Crescent Ready to Kick-Start $67M Luxury Development in Buckhead
By Georgiana Mihaila, Associate Editor
Following the purchase of a three-acre site within Cousins Properties’ Terminus development, Crescent Resources, LLC is now set to begin construction on the $67 million Circle Terminus community.
“This site has all the ingredients for a very successful luxury apartment community,” said Ben Collins, regional director for Crescent Resources. “Its location in the heart of Buckhead is ideal. And, with its existing world-class office space, luxury condominiums, outstanding public art, five-star dining and street level retail, Circle Terminus will offer a unique lifestyle that allows residents an opportunity to work, play and live all within easy walking distances.”
Crescent and Cousins have been working together for more than a year planning for the newest addition to Terminus. According to a press statement, Circle Terminus is being financed by an equity investment from Crescent Resources and the construction lender is JPMorgan Chase & Co.
The 355-unit Circle Terminus will consist of three eight-story buildings, with the first three of parking topped by five stories of apartment homes. The completion date for the first units has been set for spring 2014.
Amenities will include a salt-water resort-style pool, roof-top terraces with dramatic skyline views, a wine bar and tavern, an extensive fitness center, a dog walk park, an art gallery and a business center. The apartments will feature granite countertops, stainless steel appliances, faux hardwood flooring and a custom lighting package.
Circle Terminus is designed to meet LEED requirements from the U.S. Green Building Council. Lord Aeck & Sargent of Atlanta is the project architect, while Southern Civil Engineers of Atlanta serves as the civil engineer. LandDesign of Charlotte is the land planner and landscape architect and Hardin Construction of Atlanta has been named the general contractor. Greystar will serve as the property manager.
Taking its inspiration from the existing contemporary buildings in the development, Circle Terminus will complement the existing Terminus 100 and Terminus 200.
Image courtesy of Cousins Properties