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Sunday, 13 October 2019
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ALLIANCE RESIDENTIAL COMPANY ACQUIRES PROPERTY FOR BROADSTONE SUMMERHILL

Written by Alliance Residential Posted On Friday, 20 September 2019 15:54

ATLANTA, September 20 – Alliance Residential, one of the largest multifamily developers in the nation, has closed on the acquisition of five acres located at 100 Fulton Street, Southeast in Atlanta, Georgia for the development of Broadstone Summerhill, a luxury multifamily community. Adjacent to the sweeping Georgia State University and Carter master-planned development, the most recent evolution in the revival of the Summerhill neighborhood will start construction later this year and is scheduled to be open for residents in 2021. The entire Summerhill area is experiencing a major transformation from its past as acres of parking lots to a walkable, residential and commercial district complete with destination shops, signature restaurants and planned open greenspaces.

Broadstone Summerhill will consist of three five-story buildings, containing 276 studio, one and two-bedroom apartments averaging 729 square feet. The development will pull design elements from the Victorian accents of Historic Grant Park homes and inspiration from boutique retailers along Georgia Avenue, including large, natural light-filled windows. Modern multi-use amenities include a resort-style pool, clubroom, fitness center, flexible indoor /outdoor spaces and a top-floor sky lounge with breathtaking views of the downtown and midtown skylines. Individual unit layouts were designed with efficiency in mind, featuring built-in shelving and other creative storage features for ease of use.

Located in the heart of the Summerhill neighborhood in Atlanta, just north of the Georgia State Stadium, the community offers a walkable lifestyle, only steps away from popular local shops and restaurants along Georgia Avenue. The Atlanta Beltline, Grant Park, Zoo Atlanta, The Georgia State Capitol and Georgia State University are all within a mile of the new apartment community.

“Renters are prioritizing experiences and location more than ever, and Broadstone Summerhill delivers both. In the heart of the newly emerging commercial district of Summerhill, this modern luxury development will be a perfect addition with designs inspired by the surrounding historic areas,” said Alliance Residential Development Director Noah Randall. “Broadstone Summerhill’s multi-use amenities and flexible indoor / outdoor spaces create a seamless integration into the community’s best amenity – the neighborhood.”

About Alliance Residential

Alliance Residential Company is one of the nation’s largest multifamily developers and fourth largest multifamily manager in the nation. As an integrated multifamily real estate company, Alliance is focused on the development, management, construction and acquisition of residential and mixed-use communities. Developer of the high-profile Broadstone communities, Alliance is headquartered in Phoenix with 35 regional offices throughout the West, Southwest, South-Central, Southeast, Mid-Atlantic and Northeast. Alliance is also one of the largest private apartment owners, boasting a $15 billion portfolio of over 89,000 units in 34 metropolitan markets. Alliance is actively seeking management, development and acquisition opportunities across the markets it serves. For more information, visit www.allresco.com.

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