Developers file ‘land development’ permit for 77 12th Street Apartments.
UPDATE (Nov. 29, 2011): 12th & Midtown owners spending $40 million on phase 4
Several upscale apartment buildings are being constructed simultaneously in the heart of Midtown.
The developers of 12th & Midtown are moving forward with plans to add a fourth high-rise to their upscale project called 77 12th Street. Daniel Corporation and Selig Enterprises filed a permit Thursday to develop the land for their 22-story apartment tower at 12th Street and Crescent Avenue.
The estimated cost to develop the land for the mixed-use project is $4,700,000.00, according to the permit.
77 12th street should break ground this fall, according to Steve Baile, senior vice president at Daniel Corporation. It should be built by quarter one, 2013.
Novare Group is also constructing an apartment highrise in Midtown.
The developer of mixed-use highrise communities in southeastern urban markets filed a permit earlier this month to construct a 12-story luxury apartment tower called Sky House. The apartment highrise will be built at 1120 West Peachtree Street.
