Florida-based Crocker Partners hopes to build two apartment towers, with a total of 703 units, at 3475 Piedmont Road.
The board of Neighborhood Planning Unit B on June 4 approved the zoning needed for the project. It now goes to the Zoning Committee of Atlanta City Council for consideration.
The residential towers would go up alongside the 18-story Prominence in Buckhead office tower, which Crocker acquired in August of 2012.
Crocker is awaiting Atlanta City Council approval of its request to obtain mixed-use zoning for the site, in order to move forward with the project.
Crocker Properties declined to comment on the project.