Apartment developers have big plans for Buckhead, and another high profile project is on the horizon.
AMLI Residential will develop a 640-unit project at Roxboro and East Paces Ferry roads, according to the Buckhead Coalition. The Atlanta Business Chronicle reports that AMLI bought the 7-acre site for $22.5 million.
It’s the second Buckhead project for the company. AMLI also is developing apartments at Adina Drive and Fountainhead Lane that will consist of 375 units.
Attempts to reach AMLI representatives for comment were unsuccessful. The plans are just a part of a broader trend of apartment development in Buckhead. The coalition reports that there are nearly 7,000 units slated for Buckhead that are in various stages of development. That represents 21 different projects, including high-rises, which will bring additional residents into Buckhead, a 28-square-mile community taking in more than 40 distinct neighborhoods.
According to coalition figures, the largest announced project is a 702-unit complex at Piedmont and Lenox roads under development by Croker Partners. The largest project currently under construction is Camden Paces on East Andrews, a 376-unit complex being developed by Camden Property Trust.
While the coalition has trumpeted the numbers as a sign of Buckhad’s vibrant economy, some residents in the surrounding neighborhoods are dreading the effects of a glut of apartment developments.
It’s a familiar story to Gordon Certain, president of the North Buckhead Neighborhood Association, who has worried about the effect the apartments will have on traffic.
“Traffic is going to be a problem,” he said. Certain said he has no indication that the city of Atlanta is doing anything to get ready for traffic that he thinks will be created by the apartment complexes.
He said voters showed they’re unwilling to pay for infrastructure improvements by rejecting the Transportation Special Purpose Local Option Sales Tax in 2012. “The public had a chance to pass the T-SPLOST and they voted against it,” Certain said.
He did see some hope, however.
“When the new ramps open up on I-85 to Ga. 400, it should cut the congestion on Roxboro and that should help, and it should cut it on Lenox Road south of Lenox Square,” he said.
Those ramps are 92 percent complete and are scheduled to open next month, according to the State Road and Tollway Authority.