RangeWater Real Estate and equity partner, ParkProperty Capital, today announced a new project along the Atlanta BeltLine. This marks RangeWater’s third project along the iconic trail, one of the nation’s largest urban redevelopment projects, and ParkProperty’s second investment in Atlanta. 

RangeWater will build a 325-unit apartment project in the historic Capitol View neighborhood, with two entry points to the Westside BeltLine, where paving of the trail was recently completed.

Located at 1246 Allene Ave. S.W., the 8.5-acre site formerly was the Exide Technologies battery plant. The first units are expected to be delivered in late 2022.

Developing along the Atlanta BeltLine continues to be a focus of ours as it naturally connects our residents with their respective neighborhoods,” said Steven Shores, President & CEO of RangeWater. “Our team’s repeat investment in the Southside Trail truly aligns with our purpose of creating fulfilling experiences, encouraging a connectedness in those who choose to live with us. We look forward to delivering a multifamily community here in Capitol View that will add value for years to come.”

Called The Vivian, the project will have 3-, 4- and 5-story buildings with studio, one- and two-bedroom apartments. Amenities will include a dog park, club room, pool and fitness center. 

Rents will start at $1,200 per month. Twenty percent of units will be priced at attainable rents, per City of Atlanta’s specifications for new BeltLine projects. 

“We’re excited to invest with such a high-quality developer in RangeWater and grow our footprint in Atlanta where we’re headquartered,” said Brendan Whalen, Managing Director of ParkProperty Capital. “This will be our second investment in Atlanta and first along the Beltline trail where we see a lot of opportunity in this historic but quickly revitalizing neighborhood. This is also the second investment through our discretionary fund platform that invests in similar development opportunities throughout the major markets in the US Sunbelt, so this is an important milestone for ParkProperty Capital on multiple fronts.”