The newest addition to the development around Jamestown’s iconic Ponce City Market building will include more than 400 furnished apartments that can be rented out for anywhere between a day and a year.
Jamestown’s iconic Ponce City Market in Atlanta’s Old Fourth Ward neighborhood
The Atlanta-based developer, backed by German investors, is developing an apartment tower called Scout Living, which will offer 405 fully furnished units that can be rented for flexible lengths in the Old Fourth Ward neighborhood of Atlanta, Bisnow can first report.
Jamestown plans to use the Scout Living model as a launching pad for the concept’s growth across its global portfolio, Jamestown President Michael Phillips said.
“It’s effectively a … long-term residential solution with short-term flexibility and hospitality functions. It’s designed as an in-between product,” Phillips said. “It’s an answer to the mobility of the workforce today.”
Scout Living is the third piece of the second phase of development surrounding Ponce City Market, following the Signal House apartment building and 619 Ponce, an 85K SF mass timber office building at the corner of Ponce de Leon Avenue and Glen Iris Drive. The building, now under construction, will be next door to 619 Ponce.
Jamestown completed the transformation of a former multistory Sears, Roebuck & Co. warehouse into Ponce City Market in 2015, creating a mixed-use destination that includes offices, a food hall and retail. Jamestown broke ground on the second phase last year.
Phillips said Jamestown is targeting a growing pool of renters seeking flexibility, typically…
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