Development proposals could increase revenue in Atlanta
Several apartment development proposals might have a major impact on the economy and market of homes for sale in Atlanta in the immediate future. According to SaportaReport, the Atlanta City Council set the stage for regional economic recovery by considering the creation of three major apartment developments. This could spark interest new life in real estate across the metro, and may enhance local business revenues.
The news source reports that apartment complexes could be built in Buckhead, along East Andrew Drive, the BeltLine and near the Atlanta University Center. If approved, the construction of these properties could take several years, but might rejuvenate the local economy.
There are many variables that may influence the cost to build an apartment complex, including the price of equipment, labor and materials. Fixr notes that construction of such a building might cost between $85 and $200 per square foot. When contractors complete these projects, they can rely on local retailers such as Builders Surplus, located less than 12 miles from Atlanta at 2960-B Olympic Industrial Drive in Smyrna, to purchase supplies. Additionally, contractors can reach out to local staffing agencies like Spherion Staffing Services, located at 1 Coca Cola Plaza NW #202, or AppleOne, at 730 Peachtree Street NE #160, to find skilled workers to assist them during these projects.
Atlanta is a city on the rebound, and the passage of new apartment development proposals could lead more people to the metro.