Downtown Augusta’s Luxury Apartment Boom

Downtown Augusta is experiencing a luxury housing boom.  Over 1500 luxury apartments have just been delivered, are under construction or in planning in and around Downtown Augusta:

• • Ironwood, Downtown North Augusta, 280 units Website
    • Ironwood apartments are adjacent to SRP Park–the Greenjacket’s stadium, with an upscale hotel and retail space, connected to Hammond’s Ferry subdivision. 
  • Residence at Riverwatch, Riverwatch Pkwy: 260 Units Website
    • These apartments were delivered in 2018, adjacent to the Costco Regional Shopping Center, and will walking distance to Topgolf.  
  • Beacon Station, Wrightsboro Rd: 220 Units  Website
    • These apartments are adjacent to the Medical College of Georgia, and a landmark as one of the first market rate apartment projects to be built in the Laney-Walker Neighborhood.  
  • King Mill, Broad Street: 250 Units
    • This is a luxury apartment complex that will be built in the King Mill utilizing historic tax credits and connected to the Augusta Cyberworks.  
  • Train Depot, Reynolds Street: 140 Units
    • The city of Augusta is partnering with BLOC Development to bring these units to market. 
  • Historic Cotton Warehouse, Wrightsboro Rd, 190 Units
    • Burt Development of Albany, GA, bought these in February of 2018.  
    • Plans for Historic Tax Credit development
  • Ivey Apartments, Fenwick Street, 165 Units
    • According the Zoning Commission Minutes, these apartments were approved for a parking variance and a zoning change in January and February. 
    • MINUTES. BZA. fEB. 2019. final (002)
    • Jan. 2019. PC mtg minutes (002)
• What do you think is driving the growth downtown?  Do you have any more details about any of these projects?   Have we forgotten any upcoming multifamily projects? What impact will 1500 luxury apartments have on Downtown Augusta?
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Update: Damon Cline at the Chronicle published a great story that goes into more detail on this.  Link

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