(Read more on the multifamily market.)

ATLANTA-Locally based Cousins Properties Inc. has begun construction on 10 Terminus Place, a 32-story, 142-unit condominium tower. The tower is the second building in the $660-million mixed-use Terminus project.

The project is slated for completion in the third quarter of 2008. Terminus is located at the intersection of Peachtree and Piedmont roads in the Buckhead district. “Buckhead has more than its share of customers for ultra-luxury residential buildings but we are seeing another set of customers that are focused on a combination of luxury and value,” says Cousins chairman and CEO Tom Bell.

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