(Read more on the multifamily market.)

ATLANTA-Construction has started on a 20-story, 155-unit residential tower at the intersection of Peachtree and Piedmont roads. The tower is being constructed by locally based Coro Realty Advisors Inc. on behalf of its client, JH Holdings Inc.

The project, which has not yet been named, is part of the redevelopment of the 14-acre Buckhead Place site into a mixed-use complex. Coro Realty Advisors president John Lundeen tells GlobeSt.com that building will have one-, two-, three- and a few four-bedroom units with an average unit size of 1,250 sf. Rents will average $2 per sf.

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