ATLANTA—Wood Partners is getting ready to break ground on yet another multifamily project. This time, the developer is building the first high-rise multifamily building in Midtown Atlanta to solely use natural gas for home heating, hot water, and cooking.  

The residential/retail development will be located on West Peachtree Street in Midtown Atlanta and will include high-rise and mid-rise residential buildings and approximately 20,000 square feet of retail space. Wood will break ground in the first half of 2014.

“Wood Partners has done an extensive cost-benefit analysis on the use of natural gas, and we are confident that natural gas will not only generate long-term savings to the project but it will also provide our residents with added benefits that come with using a clean, efficient and cost-effective fuel,” says Bennett Sands, director in Wood's Atlanta office. The multifamily development will be built on four acres at Peachtree Place and West Peachtree Street, which is currently a surface parking lot.

The Midtown Atlanta multifamily building development will bring much-needed housing in Midtown, where job growth has outstripped housing supply. Midtown's population—an eclectic mix of students, academics, artists, and upscale professionals—grew 105%, from 17,000 in 2000 to 35,000 in 2010, and the area is projected to gain another 17,000 people by 2016.

In addition to its central location immediately adjacent to the Midtown MARTA station and within walking distance to Georgia Tech, Piedmont Park and the Midtown CBD, the multifamily property will feature spectacular skyline views of Midtown and downtown. Multifamily amenities will include a resort-style pool deck, club rooms, and one-of-a-kind urban park and courtyard space.