ATLANTA, GA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner PGIM Real Estate, celebrated the topping-out of Momentum Midtown, a new 36-tale, 376-unit luxury high-rise rental apartment community in the heart of Atlanta s vibrant Midtown neighborhood. Momentum Midtown is located on a 0.83-acre site at 1018 W Peachtree Street NW.
Constructed on the location that was once Ted Turner s original broadcasting studio and the birthplace of WTBS, the topping-out celebration at the new apartment community was attended by development partners, local officials, and more than 700 of the project s construction workers. Financed with a construction loan facility from Wells Fargo Bank N.A, construction commenced in 2021 and resident occupancy is anticipated in early 2024.
This was an exciting day for all members of the team as we celebrated this huge construction milestone for Momentum, said John McCullough, President of Toll Brothers Apartment Living. This is our fourth luxury multifamily community in the rapidly growing Atlanta market and we re looking forward to bringing new opportunities for the highly skilled workforce of the area to live in an unparalleled location offering a unique and quality lifestyle.
Featuring studio, one-, two-, and three-bedroom floor plans, residences at Momentum Midtown will include quartz countertops with tile backsplash, stainless steel appliances, designer custom cabinetry, wood-style LVT flooring, oversized closets, entry nooks, and smart home features. Private balconies and terraces, as well as private yards, will be available in select residences. Momentum Midtown s rooftop offers unimpeded views of both the Midtown and Downtown Atlanta skylines.
Momentum Midtown will feature a resort-style rooftop pool and lounge with cabanas, outdoor bar, dining room, exhibition kitchen, theater, indoor/outdoor game room, and a sky lounge. Other amenities will include a state-of-the-art fitness center, a co-working space, a club room with coffee bar, beer and wine taps, a dog park and pet spa, high-speed community-wide Wi-Fi, and 435 dedicated parking spaces in the structured parking garage.
The topping out of Momentum represents fantastic progress for Toll Brothers and for the Midtown region, said Will Chappell, Director of Development and Construction for the southeast region of Toll Brothers Apartment Living. We are excited to recognize the potential of this West Peachtree Street corridor as it becomes the epicenter of life, business, and culture for Midtown. Momentum features a striking architectural design that embodies the future of Atlanta, and we look forward to welcoming all those who will soon call it home.
Momentum Midtown is located within a five-minute walk of the Georgia Institute of Technology campus in Atlanta s Midtown community between the Downtown and Buckhead neighborhoods. With superior access to I-75/85, GA-400, MARTA rail stations, and Hartsfield-Jackson International Airport, the property benefits from convenient access to many of the area s major transportation corridors, employment centers and employers, including FORTUNE 500 companies such as Google, NCR, AT&T, and Coca-Cola. Atlanta has the South s second-largest pool of tech workers. With a location adjacent to Georgia Tech and two blocks south of Google s plotted 475,000 square foot Midtown office, Momentum will be at the center of Atlanta s tech innovation community.
We re thrilled to be expanding our partnership with Toll Brothers and to be celebrating this milestone in the development of Momentum Midtown, said Joanna Mulford, Managing Director and Senior Portfolio Manager for PGIM Real Estate s U.S. core equity strategy. Momentum will benefit from robust tenant demand stemming from its location in the heart of Midtown Atlanta, an area that s experiencing rapid growth in high-paying jobs, and from its walkability to many restaurants, parks, green space, and entertainment.

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PITTSBURGH, PA – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the closing of Allegheny Commons apartments. The community is located at 255 E. Ohio Street, in the revitalized and highly desirable North Shore neighborhood of Pittsburgh. The 136-unit multifamily complex is less than a mile from the Central Business District and marks the first investment in this market for CPP.
CPP s total development investment is expected to be approximately $46.4 million, with a total investment in renovations of $11.3 million. Renovation starts immediately and is expected to be completed by February 2024. Throughout the renovation process, CPP will ensure that the impact on residents is as minimal as possible.
CPP will conduct a major rehabilitation of the community, which was originally built in 1973 and consists of 20 residential buildings. The work will include common area and exterior renovations including accessibility upgrades, flooring upgrades, parking lot repair and exterior pressure washing and paint, among other upgrades.
Individual apartment renovations will include new energy-efficient kitchen appliances, solid surface countertops in kitchens and bathrooms, new sinks and faucets, LED lights, new windows, and converting 5% of units to meet ADA accessibility requirements. The development will meet Enterprise Green Communities (EGC) 2020 standards.
One hundred and twelve (approximately 82%) of the units are covered under a project-based Section 8 Housing Help Payments (HAP) contract. Additionally, the project includes 24 tax credit units restricted to 60% AMI. The new HAP contract will extend affordability for 20 years, setting the AMI at 50%.
CPP’s properties are not only investments, but they re also sources of fantastic pride for the owners and communities they serve, said Anand Kannan, President of CPP. This rehab will completely transform this property into a modern, safe community in the heart of downtown Pittsburgh.
Allegheny Commons is a small walk to the Deutschtown Historic District with numerous shops and restaurants and is only 0.4 miles from PNC Park and 0.9 miles from Acrisure Stadium. Also nearby are a public park, church, office building and several market-rate apartment complexes.
With this investment and major renovation at Allegheny Commons, CPP will help ameliorate the loss of affordable units in this rapidly changing area, said Seth Gellis, Senior Vice President of CPP. By preserving affordable housing, we are not only making a positive impact on the property s residents, but also contributing to the revitalization of the area.
CPP often partners with other organizations on renovation projects to help set up support systems. At Allegheny Commons, CPP will provide residents supportive services through a partnership with American Healthcare Group and is also working closely with Allegheny Center Alliance Church to offer other programs and opportunities to residents.

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LEANDER, TX – Enriched Senior Living announces the upcoming opening for The Haven at San Gabriel, a luxury helped living community in the heart of Leander, Texas. The Haven at San Gabriel will specialize in senior care that provides the highest quality of life, both physically and emotionally.
The new, one-tale facility, will cover five acres and consist of 65,000 square feet of maintenance-free, pet-friendly apartments. The community will house 50 Helped Living units and 20 Memory Care units. The spacious rooms feature private bathrooms and walk-in closets.
Leander is located 26 miles north of Austin, Texas, one of the fastest-growing cities in the nation. The Haven at San Gabriel is conveniently located just miles from the new St. David’s Hospital, Austin Community College San Gabriel Campus (ACC), and the new state-of-the-art Metro Station.
Thoughtful interior design will make a boutique hotel feel with all the comforts of home. Community residents will delight in the luxuries of a theater, saloon, library wellness/therapy room, a full-service salon with massage rooms, and perfectly landscaped gardens.
The elevated dining program will include nutritious and seasonal chef-prepared meals served daily. Formal, private, and casual dining options will be available for residents to host family and friends. Residents can also delight in snacks and refreshments at the bistro and ice cream parlor.
Memory care residents will thrive in an environment that encourages freedom and choice with the discreet integration of the latest safety technologies and safety features. A dedicated team of care partners will be available 24 hours daily to help residents with plotted activities.
The General Partners for the project are The GAN Group, New Haven Helped Living and Shane Walls. Enriched Senior Living will act as the managing partner upon completion of construction and the beginning of the operations phase. Each of the three GP partners has domain expertise in the critical areas of success for Senior Housing including financing, construction and operations.

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