Alexan 360: New apartments in Downtown Atlanta that offer great amenities in an insulated environment

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The area in and around Downtown Atlanta has historically been under-supplied with new construction or high quality rental product, but that has changed recently with the delivery of hundreds of new apartments in 2009.  Three new luxury Downtown area apartment communities – Alexan 360, Pencil Factory Flats, and Marquis Vista – have added nearly 1,000 luxury units offering the latest in interior finish and community amenities that the discriminating renter demands.

Alexan 360 (http://www.alexan360.com/) is the latest Atlanta area multi-family project for national real estate development powerhouse Trammel Crow.  Alexan 360 is located just south of Freedom Parkway and east of the Downtown Connector (Interstate 75 and 85). With 592 units total, this project is mammoth in scale.  Unique community amenities include two salt water pools, a state of the art fitness center with free fitness classes, carpeted interior corridors, a cyber lounge and theater room, and rooftop terrace and grilling area with skyline views of Downtown, Midtown, and Buckhead.  All units have balconies, designer light fixtures and faucets, nine foot ceilings, granite countertops and wood cabinets, and a mix of hardwood, carpet, and ceramic tile flooring.

Safety concerns are allayed with by providing only interior corridor access to apartments, several layers of controlled access from the street and parking garage, and numerous cameras providing constant surveillance of common areas and the parking garage. Residents can park on the same level as their apartment unit and avoid stairwells and elevators when walking to their unit.

Leasing commenced at the Alexan 360 in July and the community has only reached 14% occupancy so far.  In order to encourage a faster lease rate, Alexan is offering 15 – 20% reduced rents and other move-in specials.  Right now, a studio can be rented for as low as $785 per month, one bedrooms start at $870 per month, and two-bedrooms start at $1,230 per month.  To encourage immediate move-ins, $200 will cover all move-in fees and rent for the first month is free.  Security deposits and parking fees are waived with approved credit and there is no additional rent for a pet ($300 non-refundable pet fee is due at move-in, however).