LANE STRATEGIC INVESTMENT ACQUIRES 18-STORY MIXED-USE HIGH-RISE IN MIDTOWN
ATLANTA — Lane Strategic Investment, a subsidiary of Lane Co., has acquired an 18-story mixed-use development located on Peachtree Street — next to The Fox Theatre — in Midtown Atlanta. The high-rise community includes the 710 Peachtree Apartments and 34,000 square feet of commercial space, which houses three restaurants and a small retail store. The 533-unit apartment building, which will be renamed, includes studio-, two-, and three-bedroom units. Lane Strategic Investment is planning an $8 million renovation of the development, which will include a new street-level façade, as well as upgrades to the commercial and residential spaces. The acquisition price was not disclosed.