Multifamily

ATLANTA — Lane Company is developing No. 10 Park, a $60 million, 312-unit upscale rental community in Atlanta. The five-story apartment building will feature one- and two-bedroom units. Amenities will include a resort-style pool, fitness center, Internet café, conference room and landscaped courtyards. Initial occupancy will begin next summer, followed by full completion in fall 2009. The two equity partners for the project are Eagle Realty and an affiliate of W&D Enterprises. Lane Realty Construction is the general contractor, and the project architect is The Preston Partnership. Lane will also lease and manage the apartments. The community will be located one-half mile from Interstate 285 and less than 2 miles from Georgia 400.

CHARLOTTE, N.C. — Joint venture partners Crosland and Trinity Capital Advisors are developing a $100 million, 400-unit luxury apartment building in downtown Charlotte, located at 500 West Trade. The eight-story building will be situated on a 2.7-acre city block at the intersection of Trade and Graham streets. Residences will feature one-, two- and three-bedroom floorplans, ranging from 600 to 1,300 square feet. Rooftop amenities will include a two-story resident lounge, a business center, a media center, a conference room and a pool. The building will enclose a private half-acre courtyard featuring a resort-style saltwater pool and also feature ground-floor retail. Construction is slated to begin this fall, and the residences are expected to open late next year.