119 Pharr Road (this is new, correct?)

PhunkyPho · #1 Posted **Mar 8, 2023, 6:03 PM**

https://atlanta.urbanize.city/post/b...groundbreaking

If there is already a thread about this, please delete. (This one. Not the other one. Delete this one.)

testarossa50 · #2 Posted **Mar 8, 2023, 8:59 PM**

Weird project. $100 million for 65 units means $1.5 million average cost/unit. Maybe they mean delivered value instead of cost but that’s still quite high, especially in a less-than-prime location.

They’ve built some stuff before, so maybe it’ll happen. Just seems…odd.

RocketSurgeon · #3 Posted **Mar 8, 2023, 9:29 PM**

I'm sure they mean construction cost. Nothing unusual about $5 million per floor. The units will probably sell for $2-4 million.