Atlanta-based SWH Residential Partners hopes to break ground in February 2013 on its approximately $40 million Germantown apartment building following design approval earlier this week from the Metro Development and Housing Agency Design Review Committee.
The 282-unit building, tentatively to be called Werthan Flats, will front Fifth Avenue North across from Morgan Park. (Read more here.) SWH still must get approval on Nov. 14 from the Metro Historical Zoning Commission regarding design of the new building. MHZC already approved SWH’s handling some demolition on the site.
“Our intention is to do on-site demolition in the second week of January,” said John Tirrill, SWH managing partner. “We hope to being site work in February.”
Tirrill said the project will require about 18 months and will include the construction of Werthan Flats, which is a working name, and the rehabbing of a small building located at the northeast corner of the Fifth Avenue North and Taylor Street T-intersection.
In addition, SWH hopes to save long term a warehouse on the Werthan site and that Werthan Packaging Inc. continues to use.
“Our intent is to do adaptive reuse of the building with office and commercial space,” Tirrill said.
On a related note, Tirrill said SWH plans to have in December a rendering of its proposed Rolling Mill Hill apartment building. Florida-based Baker Barrios Architects is tentatively giving the five-story unnamed building (read more here) a neo-art deco design. Des Moines, Iowa-based Principal Global Real Estate Investors is the owner of the project, while SWH will serve as the fee development manager. Groundbreaking is tentatively slated for March 2013.
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