Rolling Mill Hill — already home to The Art Deco, The Metro, Nance Place and The Victorian apartment buildings and with Ryman Lofts fully underway — is bracing for its next development, as Atlanta-based SWH Residential Partners hopes to break ground by March 2013 on a five-story unnamed rental residential building.

Orlando-based Baker Barrios Architects is handling design work, with the firm known for its cutting-edge residential buildings. See here. John Tirrill, SWH managing partner, said the design of the residential building could offer a neo-art deco flavor.

“We plan to submit plans to MDHA and the Metro Planning Department by the end of the summer,” said John Tirrill, managing partner with SWH. “We’ll start interviewing general contractors in the next few weeks and hope to have one selected by the end of July.”

Tirrill said the building, a price tag for which has not been announced, will feature about 100 units. It will be positioned on an empty lot next to the historic chimney that sits adjacent to The Metro (seen near the upper right corner of the photo here). SWH owned The Metro, The Art Deco and The Victorian before selling to Des Moines, Iowa-based Principal Global Real Estate Investors earlier this year for $11.4 million. MDHA is developing Ryman Lofts and developed Nance Place.

“The chimney will need some work,” Tirrill said. “We’ve got structural engineers looking at it. We’ll spend a lot of time and effort stabilizing the [chimney], which we feel is an architectural asset.”

The previously mentioned Principal Global Real Estate Investors is the owner of the project, while SWH will serve as the fee development manager.