Real Estate
Briarcliff Summit: Renovations are Still on Schedule
Historic building at Ponce de Leon Avenue and North Highland Avenue is getting a multi-million dollar facelift.
The Portland, Maine-based real estate concern that purchased the Briarcliff Summit last year for a multi-million dollar renovation, says the refurbishing, which started in September of 2012, is proceeding as planned.
"The renovations are happening and are going smoothly," Nick Bouquet, a development associate with Evergreen Partners LLC, told Virginia-Highland—Druid Hills Patch.
"The project is on schedule."
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Evergreen purchased the iconic building at 1050 Ponce de Leon Ave. last year with a muti-pronged plan to renovate it.
The 200-unit apartment building opened in 1925 as a luxury rental complex on Ponce, then one of Atlanta's most fashionable streets.
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It now provides Section 8 housing to the elderly.
The renovations include refurbishing the façade, the installation of new flooring, cabinets and windows in the apartments and other improvements.
Evergreen projects the renovations to the apartments alone will cost about $55,000 per unit.
Bouquet said none of the tenants are being displaced during the renovations, which are being done with residents living on-site.
The building is to remain Section 8 after the renovations are complete.
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