Surrounded by high-rise buildings in the upscale Buckhead neighborhood of Atlanta, Crescent Terminus is a new three-building, luxury apartment complex offering resort-style amenities,including a salt-water pool, rooftop terraces with dramatic skyline views, a gourmet coffee bar and more.
Featuring five stories of wood over a concrete podium, the project fills the last three parcels of land in the Terminus complex, completing this unique urban development. And while the prime piece of real estate carried a corresponding price tag, the developer was able to move ahead with the project thanks in large part to the choice of an affordable, high-quality wood-frame structure.
“This site has all the ingredients for a successful luxury apartment community,” said Jay Curran, Vice President of Crescent Communities’ multi-family group. “Its location in the heart of Buckhead is ideal. Surrounded by world-class office space, luxury condominiums, outstanding public art, five-star dining and streetlevel retail, Crescent Terminus will offer a unique lifestyle that allows residents an opportunity to work, play and live all within easy walking distances. This location and all those attributes are consistent with the Crescent brand of exceptional development.”
The Crescent Terminus project was inspired through extensive review and analysis of current industry trends and marketplace needs. “This land was at a cost basis that is among the highest in our portfolio,” said Jared Ford, Senior Vice President for Crescent Communities. “It’s prime real estate, but that’s where the market is. Our strategy is to build on these Main-and-Main sites using wood-frame construction—it just makes sense.”
The five-story, wood-frame buildings stand unique among the high-rise buildings that surround them. Crescent Terminus focuses on providing a sense of community for tenants within the Terminus complex, which is at the corner of Peachtree and Piedmont Roads in Atlanta. Crescent Communities broke ground on the property in January 2013; the 355-unit development opened in June 2014.
Crescent Terminus consists of three separate buildings; each has three levels of parking topped with five stories of wood-frame apartments. In total, there are about 275,000 square feet of rentable space on the three-acre site. All three buildings are Type III-A construction over a Type I-A concrete podium built to 2006 International Building Code (IBC) and 2006 International Fire Code standards with current Georgia amendments.
The wood-frame portion of Crescent Terminus includes dimension lumber, laminated veneer lumber (LVL), laminated strand lumber (LSL), metal-plate-connected roof and floor trusses, and wood structural panel sheathing.
The architecture takes its inspiration from the surrounding structures, with a contemporary exterior that mixes stucco and stone with cementitious and aluminum composite panels. To maximize the buildable area, the project bridges over an existing street and shared service drive.
“Crescent Terminus has a high profile location, so our client, Crescent Communities, wanted this to be a flagship project,” said Eric Brock, Director, Housing and Mixed-Use Studio at Lord Aeck Sargent. “The project was under a lot of scrutiny from the surrounding property owners, so it needed to be of a quality that complemented the rest of the mixed-use development. It was Crescent’s requirement to use wood framing to accomplish this.