Post Properties Plans 2 Openings

Two projects started by Atlanta-based Post Properties in 2006 will see fruition this spring with the opening of leasing offices for Post Eastside mixed-use development in the Dallas suburb of Richardson and the upscale Post Alexander luxury apartment complex in Atlanta’s Buckhead area. The Post Eastside master-planned development will include 80,000 square feet of retail, nearly 200,000 square feet of office space and 435 apartment homes surrounding a one-acre central park with a fountain and amphitheatre on a 14.8-acre parcel. An existing Class-A office tower and parking deck have been integrated into the master development. Located at the southeast corner of Campbell and Central Expressway in the Telecom Corridor or Richardson, the project is slated for a May opening. Post Properties, Skyrise Properties and Greenway Investment Co. broke ground on Eastside (pictured) in November 2006. With the first residents moving in this month, Post Alexander in the Buckhead area of Atlanta is a 307-home luxury apartment community. Post Eastside opened a temporary leasing center near the site earlier this month to begin leasing the first apartments, available May 1. Retail space is also expected to debut over the next few months, bringing Panera and Boudreaux’s Cajun Kitchen, among others. Located just blocks away from two of DART’s light rail stations, the development will utilize an urban, pedestrian-friendly design featuring a blend of building styles and landscaping. The development was modeled after Post’s successful projects in the Dallas area at Legacy Town Center and Addison Circle.Post broke ground on the Post Alexander project in April 2006. Post Alexander is located in the center of Buckhead’s retail district at 3410 Alexander Road NE, adjacent to Phipps Plaza and within walking distance of Lenox Square, restaurants and a number of Atlanta’s major employment centers. Post Properties is a REIT focused on developing and managing resort-style garden and high density urban apartments., as well as developing condominiums and converting existing apartments to for-sale condos. The firm owns 22,435 apartment homes in 62 communities.