Alliance Residential Company Acquires 25 Acres for Prose Columbus
Tuesday, August 30th, 2022
Alliance Residential Company, one of the largest multifamily developers in the nation, has closed on 25.05 acres at 6700 River Road in Columbus, Georgia, for the development of Prose Columbus. Located in Georgia’s second largest city and fourth largest Metropolitan Statistical Area, the new 340-unit apartment community will welcome its first residents in fall 2023.
As Columbus boasts a diverse and self-sufficient economy, the community will serve as an economic hub, providing residents with direct access to more than 80,000 jobs within a 15-mile radius, mostly concentrated in uptown Columbus. Among the nearby businesses are several well-known Fortune 500 companies, including Aflac Inc. (AFL) and Total System Services, Inc. (TSYS), both headquartered in Columbus.
“Prose Columbus is uniquely positioned to serve the diverse and vigorous economic base of healthcare, technology, manufacturing and banking jobs in Columbus, Georgia,” said Noah Randall, managing director for Alliance Residential Company. “The City of Columbus is the economic anchor of the Chattahoochee Valley region, and with access to a workforce and talent pool in West Central Georgia that is unmatched for a region of its size, the robust economy is poised to continue expanding.”
Prose Columbus offers easy access to important commuter corridors, including JR Allen Parkway, which is located just a half mile to its south and serves as a major east-west artery that feeds directly into Interstate 185. The 25-acre site also fronts River Road which gives it access nearby to several popular outdoor and lake amenities, including Lake Oliver Marina and the North End Chattahoochee River Walk.
The community will offer a mix of one- and two-bedroom apartment home options averaging 950 square feet. Planned by architect Dynamik Design, the garden style apartments will feature stainless steel appliances, ample storage, premium finishes, and dining-sized kitchen islands to offer flexible living spaces. The community will also feature a clubhouse, a resort style pool, co-working spaces, grilling stations, a fitness center, a spacious pet park and 24/7 package concierge.
“We are excited to be developing this property, which will go a long way towards meeting the rising residential demand in Columbus which has seen tremendous growth over the past several years” said Andrew Butcher, development associate at Alliance Residential. “Residents will enjoy the fact that Prose Columbus offers best-in-class amenities, while maintaining an attainability that is rare for its quality.”
Alliance Residential Company has been rapidly expanding their Prose-branded communities in Georgia. The company has four Prose-branded developments in lease-up or under construction in and around the Atlanta area. Several more are scheduled to break ground in the coming year.