Greystar, Vantage Acquire Chamblee Property for 340-Unit Multifamily Community

Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller.

The Atlanta Business Chronicle reports that Greystar is working with real estate firm Vantage Realty Partners on the project that will feature housing, retail and dining components.

Greystar’s project will comprise 340 multifamily units spanning three residential buildings within the development, offering a mix of studio, one- and two-bedroom layouts,

The broader development will include an adjacent 1-acre community park and more than 29,000 square feet of ground-level retail and restaurant space.

Construction is slated to begin this month and is estimated to wrap by December 2028