Construction is set to begin in the next couple of weeks on Alta Depot, a residence complex containing 308 units in 13 buildings on the east side of Lowry Street in Smyrna.
The development is being built on 18.6 acres on the former Lane Cedar Mill property. One-, two- and three-bedroom apartment homes are planned.
“This will be the first significant investment to Lowry Street in 30 years,” Smyrna Town Manager Brian Hercules said at the town council meeting which unanimously approved zoning for the development. “This is a great project to help us kick start the revitalization of downtown.”
Wood Partners, a national multifamily real estate company, said in a press release that it has secured financing for the development. The press release also said that the buildings will match many of the design features of the Old Train Depot between Front Street and South Lowry Street.
Some of the features of the development include elevators for senior residents, access points for school buses and dedicating land and dollars to the town for storm water improvements and a pedestrian path that will lead to the nearby soccer park.
Other amenities will include a saltwater pool, a fitness center with a kid-friendly playroom and a dog park.