Crescent Building Decatur Apartment/Retail Venture

Crescent Building Decatur Apartment/Retail Venture
News| December 9, 2025| Mike Boyd
Atlanta & Southeast + Apartment Buildings

Crescent Communities purchased a 4.1-acre site in DeKalb County to build a six-story apartment community as part of Lulah Hills, a mixed-use development going up at the former North DeKalb Mall location just northeast of Decatur.

The Atlanta Business Chronicle reports the community, called NOVEL Lulah Hills, will feature 303 multifamily units offering studio, one-, two- and three-bedroom floor plans. The project is also expected to include more than 39,000 square feet of ground-level retail offerings.

Construction is slated to begin this month, with units anticipated for delivery in late 2027.

The mall officially shuttered in 2020, following years of financial decline even before the pandemic hit. Edens purchased the more than 70-acre site for $43 million in 2021 and began demolishing the existing property last year.

A total of 1,800 residential units are permitted for the site.

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up