Atlantic Station Area Office Project Plans Give Way To 278-Unit Multifamily Proposal
05.26.21
Atlantic Station Area Office Project Plans Give Way To 278-Unit Multifamily Proposal
A planned seven-story office project at 400 Bishop St. has given way to plans for a 278-unit market-rate apartment project
An affiliate of Middle Street Partners submitted plans with the city of Atlanta last month for the development of a 278-unit multifamily project just north of Atlantic Station, city filings show.
Slated for 400 Bishop St. NW, the proposed development represents a change of plans for the vacant, 1.43-acre site, which was originally expected by developer Track West Partners and its principals, including Brett Merrill, to hold a seven-story, 130,000-square-foot creative office project. In 2019, it filed plans for that project, and the site was acquired for $3 million by 400 Bishop Master LLC, a company registered at the address of Telos Ventures, another company led by Merrill.
Still owned by the same company, according to county property records, the site is now envisioned to hold a 247,721-square-foot, market-rate multifamily project with 190 one-bedrooms, 82 two-bedrooms, and six three-bedroom apartments. The applicant is requesting a rezoning from industrial to mixed-use, according to its rezoning application.
Middle Street Partners didn’t immediately respond to a request for comment.
The project would have expected rents of $1,528 for the 670-square-foot ones, $2,300 for the 1,025-square-foot twos, and $2,999 for the 1,450-square-foot threes, the application shows.
It would also include structured parking, with resident and public access provided through a curb cut on Bishop Street.
An expected completion date of March 2024 is listed in the rezoning application for the project site, which is just southwest of the intersection of Bishop and Mecaslin Streets and north of railway between it and Atlantic Station.
The rezoning application for 400 Bishop is scheduled to go before Neighborhood Planning Unit – E on Tuesday and the city’s Zoning Review Board early next month as well.
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Atlantic Station Area Office Project Plans Give Way To 278-Unit Multifamily Proposal
A planned seven-story office project at 400 Bishop St. has given way to plans for a 278-unit market-rate apartment project
An affiliate of Middle Street Partners submitted plans with the city of Atlanta last month for the development of a 278-unit multifamily project just north of Atlantic Station, city filings show.
Slated for 400 Bishop St. NW, the proposed development represents a change of plans for the vacant, 1.43-acre site, which was originally expected by developer Track West Partners and its principals, including Brett Merrill, to hold a seven-story, 130,000-square-foot creative office project. In 2019, it filed plans for that project, and the site was acquired for $3 million by 400 Bishop Master LLC, a company registered at the address of Telos Ventures, another company led by Merrill.
Still owned by the same company, according to county property records, the site is now envisioned to hold a 247,721-square-foot, market-rate multifamily project with 190 one-bedrooms, 82 two-bedrooms, and six three-bedroom apartments. The applicant is requesting a rezoning from industrial to mixed-use, according to its rezoning application.
Middle Street Partners didn’t immediately respond to a request for comment.
The project would have expected rents of $1,528 for the 670-square-foot ones, $2,300 for the 1,025-square-foot twos, and $2,999 for the 1,450-square-foot threes, the application shows.
It would also include structured parking, with resident and public access provided through a curb cut on Bishop Street.
An expected completion date of March 2024 is listed in the rezoning application for the project site, which is just southwest of the intersection of Bishop and Mecaslin Streets and north of railway between it and Atlantic Station.
The rezoning application for 400 Bishop is scheduled to go before Neighborhood Planning Unit – E on Tuesday and the city’s Zoning Review Board early next month as well.
Source: https://whatnowatlanta.com/atlantic-station-area-office-project-plans-give-way-to-278-unit-multifamily-proposal/