Decatur, GA — The Decatur Housing Authority is working to close on the financing for an 80-unit senior affordable housing project being done in partnership with Columbia Residential.
The address of the project is 515 E. Freeman Street. The development will be located at the corner of Freeman and Sams Streets, near the Avondale MARTA station.
DHA Executive Director Doug Faust said the housing authority is trying to close on the project in about six weeks and begin construction soon. Once construction begins, Faust anticipates the project will be finished in about 18 months.
“It’s a very complex project,” Faust told Decaturish. “There are many layers of financing, including DeKalb County community development through the HOME program, [Department of Community Affairs] funding from the HOME program, DCA tax credits, a construction loan from a bank, so there’s a lot of players, and a lot of pieces. Plus, we’re in an environment where construction prices have accelerated at phenomenal rates. We’re trying to pull all that together and make it happen.”
The Decatur City Commission authorized the city manager to execute an updated commitment letter for a tax allocation district grant during its Aug. 7 regular meeting.
In May 2021, the City Commission provided Columbia Residential and the Decatur Housing Authority with about $438,000 in grant funds to the tax allocation district to cover the infrastructure costs supporting the affordable housing development. The city’s funding was conditional and based upon the developer producing the project and receiving the low-income housing tax credits. The total project cost is estimated to be over $21 million.
In 2021, the Decatur Housing Authority, in partnership with Columbia Residential, was awarded a 9% low-income housing tax credit allocation from the Georgia Department of Community Affairs to provide funding for the development of phase II of Columbia Senior Residences at Decatur East.
In September 2022, the city commission amended the grant to award it directly to the DHA instead of Decatur East Phase II, LP. This commitment expired in December 2022. DHA has received the low-income housing tax credits, but the closing financing was delayed, City Manager Arnold wrote in a memo.
The commitment letter was extended through Dec. 31, 2023.
Columbia Residential completed Phase I in 2018, which was a 92-unit mixed-income senior community located at 590 E. Freeman Street. The developers are now working on Phase II of that project, and all units will be for seniors aged 62 and older.
“This is planned to be an 80-unit senior community, with 70 of those units restricted as affordable, and that’s at 50% or 60% of the area median income. In addition, there’s 24 project-based vouchers that will help support lower-income residents to reside here,” said Christina Davis, development manager with Columbia Residential, at the Nov. 15, 2021, Decatur City Commission meeting.
The project-based vouchers will come from the Decatur Housing Authority.
The development is the first project to receive support from the city’s East Decatur tax allocation district, a financing mechanism for infrastructure and other public improvements using revenues from the enhanced property tax values from the new development.
“The City of Decatur is pleased to support Columbia Residential and the Decatur Housing Authority’s new senior development at Decatur East,” Mayor Patti Garrett previously said. “It is fitting that this will be the first project to receive funding from the City’s East Decatur Tax Allocation District because the project aligns well with the community’s goals for more affordable and sustainable housing.”
Faust previously said the funding award is a tremendous achievement and asset for the city and its senior residents.
“Decatur East Phase II is an excellent example of how affordable housing should be designed to meet the unique needs of seniors in a vibrant, healthy community that supports growth and economic development,” Faust said.
Additional gap financing for both phases of Decatur East senior housing was provided by DeKalb County Department of Community Development HOME funds, including a $1.6 million secondary mortgage for Phase II.
Georgia Tech held a groundbreaking ceremony this past Saturday, April 22, for the Divine Nine Plaza installation, located between the Smithgall Student Services building and the Student Center Plaza building behind the Student Center parking deck.
“[This site] will serve as a testament to the legacy of the generations who have walked before us,” said fourth year, Industrial Engineering major, Jordine Jones as she kicked-off the celebration on Saturday. “It will also speak to the power of a community laying the groundwork for those that come after.”
The history of the Diving Nine (also known as the National Pan-Hellenic Council or NPHC) at Georgia Tech goes back nearly 50 years, when the Delta Kappa Chapter of Omega Psi Phi Fraternity obtained its charter in 1976. This site will be the first Institute site at Georgia Tech to be devoted to the Divine Nine as a whole and will join campuses all over the county that have installed Plots to celebrate the Diving Nine in celebration of their communities, students, and alumni.
“I’m exceedingly proud of our students and alumni for leading this charge from the beginning,” said President Angel Cabrera at Saturday’s groundbreaking. “And I’m excited to see all the ways this new space will prove to be a boon and a blessing to our campus community for future generations of Yellow Jackets.”
The nine member organizations of the NPHC are Alpha Phi Alpha Fraternity Inc., Alpha Kappa Alpha Sorority Inc., Kappa Alpha Psi Fraternity Inc., Omega Psi Phi Fraternity Inc., Delta Sigma Theta Sorority Inc., Phi Beta Sigma Fraternity Inc., Zeta Phi Beta Sorority Inc., Sigma Gamma Rho Sorority Inc. and Iota Phi Theta Fraternity Inc. There currently is not an Iota Phi Theta chapter at Georgia Tech.
“This plaza and the Divine 9 plots it comprises sits on our recently established experiential pathway – which was designed to recognize student contributions, service and leadership,” reflected Luoluo Hong, vice president for Student Engagement & Well-Being. “As such, it is an ideal location to highlight the activism and advocacy, the history and traditions, as well as the culture and community that are the legacies of these foundational NHPC organizations.”
The plaza will feature nine plots, one each to represent all organizations in the NPHC, and an amphitheater for events and performances. This Divine Nine Plaza will offer an opportunity for NPHC organizations to gather and foster community engagement and programming. The plaza is expected to open in the Fall of 2023.
HUD OFFICIALS JOIN AH AND PARTNERS IN ROUNDTABLE AND JAMES ALLEN JR. PLACE SITE VISIT
February 17, 2023 – HUD Deputy Secretary Adrianne Todman and Deputy Secretary of the Treasury Wally Adeyemo joined President and CEO Eugene Jones Jr. and Atlanta Housing leadership, Columbia Residential, and other key stakeholders for a roundtable at AH headquarters followed by a tour of James Allen Jr. Place, formerly known as Hightower Manor. At the site, the group viewed progress on the building renovation, which will preserve 129 units for elderly residents and the young disabled.
Renamed to honor the late James Allen Jr, a former AH Board Commissioner and longtime AH employee, James Allen Jr. Place is a former AH-owned community that was converted to a Rental Assistance Demonstration (RAD) property in 2022. Through HUD’s RAD program, AH partners with private developers in long-term agreements to rehabilitate and convert aging public housing units while guaranteeing they remain fully affordable to low-income residents. Columbia Residential, through a competitive procurement process, was awarded the right from Atlanta Housing to recapitalize and redevelop the building.
With the conversion conversion, the property is undergoing a major renovation to all 129 preserved units with new building amenities include an arts and crafts room, a package room, movie theatre, and improvements to the fitness room, community room, laundry room and computer room. Additionally, a healthcare clinic with a primary care doctor offered exclusively to residents will be onsite through Matter Health. The remodel is within walking distance to H.E. Holmes Marta Transit Station, several bus stations, restaurants, and Peyton Park.
The renovation scope addresses repair and replacement needs of nearly 40-year-old systems, including now obsolete and problematic plumbing, HVAC and electrical systems. Sustainable building practices of will provide a substantial improvement in energy efficiency and utility cost through savings on electric and water use. As such, the project is seeking a green building certification through the EarthCraft Multifamily. The project faced strain from inflated costs of construction, reaching as high as 40 percent on some materials, yet redevelopment has progressed since March 2022 and is anticipated to finish in September 2023.
Financing has been made possible through critical components like four percent low-income housing tax credits and tax-exempt bonds from Invest Atlanta, Georgia Department of Community Affairs tax credit allocations, 2 million in GAP financing from Atlanta Housing along with housing-based vouchers, and conventional debt. The development costs total approximately $36 million.
President of Columbia Residential Carmen Chubb highlighted the company’s relationship with AH as both entities work to preserve affordability in Atlanta. “This is one of four high-rise redevelopments that we’ve done with Atlanta Housing and one of 16 RAD conversions. We have a monthly call with the team. They are very collaborative in helping us work through .”
As Atlanta faces a critical shortage in affordable housing, this renovation in Southwest Atlanta and similar projects in AH’s robust development pipeline are more important than ever. “RAD conversions like James Allen Jr. Place are a result of successful public and private partnerships,” said Eugene E. Jones, Jr., president and CEO of Atlanta Housing. “This effort supports our mission and one of our goals of preserving quality affordable housing for those in need. Most importantly, it will greatly benefit the residents of James Allen Jr. Place, who will have a new, healthier, more beautiful place to call home.”
Click HERE for more pictures from the roundtable and James Allen Jr. Place visit.
[post_title] => HUD OFFICIALS JOIN AH AND PARTNERS IN ROUNDTABLE AND JAMES ALLEN JR. PLACE SITE VISIT
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Prestwick Development Company and Atlanta Neighborhood Development Partnership to begin construction on development with 58 new apartments, of which 48 to remain affordable for 65 years
Rendering of 1055 Arden, a Prestwick Companies Capitol View Project.
Prestwick Development Company and Atlanta Neighborhood Development Partnership, Inc. (ANDP) are gearing up to begin the construction of a new affordable workforce housing community at 1055 Arden Ave., SW in Atlanta’s Capitol View Neighborhood. The financial closing took place on August 12, 2022. Atlanta BeltLine, Inc. (ABI), in partnership with Invest Atlanta, contributed $2 million toward 1055 Arden through the BeltLine Affordable Housing Trust Fund.
The development includes 58 units, of which 48 will be affordable at 50 to 60 percent of Area Median Income (AMI). The apartments will remain affordable for 65 years. Specifically, 28 units will be available for individuals and families earning at or below 50 percent AMI (of which six will be set aside as permanent supportive housing through a program with Atlanta Housing/Partners for HOME – for individuals who are experiencing homelessness). Twenty apartments will be available for individuals and families earning at or below 60 percent AMI, and 10 apartments will be available with market rate rents.
While LIHTC developments require 30 years of affordability, Prestwick and ANDP have committed to 65 years through an innovative land lease model. As owner of the underlying land, ANDP has further committed to permanent affordability in any future redevelopment of the site.
“We’re so excited about this new development that will provide needed housing and long-term affordability to people in this BeltLine-adjacent community, just steps from the Oakland City MARTA Station in Capitol View,” said Atlanta BeltLine, Inc. President & CEO Clyde Higgs. “With the closing of 1055 Arden, we are exceeding our affordable housing goals this year, and we are 56.2 percent of the way toward our goal of 5,600 units by 2030.”
Funding for 1055 Arden comes from several partners and sources, including:
$2 million from the Atlanta BeltLine Affordable Housing Trust Fund,
Permanent debt from Centrant,
A land note from ANDP,
A construction loan and Capital Magnet Funds from Reinvestment Fund,
A grant from HomeFirst program for permanent supportive housing, including Project Based Rental Assistance from Atlanta Housing and Supportive Services provided by Fulton County,
Georgia Department of Community Affairs Low Income Housing Tax Credits (9 percent),
Enterprise Community Investments (Federal Low Income Housing Tax Credit investor),
and US Bank State Low Income Housing Tax Credit Investor.
The community will include 2,000 square feet of ground floor commercial space that could serve as a restaurant or community grocery. Amenities will include a community room with a kitchen, fitness center, business center with computer stations, community garden, arts and crafts room, laundry room, a gazebo with picnic area and green space. The apartments will range in size from one bedroom to two bedrooms.
J.M. Wilkerson Construction is the general contractor and Dwell Design Studio is the architect. The project team will be working toward a green building certification through the EarthCraft program.
Construction is scheduled to begin in a few weeks and is expected to be completed in approximately 18 months.
While not a housing agency or a developer, ABI works closely with multiple partners to achieve affordable housing goals and provides capital to development projects like 1055 Arden that create affordable housing and commercial affordability within the BeltLine TAD. Invest Atlanta administers the Atlanta BeltLine Affordable Housing Trust Fund and the BeltLine TAD Excess Increment fund for these purposes on behalf of ABI.
Since 2006, ABI has partnered with organizations to create or preserve 3,148 affordable units within the BeltLine Tax Allocation District (TAD). Prestwick has partnered with Atlanta BeltLine and Invest Atlanta to provide over 700 units of these affordable units.
Additionally, ABI’s housing strategy centers around land acquisition to advance deeper and longer-term affordability in support of housing, job creation, small business growth and connectivity. ABI has invested nearly $39 million to purchase close to 65 acres on five sites around the corridor.
ABI, in conjunction with Atlanta BeltLine Partnership (ABP), also has additional affordability resources for homeowners along the BeltLine, including the Legacy Resident Retention Program (LRRP). This program provides financial assistance to cover property tax increases for qualifying homeowners through 2030 and help alleviate displacement pressures. People are encouraged to see if they are eligible by clicking the link above.
###
About Atlanta BeltLine, Inc.
Atlanta BeltLine, Inc.’s vision is to be the catalyst for making Atlanta a global beacon for equitable, inclusive, and sustainable city life. As one of the largest, most wide-ranging urban redevelopment programs in the United States, the Atlanta BeltLine is building a more socially and economically resilient Atlanta with our partner organizations and host communities through job creation, inclusive transportation systems, affordable housing, and public spaces for all. For more information on the Atlanta BeltLine, please visit www.BeltLine.org.
Media Contact:
Meghann Gibbons Vice President of Communications & Media Relations, Atlanta BeltLine, Inc. C (404) 731-2673 mgibbons@atlbeltline.org
[post_title] => Atlanta BeltLine, Inc., supports new affordable housing community along BeltLine Westside Trail in Capitol View neighborhood
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Atlanta Housing Closes on Major Renovation of Former Hightower Manor
Renovated Highrise Renamed in Honor of James Allen Jr.
https://whatnowatlanta.com/robots.txt?upapi=true
Photo: Apartments.com
The Atlanta Housing Office of General Counsel announced the closing of James Allen Jr. Place Rental Assistance Demonstration (RAD). The closing was completed March 10, 2022, and funds have been disbursed.
James Allen Jr. Place, known formerly as Hightower Manor, will undergo a substantial renovation that will provide needed updates to the property, such as significant system and building envelope improvements, to serve seniors and young disabled residents for years to come.
“Our RAD conversion closings are an example of successful public/private partnerships and interagency cooperation, and this deal brought together Invest Atlanta and the Georgia Department of Community Affairs with Atlanta Housing and its development partner, Columbia Residential, LLC,” said Eugene E. Jones, Jr., president and CEO of Atlanta Housing in a statement. “Atlanta Housing’s talented team members from Real Estate Services & Oversight, Office of General Counsel, Real Estate Transactions Management & Capital Markets, Finance, and Construction and Facilities Management worked tirelessly to make this transaction a reality.”
Key details of the transaction include:
The renovated highrise will be named after James Allen Jr., the late former AH Board Commissioner and longtime AH employee.
AH, which formerly owned both the land and Hightower Manor building, retains ownership of the land. The new owner of the building and ground lessee of the land is Hightower Manor Redevelopment, L.P.
The General Partner is Columbia Hightower Manor Partners, LLC. Atlanta Affordable Housing for the Future, Inc., an AH affiliate, is a 25 percent member of the General Partner and will receive 25 percent of the net cash flow distributable to the General Partner. The other member of the General Partner is New Columbia Residential, LLC (75 percent).
AH will continue to control the site by virtue of its ownership of the land which is now subject to a ground lease, which expires March 10, 2087.
All of the development’s 129 units are tax credit units. AH will provide subsidy to all of these units pursuant to the HUD RAD conversion of the Project Based Voucher Housing Assistance Payments contract.
Tax-exempt bonds were issued by Urban Residential Finance Authority (URFA) in the amounts of $12,800,000 (Series A) and $6,400,000 (Series B) and state and federal tax credit equity in the amount of $23,433,654 was provided by Wells Fargo, with proceeds used to pay building acquisition, rehabilitation and project costs.
Wells Fargo provided a 1st Priority Freddie TEL in the amount of $4,000,000 with a 15-year term.
AH provided two loans: a 2nd Priority Capital Loan and a 3rd Priority Purchase Money Loan. The 2nd Priority Capital Loan is $2 million, with a loan term of 37 years with an annual interest rate of 0.5 percent.
The 3rd Priority Purchase Money Loan is $6.4 million with a loan term of 37 years. This loan is evidenced by a Series B bond note. AH will be the holder/owner of the Series B bond note.
AH received $84,000 in construction/permanent loan financing fees and received $30,600 in construction inspection fees at closing. The outstanding predevelopment loan balance of $390,250 was also repaid at closing.
In addition, AH will receive payments equal to 1 percent of gross rental income collected for its asset management services fee and 25 percent of the Developer’s net developer fee for its co-developer fee.
[post_title] => Atlanta Housing Closes on Major Renovation of Former Hightower Manor
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A groundbreaking was held on November 30, 2021 for the historic Oakland Cemetery Bell Tower. Click on the below link for the Channel 2 Action News coverage.
Clifford “T.I.” Harristook to Instagram on Oct. 25 and shared a video of a housing development project that he is involved in Atlanta.
The affordable housing community is being built at a site on Atlanta’s west side along the former Bankhead Highway, the main artery in the neighborhood the rapper grew up in and a street he has immortalized in his music. The current project is going up where a dilapidated Kmart and grocery store once stood. T.I. bought to the property to redevelop it and later sold it in 2019 to Missouri developer Vecino Group.
Atlanta Business Chronicle, which first reported on the sale in September 2019, wrote then that T.I.’s representatives said the 7-acre site was to be developed by a partnership of Vecino Group and the rapper. In April, a Vecino Group secured $11 million in finances for Intrada Westside, the name of the development.
According to What Now Atlanta, the project is a 143-unit mixed income-affordable housing establishment. Intrada Westside, located at 2174 Donald Lee Hollowell Parkway, was under construction at the time and scheduled to take 18 months to complete. Donald Lee Hollowell was a famed Atlanta civil rights attorney who was honored by Bankhead Highway being renamed for him in 1998.
Plans for the development included having 69-one bedrooms unit, 49-two bedroom units, and 25-three bedroom units. Although the extent of T.I.’s involvement with the project is unclear, he clearly is proud of the progress.
In the Instagram post captioned “BANKHEAAAD” T.I. is seen driving into the construction site while providing details about the project. The “Live Your Life” emcee informed his followers that the development is about 40 percent complete.
He said while mentioning the estimated completion date is set for “sometime next year,” “Checking on my development here on Bankhead man. Right here used to be the old Kmart Giant Food. Now we got affordable housing. 143 units going up mixed-used community…We’re about 40% done. We’re supposed to be done sometime next year.”
T.I. visiting the construction site of the housing development project he is allegedly a part of. Photo:@trouble man31/Instagram
In addition to 143 units, T.I. shared that the location will also have “community centers, a greenhouse, and a community garden.” The 41-year-old wrapped up the video by stating that his work for the community speaks for itself despite the negative media attention he and his wife have been receiving in recent months.
“I got love for everybody over here, but if anybody got anything to say about me s–t man don’t look at me, look at my work. Don’t look at me look at my work. Look at my moves, s–t we can kill all the cap.”
T.I.’s negative media attention stemmed from the sexual abuse allegations, which included the rapper and his wife Tameka “Tiny” Harris allegedly drugging numerous women for the intention of participating in sexual activities while also allegedly running a sex ring.
These allegations began to surface earlier this year after Sabrina Peterson, a former associate, took to social media and accused the rapper of holding her at gunpoint at a children’s party and shared alleged victims’ stories about their encounters with the couple.
“Boss moves. Buy back the block”
“Love to see it.”
“Outstanding…we need to see MORE of THIS.”
“If let the people talk while you handle your business” were a couple. Bravo!!”
[post_title] => ‘Love to See It’: T.I. Receives Praise from Fans After He Reveals His Involvement with This Atlanta Housing Development Project
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Multifamily build in Loring Heights would include live-work units, per filings
SEPTEMBER 09, 2021, 1:19PM JOSH GREEN
A large infill project near Atlantic Station that’s been percolating for two years appears to be making strides toward construction, continuing a residential boom west of Midtown.
Renderings obtained by Urbanize Atlanta show developer Middle Street Partners has heavily revised designs for a Loring Heights project that would claim an empty parcel at 400 Bishop Street. The plans were submitted to the city for review in July.
Those filings indicate that Middle Street aims to build elevations up to 10 stories and switch the 1.4-acre site’s zoning from heavy industrial to mixed residential and commercial.
Several outdoor amenities areas would extend from the wedge-shaped building’s north and east faces, and units along Bishop Street at ground level would function as live-work properties, according to the plans.
The 400 Bishop Street site in February, with Atlantic Station's tallest buildings and Midtown in the background.
Plans that emerged in 2019 by another development group, Track West Partners, called for 130,000 square feet of creative offices above retail in a shorter building. Other concepts have called for just 26,000 square feet of offices in four stories, with a “post-COVID-era wellness plan.”
Middle Street Partners reps haven’t responded to inquiries this week. But according to filings earlier this year, the developer plans to build 278 apartments at the site and deliver them by March 2024, as What Now Atlanta reported in May.
Situated next to active Norfolk Southern railroad lines, the apartments would range from one to three bedrooms, with market-rate rents between roughly $1,500 (670 square feet) up to $3,000 (1,450 square feet) monthly.
The vacant site is just north of Atlantic Station’s Target. It’s within a few blocks of several hundred multifamily units that have opened in the past two years at projects along the Howell Mill Road corridor, such as The Interlock and Star Metals.
Elsewhere in Atlanta, Charleston-based Middle Street Partners is under construction on a mixed-use venture fronting the BeltLine’s Southside Trail corridor.
The company is also planning two Midtown towers, rising 40 and 32 stories, on the site of longstanding establishments Einstein’s and Joe’s On Juniper.
Atlanta is rapidly growing, with more jobs flowing into the city and new residential and commercial properties in development to meet the increasing demand. In fact, metro-Atlanta is currently the fourth fastest-growing metropolitan in America according to U.S. Census Bureau data.
While growth brings new promise and welcomed progress to the metropolitan, it also raises concerns for the displacement of low-income residents who would no longer be able to afford to live, work, and thrive in the burgeoning city. As a part of our mission, preserving and protecting affordable housing is a top priority for Atlanta Housing. In May of 2021, Atlanta Housing took a momentous step toward that mission with the groundbreaking of London Townhomes. In partnership with The Benoit Group and Invest Atlanta, the London Townhomes complex will preserve and renovate nearly 200 units, aiding our affordability efforts.
On the brink of foreclosure, London Townhomes was rescued when The Benoit Group stepped in and purchased the delinquent note. Benoit then engaged Atlanta Housing and Invest Atlanta to map out the plan to finance the redevelopment and subsidize rents in the community.
“Without this deal, almost 200 affordable housing units would have undoubtedly been lost and redeveloped as market rent apartments, said Eugene Jones Jr., CEO of Atlanta Housing. “Atlanta Housing is not only proud to help save this development but to renovate and improve it for current and future residents.”
The $40 million renovation will include an updated infrastructure, energy-efficient appliances, and inviting outdoor living spaces. In addition, there will be new amenities around the property, including a fitness center, a clubroom, and a media center.
Located in Atlanta’s Westside, London Townhomes is housed in the area projected to be the target for major development in the upcoming years. For example, The Atlanta Journal Constitution reports Microsoft has plans to execute an extensive expansion in Atlanta, adding two regional data centers in the Westside, which could attract thousands of high-earning residents and raise the cost of living in the revitalized region as a result. With London Townhomes remaining affordable, tenants will be able to reap the benefits of a booming local economy with the solace that their rent is guaranteed to never exceed 30 percent of their monthly income.
“[London Townhomes] will offer a significantly improved housing lifestyle option for the residents and will also stimulate new development activity in this designated opportunity zone,” said Eddy Benoit Jr., The Benoit Group’s CEO.
Thanks to our partners, we are able to continue to make strides to preserve and protect affordable housing, ensuring that as our great city grows its residents of all income levels can enjoy its new amenities and vibrant culture.
A planned seven-story office project at 400 Bishop St. has given way to plans for a 278-unit market-rate apartment project
Rendering: Official | A rendering of earlier plans for a creative office development at 400 Bishop
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.
[post_title] => Atlantic Station Area Office Project Plans Give Way To 278-Unit Multifamily Proposal
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Developer Middle Street Partners has commenced construction for the project's parking component
Construction is underway near the Southside Trail of the Atlanta Beltline at 1015 Boulevard SE in Grant Park, where developer Middle Street Partners is moving forward on plans to build its 323-unit Beltline & Boulevard mixed-use project. A consultant for the company filed for permits last month to begin construction on the project’s two-level underground parking component.
Plans at the site, which is near the southern tip of Grant Park just south of Mead Street and Boulevard, call for a six-story residential building with 6,000 square feet of ground-level commercial space. Of the project’s 323 units, 48 apartments, or about 15 percent, will be set aside for households at incomes 80 percent of area median income or less, per Atlanta’s inclusionary zoning requirements.
Based in Charleston, South Carolina, Middle Street Partners will equip the residential portion of the project with rooftop terraces as well as balconies. The project will provide 357 parking spaces in all.
The Confluence Trail Pedestrian Bridge is part of South Fork Conservancy's current expansion plans.
ATLANTA (CBS46)-- A massive pedestrian bridge will be installed today in Atlanta.
The years-long, $2.5 million project is part of an initiative by the South Fork Conservancy, a nonprofit that works to conserve the South Fork of Peachtree Creek and connect people to their local green spaces.
Measuring 175 feet long and 65,500 pounds, the bridge will help connect neighborhoods near Armand Park to three regional trails-- PATH400, and eventually the Atlanta BeltLine and Peachtree Creek Greenway.
One of the largest cranes in North America is scheduled to install the bridge on Friday.
ATLANTA — 12 years a vision, 4 years of fundraising and months of construction … it’s all happening today.
One of the largest cranes in North America will lift a 175-foot pedestrian bridge at the end of Adina Drive off Lindbergh in Atlanta this morning.
The bridge will connect nature lovers to dozens of acres of green space.
“It’s going to connect miles of south conservative natural trails, it’s going to give people direct access to 25 acres of restored green space, we have beautiful rain gardens over there for folks to access as well,” said South Fork Conservancy’s executive director Kimberly Estep.
The $2.5 million, 65,000-pound bridge was constructed by South Fork conservancy. It has an ADA accessible ramp, stretches as long as a football field and the highest point is just short of 12 feet
“It’s just a chance for people who live in a highly-urbanized environment to reach out in their own backyard and have access to nature because the creek is there, the green space is there. People just don’t have a way to access it right now,” Estep said.
Estep said this is also important for the wider trail network in Atlanta.
“Right here is where the Path 400, which goes all the way through Buckhead, is coming, a connector to the Atlanta BeltLine, our own trails and eventually a connection to the Peachtree Creek trails greenway,” Estep said.
The bridge will be lifted around 8 a.m.
[post_title] => One of the largest cranes in the country to install new pedestrian bridge in Atlanta
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JMW's Wheat Street Tower received AGC Build Georgia Awards First Place. Although the conference itself was cancelled due to COVID-19, JMW is honored and very proud of this acknowledgement.
Atlanta, GA — South Fork Conservancy will break ground on the Confluence Bridge on Friday, May 8, a press release said. The $2.5 million project will provide a pedestrian connection to trails along the South and North forks of Peachtree Creek. It will also provide access to acres of new greenspace in an urban community ranked as a “High Need” area for park access by the Trust for Public Land.
“This is an impressive project which will connect 25 acres of new greenspace to one of the most park-deprived areas of the city. Having easy access to local greenspace is critical now more than ever, and this bridge, made possibly by South Fork Conservancy, will deliver nature trails and creek views to thousands of people,” Atlanta City Councilmember Jennifer Ide said in the press release.
The bridge will be built northwest of I-85 between Piedmont Road and Lindbergh Drive, the press release says.
“In addition to connecting nearby neighborhoods to trails and parkland, it will also provide linkages to three regional trails — PATH400 and eventually, the Atlanta BeltLine and Peachtree Greenway,” the press release says.
The pedestrian bridge is 175 feet long and includes an ADA accessible ramp. It’s 12-feet tall at its highest point and made from Corteen steel and concrete decking. A huge crane will be needed to lift into place.
Construction of the Confluence Bridge is expected to be completed by fall 2020.
“This is one of the most ambitious projects our organization has ever supported,” Park Pride Executive Director Michael Halicki said in a press release. “South Fork Conservancy is blazing new trails and taking a bold step with this pedestrian bridge to connect Atlantans to more greenspaces and natural waterways.”
Sales director: “The timing is right for J5 in Midtown”By Josh Green@JoshGreen1234 Mar 26, 2020, 3:38pm EDT
A grassy amenities level at J5—one rendering recirculated this week as part of a marketing push.
For the past five years, various incarnations of a block-long multifamily project with eye-catching, stair-stepped designs have been percolating on Midtown’s Juniper Street, between 4th and 5th streets.
Over time, and under new developers, the project evolved into the subdistrict’s largest condo venture to launch since the Great Recession, and the name was changed to simply J5, a reflection of the address.
This week, amid a citywide shutdown and so much economic uncertainty, marketing officials announced that J5’s luxury condo options are officially complete, with closings still slated for next month.
“The timing is right for J5 in Midtown,” Pauline Miller, Compass Development Marketing Group’s managing director, said in statement to Curbed Atlanta. “Through many years working in real estate, one basic remains true in any market: location, location, location.”
The six-story building by Dezhu US is offering 150 condos total, each with outdoor space.
The Juniper Street facade, with coved balconies.
New options without pending contracts begin at $555,000 for a one-bedroom with unspecified square footage and $351 monthly HOA fees.
The priciest J5 offerings right now cost $975,000 (HOA fees: $572). Those have two bedrooms and two bathrooms in 1,634 square feet.
Billed as an alternative to so much high-rise condo living in the area, the building has built-in green spaces, a rooftop “sunset lounge,” 24-hour security, and even two boardrooms with AV equipment.
Beyond J5, hundreds of for-sale Midtown units are in various phases of planning and construction at several boutique ventures and two main projects: No2 Opus Place (now beginning in the high $600,000s), and Selig Enterprises’s 64-unit 40 West 12th tower (from the high $500,000s).
Elsewhere, smaller Midtown projects such as the 45-unit One Museum Place have delivered in recent years.
The building’s pool courtyard includes an outdoor summer kitchen.An amenities lounge accessed via a roll-up garage door.Communal gym.
Sample interior images provided by J5’s marketing team this week:
The building’s unique stair-stepped, east-facing exterior with coves for amenities.
[post_title] => Amid uncertain market, Midtown’s largest new condo building announces completion
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J.M. Wilkerson Construction completed the renovation of 76 Forsyth Parking Deck in January 2020. On page 7 of CAP 2019 Recap Magazine, the deck is featured. ATL-inspired mural artist Neka King (for Living Walls x Orange Barrel Media) installed a vibrant mural on the garage at 76 Forsyth Street, giving a breath of fresh air to the area.
Rendering of a courtyard at what could become Atlanta’s first large-scale, co-living development.
Atlanta’s largest offering of what project leaders call an innovative approach to affordable housing is on the way to the city’s southside, more specifically in the Beltline Overlay District.
Located at 577 Englewood Avenue in Chosewood Park, the proposed co-living building could include 345 beds in suites, along with furnished shared lounges and kitchens, a club room, a swimming pool, a fitness room, and co-working space.
The site neighbors Boulevard Crossing Park, which Atlanta Beltline Inc. leaders are gearing up to expand, and other investments moving forward in anticipation of the Southside Trail’s cachet, such as Pollack Shores Real Estate Group’s multi-building apartment venture with 319 Class A units.
It’s set to open in 2021, officials tell Curbed Atlanta.
The site (at bottom, along Boulevard) in relation to the Beltline corridor.
Rents for a bedroom in a co-living suite will start at $1,040 per month and will include utilities, furniture, weekly cleanings, “shared goods,” and community events.
“As more young professionals come to live and work in Atlanta, there’s a heightened demand for rental housing at an affordable price point,” Common founder and CEO Brad Hargreaves stated today in a press release.
Project leaders, he continued, are “grateful to the city’s economic development authority for its forward-thinking leadership in support of co-living as an affordable housing solution.”
A studio at Awethu House on Auburn Avenue, a much smaller intown initiative, represents co-living possibilities at the future Chosewood Park project.
That “forward-thinking leadership” came in the form of city approval to classify the development as affordable housing, Hargreaves said.
Through a partnership with Invest Atlanta, the city’s economic development arm, rents for 15 percent of the co-living beds will be capped at a rate that’s meant to be affordable for residents earning 80 percent of the Area Median Income, officials said.
Beyond the Chosewood Park venture, Common has ambitions to expand its co-living holdings in Atlanta.
The company hinted at plans earlier this year for up to 600 beds spread across neighborhoods from Reynoldstown to West End. However, that number has now been increased to 650 beds, including the Chosewood Park project.
Specific locations weren’t identified.
In terms of Atlanta co-living options, Common’s developments would join Awethu House on Auburn Avenue downtown, which offers seven units rented at $1,200 monthly and under.
Ten Park East will now feature 10 full-floor residences and $2M prices, project leaders say
Old Fourth Ward luxury condo tower between Beltline, park moves forward3
How Old Fourth Ward’s first new condo tower in recent years could take shape.
Planned across from Historic Fourth Ward Park at 690 Angier Avenue N.E., a rare new condo stack near the Beltline called Ten Park East is inching closer to reality.
First reported last June, the controversial original proposal by Live Oak Realty Investments called for a 21-story luxury condo tower on a small lot. However, revised plans indicate a smaller incarnation is in the works.
Planned are 10 residences, one per floor, each with three bedrooms and four bathrooms.
Allen Snow of Atlanta Fine Homes Sotheby’s International Realty, the tower’s listing agent, said each residence will be approximately 3,457 square feet with a private terrace of approximately 475 square feet.
Although not officially on the market yet, pricing actually starts at $2.1 million (contrary to a promotional website’s numbers), he stated. No word yet on HOA fees, as those are expected to be finalized in the next two to three months, per Snow.
A bird’s-eye view provides a peek at the rooftop plunge pool.
Residences will be outfitted with 10-foot ceilings, hardwood floors, floor-to-ceiling windows in the main living area, smart technology, and a chef’s kitchen with Viking and/or Sub-Zero appliances, wine storage, and quartz countertops.
On the first two floors of the tower will be a fitness center, a boardroom and micro offices, and bike storage. Atop the tower, a rooftop SkyPark will include an outdoor lounge, kitchen, gardens, dog park, and plunge pool, according to development plans.
Parking will be available onsite using secure robotic parking, an automated parking system that moves cars throughout the parking deck as needed, officials say. A similar concept was once pitched for a downtown high-rise called Aquarius, which never launched.
The latest rendition of Ten Park East was designed by Brock Hudgins Architects, and it’s expected to be built by J.M. Wilkerson. Completion is slated for fall 2020.
J.M. Wilkerson Construction's Studioplex Commercial Podium received 1st place honors at this year's AGC Conference, which took place on June 8, 2019 in Hilton Head, SC. The team overcame many obstacles to make this project a success. Well done JMW team!
[post_title] => 2019 AGC Conference
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[post_content] => This past week was the 2019 Georgia Affordable Housing Conference in Savannah, GA. This was the 22nd Annual Conference and Trade Show of the Georgia Affordable Housing Coalition. It took place at the Westin Savannah Harbor Golf Resort and Spa included panel discussions designed for development, construction and management / compliance professionals. For those of you who stopped by our Networking Happy Hour, it was wonderful to see you! We look forward to this exciting event in 2020!
[post_title] => 2019 Georgia Affordable Housing Conference
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In Midtown, new flyover video shows forthcoming condo project in technicolor
Neighborhood’s largest condo venture since the Great Recession is eyeing spring debut
Since 2015, a block-long multifamily project promising an eye-catching, stair-stepped design has been percolating on Midtown’s Juniper Street, between 4th and 5th streets.
Over time, and under new developers, the project has evolved into the subdistrict’s largest condo venture to launch vertical construction since the Great Recession. The name was changed to simply J5, a reflection of the address.
Officials with developer Brightstar, which is partnering with Dezhu US, recently announced that the luxury condo project will be finished in the spring. It’ll max out at six stories and offer 150 for-sale units.
“The timing is right for J5 in Midtown,” Pauline Miller, Brightstar president, said in a press release.
Among the planned amenities is something new: two boardrooms with full AV equipment for meetings or homeowners who work from home, officials noted.
Beyond that, expect an elevated green space and pool courtyard with summer kitchen, a club room, 24-hour security, and a “sunset lounge” at the top level.
Developers also pointed to planned infrastructure improvements on the Juniper Street corridor that “will amplify livability through added bikeways and pedestrian amenities,” per the release.
J5 will serve up one, two, and even three bedroom condos. The least expensive homes will now begin in the low $600,000s, officials said.
We’ve asked for floorplans and pricing for larger units and will update this story with any materials that come.
Beyond J5, hundreds of for-sale units are in various phases of planning and construction at several boutique ventures and two main Midtown proposals: No2 Opus Place (now beginning in the $400,000s), and Selig Enterprises’s West Peachtree Street development (from $500,000s).
Elsewhere, smaller Midtown projects such as the 45-unit One Museum Place have delivered.
The Benoit Group’s 180-unit Bethel Towers Apartments will undergo major renovations and share ownership with a local church congregation.
OCT022018
By Holly Dutton
The Benoit Group has secured a $14.9 million HUD loan to rehabilitate and permanently finance Bethel Towers Apartments, a 180-unit affordable rental community in Atlanta. The company is partnering with Big Bethel AME Church to renovate the property in accordance with Georgia Department of Community Affairs’ architectural and rehabilitation standards.
The 16-story community in the Sweet Auburn neighborhood of Atlanta was built in 1972 by Big Bethel AME Church, one of the oldest African-American congregations in Georgia. The church will share ownership of the newly renovated Bethel Towers Apartments with The Benoit Group.
Capital One Multifamily Finance Senior Vice President Carolyn Whatley originated the transaction, a fixed-rate loan with a 40-year term. This marks the fourth transaction Capital One has closed with The Benoit Group.
“Capital One’s expertise in maneuvering through the intricate details of the Bethel Towers transaction made their partnership essential and invaluable,” said Eddy Benoit, Jr., president and CEO of The Benoit Group.
The rehabilitation will include replacing many of the major systems, including electrical wiring and plumbing risers, creating accessible units, upgrading kitchens, baths and replacing flooring, renovating the lobby and adding a fitness center.
Last year, Capital One provided a $14.4 million HUD 221 fixed-rate construction and permanent loan for Sterling at Candler Village, a 170-unit affordable senior housing community in Decatur, Ga.
'JUNIPER AND 5TH' CONDO MID-RISE UNVEILS OFFICIAL 'J5' NAME, BRANDING
The 150-unit project has broken ground, is accepting contracts in July.
An industry unveiling event Tuesday night was held in Midtown for J5, "the first new luxury condominium of its kind in over a decade."
In attendance were residential brokers, realtors, project officials, and invited guests.
Prior to the unveiling, J5 was simply referred to as "Juniper and 5th," after the intersection where the condo mid-rise will be situated.
Developer Dezhu US recently broke ground on the 150-unit condo building and will start accepting contracts in July 2018, according to a company spokesperson.
An estimated completion is set for fall 2019.
J5 will offer one bedroom condos from the 300s to 400s and two bedrooms from the 500s to 800s.
KW | Brightstar is overseeing the project's sales and marketing.
Amenities include a pool, "gardens," 24-hour concierge, fitness, and conference rooms.
Industry insiders at Tuesday's unveiling, when unofficially surveyed by What Now Atlanta, were generally optimistic about the project, citing a need for condos in the area.
A little further north, the impressive 53-story No2 Opus Place condo tower is forging forward, but the nearby Eviva on Peachtree project has been abandoned.
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J.M. Wilkerson Construction had three projects honored at this year's 2018 AGC Conference, which took place on June 9, 2018 in Sandestin, FL. All three projects received first place Build GA awards in their respective categories. The winners included:
Juniper & 10th High-rise Renovation (Atlanta, GA)
Studioplex Parking Deck (Atlanta, GA)
Lake Blackshear Renovations (Cordele, GA)
Congratulations on all the hard work JMW team!!
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Mayor, community partners celebrate Tenth and Juniper apartments reopening with ribbon cutting ceremony
June 11, 2018
By Natrawn Maxwell, Ila Wilborn and Daja Henry | DTU Fellows
In a neighborhood that has undergone significant changes over the last few years, one of the few affordable housing options in Midtown Atlanta has now reopened, following a number renovations that shuttered its doors in January 2017 and forced its residents to be temporarily relocated.
Atlanta Mayor Keisha Lance Bottoms, with executives from the Atlanta Housing Authority, Wells Fargo Bank, and Columbia Residential, celebrated the grand re-opening of the Juniper and 10th Street apartment community. The building provides housing for low-income seniors and those with disabilities.
In addition to remarks from Bottoms, the ceremony featured a ribbon cutting as well as guided tours of the renovated common areas. Funded via a partnership of Wells Fargo, Sugar Creek Capital, and the AHA, the renovation plans also included a new workout facility, business center, upgraded laundry options, an exam room, living room, recycling center, covered terrace, and an outdoor patio.
Almost 40 percent of residents who had to move out when construction kicked off is returning to the building. That’s “nearly three times the national average” of people who get to come back after being displaced by similar construction, according to a press release distributed by the developer. Of the 149 units in the apartment building, 39 are currently occupied by original residents of the building.
Betty Turner moved into the 10th and Juniper building shortly before the renovations were set to begin. At 62 years old, Turner lost all three jobs she was working at the time but was referred to 10th and Juniper by an old friend.
“I love it!” she said. “I couldn’t afford to live in this area otherwise. We’re in walking distance of the High Museum [of Art], the Botanical Gardens, Piedmont Park, Margaret Mitchell House, [and] the Federal Building, where I love to go and just look at the money.”
The housing of senior citizens and their inclusion in the rapidly redeveloping Midtown neighborhood is integral to Mayor Bottoms’ vision of the city.
“I want to make sure that Atlanta is one Atlanta, and that the prosperity that we are seeing, especially in Midtown, is felt throughout all of our communities,” Bottoms said in her remarks.
Eric Bradford lives in the building with his partner Ruben Brown. Like Betty Turner, the couple is excited about the new development. Bradford said the building “looks like it belongs in Midtown.”
According to Brandon Riddick-Seals, president and CEO of the Atlanta Housing Authority, the organization serves over 22,000 people, making it one of the nation’s largest public housing authorities.
“Seniors make up approximately 25 percent of the residents that we serve,” he said. “Because they are rapidly becoming one of the largest demographics in our city, it’s going to be very important that they have safe communities to live in, [and] that they have connectivity to the great areas of this town.”
Said Joseph Evans III, Columbia Residential’s project manager for real estate development, about Columbia Residential’s future plans, “We’re looking at (developing) another Avondale MARTA Station in Decatur. We have another (project) in Quest Commons, and other (projects) that we’re putting into the cycle.”
The tower’s primped new look, between Peachtree Street and Piedmont Park.Columbia Residential
After a brief hiatus from their affordable Midtown homes, residents of a high-rise at 10th and Juniper streets are moving back into spruced-up digs.
In 2015, the Atlanta Housing Authority teamed with developer Columbia Residential as part of an effort to renovate the Midtown apartment tower—built in 1974—to accommodate low-income seniors and people with disabilities.
But on June 6, Columbia Residential will host the official grand opening of Tenth & Juniper, and the developer is glad to report the place will still entirely consist of affordable options.
The freshened-up ground floor. Columbia Residential
Almost 40 percent of residents who had to move out when construction kicked off are returning to the building. That’s “nearly three times the national average” of people who get to come back after being displaced by similar construction, according to a press release distributed by the developer.
All of the residents were compensated for the cost of housing inconveniences (fees associated with dining and temporary lodging), and they were all invited to come back once renovations were complete, officials noted.
Of the 149 units in the apartment stack, 30 are earmarked for households that make 50 percent of the area median income. And 119 are reserved for families bringing in 60 percent of the AMI.
A kitchen at Tenth & Juniper Columbia Residential
This renovation project, funded via a partnership of Wells Fargo, Sugar Creek Capital, and the AHA, has brought a new workout facility, business center, upgraded laundry options, an exam room, living room, recycling center, covered terrace, and an outdoor patio.
The view from the front patio. Columbia Residential
The work of Surber Barber Choate + Hertlein Architects, Long Engineering, and J.M. Wilkerson Construction Co., the housing block also underwent upgrades to its exterior, plumbing system, and electrical wiring, and it gained two new elevators and some windows, among other things. Here is a reliable plumbing contractor in Vancouver that you can trust with your issues. Here are More hints to get plumbing services.
Perhaps this can serve as an example that redevelopment doesn’t have to equal displacement in Atlanta.
The building in 2014.
[post_title] => Affordable high-rise in Midtown set for June grand (re)opening
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Dated Sweet Auburn housing tower is undergoing much-needed rehab
$24 million upgrade is transforming Wheat Street Towers, an option for low-income seniors
By Michael Kahn
At the heart of Sweet Auburn, along the Auburn Avenue streetcar line, a dated 14-story housing tower is in the midst of a major overhaul.
Located across the street from the Historic Ebeneezer Baptist Church sanctuary, Wheat Street Towers is getting a much-needed $24 million upgrade.
The structure is the nation’s first federally funded, church-sponsored affordable senior high-rise, providing 210 units for low-income seniors.
Supported by Invest Atlanta and HUD, the project was first announced last summer. Now, the recladding of the structure is well underway. Plans call for the units to become “state-of-the-art” rentals, providing “postcard picturesque” views of the city.
Work on the tower upgrade is expected to finish this fall.
Once the overhaul is complete, plans call for phase two to include new development, including market rate and affordable offerings, as well as retail spaces.
Wheat Street Towers aren’t the only intown affordable housing option for seniors that have benefited from recent investment.
WHEAT STREET TOWER IN ATLANTA, GA CELEBRATES GROUND BREAKING
August 17, 2017
NDC joined partners to celebrate the Ground Breaking of a $26 million renovation of an existing senior living community.
Originally built in 1972, Wheat Street Towers is a 208-unit rehabilitation of an existing senior rental project located east of downtown Atlanta, GA.
[post_title] => WHEAT STREET TOWER IN ATLANTA, GA CELEBRATES GROUND BREAKING
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[post_content] => J.M. Wilkerson Construction joined our other partners on Thursday, August 17 to celebrate the Ground Breaking of the $26 million Wheat Street Towers renovation. The Towers are an existing senior living community located on the historic Auburn Avenue in Atlanta, GA.
This ceremony included speeches from Sharon Guest, The Benoit Group, Rev. Dr. Ralph Basui Watkins, Wheat Street Baptist Church, Eric Borders, Wheat Street Charitable Foundation, Eddy Benoit, The Benoit Group, Ruben Brooks, HUD, Kwanza Hall, District 2 Councilman and Caesar Mitchell, President of the Atlanta City Council.
August 17, 2017
[post_title] => Wheat Street Towers Ground Breaking Ceremony
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Decatur, GA — The Decatur Housing Authority is working to close on the financing for an 80-unit senior affordable housing project being done in partnership with Columbia Residential.
The address of the project is 515 E. Freeman Street. The development will be located at the corner of Freeman and Sams Streets, near the Avondale MARTA station.
DHA Executive Director Doug Faust said the housing authority is trying to close on the project in about six weeks and begin construction soon. Once construction begins, Faust anticipates the project will be finished in about 18 months.
“It’s a very complex project,” Faust told Decaturish. “There are many layers of financing, including DeKalb County community development through the HOME program, [Department of Community Affairs] funding from the HOME program, DCA tax credits, a construction loan from a bank, so there’s a lot of players, and a lot of pieces. Plus, we’re in an environment where construction prices have accelerated at phenomenal rates. We’re trying to pull all that together and make it happen.”
The Decatur City Commission authorized the city manager to execute an updated commitment letter for a tax allocation district grant during its Aug. 7 regular meeting.
In May 2021, the City Commission provided Columbia Residential and the Decatur Housing Authority with about $438,000 in grant funds to the tax allocation district to cover the infrastructure costs supporting the affordable housing development. The city’s funding was conditional and based upon the developer producing the project and receiving the low-income housing tax credits. The total project cost is estimated to be over $21 million.
In 2021, the Decatur Housing Authority, in partnership with Columbia Residential, was awarded a 9% low-income housing tax credit allocation from the Georgia Department of Community Affairs to provide funding for the development of phase II of Columbia Senior Residences at Decatur East.
In September 2022, the city commission amended the grant to award it directly to the DHA instead of Decatur East Phase II, LP. This commitment expired in December 2022. DHA has received the low-income housing tax credits, but the closing financing was delayed, City Manager Arnold wrote in a memo.
The commitment letter was extended through Dec. 31, 2023.
Columbia Residential completed Phase I in 2018, which was a 92-unit mixed-income senior community located at 590 E. Freeman Street. The developers are now working on Phase II of that project, and all units will be for seniors aged 62 and older.
“This is planned to be an 80-unit senior community, with 70 of those units restricted as affordable, and that’s at 50% or 60% of the area median income. In addition, there’s 24 project-based vouchers that will help support lower-income residents to reside here,” said Christina Davis, development manager with Columbia Residential, at the Nov. 15, 2021, Decatur City Commission meeting.
The project-based vouchers will come from the Decatur Housing Authority.
The development is the first project to receive support from the city’s East Decatur tax allocation district, a financing mechanism for infrastructure and other public improvements using revenues from the enhanced property tax values from the new development.
“The City of Decatur is pleased to support Columbia Residential and the Decatur Housing Authority’s new senior development at Decatur East,” Mayor Patti Garrett previously said. “It is fitting that this will be the first project to receive funding from the City’s East Decatur Tax Allocation District because the project aligns well with the community’s goals for more affordable and sustainable housing.”
Faust previously said the funding award is a tremendous achievement and asset for the city and its senior residents.
“Decatur East Phase II is an excellent example of how affordable housing should be designed to meet the unique needs of seniors in a vibrant, healthy community that supports growth and economic development,” Faust said.
Additional gap financing for both phases of Decatur East senior housing was provided by DeKalb County Department of Community Development HOME funds, including a $1.6 million secondary mortgage for Phase II.
Decatur, GA — The Decatur Housing Authority is working to close on the financing for an 80-unit senior affordable housing project being done in partnership with Columbia Residential. The address of the project is 515 E. Freeman Street. The development will be located at the corner of Freeman and Sams Streets, near the Avondale MARTA station. […]
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WHEAT STREET TOWER IN ATLANTA, GA CELEBRATES GROUND BREAKING August 17, 2017 NDC joined partners to celebrate the Ground Breaking of a $26 million renovation of an existing senior living community. Originally built in 1972, Wheat Street Towers is a 208-unit rehabilitation of an existing senior rental project located east of downtown Atlanta, GA.
J.M. Wilkerson Construction joined our other partners on Thursday, August 17 to celebrate the Ground Breaking of the $26 million Wheat Street Towers renovation. The Towers are an existing senior living community located on the historic Auburn Avenue in Atlanta, GA. This ceremony included speeches from Sharon Guest, The Benoit Group, Rev. Dr. Ralph Basui […]