Vanessa McCray, The Atlanta Journal-Constitution
Developers of a proposed $176 million building project want to attract a specific kind of tenant to downtown Atlanta: Educators.
“Teachers Village” is a 31-story, mixed-use development pitched for a prime address at 98 Cone Street, a block from Centennial Olympic Park.
Developers plan to market 229 of the 438 apartment units to Atlanta Public Schools employees, an effort district and city officials are lauding as a way to provide affordable and market-rate housing so teachers and other staffers can live closer to the schools where they work.
On Thursday, the city development agency Invest Atlanta approved $30 million in public financing incentives requested by RBH Group, LLC, which built similar projects in Newark, New Jersey, and Hartford, Connecticut.
The project is backed by APS officials, including Superintendent Lisa Herring and school board member Michelle Olympiadis, who also serves on the Invest Atlanta board.
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