Dyana Bagby, Atlanta Business Chronicle
A new mixed-use project would bring much needed low-cost housing to historic Sweet Auburn, an area waiting for years on meaningful revitalization.
The $25 million development of more than 70 apartments and a small grocery store would be built at the corner of Irwin and Grape streets close to the Martin Luther King Jr. National Historical Park and within walking distance of the Atlanta Beltline.
Mercy Housing Southeast and Historic District Development Corp. are partnering on the project in Sweet Auburn, a historic district within the Old Fourth Ward — one of the city’s priciest neighborhoods.
Rents are expected to range from $425 for a studio to nearly $1,700 for a three-bedroom. Plans are to have nine studio units, 35 one-bedroom units, 29 two-bedroom units and a few three-bedroom units. The 82,000-square-foot development would target households making between 40% to 80% of the average median income.
The project requires demolishing the 58-unit Henderson Place apartments where rents are already between $400-$500 per month, but the units are in serious disrepair.
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