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	<title>Pennrose Archives - VRJ Properties</title>
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	<title>Pennrose Archives - VRJ Properties</title>
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		<title>Pennrose, Mercy Care Create Health-Centered Rental Community</title>
		<link>https://vrjproperties.com/pennrose-mercy-care-create-health-centered-rental-community/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 14:25:42 +0000</pubDate>
				<category><![CDATA[BTR]]></category>
		<category><![CDATA[Medical]]></category>
		<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[Care]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Community]]></category>
		<category><![CDATA[Create]]></category>
		<category><![CDATA[HealthCentered]]></category>
		<category><![CDATA[Mercy]]></category>
		<category><![CDATA[Pennrose]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Rental]]></category>
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					<description><![CDATA[<p>Pennrose and Mercy Care have worked out a plan where a portion of 170-units recently completed apartments will be set aside for transitional/respite units for nearby Mercy Care patients in Atlanta. In addition, all residents of McAuley Station will have...</p>
<p>The post <a href="https://vrjproperties.com/pennrose-mercy-care-create-health-centered-rental-community/">Pennrose, Mercy Care Create Health-Centered Rental Community</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="5872a7cd-0fd4-4c02-becb-986113b9b3f9"><strong>Pennrose</strong> and Mercy Care have worked out a plan where a portion of 170-units recently completed apartments will be set aside for transitional/respite units for nearby Mercy Care patients in Atlanta. In addition, all residents of McAuley Station will have direct access to Mercy Care medical center, which is adjacent to the apartments. The hospital group recently completed a 36,000 square foot expansion of the care center.</p>
<p data-beyondwords-marker="98577060-a2e7-462a-aebc-abf87582108c">Phase I includes studio, one-, and two-bedroom apartments for local families. The community is designed to serve a range of incomes, with a mix of workforce, affordable, and supportive housing units available at 30% to 80% of the Area Median Income (AMI). Besides the transitional units, 30 studios will serve as permanent supportive housing through Fulton County’s Behavioral Health Department in partnership with Partners for HOME. </p>
<p data-beyondwords-marker="6f46c1a3-d4c3-4a6f-a508-00cceb42644c">Residents will also have access to on-site community amenities, including a rooftop deck with scenic views of downtown Atlanta, bocce court, and grill station; inviting resident lounge and fitness center. </p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/pennrose-mercy-care-create-health-centered-rental-community/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/pennrose-mercy-care-create-health-centered-rental-community/">Pennrose, Mercy Care Create Health-Centered Rental Community</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<item>
		<title>Pennrose, Atlanta Housing Team Up on 201-Unit Mixed-Income Project</title>
		<link>https://vrjproperties.com/pennrose-atlanta-housing-team-up-on-201-unit-mixed-income-project/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Fri, 15 Mar 2024 16:34:28 +0000</pubDate>
				<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[201Unit]]></category>
		<category><![CDATA[Atlanta]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MixedIncome]]></category>
		<category><![CDATA[Pennrose]]></category>
		<category><![CDATA[Project]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Team]]></category>
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					<description><![CDATA[<p>Pennrose Development along with Atlanta Housing will soon begin work on the second phase of Herndon Square. The project will deliver another 170 units of affordable housing to the city and as well as 31 market rate units, located one...</p>
<p>The post <a href="https://vrjproperties.com/pennrose-atlanta-housing-team-up-on-201-unit-mixed-income-project/">Pennrose, Atlanta Housing Team Up on 201-Unit Mixed-Income Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
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<p data-beyondwords-marker="44fe15ef-6bee-429a-b65a-1dc0ce4db347"><strong>Pennrose Development </strong>along with Atlanta Housing will soon begin work on the second phase of Herndon Square. The project will deliver another 170 units of affordable housing to the city and as well as 31 market rate units, located one mile north of Mercedes-Benz Stadium. The project is slated to cost $112 million. 30% of the project was paid via a subsidy from Atlanta Housing. </p>
<p data-beyondwords-marker="cd371b6f-7d69-4446-85e4-18177507d064">Herndon Square Phase 2 will feature one-, two- and three-bedroom apartment units, about 85% of which will be priced at 30-80% of metro Atlanta’s area median income (AMI). The development is also slated to include an enclosed parking deck, wellness clinic and an interior courtyard and green space.</p>
<p data-beyondwords-marker="05f56460-caea-4192-bba9-df0fbd882334">A 10,000-square-foot commercial space is also planned for Phase 2. Phase 2 is scheduled to be completed in time to move in residents in the spring of 2026.  </p>
<p data-beyondwords-marker="bee54d95-49ca-42a9-9970-fa6bb73d400e">Pennrose develops and operates conventional, affordable, mixed-income, and mixed-use communities throughout the United States.</p>
</div>
<p><br />
<br /><a href="https://www.connectcre.com/stories/pennrose-atlanta-housing-team-up-on-201-unit-mixed-income-project/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/pennrose-atlanta-housing-team-up-on-201-unit-mixed-income-project/">Pennrose, Atlanta Housing Team Up on 201-Unit Mixed-Income Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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