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		<title>Atlanta Venture to Sprout in &#8220;Dead Zone&#8221;</title>
		<link>https://vrjproperties.com/atlanta-venture-to-sprout-in-dead-zone/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 27 Mar 2024 16:15:08 +0000</pubDate>
				<category><![CDATA[Multi-Tenant]]></category>
		<category><![CDATA[Multifamily]]></category>
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					<description><![CDATA[<p>Gorman and Company has released more information about its development activity in the Sweet Auburn district of Atlanta. The Invest Atlanta Board of Directors approved a Housing Opportunity Bond up to $3 million to help move construction forward. Both phases...</p>
<p>The post <a href="https://vrjproperties.com/atlanta-venture-to-sprout-in-dead-zone/">Atlanta Venture to Sprout in &#8220;Dead Zone&#8221;</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="9b8c5aad-d34e-4066-b13a-d432270e4ae5"><strong>Gorman and Company</strong> has released more information about its development activity in the Sweet Auburn district of Atlanta. The Invest Atlanta Board of Directors approved a Housing Opportunity Bond up to $3 million to help move construction forward. Both phases of Sweet Auburn Grande are expected to cost over $74 million. Urbanize Atlanta reports the project hopes to enliven what’s currently a dead zone of boarded-up, historically significant buildings and surface parking lots.</p>
<p data-beyondwords-marker="4970be87-6595-4c98-ba8f-afe2db09256e">For phase one, revised Sweet Auburn Grande plans call for building 109 multifamily residences along Auburn Avenue. Roughly 11,500 square feet of commercial space at street level would also be included. Half will be for tenants earning 50% of the area’s median income. That phase is scheduled to start construction in late July and cost roughly $56 million. The apartments and retail are expected to open in July 2026.</p>
<p data-beyondwords-marker="6345a644-23c2-42ae-b320-1de7f7925043">The project’s second phase calls for restoring two more historic structures. Development costs are expected to come in at around $18 million.  </p>
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<br /><a href="https://www.connectcre.com/stories/atlanta-venture-to-sprout-in-dead-zone/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/atlanta-venture-to-sprout-in-dead-zone/">Atlanta Venture to Sprout in &#8220;Dead Zone&#8221;</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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