General contractor Swinerton completed its sixth project with OneStreet Residential, HearthSide Riverdale. The demolition of the existing single-family homes on the 2.64-acre site in the South Atlanta suburb of Riverdale, Ga. is underway. The $16.4 million construction project is expected to be complete in early 2026. 

Located at 6795 Powers Street, HearthSide Riverdale includes 70 one- and two-bedroom apartment homes in a single-building community. With twelve units available at market rate, the remaining 58 are reserved as affordable housing for senior residents earning less than 60 percent of the area’s median income. The gated complex features a community room, laundry room, fitness center, garden beds and pet-friendly amenities. A 700-square foot bistro brings dining and hospitality amenities to the residents and the surrounding community. 

As the general contractor, Swinerton oversees the demolition, ground-up construction, finishings, landscaping and hardscaping. The multifamily development was designed by Boulder, Colo.-based DTJ Design. 

Space Craft and Swinerton are joining forces on Cordo, a 287-unit apartment project in the Optimist Park area of Charlotte. The project at 515 Parkwood Ave., will include eight buildings and nearly 3,000 square feet of ground-floor retail.

The Atlanta Business Chronicle reports the firms recently secured $94 million in financing for the project — a $69 million construction loan and $25 million in joint venture equity. A JLL capital market’s debt advisory team led by Travis Anderson arranged the loan through a Japanese lender. Space Craft acquired the 1.6-acre property in April 2022 for $6 million.

Amenities include a rooftop deck, private courtyard, electric bikes, fitness center, shared dining area and coworking space. Construction is slated to begin immediately and is expected to wrap up in late 2026. Swinerton Builders and Timberlab are the project’s general contractors and mass timber subcontractors.