Just so there is no confusion, the venture is being called Teachers Village. It is a 457,584-square-foot tower that will rise more than 30 stories near Centennial Olympic Park.
Urbanize Atlanta reports that all 424 apartments will be marketed to Atlanta teachers, other school employees, and seniors. The bulk of the tower—227 units—will be reserved for independent living seniors. The remaining 197 apartments will be considered workforce housing, mainly for teachers and other school employees. Groundbreaking will be this October for the $370 million project to be developed by RBH Group.
Roughly 23,000 square feet of retail space across two stories is also in the works. Cone Street, Ted Turner Drive, and Walton Street downtown bound the site.
Plans call for topping the building with a rooftop swimming pool and sun deck, while other outdoor amenities would include landscaped terraces above the new parking podium.
The construction schedule calls for delivering Teachers Village in 2027.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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