Source: Midtown Alliance
Midtown has created new zoning policies as a result of exponential pedestrian growth in the area that will help propel a new pedestrian project. The organization expects to break ground on its longest most ambitious streetscape project called the Juniper Street Transformation Project. The project will create bikeway and pedestrian amenities across 12 blocks between 14th Street and Ponce de Leon Avenue, according to Curbed Atlanta.
In other Atlanta real estate news:
- Ashton Woods opened its first model home in its Park at Paces Ferry community in Smyrna, which is a community of 67 townhomes. The Addison model home has 3,084 square feet with three bedrooms and three-and-a-half baths, according to BuilderOnline.
- A new mixed-use development in West Midtown got approval at this week’s Marietta Street Artery Association meeting. The southeast corner of 14th Street and Howell Mill Road will be transformed into “The Interlock,” which is currently planned to have nearly 20,000 square feet of loft office space, 90,000 square feet of retail, nearly 400 residences and a 140-room hotel, according to Curbed Atlanta.
- The Turner Multifamily Impact Fund acquired a number of buildings across the country, including Woodland Ridge and Sonoma Ridge, both northeast of downtown Atlanta. The fund is managed by Los Angeles-based real estate investment firm Turner Impact Capital. It focuses on affordable workforce housing by acquiring and preserving critically needed rental housing for families who earn less than the area’s median income but too much to qualify for subsidized housing. Woodland Ridge consists of 32 two-story residential buildings across more than 23 acres, while Sonoma Ridge has 440 units across 21 two- and three-story residential buildings, according to a release in BusinessWire.