An apartment complex at Hardee Street in Atlanta is about to get a major overhaul with an emphasis on affordable housing.
Jonathan Rose Companies is currently under contract to buy the Edgewood Court property, according to a press release. The primary goal of the redevelopment is providing affordable housing.
“The garden-style community will continue to be affordable, with 100 percent of units designated for those at or below 60 percent [Area Median Income],” the press release says.
Jonathan Rose is redeveloping the properties in partnership with Columbia Residential. The cost of the project will be around $17 million.
The project should be finished in late 2018.
Edgewood Court was built in 1950 and refurbished in 1981. It’s part of the HUD Section 8 program.
“Following the renovation, Edgewood Court will consist of 222 residences; 204 remaining Section 8 and the remainder as affordable tax credit units,” the press release says.
The Section 8 contract for the property will be renewed for 20 years.
According to the press release, redevelopment will also include:
– Energy conservation and sustainability measures with certification under Enterprise Green Communities
– A new vibrant community and leasing center with state of the art amenities including fitness center and computer lab
– A refresh of building facades
– Roof and gutter replacements
– Repaving of roads and walkways
– New ADA-Accessible Units
– Interior upgrades including dishwashers as well as updated electrical and HVAC
– Exterior amenities including a community garden and playground
The development team is meeting with residents and other interested parties to discuss its plans, the press release said.
Here is a rendering of the proposed redevelopment: