The organization that manages the Atlanta Beltline has issued a request for proposal to develop affordable housing on Memorial Drive.
The project will be the second phase of the Lofts at Reynoldstown Crossing, located at 890 Memorial Drive in Atlanta.
Atlanta BeltLine Inc., which oversees the Beltline, said in an announcement, “The primary goal of the development will be multifamily affordable housing, with 40 percent of units or more designated as affordable workforce homes. The site is located directly adjacent to the Eastside Trail. A portion of the site will be sold or leased to a firm or team with a proven track record of housing development with affordable units.”
ABI purchased the development in 2011 out of receivership and finished building 29 condominium units there. ABI says 28 units were sold as workforce housing, going to families earning less than $69,000. The commercial space at the site also houses the Beltline’s PATH Force Unit, a police division dedicated to patrolling the mutli-use trail.
According to ABI, proposals are due on June 9 at 3 p.m. There will be a pre-proposal meeting at ABI offices at 11 a.m. on May 16.
Interested parties should send their proposals to:
Atlanta BeltLine, Inc.
Attention: Procurement Officer
100 Peachtree Street, Suite 2300
Atlanta, GA 30303.
The Beltline has been under increased scrutiny of late regarding the availability of affordable housing. Ryan Gravel, whose master’s thesis inspired the Atlanta Beltline, recently left the Atlanta Beltline Partnership board along with Nathaniel Smith. Gravel and Smith said the Partnership had not given enough attention to housing affordability. The Partnership is the fundraising arm of the Beltline project.
According to a recent report, the Beltline has fallen short of its goal to create 5,600 affordable housing units. Less than 1,000 affordable housing units have been created.