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Atlantic Capital Properties and Gateway Ventures are moving forward with plans to erect a 25-story mixed-use co-living tower in the middle of Georgia State University (GSU) downtown. The partnership is wrapping up the demolition of a small office building and parking lot — formerly home to Mack Scogin Merrill Elam Architects — where the yet-to-be-named highrise will be built, at 111 John Wesley Dobbs Avenue NE, according to GSU Police.
Permitting for the project has been underway since mid-2020 but the demolition at the site is the first sign of construction for the $87 million development which is set to bring 742 beds across 247 student apartments, 15 percent of which will be set aside for residents earning 80 percent of Area Median Income (AMI.)
Atlantic Capital Properties and Gateway Ventures are expected to complete the student housing highrise in 2023. The developers are also wrapping up construction of their 8West mixed-use in West Midtown which this week unveiled it has secured its first office tenant.
While still in development, a little further north, Texas-based Lincoln Ventures is also looking to bring a new co-living community to Atlanta, but with service to Georgia Tech. Lincoln Ventures’ 31-story project earlier this month was reviewed by the Midtown Design Review Committee (DRC) and was well received. The DRC did make some revision requests and Lincoln Ventures is expected to present a redesign before the end of the year.