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Over a year after requesting rezoning for their Old Forth Ward property, developers Braden Fellman Group are moving forward with their plans to develop a 34-unit, three-story workforce multifamily building, located at the southwest corner of Glen Iris Drive and Boulevard Place. The project would require the demolition of two existing multifamily buildings with approximately 16-units currently on the property.
The new structure would be comprised of a single 34-unit 3-story building made up of 10 studio apartments and 24 one-bedrooms. The studios would average 519 square feet and the one-bedrooms range from an average of 573 square feet to 751 square feet. Market-rate rents are expected to be between $1,365 and $1,500 for the one-bedrooms and $1,241 for the studios, while the six affordable units are expected to cost approximately $1150 to $1250. The structure would be served by a basement parking garage with 25 spaces.
Due to its location within the BeltLine Overlay District, the project is required to apply for a Special Administration Permit. The overlay district requires the project adhere to additional guidelines regarding access to the BeltLine, as well as requiring 10% of units to remain affordable at 80% of Area Median Income (AMI). The BeltLine Design Review Commission will need to approve of the SAP before the project can move forward with building permits.
Braden Fellman specializes in redeveloping and reviving multifamily properties built in the first half of the 20th century, with a portfolio of apartments, lofts, and commercial properties in a wide variety of Atlanta neighborhoods. The architect for the proposed development is shown as McMillan Pazdan Smith Architecture in project filings.