The owner of two small apartment communities in the Old Fourth Ward neighborhood is pursuing plans to construct a 34-unit workforce housing project with six units reserved at below market rates. An ordinance to rezone the project sites, which are at 575-585 Boulevard Place and owned by multifamily developer Braden Fellman Group, from low-density to high-density residential is shown as a deferred item on the city Zoning Review Board’s Thursday meeting agenda.
Received by the city in September, plans call for the demolition of the site’s two multifamily buildings to make way for a new three-story residential building rising about 43 feet at its highest point. The site itself is located at the southwest corner of Glen Iris Drive and Boulevard Place.
The new unit makeup would consist of 10 studio apartments and 24 one-bedrooms, with the studios averaging 519 square feet and the one-bedrooms ranging from an average of 573 square feet to 751 square feet. The developer, which would reserve six units to affordability at 80 percent of area median income, expects market rents of $1,365 and $1,500 for the one-bedrooms and $1,241 for the studios.
The architect for the proposed development is shown as McMillan Pazdan Smith Architecture in project filings.
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.