Multifamily permit applications have been filed for 1080 and 1081 Estes Dr. SW, where plans call for a two-building, 60-unit affordable housing project, according to building documents on file with the city of Atlanta.
The developer behind the project, which is named Symphony at Lakewood, is Prestwick Companies, the filings show. It is partnering with Atlanta Neighborhood Development Partnership, the landowner for the two parcels making up the project site.
“All 60 of the units are targeted for below-market rates, aimed at providing affordable rental opportunities to families earning between 40% and 70% of area median income – some of the most needed levels of affordability in the City,” ANDP President and CEO John O’Callaghan said in a statement.
ANDP said the companies expect the project to close on its financing next month and for construction to wrap up by the early fall of next year.
The Sylvan Hills-area affordable housing project will be split between two buildings: one four-story, 37-unit structure at 1080 Estes Drive and one three-story, 23-unit building at 1081 Estes Drive. Plans call for a total building square footage of 71,436, with the larger of the two buildings totaling about 46,000 square feet.
Symphony at Lakewood will hold 20 one-bedroom units, 30 two-bedrooms, and 10 three-bedrooms, as well as an on-site leasing office. Three units will be designated as mobility-impaired, and another two are sight- and hearing-impaired units.
The project will also offer about 3,200 square feet of amenity space, including a community room with kitchen, game room, fitness area, and computer center, building plans show.
The architect for the development is Geheber Lewis Associates, plans show.
Founded in 1991, ANDP focuses on creating and preserving mixed-income communities through development, financing, and other means in the Atlanta metropolitan area. It has worked with Prestwick Development Company in the past, and is currently partnered with the developer on a similar project in Capitol View.
Symphony is one of four projects in pre-development or recently completed as part of ANDP’s new “Closing the Gap” plan, according to O’Callaghan. By 2025, the non-profit is aiming to develop or preserve 2,000 units: 1,250 affordable apartments and 750 single-family homes.
[Correction: A previous version of this article described Symphony at Lakewood as an affordable senior housing project. In fact, it is an affordable family rental project. The story has been updated.]
2 Responses
That spot is currently used as an illegal trash dump. Driving past on 166, I’ve often seen mattresses and other junk piled up, and it tends to stay there because nobody goes down that street. A new development in that spot, walkable to MARTA rail, is going to be a great use for it.
That comment reads way more sarcastic than I intended. This IS going to be a huge improvement, full stop. Taking neglected areas and turning them into good living spaces is what we could use more of, especially in that area.