Less than two months since being funded, the developers of the Bridges at Landrum affordable housing project is requesting building permits for the construction of the 200 mixed-income unit complex. The project is being led by LDG Development, an affordable housing developer based in Louisville, Kentucky, and funded through an Invest Atlanta $2.089 million development incentive as part of the $46.2 million lease purchase revenue bond and a $26 million tax exempt bond approved by the Invest Atlanta Board in late June, 2021. The building permit cites a construction cost of $3,153,276 for a “residential building” including “partitions, mechanical, electrical, and plumbing.”
As previously reported by What Now Atlanta, the affordable housing complex will include eight three-story buildings and one two-story building, served by a a pool, fitness center and an approximately 4,600-square-foot clubhouse. The project will have an affordability period of 15 years, during which time 184 units will be exclusively available to residents with 60% of Area Median Income (AMI) or below. The remaining 32 units will be market rate.
The project is located at 2944 Landrum Drive SW, adjacent to the Crystal at Cascade apartment community on a greenfield, wooded lot. The RG-2 zoning was confirmed by the City of Atlanta in January of 2020, found to be compatible with the Atlanta Zoning Ordinance which directs the development to “provide for a range of residential densities that are compatible with the surrounding residential environment, and with the comprehensive development plan.” As per the description, the RG-2 zoning is intended to allow for diverse housing typologies as well as instructional uses.
Plans for the indicate the project architect is Louisville-based Studio A, while the design architect is Rickhaus Design. LDG Development hope to complete the project within 18 months, setting the opening date in late 2022 or early 2023.