Zimmerman Properties this week announced the closing and commencement of construction on Villas at Mt. Zion and Flats at Mt. Zion, at 3297 Mount Zion Road, in Clayton County, Georgia, immediately south of Atlanta.
These developments are the first transactions closed in a strategic alliance between Zimmerman, an affordable housing builder and developer, and TriStar, an investment firm focused on commercial real estate and mission-based affordable housing funds.
“Through the alliance, Zimmerman and TriStar will build and operate affordable housing communities that offer innovative wraparound services focusing on the education, social and emotional wellbeing of its residents,” Bob Davidson, COO, Zimmerman Properties, said in a prepared statement. “We’re excited about both the collaboration and the innovative aspects of this initiative.”
The development consists of two affordable housing communities: the Villas at Mt Zion, a 96-unit senior, independent living community (age 55+), and the Flats at Mt Zion, a 210-unit multi-family community targeting families with children who attend Mt. Zion Elementary and Primary Schools.
Davidson says the development will include gated entry with reciprocal easements to allow all residents the ability to enjoy the swimming pool, exercise facility, computer library, playgrounds, outdoor garden, wellness center, and the Early Learning Center (ELC).
The ELC will be staffed by Star-C, Inc., an Atlanta based 501(c)3 non-profit community organization, which will provide residents of the development free on-site wraparound services that include an after-school program for kids kindergarten through fifth grade, healthy living, and eating classes, general wellness programs, community gardening, and summer camps.
A ground-breaking ceremony is being planned at the construction site and will be followed by a formal grand opening at the completion of construction, according to Davidson, who did not disclose the timeline. “We look forward to inviting all collaborators and supporters to those two events.”