Thrive Homes to bring 18 new units to the neighborhood.
A developer is ready to help increase the housing stock and add some much-needed infill in Reynoldstown.
Thrive Homes is filing plans to build 18 homes in the heart of the neighborhood, according to Curbed. The proposed project would stand at 151 Flat Shoals Avenue Southeast, close to where the Eastside trail will expand.
The development would stand in the place of local ministry The Stewart Center, including a small playground and a blue building.
The units will each be sized at 2,000 square feet, with prices beginning in the $400,000s. Each home will include on site parking and garages.
Some attendees of the January Reynoldstown Civic Improvement League meeting reportedly were not happy with the proposed pricing and the fact that none of the new units are planned to be workforce/affordable housing. Thrive’s reasoning for this was that The Stewart Center would not negotiate on their asking price, and that building smaller and/or fewer units – ones that would sell in the $200,000s – would not be viable financially after the costs of permitting, zoning and construction.
However, Thrive’s representative at the meeting said that they would work with the Beltline to help finance or subsidize two units.
According to plans, the development will break ground in early 2017. The Reynoldstown Civic Improvement League also recommended that elevations be simplified and that more porches and other street-facing spaces should be added.
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