After 15 years of planning, phase one of East Medinah Village is finally ready to begin construction. Located in the Peoplestown neighborhood, at 1184 Hank Aaron Drive, the project is moving forward with plans to transform the 6.2 acre vacant industrial lot into a large scale, affordable housing-centric development with direct access to the Southside BeltLine Trail.
On September 29th, representatives of developers Exact Capital Group submitted an building application for the first of four phases of construction for the project. The full scope of each phase has not yet been revealed, however early plans for the project indicated it would eventual be comprised of 722 residential condominium units, 97,400 square feet of retail, and 90,700 square feet of office.
The details of first phase, however, has been confirmed via the recently filed building permit. The permit is for the “BeltLine Crossing Apartment building” which includes “eight stories of multifamily apartments above a three level parking garage… totaling an area of 265,450 square feet split between 250 apartments, and 4,448 square feet of amenity area.”
The project is being developed with $27 million in tax-exempt bonds from Invest Atlanta and $440,000 grant from the BeltLine Affordable Housing Trust Fund, which was approved in July of 2019. The funding comes with the contingency that all of the project’s units will be affordable, with 205 being set aside for households earning 60 percent of the average median income (AMI) or below.
