East Medinah Village, an affordable housing-centric development planned in the Peoplestown neighborhood, at 1184 Hank Aaron Drive, is moving forward. Permits this week were filed with the City of Atlanta to kick off site work for the proposed mixed-use development, starting with its first phase: an 11-story building with 250 affordable residential units, three floors of parking, and retail space which will be located on the first floor. It is being developed by New-York-based Exact Capital Group.
Invest Atlanta by way of its board approved several bonds and grants in July 2019 including for East Medinah Village’s first phase — $27 million in tax-exempt bonds and a $440,000 grant from the BeltLine Affordable Housing Trust Fund. 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.
East Medinah Village has been in planning since at least 2006, according to an Atlanta Regional Commission report from February of that year. It is meant to be a mixed-use development across 6.2 acres. When the proposed development first surfaced some 14 years ago, it was to include 722 residential condominium units, 97,400 square feet of retail, and 90,700 square feet of office. While recent documentation from Invest Atlanta suggests the project will still be sizable and built across four phases, a tally of its uses as the project stands today has not been disclosed — aside from the in-progress first phase — and reps for Exact did not respond to What Now Atlanta’s request for comment.
