RYSE Interactive is looking to build around 60 units of housing as part of its RYSE Creative Village project in Southwest Atlanta’s Venetian Hills neighborhood, according to a rezoning application submitted last month.
Slated for 1245, 1251, and 1257 Wichita Dr. SW, early plans call for around 52 for-rent units and 12 for-sale condominium units in separate buildings reaching a maximum height of 60 feet, application materials show. RYSE is requesting the roughly 1.4-acre project site, which is currently vacant, be rezoned from single-family residential (R-4) to high-density residential (RG-4).
The rezoning application comes as the media and communications company nears a start for the village’s initial phase, which includes the redevelopment of the former Preston Arkwright Elementary school building at 1261 Lockwood Drive into co-working and studio production space for new film and entertainment ventures. The Georgia Department of Economic Development said in August that the building was on track to open this summer, bringing in almost $10 million in new investment and creating an estimated 85 jobs.
Plans are for the residential portion of RYSE Creative Village to rise within 500 feet west of the commercial incubator building. The rezoning application outlines a lineup of 16 studios, 41 one-bedrooms, and seven two-bedrooms, with 18 units reserved at mix of 60 percent and 80 percent of area median income.
Affordable rents for the studios are expected to range from about $780 to $960, with monthly rates for twos expected at $1,350. Expected market rents are listed as $1,500 for one-bedrooms and $1,680 for two-bedrooms.
The project would provide about 20 parking spaces, according to site plan drawings.
Atlanta-based Studio H Architecture Planning Environments, or SHAPE, is listed in application materials as an architect for the project.
