Midtown Student Housing Tower Advances Under Slightly Shrunken Design

Plans at 859 Spring St. now call for fewer units and a shorter tower
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Demolition and site-work permit applications were filed on Thursday for 859 Spring St. NW in Midtown, where developer Lincoln Ventures has slightly shrunken plans for a student-oriented mixed-use co-living high-rise, filings with the city show.

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After proposing a 31-story, 195-unit tower in the fall, the Austin-based company has now laid out plans for a 25-story tower with 168 units, according to a project narrative for the development filed last month. Designed by Atlanta-based firm Niles Bolton Associates, plans for the project, which will be Lincoln Ventures’ first or second outside of Texas (it has another in the works in Phoenix), still call for a mix of studios through five-bedrooms at the 0.42-acre project site. The unit mix now involves 564 beds, with 22 studios, 21 two-bedrooms, 21 three-bedrooms, 83 four-bedrooms, and 21 five-bedrooms.

The project will also still offer about 3,260-square-feet of ground-level commercial space, along with residential amenities that include a clubhouse, fitness center, study rooms, bike lockers, outdoor terraces, and a rooftop pool deck, plans show. Designs call for one level of underground parking, two ground levels, 21 residential levels, and two amenity levels.

Plans in the fall also called for setting aside 83 beds for renters earning 80 percent or below of area median income, with market-rate rents for the furnished units expected at the time to range from $1,350 to $1,700 per bed.

Lincoln Ventures didn’t immediately respond to request for comment on its latest plans.

“This project will further enhance the connectivity and walkability of Tech Square, with the co-living bedrooms creating the flexibility for residents seeking proximity and livability to employers and academic institutions,” Lincoln Ventures founder and CEO David Kanne told What Now Atlanta last year.

Lincoln Ventures’ 859 Spring St. project will rise alongside several other new student housing projects in Midtown serving the Georgia Tech student body. It is two blocks south of developer Core Spaces’ 19-story Hub on Campus project, which What Now Atlanta reported was on track to break ground this spring. And both are near other projects including Landmark Properties’ The Mark at 955 Spring St., as well as University House Midtown at 930 Spring St.

The 859 Spring St. project site, which has held an office building occupied by Georgia Pacific, was acquired by an entity registered to New York-based Gamma Real Estate in 2019 for $7.5 million, according to property records.

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Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
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