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Prestwick Development is now leasing apartment homes at the all-new Parkside Community designed as workforce and affordable housing located at 1314 Donald Lee Hollowell Parkway in the city’s Westside. Parkside offers 182 apartment homes with open and spacious one, two, and three-bedroom floor-plans in two mid-rise contemporary buildings.
Parkside was developed to meet Atlanta’s growing need for affordable housing. 15% of the homes are available to residents whose income is at 70% of the Average Median Income (AMI) for the area. The remaining homes will be rented to those whose income is at 50-60% of AMI.
The project has been partially funded with $2M from the City of Atlanta’s Beltline Tax Allocation District (TAD) and a $22M bond from Invest Atlanta, the official economic development authority for the City of Atlanta as well as additional financing through Enterprise Community Development, Sugar Creek Capital, Bellwether Enterprise and Georgia DCA.
“The mission of Prestwick Development is to support community initiatives that enhance stability and long-term growth,” said Jody Tucker, CEO of Development in a press release. “Parkside fulfills our mission by providing high-quality affordable housing in a neighborhood that needs rent stabilization in order to continue to thrive as a diverse and culturally dynamic community.”
Homes are leasing now and will be available for occupancy in November. The one, two and three- bedroom floorplans are priced from $736 a month to $1452 a month. Many homes enjoy balconies and walk-in closets. All apartments include granite countertops, GE Energy Star Appliances with black surfaces, wood-style flooring in living areas and carpeting in bedrooms, as well as washer/dryer connections. Community amenities include a fitness center, a wellness room, a business center, a playground, bike storage and first-floor retail space. The community is adjacent to Madison Park and is just steps from the new Westside Park and The Beltline. It is directly across the street from the future Microsoft Quarry Yards Project. Residents will enjoy easy access to shopping, dining and entertainment, as well as its proximity to the area universities and the Bankhead MARTA Station.