An owner of vacant land along Marietta Boulevard in the Blandtown neighborhood has filed plans for a roughly 200-unit, nine-story co-living project at the site, city records show.
Still in the early planning stages, the project, which would rise at 1283 and 1295 Marietta Blvd. NW, went before the city’s Concept Review Committee in late February. The owner listed in filings to rezone the property from I-2 to MRC3 is shown as SH Bernstein and Company, an entity that lists Seth H. Bernstein as manager in state business filings.
The project would look to serve graduate students in the area, recent graduates in the tech industry, and other workforce residents interested in the co-living concept, a living situation that uses non-bedroom space like kitchens as shared space between residents. Like other cities, Atlanta has seen an increasing number of co-living projects, including from developers like Lincoln Ventures.
For 1283 and 1295 Marietta Blvd., current designs call for three levels of structured parking and a street-level lobby and retail area under nine levels of residential floor area. Plans currently call for a small cafe for residents and the general public to occupy ground-floor space.
Archetype Design LLC is an architect for the project, plans show.
The rezoning application for the project is currently scheduled to go before the city’s Zoning Review Board in June, according to application filings.
The residential project would rise less than a mile west of another large multifamily project in Blandtown, Crescent Communities’ under-construction, 340-unit Novel West Midtown project at 1330 Fairmont Ave.
SH Bernstein and Company couldn’t be reached for comment on its plans for 1283 and 1295 Marietta Blvd.
2 Responses
If 20 units are affordable, then developer is using 60% AMI which is unusual and exemplary.
Help me recall the requirements; Is 10% of units reserved for residents who earn <60% AMI. 60% seems like a good number but 20 units seems low and seem like there should be other level like 10% of units for 60-80% AMI, and so on. Also, from my experience most students are way below AMI; but it states units are also geared towards recent grads, and workforce tenant — I guess the workforce would be the 10% of affordable housing. ATL AMI is about $37K. 37K * 60% = $22K annual income but it does not say how their rent would be calculated. That does not leave a lot to live on especially "intown".