Urban Creek Partners and Prestwick Development Company LLC have entered into a joint venture agreement to develop Parkside at Quarry Yards, a 177-unit workforce and affordable housing community.
Parkside at Quarry Yards will offer one-, two- and three-bedroom units in two buildings, and will break ground second quarter 2019 as part of Quarry Yards’ first phase.
Approximately 15 percent of the units will be available to local workforce earning 80 percent of the area median income (AMI), while 85 percent of the units will target residents earning 50 percent to 60 percent AMI.
“We’ve been working with and listening to the community’s residents for the past 10 years,” Mark Teixeira, co-founder, and principal for Urban Creek Partners, said in a press release Friday.
“We understand what they want in Quarry Yards and feel that this first project in the development will help meet the growing needs for affordable and attainable housing on the Westside. We are proud to partner with Prestwick Development with their deep set of skills and experience on quality workforce housing developments.”
Amenities will include a community room with a warming kitchen, a fitness center, a business center with computer stations, and a laundry room.
Outdoor amenities include a gazebo and picnic area, community gardens, a playground and green space.
Parkside at Quarry Yards, at 1314 Donald Lee Hollowell Parkway, will have access to the Bankhead Marta station, Proctor Creek Greenway Trail and eventually Westside Park at Bellwood Quarry as well as the Atlanta Beltline’s Westside Trail.
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What is the affordability period ?