Neighborhood Planning Unit – D on Tuesday will review rezoning plans that would make way for a nine-story, approximately 200-unit co-living project in Blandtown, its meeting agenda shows. The developer behind the project is Kingdom at Marietta LLC, a company registered to the address of Atlanta-based student housing developer University Housing Solutions.
Submitted in the spring, plans call nine floors of rental units above three levels of parking at 1283 and 1295 Marietta Blvd. NW. The project site is bounded by Marietta Boulevard to the west, Elaine Avenue to the north, an office park to the east, and a strip club to the south.
Named RYM BeltLine, the project would cater to graduate students at local universities, recent graduates in technology industries, and workforce tenants interested in the co-living model, according to the site’s rezoning application. It would include a ground-floor cafe.
“The proposed multifamily project with café fits within the new project pattern of development in this neighborhood,” the development team writes in application filings. “There is a need for housing in this area and we think a curated roommate situation is an ideal solution for people entering the workforce out of Universities like Georgia Tech, Georgia State and Morehouse College.”
Co-living is an increasingly popular type of housing that offers residents cheaper rents in exchange for smaller units and shared common spaces, such as kitchens. In Atlanta, companies such as Lincoln Ventures and Atlantic Capital Properties have pursued such projects, which have gained traction nationwide.
For 1283 and 1295 Marietta Boulevard, the rezoning application calls for 126 junior one-bedrooms of about 500 square feet each, 27 ones at 600 square feet each, and 45 two-bedrooms at 1,100 square feet each. The developer would set aside 20 units for households earning incomes below the area median, with smaller ones expected at $800 per month, larger ones at $900, and twos at $1,600.
Expected market-rate rents are listed as $1,225, $1,470, and $2,658 for the junior ones, ones, and twos, respectively.
The applicant lists a proposed construction start of next summer and completion in 2023.
Designs for RYM Beltline are being led by project architect Archetype Design LLC, plans show.
The project would rise just south of a part of the Atlanta BeltLine running north and south along Marietta Boulevard and east and west along Elaine Avenue.
One Response
This is perhaps the most Atlanta thing ever:
“The project site is bounded by Marietta Boulevard to the west, Elaine Avenue to the north, an office park to the east, and a strip club to the south.”