Atlanta’s Zoning Review Board on Thursday will review a rezoning bid for the construction of an affordable 44-home development in Eastside Atlanta by Atlanta Land Trust, its Thursday evening meeting agenda shows.
Slated for 681, 697, and 721 Fayetteville Rd. SE, the project also involves project applicant Kronberg Urbanists + Architects, as well as property owner CF Foundation. The application to rezone the three sites from single-family and office uses to multifamily uses was first submitted in late December, the application shows. It was also reviewed last week by Neighborhood Planning Unit – O, which covers the Kirkwood and East Lake neighborhoods, among others areas.
The project would feature two- and two-and-a-half-story homes near a recently completed multifamily project by Columbia Residential and utilize a shared private driveway with the new community. Plans call for the three-parcel project site to be re-platted into two parcels, one north of the drive and one just south. To the north would be 32 townhome units, while the south would have 12 duplex units.
The project would restrict pricing for the 44 homes to between 80 percent and 120 percent of area median income, with the average price expected at $202,865, plans show. Designs call for compact homes with parking detached from units as part of an effort to allow for reduced sale prices.
“This project requests a rezoning to allow for development that will serve as a model for supporting city and neighborhood goals of diverse, affordable, context-sensitive housing,” the rezoning application reads.
Atlanta Land Trust expects 18 one-bedrooms to have an average sale price of $149,920, 22 two-bedroom homes to have an average sale price $178,800, and four three-bedrooms to have an average sale price of $309,780, according to the rezoning application, which lists an expected project completion of May 2024.
