Station 464, the project’s Phase II, will consist of a four-story, 96-unit affordable housing community.
Wingate Companies Tuesday announced Phase II of the redevelopment of The Village of Bedford Pine during a visit to Atlanta by Dr. Ben Carson, the Secretary of the U.S. Department of Housing and Urban Development.
Dr. Carson visited the project’s Phase I—City Lights, an 80-unit, senior housing development in the Old Fourth Ward—and called it a “model” for affordable housing.
Phase II—called Station 464—will consist of a four-story, 96-unit affordable housing community that will be geared at families, according to a press release Tuesday.
The $26 million development will break ground next year at 464 Boulevard.
Carson was visiting HUD-assisted properties and Family Self-Sufficiency and Choice Neighborhood programs in Atlanta.
Roderick W. Teachey, Senior Vice President and Chief Development Officer for Wingate, said Station 464 will be of similar quality and construction as City Lights, but with an architectural character all its own.
“We’ll continue following the public-private partnership model,” Teachey said in a prepared statement.
“Station 464 will continue our commitment to preserve affordable housing in the Old Fourth Ward. Our intention is to do a one-for-one replacement of any affordable housing units we currently own and manage.”
Like City Lights, Station 464 will have a private, second floor, outdoor amenity deck to serve as a recreational and social area for the residents.
The ground floor will have amenities and parking. In addition, Teachey says Wingate plans to move its Atlanta corporate regional office to Station 464.
City Lights was supported by partnerships between the public and private sector, including HUD, the Georgia Department of Community Affairs, the City of Atlanta and Invest Atlanta.
Wingate Companies and Columbia Residential developed the community and opened it in 2016 as part of a long-term plan to redevelop the Village of Bedford Pine.