Jonathan Rose Companies, in partnership with Columbia Residential, has completed the $18 million redevelopment of Amani Place (formerly Edgewood Court). The partners have preserved the garden-style community as affordable housing, with 100 percent of units designated for those at or below 60 percent area median income. Jonathan Rose Companies and Columbia Residential acquired the property in the Edgewood neighborhood in late December 2017 and immediately began the multi-phase redevelopment process. Originally built in the 1950s, then substantially rehabbed in 1981, the former Edgewood Court consisted of 204 units at the time of its purchase, all part of the federal HUD Section 8 program. The rebranded Amani Place community now consists of 222 residences, with 204 remaining Section 8 and the balance as affordable tax credit units. The property’s Section 8 contract is renewed for 20 years. Located at 1572 Hardee Street, Amani Place is situated just 10 minutes east of Downtown and less than one mile from the Kirkwood neighborhood.
Monte Hewett Homes has announced it will build a new townhome community, Madison Yards at Reynoldstown, located adjacent to the new shopping and dining development from Fuqa. Located just off Memorial Drive on Gibson Street, the three- and four-story townhomes will be “elevator capable,” gourmet kitchens, walk out balconies or rooftop terraces, flexible basement space and more. For more information, visit montehewetthomes.com.
RE/MAX Metro Atlanta Cityside has moved its headquarters to 600 Virginia Ave. NE, near the intersection of Monroe Drive and 10th Street in Midtown just steps from the BeltLine.
Community Foundation for Greater Atlanta’s impact investment fund, the GoATL fund, has closed on a $500,000 loan to Focused Community Strategies to boost a successful affordable housing initiative. The investment will fund the acquisition and rehabilitation of blighted single-family homes located in the Historic South Atlanta neighborhood. The homes will be transitioned to affordable and workforce housing, enabling people to live near where they work while creating a stable living arrangement for their families.
Engel & Völkers Buckhead Atlanta will move its current Buckhead office from Pharr Road to a new headquarters at 3221 Peachtree Road in the heart of Buckhead. The building is currently undergoing an extensive renovation and should be ready for move-in this month. With the move, Engel & Völkers Buckhead Atlanta will increase its office square footage from 1,800 to 5,006 square feet. The new location offers free parking, as well as space for large company meetings, training sessions and office events. For more information, visit buckheadatlanta.evrealestate.com.
Senior living community Lenbrook has broken ground for a $115 million expansion called Kingsboro at Lenbrook. Located on a four-acre parcel adjacent to Lenbrook’s established Buckhead campus, the expansion will add 53 independent residences called Flats and Villas, scheduled to open in 2022. The Flats are comprised of 39 residences in a five-story building with a variety of floor plans ranging from 1,700-3,200 square feet, while the Villas will consist of three buildings, each with four to five residences between 2,000 and 3,200 square feet.
High Street Residential, the residential subsidiary of Trammell Crow Company, has named Hussain “Moos” Moosajee Senior Vice President responsible for the oversight and execution of multifamily and mixed-use related developments.
Village Park has broken ground on Corso Atlanta, a luxury senior living community located on a nine-acre site on the north end of Howell Mill Road in Buckhead. The new development will initially include 204 units for independent seniors, assisted living, and memory care.