Tag: Atlanta

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Capital One Provides $14.9M HUD Loan to Rehab Affordable Housing Community in Atlanta

October 12, 2018 / By WebSiteAdmin

ATLANTA — Capital One has provided a $14.9 million HUD 221(d)(4) rehabilitation and permanent financing loan for Bethel Towers Apartments, an affordable multifamily property located in Atlanta’s Sweet Auburn neighborhood. Capital One’s Carolyn Whatley originated the loan, which features a fixed interest rate and a 40-year term. The Benoit Group, the borrower, is partnering with […]

CIM Group Sole Bidder For The Gulch Site

August 13, 2018 / By WebSiteAdmin

Los Angeles-based CIM Group was the sole bidder on Atlanta’s famed Gulch property, a site that could be the linchpin of Atlanta’s plans for Amazon HQ2. The Georgia State Properties Commission placed the 9.3-acre Gulch site in South Downtown up for sale last month. The only group to offer a bid was called 30 Spring […]

Atlanta Beltline buys final piece of unused railroad corridor for $6.3M

August 13, 2018 / By WebSiteAdmin

Westside purchase means the project now owns all dormant railroad land needed for the 22-mile loop Following a major purchase earlier this year on Atlanta’s southern fringes, the Beltline has secured yet another needed parcel—the last unused railroad corridor along the proposed 22-mile loop that’s becoming the city’s most powerful economic engine, officials announced this […]

Major Westside mixed-use plan clears council with less density, affordable housing

August 13, 2018 / By WebSiteAdmin

Community outcry persuaded developer Brock Built to rethink its proposal Folks fighting the ills of gentrification on Atlanta’s Westside can wipe sweat from their collective brow after Monday’s city council meeting. But they feel there’s still work to be done. Proposed by Brock Built Homes, a substantial 17-acre mixed-use project in English Avenue—on the corner […]

$60M development loaded with affordable housing bound for Vine City

August 13, 2018 / By WebSiteAdmin

Most of the 239 rentals will be set aside for rates deemed affordable by local standards It looks like a new mixed-income development could be en route to Vine City—just a stone’s throw from the Atlanta University Center. During an April 19 board meeting, the city’s development arm, Invest Atlanta, elected to sell nearly 8 […]

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