As reported in the AJC yesterday...
Excerpt: "MARTA is moving forward on its latest lease of property adjacent to a transit station for a residential and commercial development. The deal is designed to spur ridership and simultaneously boost the authority’s bottom line.
Invest Atlanta, which helped broker the deal, chose Columbia Ventures to build primarily apartments on five acres that is currently an underused parking lot at MARTA’s Edgewood/Candler Park station.
The first phase of the project, expected to break ground in 2015, will be the building of 200 units of market-rate housing. The second phase will include an additional 235 housing units. At least 20 percent of the apartments will be priced compatibly with affordable workforce housing. There will also be some commercial space for lease. The full project is expected to be completed by 2019."
Read the full story here.