Atlanta Beltline claims Buckhead property, plans affordable housingA map shows where ABI acquired property. (Credit: Atlanta Beltline, Inc.)
By Sean Keenan
Affordable housing could be bound for an area near the Atlanta Beltline — and in Buckhead no less.
At the end of December, Atlanta Beltline, Inc. (ABI) closed on a nearly three-acre property just a stone’s throw south of the Lindbergh Center MARTA stop, ABI officials announced this week.
The agency bought the land from Wells Fargo for $900,000 — a steal for the expensive neighborhood. ABI officials described the deal as “a partial donation to the Atlanta Beltline Partnership,” the multi-use trail project’s fundraising arm, according to a press release.
Located near the intersection of Garson Drive and Piedmont Road, the property provides a unique opportunity to boost housing affordability in the otherwise tony area.
“Additionally, portions of the site may also be used for a critical section of the Atlanta BeltLine trail and help create connectivity to the nearby Lindbergh MARTA station and PATH 400 terminus,” the press release says.
It’s yet unclear what exactly could sprout at the vacant property or how affordable new residences would be (relative to the area median income). But, “by owning the land, ABI will have a greater say in selecting developers to construction job creation centers, affordable housing and transit-oriented development along the [Beltline] corridor,” according to the release.
A Beltline spokeswoman told SaportaReport that the agency will have a clearer idea of the site’s potential “once we complete a preliminary site plan.”
A timeline for the site’s development has not yet been announced, although a community engagement effort and request for proposals (RFP) process are forthcoming, ABI officials said.
(Header image, via Atlanta Beltline, Inc.: A map shows where the property in question is located.)