After purchasing the dilapidated Forest Cove apartments on the Southside last April, Millennia Housing Management announced plans to invest over $56 million to rehabilitate them. But an Atlanta judge has condemned the property as a public nuisance and crime magnet, ordering its demolition and the swift relocation of its tenants, Atlanta Civic Circle has learned.
Millennia officials told Atlanta Civic Circle just last week that the only obstacle to achieving its lofty revitalization plans — estimated to cost upwards of $140,000 per unit for 396 units — was the Georgia Department of Community Affairs’ (DCA) approval of a tax break needed to secure construction financing.
