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Echo Street

Atlanta City Council approves Westside project with lower density and more affordable housing

The Atlanta City Council unanimously approved plans on Monday for the Echo Street Communities development in English Avenue, one of the first large-scale developments in the area that has triggered strong alarm among many residents concerned about gentrification on the Westside.
The affordable housing plans for the project, which also includes thousands of square feet in office space and retail, match the city’s guidelines, with 35 potential additional affordable units in the works.

amli, arts center, affordable housing

Dearth of affordable housing calls for comprehensive solution

By Guest Columnist KATHLEEN FARRELL, head of commercial real estate at SunTrust Banks, Inc.

Over the last decade, as millennials entered the workforce and delayed or indefinitely avoided buying a home, apartment complexes sprang up across Atlanta – as they did in many U.S. cities – to meet the growing demand for rental housing. Many of these new developments were built as luxury living experiences in order to command higher rents and meet the expectations of a younger clientele. The result was a robust supply of high-end units that have been absorbed by Atlanta’s strong job market, but a dearth of affordable, workforce housing.