By all indications, construction has entered the home stretch on a Chosewood Park project officials say will provide a needed dose of attainable housing within a short walk of the Atlanta BeltLine.
Christened “The Steede,” the Prestwick Development Company venture includes 160 units near the Southside Trail corridor. Each apartment will be offered at relatively affordable rates for seniors and people transitioning out of homelessness, thanks to financial contributions from the city, nonprofits, and other sources, officials have said.
The two-building project has claimed a vacant lot at 1265 Lakewood Avenue, where Chosewood Park meets the South Atlanta neighborhood.
The apartments have risen about a quarter of a mile from an entrance to the segment of the BeltLine’s Southside Trail stretching between the Pittsburgh Yards development and Boulevard.
That BeltLine section is undergoing fiber relocation work now and is expected to be bid out for construction in September. According to BeltLine officials, it could be under construction in early 2024, pending utility relocation work, permitting, and the release of required federal funding.
As seen during construction, The Steede project's proximity to the Southside Trail corridor and other multifamily development that's popped up in anticipation of the paved BeltLine. Josh Green/Urbanize Atlanta
Building permits indicate one building at The Steede includes 77 units, the other 83, all of them either one or two-bedroom options.
The community will be reserved for renters with incomes ranging from less than 50 percent of the area’s median income up to 80 percent of AMI, project leaders have said.
Invest Atlanta closed a $34 million purchase of the vacant property in summer 2021, a deal that included $16.5 million in tax exempt bond financing and $1 million from the BeltLine Affordable Housing Trust Fund, or BAHTF.
Construction continues near The Steede building's main entry off Lakewood Avenue. Josh Green/Urbanize Atlanta
The project's 1265 Lakewood Avenue location south of downtown Atlanta. Google Maps
The project also received $640,000 from Partners for HOME, an Atlanta nonprofit that addresses homelessness, to create 16 units designated as permanent supportive housing for renters who’ve experienced chronic homelessness.
Leasing efforts for The Steede don’t appear to have started yet, and no website for the project could be found. We’ve reached out to Prestwick Development for information on the community’s ETA and leasing rates and will update this story with any further details that come.
Architecture firm Geheber Lewis Associates, which has offices in Atlanta and Chicago, designed the two-building Lakewood Avenue complex. Planned amenities include a community garden and centers for wellness, business, and fitness.
The building's northern face. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Plans for the backside of 160 units of affordable housing at 1265 Lakewood Avenue, as distributed in 2021. Atlanta BeltLine Inc.; designs, Geheber Lewis Associates
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