As developer interest fingers out from traditional high-rise hot zones such as Midtown, things are once again looking up for the Westside.
A project that could bring more than 20 stories of vertical construction to the northern fringes of Bankhead is in the works, marking the latest investment along a BeltLine trail segment opened last year that links downtown Atlanta to the loop’s western rim.
According to plans presented to the BeltLine Development Review Committee by Flippo Civil Design and Grind Capital Group, the 222,640-square-foot building would include 310 apartments with access to the Westside BeltLine Connector trail.
Below the rentals, plans call for 7,570 square feet of retail space at the ground floor and 218 parking spaces in a garage.
As is, the 1060 Jefferson Street property is home to a two-story brick structure and a barren lot, positioned among a row of industrial buildings and surface parking. It’s zoned MRC-3, which allows for relatively dense mixed-use development.
It wouldn’t be the only substantial, recent investment in the area.
The site is directly across the trail from Brock Built Properties’ Ten29 West townhome project in Bankhead, where listing prices currently start at $709,900. Just north of the property is QTS’s massive Westside data center, which is undergoing an expansion with plans to eventually add townhomes.
Meanwhile, just east of the Jefferson Street property, also with direct trail access, is the multi-building Echo Street West project, where the initial office component recently topped out, alongside 292 new apartments. Entertainment concept Westside Motor Lounge also opened for business this month as part of that project’s $265-million first phase.
Records indicate the 1.1-acre Bankhead property was purchased in October last year for $1.83 million by an LLC called Jefferson BeltLine.
Among their recommendations in July, BeltLine DRC members asked the development team to revise a “blank bank” around the parking area and to incorporate better screening and different colors.
A representative from Flippo Civil Design told the board they're pursuing a construction loan via Invest Atlanta and intend to set aside 20 percent of the apartments, or roughly 60 units, as affordable housing at 60 percent of the area’s median income, according to a meeting recap.
We’ve reached out to project officials for word on a potential groundbreaking and other details. This story will be updated should further information come.
• Bankhead apartments billed as 'affordable living near the BeltLine' debut (Urbanize Atlanta)