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.
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.
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.
Follow us on social media:
• Chosewood Park news, discussion (Urbanize Atlanta)