The explosion of new housing options near the BeltLine due south of downtown now includes a complex with rents that might actually qualify as affordable for most Atlantans.
A grand opening is scheduled Tuesday for a 56-unit project called Stanton Park Apartments in Peoplestown, a joint venture between Woda Cooper Companies and Parallel Housing.
The complex stands roughly a block north of an access point (Milton Avenue) for the BeltLine’s Southside Trail corridor, where construction to pave the multi-use trail is expected to begin early this year.
Other landmarks in the area include Peoplestown’s DH Stanton Park and The Beacon food-and-beverage district, both located a few blocks east. Also within walking distance is the Terminal South food hall project, which officially broke ground a couple of weeks ago.
The project's proximity to the Southside Trail, DH Stanton Park, and other landmarks. Google Maps
The Stanton Park facade at 1056 Hank Aaron Drive in Peoplestown. Stanton Park Apartments; Woda Cooper Companies/Parallel Housing Inc.
Project leaders call Stanton Park unique in that it’s a combination of public, nonprofit, and private business efforts meant to provide housing for Atlantans who’ve faced homelessness, in addition to other renters who qualify.
Having risen four stories on a previously vacant corner lot, Stanton Park offers 36 one-bedroom and 20 two-bedroom apartments for residents earning between 30 and 80 percent of the area median income. (Ten units are reserved via the Project Based Voucher rental assistance program for formerly homeless residents, with support services included, officials say.)
Rents for standard, single-bedroom apartments with 650 square feet start at $542 and climb up to $925.
Two-bedroom options with between 860 and 885 square feet are renting from between $670 and $1,080 per month. Some have a single bathroom, others a bathroom and ½.
Stanton Park Apartments; Woda Cooper Companies/Parallel Housing Inc.
Stanton Park Apartments; Woda Cooper Companies/Parallel Housing Inc.
Amenities at the complex include a fitness center, barbecue and picnic area, laundry facilities, on-site management, and a community room. No pets are allowed.
Other partners in the project include Atlanta BeltLine Inc., Invest Atlanta, Atlanta Housing, Partners for HOME, the Georgia Department of Community Affairs, Sugar Creek Capital, and Walker & Dunlop.
In the gallery above, find more Stanton Park context and photos.
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