Federal and local officials gathered last week to celebrate the official opening of two residential projects on opposite sides of Atlanta with the same purpose: to provide relatively attainable housing in ITP places. 

The two projects—Phoenix Station, a mixed-use Transit Oriented Development in Decatur, and Bridges at Landrum, a low-rise complex in Southwest Atlanta—were built by LDG Development, which bills itself as one of the nation’s largest developers of affordable housing. 

Combined, the multifamily communities have added 444 units to the ITP housing stock, all described by developers as high-quality. 

The openings mean LDG now counts 2,200 units in 10 different communities across Georgia. Phoenix Station, the Decatur project, will also house LDG’s new Georgia office, signaling “our long-term investment in the region,” said Mark Lechner, LDG cofounder and co-principal, in an announcement.

Here's a quick rundown: 

PHOENIX STATION 

The Phoenix Station project's location just inside Interstate 285, east of Avondale Estates and downtown Decatur. Google Maps

Phoenix Station, a DeKalb County mid-rise, stands across the street from MARTA’s Kensington station, the penultimate stop on the eastbound Blue Line, just east of the City of Decatur and Avondale Estates. It replaced a row of single-family homes and includes a 2,400-square-foot retail component at the base, facing the transit station.

According to LDG, 244-unit Phoenix Station is providing affordable homes for working families earning up to 60 percent of the Area Median Income. That’s roughly $68,000 per year for a family of four. 

Apartments start at one-bedroom, one-bathroom options with 603 square feet and span up to three-bedroom units. Monthly rents at Phoenix Station cost between $1,209 and $1,433, according to LDG. Beyond retail, onsite amenities include a rooftop communal greenspace, an outdoor amphitheater, business and fitness centers, and what’s described as a commercial-grade playground.

Phoenix Station construction progress (facing MARTA’s Kensington station) as seen in summer 2024. Google Maps

LDG Development/Housing Development Corporation

The first move-ins at Phoenix Station came in June, and as of mid-August, the community was 35 percent leased and 25 percent occupied, according to LDG officials. No photos of the finished property were available for publishing. 

Financing for the project was sourced from US Bank, R4 Capital, the Housing Authority of DeKalb County, and the Georgia Department of Community Affairs. 

BRIDGES AT LANDRUM 

Bridges at Landrum's 2944 Landrum Drive location in Southwest Atlanta. Google Maps

Meanwhile, across the city to the west, Bridges at Landrum is offering a mix of affordable and market-rate apartments just inside the Interstate 285 loop, near Greenbriar Mall. 

The complex includes 200 units, ranging from one to three bedrooms, with between 766 and 1,325 square feet. 

Amenities include a swimming pool, playground, fitness center, and a community building named in honor of the late Michel “Marty” Turpeau, former Fulton County Development Authority chairman and an affordable-housing advocate. 

Overview of 200-unit Bridges at Landrum today. Courtesy of LDG

Monthly rents at Bridges at Landrum range between $1,163 and $1,520, according to LDG. It’s 95 percent leased today, after opening in November. 

Financing for the Southwest Atlanta project came from Bank of America, Hudson Housing Capital, Monarch Private Capital, Georgia Department of Community Affairs, Invest Atlanta, and URFA.

Courtesy of LDG

...

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Decatur news, discussion (Urbanize Atlanta)