The next segment of the BeltLine’s Southside Trail isn’t expected to even begin construction until next month, but another residential project already appears to be reaping dividends for its future proximity to Atlanta’s urbanist utopian concrete boardwalk and biking corridor.
Located in Boulevard Heights, just east of the Southside Trail corridor’s intersection with Boulevard, TPA Residential’s The Penman project has leased about half of its 275 apartments across five buildings, though construction has yet to finish, according to a source.
The BeltLine section that could function like The Penman’s front yard—Southside Trail Segments 4 and 5—likely won’t be open until sometime in 2025.
The Penman, where all components are said to “come together like poetry,” marks the second new multifamily development to deliver on this part of the BeltLine, following the 918 Glenwood complex in Ormewood Park. Leasing began late last summer.
TPA Residential expects to finish building the residential portions and retail shells by the beginning of April.
Sources have previously told Urbanize Atlanta a coffee shop, breakfast spot, and wine bar have been signed for a mix of adaptive-reuse and newly built retail spaces that front the BeltLine. The primary tenant declined to publicly share more information on the concept this week.
More than 7,000 square feet of retail is planned total around a concept called The Outpost near the BeltLine. Overall, the project replaces about 7 acres of formerly industrial land. And unlike many other new residential projects in close proximity to the Southside Trail, it includes garages for the majority of parking.
According to leasing materials, the least expensive Penman options (one-bedroom, one-bathroom apartments with 660 square feet) are renting from $1,615 to $1,870 monthly.
The largest apartments, meanwhile, rent from $2,940 monthly for two bedrooms and two bathrooms in 1,295 square feet.
The complex has offered a workforce housing program for certain tenants who work in the area. To qualify, minimum incomes must be two and ½ times the rent, but with a maximum income of 80 percent AMI. Six weeks of free rent is also being offered for some units.
Head up to the gallery for a closer look at how The Penman’s coming together—and what’s to come.
Follow us on social media:
• Feds award Atlanta $30M to connect downtown to Southside BeltLine (Urbanize Atlanta)