A multi-building residential development with an affordability component and walkability to a MARTA transit hub has new branding and ambitions of opening its first homes this year.
Now called Resia Memorial Drive, the project in unincorporated Decatur has recently topped out the first of its five apartment buildings, each planned to rise seven stories. It continues a groundswell of Memorial Drive investment both within Atlanta city limits and east of that line.
Officials with Resia (formerly AHS Residential) expect the 476-unit project to start welcoming residents in the first finished building in August. Communal amenities near that building are expected to include a swimming pool and fitness center, a multipurpose clubhouse, a business center, and assigned (surface) parking.
Situated about a quarter-mile from MARTA’s Kensington Station, the Memorial Drive project marks Resia’s third in metro Atlanta. It broke ground in the first quarter of last year, consuming the former Kensington Office Park on the south side of Memorial, just east of Avondale Estates near Covington Highway.
Each apartment, ranging from one to three-bedroom floorplans, is designed with “young professionals and families in mind,” incorporating modern finishes, in-unit laundry, and stainless steel appliances, Resia officials previously said.
Expect a mix of both market-rate and workforce housing.
Resia says 20 percent of the apartments, or about 95 units, will be rent-restricted workforce housing according to the area’s median income. We’ve asked a Resia representative for more details on what those rent caps will be, and for estimated rents on apartments that will be market-rate, and this article will be updated with any further information that comes.
The Memorial Drive project is part of Resia’s goal to construct 8,000 new apartments annually by 2025, including more projects in metro Atlanta, as a means of putting a dent in the country’s housing crisis by building in growing metros where renters are being priced out, company officials said last year.
Nearby, MARTA has entered into a partnership with the Housing Authority of DeKalb County to develop a 250-unit affordable community at Kensington Station, where MARTA’s board previously approved those TOD plans. Another 244-unit project broke ground near the station in 2021.
Just west of all that, a sizable new townhome development called "Grand Terraza at Memorial Drive" is fully under construction in DeKalb County’s Belvedere Park neighborhood, consuming another site that fronts Memorial Drive.
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