Summerhill’s voracious growth around what used to be Turner Field parking lots continues.
Active eastside developer Pellerin Real Estate has filed for construction permits to convert the shuttered Ramada Plaza Atlanta Downtown Hotel into a unique mix of uses for the area, as Bisnow Atlanta reports.
Positioned along Summerhill’s northern rim, overlooking Interstate 20, the 375-room hotel property is sandwiched between formerly vacant land. Those parcels have sprung to life as Alliance Residential’s 300-unit Broadstone Summerhill luxury apartments, and to the west, Georgia State University’s forthcoming convocation center, basketball arena, and concert hall.
According to paperwork filed with the city last week, Pellerin is planning an adaptive-reuse approach for the existing hotel and conference center, turning them into permanent residences and spaces for an array of businesses. The scope is expected to include new openings and storefronts added to existing structures.
The Atlanta Business Chronicle reported in February that Pellerin, best known for developing Grant Park’s The Beacon, is planning to refashion the former Ramada into a blend of 249 micro apartments, coworking space, restaurants, an outdoor promenade, rooftop pool with a clubhouse, and a 13,000-square-foot food hall.
That’d be about twice the size of Southern Feed Store, the six-stall food hall Pellerin has built from the former Graveyard Tavern in East Atlanta Village.
In Summerhill, Bisnow reports that some of the converted hotel rooms would be as small as 330 square feet—a strategy for developers to introduce more affordable rental housing options in a way that’s financially feasible amid spiking construction costs.
Pellerin bought the 450 Capitol Avenue hotel property at auction in October last year for almost $14 million, then briefly tapped New York’s Life House to operate it as a private hotel, per Bisnow.
A conversion to apartments could echo similar building reinventions percolating downtown, including the rumored retrofit of Peachtree Center office towers into rentals.
• Downtown Atlanta Ramada Set For Conversion Into Apartments (Bisnow Atlanta)
• A drone's-eye view of Atlanta's rapidly changing Summerhill community (Urbanize Atlanta)