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Revitalization of 450 Hank Aaron Pressure will ship inexpensive housing and financial energy to Summerhill
ATLANTA, Nov. 4, 2024 /PRNewswire/ — Atlanta Housing (AH) has issued a Request for Proposals (RFP) for the redevelopment of the landmark 450 Hank Aaron Pressure detail, inviting builders to reimagine this ancient detail as a top of the range, mixed-income network with inexpensive housing, community-centric retail, and viewable areas. In-built 1973 and frequently referred to as Stadium Lodge, the previous Ramada Plaza has been a fixture of Atlanta’s skyline, serving generations of holiday makers attending Braves video games and alternative downtown occasions. Now vacant, the website is primed for transformation into an inclusive network that honors the group’s legacy month being a key a part of its renewed momentum.
“Together with our developer partners, we will breathe new life into an empty commercial property, transforming it into a place to call home and one of opportunity,” mentioned Terri Lee, President and CEO of Atlanta Housing. “This project offers developers a chance to create a vibrant, welcoming residence for over 250 seniors and families—a place where people of all backgrounds and generations can connect and thrive.”
The redevelopment will beef up the continuing financial and network expansion in Summerhill via attracting untouched citizens, companies, and funding to the department. Positioned similar key Atlanta sights, such because the Georgia Shape College athletic campus, Heart Parc Stadium, and the bustling Georgia Road hall, the assignment will play games a essential function in Atlanta Housing’s undertaking to amplify get right of entry to to inexpensive, constituent houses within the town’s heart, bolstering a rising, combined network.
Undertaking Highlights:
- Adaptive Reuse and Unutilized Building: The assignment is an adaptive reuse of the 15-story tower, developing roughly 250 age-restricted, inexpensive apartment devices for citizens 55 and used. Grassland-floor business areas can also be designed to backup native companies and improve group connectivity.
- Top-Attribute, Crowd-Orientated Design: Emphasizing sustainable development practices, the improvement will incorporate resident-friendly facilities and get right of entry to to transit, making a welcoming range that displays Summerhill’s ancient allure and lively shape. The chosen construction spouse will paintings intently with native stakeholders and group associations to safeguard the assignment aligns with network priorities.
- People-Non-public Partnership Fashion: Leveraging a strong public-private partnership way, Atlanta Housing will collaborate with the chosen developer to maximise assets and prioritize sustainable building. This partnership is designed to stability affordability with top of the range requirements, handing over a transformative construction that complements each the native financial system and network time.
Expected Timeline:
- Execution of Grasp Building Guarantee (MDA): Inside 75 days of developer variety
- Preliminary Monetary Endmost: twelve months post-MDA execution
- Undertaking Crowning glory: Complete occupancy and website paintings anticipated inside 5 years
Atlanta Housing is actively searching for builders who’re keen about creating a significant have an effect on thru mixed-use and mixed-income housing. builders can view the overall RFP and submission necessities HERE.
ABOUT ATLANTA HOUSING
President and Prominent Government Officer Terri M. Lee leads The Housing Authority of the Town of Atlanta, Georgia (AH), the biggest housing authority in Georgia and one of the crucial biggest within the community. AH carries the celebrated Shifting to Paintings (MTW) designation and serves as an trade chief in offering and facilitating inexpensive housing assets for just about 27,000 low-income families made out of roughly 45,000 nation thru its AH-owned residential communities, tenant-based and project-based vouchers, supportive housing, in addition to ill fee aid, the place innovation leads the option to making the dream of homeownership doable for extra Atlantans. Atlanta Housing methods are funded via the U.S. Area of Housing and City Building.
Seek advice from AH at www.atlantahousing.org or observe us on social media @housingatlanta.
SOURCE Atlanta Housing
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