Two years after construction kicked off, a relatively tall housing development in Peoplestown is topped out and visible from many points along the BeltLine’s interim Southside Trail—albeit behind schedule.
Skyline Apartments, a Peoplestown venture led by New York-based developer Exact Capital Group and Aleem Construction, is the tallest new development overlooking any BeltLine segment not named the Eastside Trail.
The 11-story project is expected to offer exclusively affordable housing, thanks to financial help from both city and state coffers.
Skyline claimed a vacant lot at 1090 Hank Aaron Drive, just east of the downtown Connector. Meanwhile, across the street, adaptive-reuse food hall and office venture Terminal South officially began construction in February. Both projects, located about two miles south of downtown Atlanta, are expected to be served by MARTA’s first bus-rapid transit service line come 2025.
Heading west on the interim Southside Trail, the topped-out Skyline Apartments now loom large in the distance. The Maverick community’s BeltLine-facing mural is shown at right. Josh Green/Urbanize Atlanta
How the 250-unit Skyline project will front Hank Aaron Drive in Peoplestown. Rendering courtesy of Exact Capital
The BeltLine contributed $2 million toward the Skyline project, as sourced from the Atlanta BeltLine Affordable Housing Trust Fund, or BAHTF. Beyond that, Exact Capital received a tax-exempt bond from Invest Atlanta’s Urban Residential Finance Authority and low-income housing tax credits from the Georgia Department of Community Affairs, among other funding.
The Skyline project was initially expected to deliver in 2023, but that’s been delayed. Pre-leasing has yet to launch, and the price range for rentals hasn’t been specified.
The 11-story Skyline Apartments as seen near the BeltLine corridor’s intersection with Milton Avenue. Josh Green/Urbanize Atlanta
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