Wingate Multifamily, a newly formed affiliate of Wingate Companies of Newton, MA, is pleased to announce the closing of Boulevard North, the fourth phase of Wingate’s multi-phase redevelopment in the Old Fourth Ward neighborhood of Atlanta, GA. This development, comprised of 88 new construction units, aims to offer secure and well-appointed affordable housing options for families previously residing in a portfolio of properties known as Bedford Pines.
Since the early 1970s, Wingate has been a pioneer in the revitalization of housing in the Old Fourth Ward. The completion of Boulevard North not only signifies Wingate’s ongoing commitment to safeguarding and enhancing Atlanta’s affordable housing inventory but also represents a crucial advancement in the realization of Wingate’s comprehensive ‘City Lights’ masterplan for the Old Fourth Ward.
Construction commenced in January 2024 and is expected to be completed in July 2025. Upon completion, 387 units out of the total 733 units that comprise Bedford Pines will have undergone redevelopment. The subsequent phase, called North Block, is projected to close in December 2024. The last and final phase known as City Lights South is under application with DCA for 4% tax credits.
Boulevard North represents a significant step in Wingate’s ongoing commitment to preserving and enhancing affordable housing options in one of the fastest changing submarkets in Atlanta.
John Tatum, Senior Vice President of Acquisitions and Development, commented “Thank you to all our partners for staying the course with us through a challenging financing environment in 2023. We would not be here today without your focus, patience, and creativity. We are excited to finally be able to put a shovel in the ground.”
The ‘City Lights’ masterplan is a collaborative initiative that charts the course for the future, envisioning the redevelopment of approximately 700 additional units of both affordable and market-rate housing.
This plan…
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