DOWNTOWN—For Atlantans who’ve stared at that still-empty, grassy lot across the street from Atlanta City Hall and wondered what’s going on, there’s good news this week: The 200 workforce apartments planned there are not D.O.A. The Atlanta Business Chronicle reports the Trinity Central Flats project has scored 4 percent, low-income housing tax credits that should generate about $50 million in funding via the Georgia Department of Community Affairs—or the bulk of the project’s expected $72 million cost. (A backlog in that funding source triggered by inflation had delayed other projects around town, including the under-construction Lodge venture near East Atlanta Village, developers have said.)
The 1.3-acre, empty downtown lot has been the source of affordable housing talks for eons, and it’s been more than two years now since city leaders picked Radiant Development Partners and Capitol Hill Neighborhood Development Corporation—a neighborhood booster group established in the early 1990s—as project leaders.
Fleshed-out depiction of the proposal, rising 10 stories from the corner and linked to an existing parking garage. Invest Atlanta/Trinity Central Flats
According to renderings and planning documents, Trinity Central Flats calls for 218 units in 10 stories, both affordable and market-rate, rising just south of Atlanta City Hall. (Plans also call for 7,500 square feet of retail fronting Central Avenue.) Department of City Planning officials have described the site as being among the city’s “most convenient” in terms of transportation and walkability. Most of the rentals will be set aside for households earning 50 to 80 percent of the area median income, and the development team reportedly hopes to break ground sometime this year.
According to Invest Atlanta, which approved $3 million in Eastside Tax Allocation District funding for the project last fall, construction is expected to take 18 months.
The 1.3-acre…
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