The development is touted as being just across the tracks from shops, restaurants and events; “20 minutes” from downtown Atlanta; adjacent to the College Park MARTA station and near other conveniences.
Faith, business and the arts are all needed to build a vibrant community, several speakers from groups involved in the project said during the ceremony. After speeches in the theater, the crowd trooped outside in a steady drizzle for ribbon-cuttings on Diamond College Park and back across the street at Ion Arts.
Ion Arts offers 16 studio or one-bedroom condominiums for sale from $175,000 to $204,000. The ground floor is operated by PushPush Arts, which rents out six art studios, creator or retail spaces there, according to E.J. Lee of developer Good Places. Nonprofit arts incubator PushPush Arts now owns its space in the building, according to Cherie Ong of Good Places.
One lower-priced condo, with an income restriction, is still available, according to Arnold Oh of One Realty Group. Eight of the higher-priced condos remain available, he said.
Downpayment assistance up to $25,000 is available through the development’s partnership with preferred lender Citizens Trust Bank, Ong said.
The building also includes Marddy’s Kitchen café and a community and gallery space, Lee said. The studios rent for $150 to $900 a month, with some discounted to $500 to $600 for local artists.
More information is available at https://ioncollegepark.community.
Across the street is Diamond College Park, a 60-unit residential building with community space on the ground floor. The project used federal low-income housing tax credits, so most of the one- or two-bedroom apartments rent for below market rates. Ten are reserved for people making half the area’s median income, 40 are for those making 60% of median, and 10 rent at market rate, Lee said.
Diamond College Park is already fully leased, with occupancy in April, he said. Use of tax credits required the income-restricted apartments to…
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