What's Happening?
The Herndon Square Phase II development in Atlanta has completed construction, providing nearly 200 rental units that meet affordability standards. Located near Georgia Tech, Midtown, and downtown, the $57-million project is the largest section of a mixed-income
community on former public housing land along Northside Drive. The six-story building includes 201 apartments, with 171 units designated as Low Income Housing Tax Credit units for individuals and families earning 30 to 80 percent of the Area Median Income. The development features amenities such as a dog-washing station, playground, wellness clinic, fitness center, and a computer business and learning center. The project was developed by Pennrose in partnership with Hunt Companies, Oakwood Development, Atlanta Housing, and city agencies, with financing from Invest Atlanta.
Why It's Important?
The completion of Herndon Square Phase II is a significant step in addressing Atlanta's affordable housing crisis. By providing a substantial number of affordable units, the development helps to alleviate the housing burden for low-income families in the area. The project also supports the city's broader efforts to revitalize the English Avenue neighborhood and improve living conditions for its residents. Additionally, the development's proximity to major employment centers and public transportation options enhances accessibility and economic opportunities for its residents. The initiative reflects a growing trend of public-private partnerships aimed at tackling urban housing challenges.
What's Next?
Construction is ongoing for Herndon Square's third phase, which will add 178 more rental units, with a majority also designated as affordable housing. The full scope of the Herndon Square project includes 379 multifamily residential units, 32 townhomes, and a 30,000-square-foot retail space. This commercial component is expected to introduce a neighborhood grocery store, improving access to fresh food for the community. The development aims to capitalize on recent investments in the area, potentially creating over 5,000 permanent jobs. As the project progresses, it will continue to play a crucial role in the transformation of the English Avenue neighborhood.
