Woodfield Development closed on the land for 840 Woodrow, a mixed-use project located on Woodrow Street SW in Atlanta’s historic Westside. The site sits directly along the Atlanta BeltLine’s Westside Trail. The opportunity was sourced in partnership with Vida Companies.
Slated to break ground in the coming weeks, 840 Woodrow is a $76.7 million development that will include 326 new residential units. Of these, 66 will be designated as affordable/workforce housing, exceeding the City of Atlanta’s Inclusionary Zoning requirements. Five percent of the units will be reserved for individuals utilizing tenant-based vouchers.
The project is being developed in partnership with American South Capital Partners(ASCP), a joint venture of SDS Capital Group and Vintage Realty Company. Adam Bieber, Alec Jenkins, and Nicholas Kazma of BWE advised and arranged the equity and debt for the project.
840 Woodrow will also feature subsidized commercial space for local entrepreneurs, including repurposed shipping container storefronts.
The post Woodfield Closes on Land for Westside Atlanta Apartment Venture appeared first on Connect CRE.
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