The agency has acquired 65 acres of properties reserved for affordable housing and job creation.
The Atlanta BeltLine has acquired an additional 31 acres for affordable housing development, reports Josh Green for Urbanize Atlanta. "At one and ½ times the size of Centennial Olympic Park, the BeltLine’s latest land buy is located in Bankhead’s Historic Westin Heights neighborhood, adjacent to Grove Park, and about a half-mile from Bankhead’s MARTA hub." The property was acquired at 30 percent below its last appraised value from Brock Built Homes, which has been "building—and selling—townhomes in the area, and other communities west and northwest of Midtown for two decades."
"An unbuilt section of the BeltLine’s Westside Trail corridor is nearby, and according to BeltLine officials, the existing Proctor Creek Trail could be extended to the site and on to Washington Park. The site is also primed for regional transit connectivity, per BeltLine officials, with an influx of jobs expected nearby at Microsoft’s future campus."
BeltLine CEO Clyde Higgs said the site "will have a profound positive impact on the affordability and job creation promises." With this purchase, the BeltLine now owns 65 acres of land "meant for affordable housing and job-creation."
FULL STORY: Atlanta BeltLine completes largest land buy to date for affordable housing
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