Atlanta Business Journal (August 24, 2020) -- Two longtime Atlanta developers want to turn a tiny office building and parking lot tucked amid the Georgia State University campus into a 25-story student housing tower.
Developers Jim Meyer, of Atlantic Capital Properties, and Mack Reese, of Gateway Ventures, proposed the $87 million project at John Wesley Dobbs Avenue and Courtland Street. It would feature 247 units and 742 beds, with up to 15% of the units set aside for working class households at 80% of Area Median Income and renting from about $1,100 to $1,900.
The Meyer and Reese partnership have the less than 1-acre property, which includes a 1960s office building and an empty parking lot, under contract.
The redevelopment of the site may hinge on a request for a $4.3 million reduction in property taxes over the next 10 years. The proposal goes before the Development Authority of Fulton County on Aug. 25.
Read more at: Atlanta Business Journal