It's not often that one developer lays claim to three separate projects within a short walk of each other, but that's exactly what AMLI is doing in the Old Fourth Ward. AMLI Ponce Park — a $40-million, 305-unit apartment complex — is beginning to take shape in the former Masquerade parking lot on North Avenue, across the street from the Ponce City Market site. It's going up really close to AMLI Old Fourth Ward (525 Glen Iris Drive) and AMLI Parkside (660 Ralph McGill Blvd.) According to AMLI senior VP Frank Schreiber, the latest offering looks to have pre-leasing open early in 2014 and first move-ins sometime in the spring. While Old Fourth Ward and Parkside were technically developed by other groups and later acquired by AMLI, all three projects are reflective of a concerted effort by the latter. "While we see many compelling opportunities to invest in Atlanta, the Old Fourth Ward was one we really believed in for the long term," Schreiber told Curbed Atlanta.
Want to know the basis of that believing? Here are Schreiber's thoughts, verbatim:
"For us, the Old Fourth Ward was a unique combination of drivers: a) a real identity as a neighborhood with an organized and passionate group of neighborhood leaders and a great mix of stakeholders, b) a world class public green space in the Historic Old Fourth Ward Park and the Beltline, which for a city traditionally underserved by public parks is truly special and c) a transformative redevelopment of the old Sears building (as Ponce City Market)."
How about that for a little positivity to carry you into the long weekend?
— By Curbed Atlanta contributor Tyler Estep
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