Half a decade after it was first proposed, and a few months after drawing the ire of some neighbors, a five-story mixed-use project near downtown Decatur could break ground in mere days. Locally based Carter, which calls itself "one of the nation's leading real estate development, investment and advisory firms," is moving ahead with 315 West Ponce. The $40-million project will include 235 apartments and 10,000 square feet of street retail. You can probably guess the development's address; it'll be situated two blocks from Decatur's hopping downtown square. Decatur Metro reports that fences are going up around the property, and commenters at that site indicate that ground could break within 10 days, after the developer had made concessions to mollify nearby residents who filed a lawsuit. Initial plans to build the project several years ago were crushed by the economy.
The project is scheduled for a late 2014 completion. Per Carter, it will included two five-story residential buildings and will offer one, two and those three-bedroom apartments coveted by intown families. 315 West Ponce is designed to expand upon an existing office building, with which it will share a 400-plus-space parking deck that was the crux of neighbors' contentions. "(The project) is designed to be consistent with the vision of the Decatur Strategic Plan," a Carter website post reads. "It will bring vibrancy to the downtown area, in addition to significant contributions to the tax base of the city."
· Fencing Goes Up Around 315 West Ponce [Decatur Metro]
· First Look: Decatur's $40 Million Mixed-Use Addition [Curbed Atlanta]
· 315 West Ponce [Carter]
[ABOVE: All renderings courtesy of Carter development]