Another large-scale apartment project could be coming to the fringes of Historic Fourth Ward Park, bringing hundreds of rentals and an injection of commercial life to Ralph McGill Boulevard. North American Properties, developers of nearby BOHO4W apartments and not-nearby Avalon, are pitching 250 apartments with a little ground-level retail space at the park's edge farthest from Ponce City Market. According to a rezoning application filed last month, the project seeks proper zoning classifications for a multifamily development that would "enclose the Historic Fourth Ward Park with mixed use (and) encourage an urban and lively environment around the park." Notably, plans include a 4,400-square-foot restaurant or retail space, with a sizable patio overlooking the park's southernmost meadow. The development would hug a three-level parking garage with an amenities courtyard on top of that. At least some of the ground-level units would be walk-ups. And they'd be competing with more than 2,000 apartments proposed, under-construction or opened in recent years within a few square blocks.
NAP is buying these 1.9 acres — a corner lot where Ralph McGill meets Ashley Avenue — from a group called "The Thrilla on Ralph McGilla LLC," which is awesome. Interestingly, the application notes that all land in the area for a project of this size has been gobbled up or isn't for sale: "No other land is available for this proposed use, given the proximity of this tract to the Beltline and Historic Fourth Ward Park."
The apartment breakdown would lean heavily toward smaller units, with 184 one-bedrooms and 66 two-bedrooms. Projected monthly rents are listed like this: "$1,500+/-" in the paperwork, which is quite vague. But it's very early.
The project would have 236 feet of Ralph McGill frontage, just west of Bantam Pub and another under-construction restaurant space. It would displace existing businesses Thunderbox Studios and Mindzai, which operate in a low-slung brick building. The projected completion date listed in the application — 2015 — is ambitious, to say the least.
Rising rents have made this pocket of Old Fourth Ward an apartment Mecca. More than 1,000 rentals are being delivered as we speak at projects such as Ponce City Market and AMLI Ponce Park, joining hundreds of relatively new, park-connected units at other AMLI complexes.
But the fun doesn't stop there, friends! Other plans call for 238 units to rise around The Masquerade music compound. And just up the street from NAP's newest proposal, Inland Atlantic wants to build 217 units where Ralph McGill meets Glen Iris Drive.
If it isn't already, O4W should adopt the backhoe as a mascot.
· Masquerade Overhaul Could Include Apartments, Offices [Curbed Atlanta]
· Historic 4th Ward Park: Atlanta's New Apartment Mecca [Curbed]