Real estate activity abounds on one of Atlanta's most beleaguered historic streets. One day after Gene Kansas Commercial Real Estate officials announced they'd be flipping the endangered, century-old Atlanta Daily World building into trendy apartments, Bisnow reports the Integral Group is moving ahead with plans to build a 94-unit apartment project on an empty lot next door. Construction permits filed with the City of Atlanta indicate the $8.9 million development will also include 4,000 square feet of retail, all targeting the college crowd (the Panther invasion continues!) The building isn't strictly meant for students, but with Georgia State University housing next door, that demographic will be a natural tenant base, one official told the website.
Meanwhile, plans next door call for 2,500 square feet of retail (Arden's Garden has committed to a five-year lease) and the "Daily World Apartments" to open as early as September. Both projects are good signs for the Sweet Auburn district, which has gained national attention for its neglected status in recent years. Officials with the Daily World conversion cited the nearby Atlanta Streetcar as a factor in their decision to invest. That building's front door will be a few steps from "The Piedmont Stop" when the streetcar opens in the third quarter of 2018. ☺
· Integral Pursuing Sweet Auburn Student Housing [Bisnow Atlanta]
· 'Daily World Apartments,' Retail Slated For Auburn Ave. [Curbed Atlanta]
· Despite Delays, ATL Streetcar Anticipation Gets Palpable [Curbed]