On a downtown street corner that's seen better days — or what developers are calling a "stellar infill location" — a 144-unit student-housing community with a good dose of retail is officially moving forward. Sanctuary Residential has broken ground on what they're calling "200 Edgewood," a $33 million mixed-use project that fronts the Atlanta Streetcar and sits kitty-corner to the Sweet Auburn Curb Market. (So it's likely good news for both entities). At street level, expect 12,000 square feet of retail space (context: roughly 10 average Subway delis) that'll be catered to residents, who developers expect to be Georgia State University students and interns at the nearby Grady/Children's Hospital Medical Complex.
200 Edgewood will consist of a seven-story mid-rise and two historic rehab buildings. Its furnished units will include nine studios, 25 one-bedroom and 110 two-bedroom apartments, with "hotel-like amenities" that include a clubhouse, fitness center and meeting/study areas, officials said. Select corner units will be built with a "tower of light" all-glass feature.
Developers expect to open the project by this time next year, give or take.
"200 Edgewood will offer high-end, boutique student housing and will be one of the first transit-oriented developments along the new Atlanta Streetcar line," Bernard Felder, Director and CEO of Sanctuary Residential, said in a release. "(We're) thrilled to be contributing to the revitalization of downtown Atlanta."
Added Brian King, the company's director: "It is (our) desire that the project serve as a catalyst for the future development of the adjacent vacant and underutilized land and buildings."
What's more, Sanctuary officials noted that GSU's current on-campus residences can accommodate only 13 percent of the school's 32,000 students.