Atlanta’s hot streak with historic preservation continues in Castleberry Hill, where a century-old former warehouse in the shadow of Mercedes-Benz Stadium has been transformed into loft apartments that developers are calling affordable.
A couple of blocks south of the Georgia Dome, the Fulton Supply Company’s former Nelson Street distribution center has been converted into a $12-million, adaptive-reuse apartment venture called Fulton Supply Lofts.
The one-to-three-bedroom apartments, which average 1,000 square feet with floorplans unique to each unit, are now 70 percent leased, officials said.
Rents range from about $850 to $2,500.
The property dates to the 1920s, encompasses 61,000 square feet total, and has been featured in more than a dozen films, including Driving Miss Daisy, which bagged the Oscar for Best Picture.
After 94 years in Castleberry Hill, Fulton Supply Company—a local distributor of industrial supplies, equipment, and machinery—uprooted its operations to Stone Mountain.
“We’re excited to preserve a piece of rich history in Atlanta’s warehouse district,” said Roth, president of Fulton Supply Company, in a release, “and bring unique, affordable housing to the area that improves quality of life with walkable amenities and attractions.”