Plans for the massive redevelopment of the parking lots surrounding Georgia State Stadium—the former Turner Field—in Summerhill are beginning to come to light as developers seek money from Invest Atlanta to begin construction.
The first two projects to come before the group are a student housing development with room for nearly 700 residents and the commercial district along Georgia Avenue.
According to the filing by residential developer Aspen Heights Partners, plans call for a 220-unit accommodation for GSU students. The five-story building would rise at the southwest corner of the former Atlanta-Fulton County Stadium site, just across Georgia Avenue from GSU Stadium. The building would provide housing for 680 students.
Covering just 3.3 acres, the new project represents less than 10 percent of the total area slated to be developed by Carter, and just five percent of the total 72-acre campus district, which is under joint control of GSU and Carter.
Residences would range from one- to four-bedroom offerings, with each bedroom featuring a private bathroom. Rents would range from $1,175 per month for a space in one of the six one-bedroom units, to just $830 for a room in one of the 115 four-bedroom units.
The development, designed by Dallas-based GFF Architects, is slated to cost nearly $70 million.
Meanwhile, plans have also been lodged with Invest Atlanta for development of the four blocks surrounding the intersection of Georgia Avenue and Fraser Street.
Phase one of the project could bring 85,000 square feet of retail space, 19,000 square feet of creative office space, and 120 residential units to the neighborhood. Plans show surface parking filling the interior of the blocks.
David Nelson, Carter senior vice president, told Curbed Atlanta in May the company’s goal is to have the majority of buildings in the Georgia Avenue corridor renovated and filled with operating tenants by mid-summer of 2018.
Invest Atlanta will vote tonight on whether to support the two proposals.
- BOND INDUCEMENT RESOLUTION FACT SHEET ASPEN ATLANTA, GA [Invest Atlanta]
- $50,200,000 Lease-Purchase Bond Inducement Resolution Summerhill-Georgia Avenue [Invest Atlanta]