The Atlanta Housing Authority recently voted to allow a high-visibility piece of downtown land to be sold to a developer that’s currently suing the agency, according to Saporta Report.
Kaplan Residential wants a plot of land near Centennial Olympic Park, and for more than two years, the developer has been tapping its feet, itching to erect a 336-unit apartment complex called “Generation Atlanta,” according to Bisnow.
Kaplan claimed in a February lawsuit that the city’s housing authority tried to impede the deal with property owner Integral Group. Kaplan CEO Morris Kaplan told Bisnow the friction might stem from some bad blood between AHA and Integral CEO Egbert Perry.
But AHA’s Friday vote means the stick is out of the spokes: Kaplan can finally advance its plans for the $83 million apartment complex, which will target millennials with lower rents (plus a smattering of affordable housing) than can be found in neighboring Midtown, officials have previously said.
The 12-story structure would be designed by architecture firm Niles Bolton Associates.
Complementing the studios, one-, and two-bedroom units, Generation will offer amenities such as a 3,200-square-foot rooftop terrace, a rooftop lounge, and a pool.
Also: “An architectural screen [will mask] the 380 space parking deck from the generous pool patio which overlooks the iconic Centennial Olympic Park,” according to the firm’s website.
Construction is expected to be complete in 2020.