Project would renovate Midtown fire station, add 282 apartment units above
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The 282-unit high-rise/fire station hybrid on 10th Street could be completed in 2028.
Have you always dreamed of living above a fire station? How about in Midtown and at an affordable price?
Why it matters: A proposed plan to build dozens of affordable housing units in Midtown would bring cheaper rental options to a part of Atlanta where very few are available.
The latest: Invest Atlanta's board of directors recently approved a resolution to issue $85 million in revenue bonds to finance a project that would build 282 apartments above Fire Rescue Station No. 15 on 10th Street in Midtown.
Zoom in: Plans call for renovating the fire station, which would be on the ground floor. Residential units and accompanying parking space would rise above the station, according to Invest Atlanta documents.
- Along with market rate and affordable units, there's also a possibility that some of the residences could be reserved for firefighters.
- The multi-family development will also have a co-working space, clubroom and a bike storage area.
- The Atlanta Urban Development Corporation, the city's affordable housing development entity, would be tasked with building the $155 million project.
What they're saying: Matt Fogt, vice president of marketing and communications with Invest Atlanta, told Axios operations at the fire station will be temporarily relocated during the construction project.
By the numbers: The 86 units designated as affordable would stay that way for 99 years, according to Invest Atlanta.
- 57 of those units will be reserved for people making 50% of the area median income, which is about $45,700 for a two-income household.
- 29 units will be for people making no more than 80% of the AMI, or about $73,120 for a two-person household.
- The remaining will be offered at market rate: 16 studio units ($1,771), 109 one-bedroom units ($2,185), 57 two-bedroom units ($2,959); and 14 three-bedroom units ($3,225).
The big picture: This project would push Atlanta toward Mayor Andre Dickens' goal to preserve or add 20,000 affordable housing units by 2030.
- During a groundbreaking ceremony last month for the Sylvan Hills II affordable housing development, Dickens said the city had completed 6,800 of those units and another 5,000 are already under construction or funded.
What's next: Fogt said a groundbreaking for the project is expected to happen in 2026 and construction is expected to take two years.