ATLANTA — Hunt Development Group has started construction of Phase I of Herndon Square, a 12-acre, mixed-use project in downtown Atlanta. Upon full build-out, the project will feature 700 residential units, 40,000 square feet of retail space and 20,000 square feet of community space open to the general public.
The site is located on Northside Drive, approximately one mile north of Mercedes-Benz Arena, Philips Arena, Centennial Olympic Park and the other attractions in the heart of the city. The project, a redevelopment of the former Herndon Homes affordable community, will feature a mix of affordable and market-rate apartments and for-sale townhomes. Development costs are estimated at $166 million.
Phase I of the project will include a five-story affordable housing building for seniors totaling 97 units, as well as an associated surface parking lot. Phase II will include a residential building and mixed-use building with a grocery store as the ground-floor anchor.
Phase III will add another residential building and a second mixed-use building with ground-floor retail and apartments above, as well as the Herndon Green public outdoor area and a community supportive services building. Phase IV will add a final apartment building, while the fifth and final phase will add 32 for-sale townhomes.
For all the apartment buildings, land use restrictive covenantswill preserve affordability for a minimum of 30 years.
The Atlanta Housing Board of Commissioners authorized Atlanta Housing to redevelop the site. Although the project was announced in 2016, construction didn’t officially start until January 2020.
The full development is scheduled for completion in 2027. Project partners include Oakwood Development Group, Atlanta Housing, Envolve, WRS Real Estate Investments and Pennrose.
— Jeff Shaw