Tapestry Development, Columbia Residential Open $19M Stride Senior Residences Near Atlanta

by Jeff Shaw

DECATUR, Ga. — Tapestry Development Group and Columbia Residential have opened Stride Senior Residences, a 90-unit affordable seniors housing community in Decatur, just east of Atlanta.

Development costs were estimated at $19 million. A grand opening ceremony was held May 27 at the property.

The transit-oriented community provides critical affordability in a high-cost area, according to the developers. Eighty percent of the units serve seniors earning below 60 percent of the area median income.

The location features walkable access to a variety of retail, grocery stores, restaurants, professional services options, DeKalb Medical Center and MARTA bus lines. The new community is located in Decatur Crossing, a 26-acre, mixed-use development by Fuqua Development on the former brownfield site of a former automotive dealership and Scott Boulevard Baptist Church.

In addition to the affordable seniors housing at Stride, Decatur Crossing’s three phases contain approximately 94,000 square feet of commercial space, 14,000 square feet of office space and over 950 apartments.

Tapestry Development Group and Columbia Residential acquired the underlying Stride property in December 2017 and broke ground in May 2019.

The project was financed largely through an allocation of 9 percent federal and state low-income housing tax credits, issued by Georgia Department of Community Affairs (DCA), and Home Investment Partnership (HOME) funds from DeKalb County Community Development.

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