CRE 101 Blog

Atlanta BeltLine Inc. is taking steps forward on a proposed mixed-use development with affordable housing in northwest Atlanta.

According to a Developments of Regional Impact (DRI) filing, the project at 425 Chappell Road would create approximately 1,100 residential units and 5,000 square feet of commercial space. About 30 percent of the residential units would be designated affordable.

The nearly 32-acre site is the BeltLine’s largest land acquisition to date. The organization acquired the property in the Bankhead/Historic Westin Heights neighborhood in 2021 for $25.6 million from Brock Built Homes.

The property, next to Maddox Park, is located near the Bankhead MARTA station and a planned segment of the Atlanta BeltLine Westside Trail.

At full buildout, the development would have a value of $270 million, according to the DRI filing. The project has an estimated completion date of 2030.

Atlanta BeltLine Inc. is working on several development projects in the city, including the 20-acre Murphy Crossing, which would create commercial space and about 1,100 residential units.

​ Real Estate, 425 Chappell Road, Atlanta BeltLine Inc., Bankhead, Historic Westin Heights The $2.7 million mixed-use development would include affordable housing and commercial space. Read MoreWhat Now AtlantaReal Estate – What Now Atlanta