Images: Strikingly modern, mixed-income build in works near Beltline
Images: Strikingly modern, mixed-income build in works near Beltline
Images: Strikingly modern, mixed-income build in works near Beltline
Josh Green
Tue, 01/28/2025 – 14:15
Just steps from an under-construction new MARTA transit line, a pointy patch of vacant land on Atlanta’s southside could spring to life soon as mixed-income apartments and workspaces for launching businesses, according to developers.
CMC Development Group has closed on construction financing for a strikingly modern venture called Ridge Commons that would rise at 1100 Ridge Ave. in Peoplestown. The 1-acre site is about two blocks from segments of the Atlanta Beltline’s Southside Trail that are currently under construction.
The location is also just north of the Terminal South food hall and creative offices project that’s expected to open in coming months. Just to the east, along Hank Aaron Drive, is the route for MARTA’s first new transit line in decades, a five-mile, bus-rapid transit route linking to downtown that’s now called the A-Line.
According to CMC Development, the 50,000-square-foot, mixed-income Ridge Commons project calls for just 44 residential units, tucked in an area between industrial lots and quiet lanes of houses.
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Plans call for a mix of one and two-bedroom apartments, including some live-work units meant for “entrepreneurs and artists.” Twenty percent of the units will be offered at unspecified below-market rates, per the project’s website.
We’ve reached out to CMC Development this week for more information, including details on a groundbreaking, and we’ll update this story with any additional details that come. City of Atlanta permitting records show no recent activity at the site, which is currently zoned for mixed commercial and residential uses.
A project overview states Ridge Commons received construction financing in October—a mix of Low Income Housing Tax Credits, CMC Equity, and Invest Atlanta funds—and expects to open for tenants in June 2026, the same month as Atlanta’s first FIFA World Cup matches.
CMC Development Group
CMC Development Group
CMC Development, a New York-based firm with a satellite office on Peachtree Road in Buckhead, counts a number of projects from the Bronx to Brooklyn in its portfolio. It’s also a joint-venture partner in a residential project near East Point’s MARTA hub and historic downtown called Norman Berry Village.
The Ridge Avenue project is not to be mistaken with the apartment component of Terminal South, which has proposed 350 units—to the chagrin of some Peoplestown neighbors.
Find more context and images for the Ridge Commons proposal in the gallery above.
…
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• Peoplestown news, discussion (Urbanize Atlanta)
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
The Peoplestown site in relation to downtown Atlanta and the Connector expressway. CMC Development Group
Images: Strikingly modern, mixed-income build in works near Beltline
Josh Green
Tue, 01/28/2025 – 14:15
Just steps from an under-construction new MARTA transit line, a pointy patch of vacant land on Atlanta’s southside could spring to life soon as mixed-income apartments and workspaces for launching businesses, according to developers.
CMC Development Group has closed on construction financing for a strikingly modern venture called Ridge Commons that would rise at 1100 Ridge Ave. in Peoplestown. The 1-acre site is about two blocks from segments of the Atlanta Beltline’s Southside Trail that are currently under construction.
The location is also just north of the Terminal South food hall and creative offices project that’s expected to open in coming months. Just to the east, along Hank Aaron Drive, is the route for MARTA’s first new transit line in decades, a five-mile, bus-rapid transit route linking to downtown that’s now called the A-Line.
According to CMC Development, the 50,000-square-foot, mixed-income Ridge Commons project calls for just 44 residential units, tucked in an area between industrial lots and quiet lanes of houses.
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Plans call for a mix of one and two-bedroom apartments, including some live-work units meant for “entrepreneurs and artists.” Twenty percent of the units will be offered at unspecified below-market rates, per the project’s website.
We’ve reached out to CMC Development this week for more information, including details on a groundbreaking, and we’ll update this story with any additional details that come. City of Atlanta permitting records show no recent activity at the site, which is currently zoned for mixed commercial and residential uses.
A project overview states Ridge Commons received construction financing in October—a mix of Low Income Housing Tax Credits, CMC Equity, and Invest Atlanta funds—and expects to open for tenants in June 2026, the same month as Atlanta’s first FIFA World Cup matches.
CMC Development Group
CMC Development Group
CMC Development, a New York-based firm with a satellite office on Peachtree Road in Buckhead, counts a number of projects from the Bronx to Brooklyn in its portfolio. It’s also a joint-venture partner in a residential project near East Point’s MARTA hub and historic downtown called Norman Berry Village.
The Ridge Avenue project is not to be mistaken with the apartment component of Terminal South, which has proposed 350 units—to the chagrin of some Peoplestown neighbors.
Find more context and images for the Ridge Commons proposal in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Peoplestown news, discussion (Urbanize Atlanta)
Tags
1100 Ridge Avenue
Ridge Commons
Workforce Housing
CMC Development
CMC Development Group
Southside
Beltline
Southside Trail
Atlanta BeltLine
Hank Aaron Drive
Atlanta Development
Atlanta Construction
CMC Equity
Low-Income Housing Tax Credit program
Low-Income Housing Investment Tax Credits
Affordable Housing
MARTA Rapid Summerhill
Bus Rapid Transit
bus rapid transit
A-Line
Images
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
The Peoplestown site in relation to downtown Atlanta and the Connector expressway. CMC Development Group
Subtitle
Transit-connected project to include live-work spaces for entrepreneurs and artists, per developers
Neighborhood
Peoplestown
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Image
Before/After Images
Sponsored Post
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Images: Strikingly modern, mixed-income build in works near Beltline
Josh Green
Tue, 01/28/2025 – 14:15
Just steps from an under-construction new MARTA transit line, a pointy patch of vacant land on Atlanta’s southside could spring to life soon as mixed-income apartments and workspaces for launching businesses, according to developers.
CMC Development Group has closed on construction financing for a strikingly modern venture called Ridge Commons that would rise at 1100 Ridge Ave. in Peoplestown. The 1-acre site is about two blocks from segments of the Atlanta Beltline’s Southside Trail that are currently under construction.
The location is also just north of the Terminal South food hall and creative offices project that’s expected to open in coming months. Just to the east, along Hank Aaron Drive, is the route for MARTA’s first new transit line in decades, a five-mile, bus-rapid transit route linking to downtown that’s now called the A-Line.
According to CMC Development, the 50,000-square-foot, mixed-income Ridge Commons project calls for just 44 residential units, tucked in an area between industrial lots and quiet lanes of houses.
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Plans call for a mix of one and two-bedroom apartments, including some live-work units meant for “entrepreneurs and artists.” Twenty percent of the units will be offered at unspecified below-market rates, per the project’s website.
We’ve reached out to CMC Development this week for more information, including details on a groundbreaking, and we’ll update this story with any additional details that come. City of Atlanta permitting records show no recent activity at the site, which is currently zoned for mixed commercial and residential uses.
A project overview states Ridge Commons received construction financing in October—a mix of Low Income Housing Tax Credits, CMC Equity, and Invest Atlanta funds—and expects to open for tenants in June 2026, the same month as Atlanta’s first FIFA World Cup matches.
CMC Development Group
CMC Development Group
CMC Development, a New York-based firm with a satellite office on Peachtree Road in Buckhead, counts a number of projects from the Bronx to Brooklyn in its portfolio. It’s also a joint-venture partner in a residential project near East Point’s MARTA hub and historic downtown called Norman Berry Village.
The Ridge Avenue project is not to be mistaken with the apartment component of Terminal South, which has proposed 350 units—to the chagrin of some Peoplestown neighbors.
Find more context and images for the Ridge Commons proposal in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Peoplestown news, discussion (Urbanize Atlanta)
Tags
1100 Ridge Avenue
Ridge Commons
Workforce Housing
CMC Development
CMC Development Group
Southside
Beltline
Southside Trail
Atlanta BeltLine
Hank Aaron Drive
Atlanta Development
Atlanta Construction
CMC Equity
Low-Income Housing Tax Credit program
Low-Income Housing Investment Tax Credits
Affordable Housing
MARTA Rapid Summerhill
Bus Rapid Transit
bus rapid transit
A-Line
Images
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
The Peoplestown site in relation to downtown Atlanta and the Connector expressway. CMC Development Group
Subtitle
Transit-connected project to include live-work spaces for entrepreneurs and artists, per developers
Neighborhood
Peoplestown
Background Image
Image
Before/After Images
Sponsored Post
Off
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
Crescent Helming 400-Unit Durham Apartment Project
Crescent Helming 400-Unit Durham Apartment Project
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions are investing in the project, along with Crescent Communities, which obtained a construction loan from Santander Bank. The Triangle Business Journal reports that The Novel UHill is expected to cost over $100 million to build.
Novel UHill is on two parcels totaling 6.5 acres at 3737 Durham Chapel Hill Boulevard and 3019 Auto Drive. Crescent acquired the properties in two separate transactions for $8.8 million.
The developer plans to open the first apartments at the end of 2026. The entire project should be complete by the end of 2027. Townhomes will also be part of the project.
Rental rates will be between $1,900 for a studio and upwards of $4,000 for 3-bedroom townhomes. The apartments will range from studios to three bedrooms and be between 600 and 1,500 square feet. The townhomes will have two- and three-bedroom options and average about 1,800 square feet.
The post Crescent Helming 400-Unit Durham Apartment Project appeared first on Connect CRE.
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions are investing in the project, along with Crescent Communities, which obtained a construction loan from Santander Bank. The Triangle Business Journal reports that The Novel UHill is expected to cost over $100 million to build. …
The post Crescent Helming 400-Unit Durham Apartment Project appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions are investing in the project, along with Crescent Communities, which obtained a construction loan from Santander Bank. The Triangle Business Journal reports that The Novel UHill is expected to cost over $100 million to build. …
The post Crescent Helming 400-Unit Durham Apartment Project appeared first on Connect CRE.
Investors Raise Over $100M for Nashville Sr. Housing Project
Investors Raise Over $100M for Nashville Sr. Housing Project
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton serve as the main architects, while Bacar Constructors is the general contractor.
The affordable project is scheduled for completion in December 2026. Upon delivery, Northview Housing will cater to seniors earning between 40 and 80 percent of the area median income. The development is rising at 876 W. Trinity Lane on Born Again Church’s campus in the Haynes-Trinity neighborhood just outside Nashville.
Financing includes $43.9 million in tax-credit equity and $53 million in multifamily tax-exempt bonds provided by The Tennessee Housing Development Agency, as well as a $19 million loan from Amazon’s Housing Equity Fund.
Common-area amenities are set to include a fitness center, a rooftop deck, restaurants, a health clinic, a pharmacy, a salon walking trails and recreational spaces.
The post Investors Raise Over $100M for Nashville Sr. Housing Project appeared first on Connect CRE.
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton serve as the main architects, while Bacar Constructors is the general contractor. The affordable project is scheduled …
The post Investors Raise Over $100M for Nashville Sr. Housing Project appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton serve as the main architects, while Bacar Constructors is the general contractor. The affordable project is scheduled …
The post Investors Raise Over $100M for Nashville Sr. Housing Project appeared first on Connect CRE.
Report: ATL home prices ballooned nearly 60 percent since pandemic
Report: ATL home prices ballooned nearly 60 percent since pandemic
Report: ATL home prices ballooned nearly 60 percent since pandemic
Josh Green
Tue, 01/28/2025 – 08:43
An eye-popping report released this week by Georgia Multiple Listing Service could be either disconcerting or a cause for celebration, depending on which side of the homeownership divide metro Atlantans fall.
The year-end 2024 figures compiled by Georgia MLS contrast the state of home prices across (traditionally affordable) metro Atlanta and Georgia today versus five years ago—or the last full year before a global pandemic sent the housing market into a tizzy, especially in Sun Belt places such as Atlanta and its suburbs.
Perhaps the most compelling number is the change in median close prices—a jump of 59 percent—for homes across what Georgia MLS considers Atlanta’s “core counties” between 2019 and 2024. (Those 12 counties are: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding, and Rockdale.)
That means the median home sale five years ago around Atlanta was about $255,000. Today it’s $405,000, according to Georgia MLS’ tally for 2024.
That mark is still slightly less than the national sales median for 2024, when a dearth of supply led to a nearly 30-year low in total sales of previously occupied homes for the second year running—or what the Associated Press called the “latest evidence that homeownership is becoming increasingly less accessible to many Americans.”
Shutterstock
The phenomenon of dwindling supply has been felt locally, too.
More than 77,000 homes sold in metro Atlanta in 2019. But last year, that number had dipped by nearly 28 percent to just over 55,700, according to Georgia MLS tabulations.
If there’s any good news for buyers in the five-year roundup, it’s that homes stayed on the market longer in 2024 than at any point since the teens.
According to Georgia MLS, the median days-on-market for homes around Atlanta last year was 22 days. (Contrast that with the lunacy that was pandemic-era 2021, when the median DOM was a mere six days.)
Here’s a snapshot of Georgia MLS’ findings, both for Georgia at large and the dozen core counties around its capital city:
Georgia MLS
…
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Shutterstock
Georgia MLS
Report: ATL home prices ballooned nearly 60 percent since pandemic
Josh Green
Tue, 01/28/2025 – 08:43
An eye-popping report released this week by Georgia Multiple Listing Service could be either disconcerting or a cause for celebration, depending on which side of the homeownership divide metro Atlantans fall.
The year-end 2024 figures compiled by Georgia MLS contrast the state of home prices across (traditionally affordable) metro Atlanta and Georgia today versus five years ago—or the last full year before a global pandemic sent the housing market into a tizzy, especially in Sun Belt places such as Atlanta and its suburbs.
Perhaps the most compelling number is the change in median close prices—a jump of 59 percent—for homes across what Georgia MLS considers Atlanta’s “core counties” between 2019 and 2024. (Those 12 counties are: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding, and Rockdale.)
That means the median home sale five years ago around Atlanta was about $255,000. Today it’s $405,000, according to Georgia MLS’ tally for 2024.
That mark is still slightly less than the national sales median for 2024, when a dearth of supply led to a nearly 30-year low in total sales of previously occupied homes for the second year running—or what the Associated Press called the “latest evidence that homeownership is becoming increasingly less accessible to many Americans.”
Shutterstock
The phenomenon of dwindling supply has been felt locally, too.
More than 77,000 homes sold in metro Atlanta in 2019. But last year, that number had dipped by nearly 28 percent to just over 55,700, according to Georgia MLS tabulations.
If there’s any good news for buyers in the five-year roundup, it’s that homes stayed on the market longer in 2024 than at any point since the teens.
According to Georgia MLS, the median days-on-market for homes around Atlanta last year was 22 days. (Contrast that with the lunacy that was pandemic-era 2021, when the median DOM was a mere six days.)
Here’s a snapshot of Georgia MLS’ findings, both for Georgia at large and the dozen core counties around its capital city:
Georgia MLS
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Atlanta scores spot on shortlist of ‘most visited cities’ (Urbanize Atlanta)
Tags
Georgia MLS
Georgia Multiple Listing Service
Atlanta homes
Atlanta Homes for Sale
Atlanta Cost of Living
Atlanta home prices
Georgia Home Prices
COVID-19
Pandemic
Inflation
Images
Shutterstock
Georgia MLS
Subtitle
A cause for concern—or celebration?
Neighborhood
Citywide
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
Report: ATL home prices ballooned nearly 60 percent since pandemic
Josh Green
Tue, 01/28/2025 – 08:43
An eye-popping report released this week by Georgia Multiple Listing Service could be either disconcerting or a cause for celebration, depending on which side of the homeownership divide metro Atlantans fall.
The year-end 2024 figures compiled by Georgia MLS contrast the state of home prices across (traditionally affordable) metro Atlanta and Georgia today versus five years ago—or the last full year before a global pandemic sent the housing market into a tizzy, especially in Sun Belt places such as Atlanta and its suburbs.
Perhaps the most compelling number is the change in median close prices—a jump of 59 percent—for homes across what Georgia MLS considers Atlanta’s “core counties” between 2019 and 2024. (Those 12 counties are: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding, and Rockdale.)
That means the median home sale five years ago around Atlanta was about $255,000. Today it’s $405,000, according to Georgia MLS’ tally for 2024.
That mark is still slightly less than the national sales median for 2024, when a dearth of supply led to a nearly 30-year low in total sales of previously occupied homes for the second year running—or what the Associated Press called the “latest evidence that homeownership is becoming increasingly less accessible to many Americans.”
Shutterstock
The phenomenon of dwindling supply has been felt locally, too.
More than 77,000 homes sold in metro Atlanta in 2019. But last year, that number had dipped by nearly 28 percent to just over 55,700, according to Georgia MLS tabulations.
If there’s any good news for buyers in the five-year roundup, it’s that homes stayed on the market longer in 2024 than at any point since the teens.
According to Georgia MLS, the median days-on-market for homes around Atlanta last year was 22 days. (Contrast that with the lunacy that was pandemic-era 2021, when the median DOM was a mere six days.)
Here’s a snapshot of Georgia MLS’ findings, both for Georgia at large and the dozen core counties around its capital city:
Georgia MLS
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Atlanta scores spot on shortlist of ‘most visited cities’ (Urbanize Atlanta)
Tags
Georgia MLS
Georgia Multiple Listing Service
Atlanta homes
Atlanta Homes for Sale
Atlanta Cost of Living
Atlanta home prices
Georgia Home Prices
COVID-19
Pandemic
Inflation
Images
Shutterstock
Georgia MLS
Subtitle
A cause for concern—or celebration?
Neighborhood
Citywide
Background Image
Image
Before/After Images
Sponsored Post
Off
Nightingale CEO Elie Schwartz Charged With Wire Fraud
Nightingale CEO Elie Schwartz Charged With Wire Fraud
Prosecutors charged embattled Nightingale Properties CEO Elie Schwartz with a single count of wire fraud at a federal courthouse in Atlanta Wednesday morning.
Prosecutors charged embattled Nightingale Properties CEO Elie Schwartz with a single count of wire fraud at a federal courthouse in Atlanta Wednesday morning. Read MoreBisnow News Feed
Prosecutors charged embattled Nightingale Properties CEO Elie Schwartz with a single count of wire fraud at a federal courthouse in Atlanta Wednesday morning.
This Week’s Atlanta Deal Sheet: Denver Developer Razing Former Kellogg’s Plant For New Warehouse
This Week’s Atlanta Deal Sheet: Denver Developer Razing Former Kellogg’s Plant For New Warehouse
A Denver-based real estate firm is getting into the rail-served warehouse game in Metro Atlanta.
A Denver-based real estate firm is getting into the rail-served warehouse game in Metro Atlanta. Read MoreBisnow News Feed
A Denver-based real estate firm is getting into the rail-served warehouse game in Metro Atlanta.