A new development is turning a Reynoldstown motel into 54 apartments.
Ralph David House is an adaptive-reuse project at 277 Moreland Avenue. The apartments are expected to be reserved for those earning 30 percent of Area Median Income (AMI) or less and who were previously unhoused. In addition to the residential units, the project could include an onsite social worker office.
Stryant Investments LLC is developing the project. In recent years, Stryant Investments, LLC has completed more than 200 single-family rehabilitation projects, 500 apartment unit renovations, and 46,000 square feet of commercial buildout, according to the company. Their portfolio includes several residential and commercial projects in Atlanta, including Academy Lofts at Adair Park.
Terminus Design Group is the architect of record. The low-rise structure, formerly a motel, was originally built in 1960.
Funding for Ralph David House includes more than $550,000 from Atlanta BeltLine, Inc. According to the organization, this marks the first time Atlanta BeltLine, Inc. invested in a project with all permanently supportive housing units.
The project broke ground in early December 2023.
Ralph David House is one of several recent affordable housing developments along the BeltLine, which also includes the 56-unit Stanton Park Apartments in Peoplestown and 160 units of senior housing at Englewood Manor.
The board of directors of Atlanta Beltline, Inc. and Invest Atlanta recently approved the passage of the $172 million budget for fiscal year 2025, which will help them exceed their affordable housing goal of 5,600 units by 2030.
The BeltLine currently has 488 new affordable housing units in the pipeline for 2024, with plans to add another 626 units in 2025.
Stats
Elapsed time: 0.3700 seconds
Memory useage: 2.26MB
V2.geronimo