在七月的会议上, the Invest Atlanta 董事会 authorized seven 东区 泰德 grants totaling $27.400万年. 一旦完成, this funding will support projects that honor Atlanta’s past through the rehabilitation of key historic assets, while also strengthening the city’s economy for the future. In total, the seven projects these grants support will create 3,456 new full-time jobs, attract $486.700万年 in investment, and have an estimated economic impact of $694.300万年.
Several of the grants will be used to renovate key historic buildings—including the 90-year-old Medical Arts Building and the 127-year-old historic home of Alexander Hamilton, Jr.并使它们得到更高更好的利用. Others focus on attracting new investment and development to areas like Underground Atlanta and 南城区.
“很多都很辛苦, 精心的工作已经完成, 一块一块地,市长卡西姆·里德说, 谁以董事会主席的身份主持会议. “我们只是坚持下去.”
Below is an overview of the economic benefits these projects provide, 随附每个的简要描述.
Medical Arts Building: This Beaux-Arts style office building designed by G. Lloyd Preacher, the architect of Atlanta City Hall, is on the National Register of Historic places. The historic preservation of this vacant property will reactivate 85,000平方英尺的市中心空间.
135 Auburn Avenue: Gene Kansas Commercial 房地产 will renovate the second floor and exterior of the building into 9,500 square-feet of office space for small businesses, 企业家, 和非营利组织. “这是我感到兴奋的项目之一,” Board Vice-Chair Constance Barkley-Lewis said at the meeting. “I think this will a huge impact on improving an area that arguably should be the number one priority because it really is the heartbeat, 亚特兰大的灵魂.”
Underground Atlanta Retail and Office 发展: An 东区 泰德 grant will support the development of 325,000 square-feet of retail space that will include an anchor grocery store, 还有25岁,230平方英尺的办公空间. 议员克莱塔·温斯洛, 谁代表地下城周围的区域, spoke in support of the project at the board meeting. “This is a very exciting moment for us,” she said. “I’m looking forward to the future positive development of this area.”
The Hamilton Howell House: With the help of the $100,000东区泰德补助金, Mtamanika Youngblood will renovate and convert the historic home of Alexander Hamilton Jr. into a bed and breakfast that will promote cultural tourism and historic preservation within the Sweet Auburn community. “This is a prime example of providing moneys to support folks in the community,董事会财务主管兰迪·黑泽尔顿说.
亚特兰大地下酒吧的艾弗里:这个36美元.700万年, 4-story workforce multifamily development will sit within the heart of Underground Atlanta. 总共180个单位, 150 (83%) will be income restricted to households earning 60% AMI or below and 30 units (17%) will be market-rate units targeted at households earning 80%-120% of AMI.
Newport 南城区 重建: The board approved an $8 million 东区 泰德 grant to Newport U.S. RE to renovate and adaptively reuse 38 buildings in 南城区 into a vibrant mixed-income, 多用途社区. The development will include 52 residential units, 11 of which will be targeted to households earning 80% AMI. 整个项目估计将创造2个,300 new permanent jobs and have an economic impact of $260 million.
King Memorial MARTA Transit-Oriented 发展 (TOD): The board approved a $6 million 东区 泰德 grant to Place Properties to support the development of a $64.5 million, 385-unit modular multifamily community at the King Memorial MARTA station. Twenty-five percent of the units, or 93, will be income-restricted to households earning 80% AMI.