Home News Images: How project with fully furnished, $1K apartments turned out

Images: How project with fully furnished, $1K apartments turned out

by admin
0 comment

An affordable home improvement project on Atlanta’s West Side offers what its backers call a revolutionary new model, relatively low-rent modern accommodations, and pride from a long-suffering community location. After providing the source of

For nearly 20 years, the complex, which has been the largest number of units in the Hunter Hills area, has been built on 1,200 blocks of Mobile Street, according to affordable housing developer Richard Taylor, managing partner of ARRC Capital Partners. It was an eyesore for vacant houses in the city and was declining as a haven for criminal activity.

The property contains two apartments totaling less than 12,000 square feet, built in 1960 in Hunter Hills. Hunter Hills was one of the few planned black communities in Atlanta at the time, attracting both blue-collar and white-collar homeowners since the 1940s. Its location was promising, being about two blocks west of the planned extension of the West Side Trail on the Beltline and he’s less than a mile away from both new trails. Westside Park and Microsoft’s future campus In a former quarry.


The contrast between the overhauled property before adding the exterior art and the current one. Courtesy of ARRC Capital Partners

ARRC has teamed up with developer Alexander Goshen and Tenth Street Ventures, veterans of old apartment renovations in locations such as: buck head When midtownturning a crumbling garden-style rental into a creative example of an attainable rental that salvaged the bones of the complex. did.

The result is 12Hundred Studios. This doubles the number of housing options (from 20 to 40) by reconfiguring the apartments into 40 micro units, with only sofas that transform into Murphy bed and washer/dryer combo units. A project to live like an efficient hotel room.

Backed by below market rate financing from the Atlanta Affordable Housing Fund and the American South Real Estate Fund, the $4 million project will help people earning 60% of the average income in the region without government subsidies. , less, said Taylor.

It will open for rent in May and is expected to be 90% full within the next week.

“Two of the biggest contributors to crime are vacant homes and [nonfunctioning] We fixed streetlights, and both of them,” Taylor wrote in an email to Urbanize Atlanta. can do.”

At around 250 square feet on average, 12Hundred Studios’ products can’t be accused of being unnecessarily large.

But the $1,012 monthly rent includes basically everything a tenant needs (minus utilities), elevating “furnished” to the level of highly rated short-term rentals. TV, bedding, towels, washer/dryer, and even plates, glasses, and silverware are all included. The goal is to create a seamless move-in and move-out experience that eliminates costly moving expenses.

Taylor describes the finish as “arguably the most modern and up-to-date on that side of town.”


One of today’s nearly 250 square feet of interiors. Courtesy of ARRC Capital Partners

Previous tenants include police officers after the developer partnered with the Atlanta Police Foundation to naturally bring more police into the area. said open the doorSeeking another partnership with home firsthelps support both those who are displaced and those experiencing homelessness.

Anyone with an annual income of about $49,000 or less is eligible to move into the apartment, project officials said last year.

Beyond the unit itself, the property has recently planted productive fruit trees by Trees Atlanta, gazebos, and eye-catching murals by local artists chosen by their Hunter Hills neighbors.

Earlier this year, 12Hundred Studios won Winner of “Atlanta’s Best New Multi-Family Development” in CoStar’s Community Impact Awards, former Mayor Keisha Lance Bottoms named it as a project that demonstrates her legislative priorities.

“Neighbors especially appreciate what they have done for their communities and how they have been able to incorporate their inspiration into the community murals.”

Visit the gallery above for an overview of where the 12Hundred Studios project began and what it has to offer today.

Westside development for ‘very low-income’ households on the rise (Urbanization of Atlanta)

You may also like