Home News Multifamily Project The Reid Announced Adjacent BeltLine, Home Grown

Multifamily Project The Reid Announced Adjacent BeltLine, Home Grown

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Toro development company (TDC) closed on 1.64 acres for development LeadThe 186-unit condominium community on Memorial Drive in Reynolds Town, the company announced Wednesday.The property is with the Atlanta Beltline Eastside Trail homemadeA diner known for its Southern cuisine and retro style.

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15% of Reed’s units are affordable at 80% Area Median Income (AMI). Reid marks the TDC team’s fourth condominium project along the Belt Line, following Edge OTB, Anthem on Ashley, and BOHO4W (now Camden Four Ward). Construction will begin in the first quarter of 2023 and the first unit will be delivered in the third quarter of 2024.

Reed was developed on land previously owned by the Reed family and served as a place for their business. Reed’s Body Shop.. After more than 60 years of operation, the family brought the property to market at the end of last year, paving the way for housing development that was previously zoned by the city of Atlanta.

The TDC team quickly pointed out that Home Grown wasn’t part of the land purchase and hopes the diner will continue to be a Reynolds Town fixture. “Home Grown is an Atlanta icon,” TDC partner Richard Munger said in a press release. “We are big fans and we know that will be the case with our residents. With Home Grown and Belt Line as our neighbors, this site is very special and a place to help meet the great demand for homes in Atlanta. We pay close attention to the creation. We look forward to becoming an active member of the neighborhood and will submit an SAP in the next few days. “

Through the name of the new development, TDC celebrates the contribution of the lead family to the neighborhood and incorporates original souvenirs from the shop as an important part of the project design. These efforts pay tribute to the family’s decades of positive impact on their neighbors and preserve their heritage for the next generation.

“I am honored to know that this project is called a” lead “. ” Robert Reed Said Reed’s Body Shop. “Our family has long been an active part of the community, and we’re glad that new owners care about the history of property. We see this as a great new place for people to live in. I’m looking forward to it. ”

Located in 952 Memorial Drive Southeast, Reed features a studio, one- and two-bedroom apartments, and a rooftop pool. The units on the ground floor are designed to engage on street levels and support pedestrian activity. In addition to BeltLine and Home Grown, The Reid is just a short walk to various retail stores such as Atlanta Dairies and Madison Yards.

Reed marks the first condominium development in TDC’s portfolio.Founded by a veteran real estate developer Mark Toro In 2021, TDC was led by a team that included: Richard Manger, John Kerry, Vicky voiceWhen Carla Cox.. While working together in North American Property Atlanta, the team led Atlantic Station Turnaround, Alpharetta’s Avalon Zero Development, Midtown Colony Square Redevelopment, and a variety of best-in-class multi-family communities. .. In Atlanta and Nashville.

Last month, TDC announced the first multipurpose project in its portfolio. Redevelopment of Johns Creek’s 43-acre site.. This project supports the recently passed City Town Center Vision and Plan. This is a multi-step development strategy focused on bringing new retail, dining, housing and entertainment experiences to the community.

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