A Birmingham, Alabama-based company, Capstone Building Corporation has broken ground on a transit-oriented, multifamily housing project intended to revitalize the Edgewood neighborhood of Atlanta, Georgia.
The project is expected to cost $33 million and will be a part of revitalization efforts near the Edgewood-Candler Park MARTA Station.
“The revitalization of urban areas is occurring across the country, and the metro Atlanta area is no exception,” said Jay Chapman, CEO of Capstone Building Corp., in a press release.
“People have a desire to move closer to the city to be more mobile and reduce transportation costs. The new multifamily development at the Edgewood MARTA station is the ideal location for a millennial or young professional looking to be part of this urban shift. Capstone Building Corp. is proud to be serving as general contractor on this unique redevelopment project,” he continued.
The project will be a five-story building with 224 units, comprising a total 232,218 square feet of residential space.
The residences will be located above a 103,044-square-foot parking deck.