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MARTA’s mixed-use redo in Edgewood scores restaurant, wine bar

Meanwhile, the final transit-oriented apartment component predicts winter delivery

Five years after MARTA’s first transit-oriented development broke ground in Atlanta, the totality of how the project will look and function is coming into focus.

Columbia Ventures officials tell Urbanize Atlanta two food-and-beverage operators have signed leases for retail space in the heart of the multifaceted, 6.3-acre TOD along the southern rim of the Edgewood/Candler Park MARTA station.

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Source: Urbanize – Atlanta

Mixed-Housing Pioneer Noel Khalil Dies At 70

Columbia Residential and Columbia Ventures CEO Noel Khalil, a giant in Atlanta affordable housing development, died Monday after a three-year battle with cancer, Columbia executives told Bisnow. He was 70.

In 2013, Khalil formed Columbia Ventures, a market-rate and mixed-use division that partnered in the development of Studioplex in the Old Fourth Ward, Beacon Station in Augusta, and the transit-oriented mixed-use development connected to the Avondale MARTA station and Edgewood/Candler.

Columbia developed, owns and manages a number of projects around the Southeast, including the Villages at East Lake Gardenside, Amani Place in Edgewood, Capitol View Apartments, and many other Columbia-branded apartments and senior housing complexes in the city. Between 2018 and 2020, Columbia Residential and Columbia Ventures have invested in excess of $500M in 2,500 units of both affordable, mixed-income and market-rate units.

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Source: BISNOW – Atlanta

How a new BeltLine project reflects demand for apartments in a pandemic

A new 114-unit building at 678 Edgewood, part of the 23-year-old Studioplex development on Atlanta’s BeltLine, shows how multifamily developers have adjusted to the realities of pandemic apartment hunting.

Columbia Ventures is outfitting the $37 million project with 80% studios and one-bedrooms, a unit mix that might have once seemed “avant-garde” to other apartment developers,” said the firm’s managing partner Dillon Baynes. Even today, many developers still plan just 50% of their units as studios or ones.

Baynes, however, said times have changed.

“COVID solidified our thesis,” Baynes said. “A lot of folks want to live without a roommate.”

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Source: Atlanta Business Chronicle

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