Pennrose and Atlanta Housing Partner for 201-Unit Mixed-Income Project

Pennrose and Atlanta Housing Partner for 201-Unit Mixed-Income Project

Pennrose Development, in partnership with Atlanta Housing, is set to begin construction on the second phase of Herndon Square. This highly anticipated project will bring 170 new affordable housing units and 31 market-rate units to the city, located just one mile north of Mercedes-Benz Stadium. With a budget of $112 million, this development is expected to make a significant impact on the community.

Herndon Square Phase 2 will offer a variety of one-, two-, and three-bedroom apartments at affordable prices ranging from 30-80% of metro Atlanta’s area median income (AMI). The complex will also feature an enclosed parking deck, wellness clinic, interior courtyard and green space for residents’ enjoyment.

In addition to residential units, Phase 2 includes plans for a commercial space spanning over 10

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts