Mayor Kasim Reed and Invest Atlanta President and CEO Dr. Eloisa Klementich were among those who celebrated the official groundbreaking for Castleberry Park, a new $90 million mixed-use development in the Castleberry Hill neighborhood on Atlanta’s Westside.
“Castleberry Park is yet another example of how our Administration is keeping our promise of promoting revitalization and equitable development in Atlanta’s Westside neighborhoods,” said Mayor Reed. “Castleberry Hill has already established itself as one of Atlanta’s most vibrant arts communities, and welcoming a new complex with a Hard Rock brand hotel is a perfect addition to the neighborhood. The new development is steps away from the Mercedes-Benz Stadium, and will serve as an economic catalyst for the area.”
Others in attendance for the Feb. 28 event included: Bolton Atlanta, LP general manager Yanfeng “Frank” Chen, Gallman Development Group, LLC CEO Bruce Gallman, Central Atlanta Progress President A.J. Robinson, Atlanta City Councilmembers Ivory Young, Kwanza Hall and Cleta Winslow, Horwath HTL Managing Director Paul Breslin, and Castleberry Hill Neighborhood Association President Carrie Sagel Burns.
Once complete, Castleberry Park will include a 200-room Hard Rock brand hotel, ground-level retail, a public park, and approximately 130 apartments. The Invest Atlanta board has approved a grant of $4.2 million from the Westside Tax Allocation District (TAD) to assist with the project, which will help ensure that 20 percent of the new apartments in the development are affordable units. The property is slated to be completed in 2019.
“Invest Atlanta continues to focus on delivering strategic investments in projects throughout the Westside TAD, and we are proud to work with Bolton Atlanta, LP and Gallman Development Group to bring Castleberry Park to fruition,” said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. “Thanks to our partnership, this new complex will offer more affordable housing options for working families within the City of Atlanta.”
Mayor Reed and Invest Atlanta continue to bring in new public and private resources to support economic and civic development in the Westside, particularly along the Martin Luther King Jr. Drive corridor. Last year, the City of Atlanta pledged more than $30 million in new infrastructure, greenspace expansion and to fund MLK Dr. streetscape improvements, which will transform the iconic road into a connected corridor with a Complete Streets approach.