Construction of 160 new, mixed-income affordable housing targeted for seniors will soon begin at 1265 Lakewood Ave. The development, located adjacent to the BeltLine in the Chosewood Park community, was approved for final bond resolution by the Invest Atlanta Board.
Amenities will include a community room with kitchen, fitness center, business center, wellness room, interior gathering areas, laundry room and a community garden. There also will be ongoing residential activities designed to meet the needs of the community.
According to Alan Ferguson, senior vice president of Community Development at Invest Atlanta, seniors are one of the fastest-growing demographics in Atlanta. “The demand for affordable senior housing is tremendous,” said Ferguson. “Every project that we’ve completed over the past seven years focused on senior housing has leased up within less than 60 days, without exception. We expect this project to perform similarly well.”