The Invest Atlanta Board of Directors has approved funding from the Campbellton Road TAD Predevelopment Assistance Fund to redevelop approximately 11 acres immediately across from Greenbriar Mall.
Riddle Property Group will receive up to $250,000 to provide mezzanine loan funds for the Briarwood redevelopment project, a $42 million mixed-use district comprised of affordable housing, medical offices, retail and other public amenities.
The project will bring affordable housing, amenities and job opportunities to Southwest Atlanta, while activating a parcel of land that has been under-utilized in past years. The redevelopment includes 123 apartments, with 51 percent of those units offered at or below 60 percent AMI (Area Median Income).
Invest Atlanta launched the Predevelopment Assistance Fund earlier this year to develop or significantly rehabilitate affordable workforce housing and neighborhood-scale commercial property within the Perry-Bolton TAD, Westside TAD and Campbellton Road TAD areas.