After a yearslong delay, a New Jersey-based developer appears ready to go vertical on a new Downtown Atlanta affordable housing tower geared partly toward public educators.
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RBH Group filed an application on March 19 with the city of Atlanta to begin construction on a 33-story, income-restricted residential building that will include senior housing, workforce housing and retail space.
In all, RBH is looking to deliver 430 apartment units at Teachers Village, according to the application. The developer has stated that the project would provide an affordable housing opportunity for public school teachers and other city civil servants, Urbanize Atlanta reported.
More than 220 units will be reserved for independent living seniors, and 197 units will be set aside for workforce housing, Urbanize reported. While 23 units will be for households earning no more than 80% of the area median income, the remaining will be for households earning below 120% of the AMI.
Situated at what is currently a parking garage at 98 Cone St., a half-mile from State Farm Arena in the Fairlie-Poplar Historic District in Downtown Atlanta, Teachers Village would total more than 440K SF and cost over $77M, according to the application.
Massachusetts-based Consigli Construction Co. filed the permit, according to records. RBH did not respond to a request for comment.
The filing comes five years after RBH first proposed the project. It has also lined up a $4M tax allocation district grant and $26M in tax-exempt bond financing from Invest Atlanta, the city’s economic development arm.
RBH originally announced it would begin construction on the tower in 2024, but the deadline passed without any activity, according to Urbanize. A second deadline for Oct. 20 also came and went.
Most recently, the firm told Urbanize it would break ground in the first quarter of 2026 and said the development’s complexity “of purpose and financing” caused the earlier delays.
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