Construction begins on $80 million mixed-use community along Dekalb Avenue
This week North American Properties (NAP) broke ground on Edge, an $80 million mixed-use community on the Atlanta BeltLine’s Eastside Trail. In partnership with Atlanta BeltLine, Inc. (ABI) and The Conservation Fund Partner, NAP will transform an environmentally contaminated site into a vibrant gathering place that will enhance the trail’s safety and artful energy.
Edge will become a creative living community lining both sides of the BeltLine’s Eastside Trail with 29,000 square feet of experiential retail, indoor/outdoor dining, loft offices, and a pedestrian bridge over the trail to connect it all. Out of the 350 residential units, 30 percent will be dedicated to affordable workforce housing for the portion of the property purchased from ABI. The retail and residential components of Edge will open in early Spring of 2019.
“The BeltLine has spurred exciting growth as it continues to create unique and memorable destinations such as Ponce City Market and Krog Street Market. We are excited about the opportunity to add Edge to the list of energy-driven developments creating a true sense of place,” said Richard Munger, partner and vice president of development with NAP. “We have worked closely with our BeltLine neighbors to curate a gathering place that will complement the BeltLine experience and bring fresh new dining, retail, working and living options to the Eastside Trail.”
Given that the Art on the BeltLine is considered the largest temporary art exhibition in the south with more than 100 unique works, Edge’s location will offer an opportunity to incorporate artful encounters along the Eastside Trail. During the groundbreaking, NAP featured street-folk artist and Georgia native Kyle Brooks, creative force behind BlackCatTips, who is known for his happy illustrations from whimsical roadside installations to murals on the BeltLine.
“ABI is honored to partner with NAP on a project that reflects our shared goals of affordability and equity, walkability, and smart growth for Atlanta,” stated Paul Morris, Atlanta BeltLine, Inc., President and CEO. “This initiative is the first redevelopment project on the Atlanta BeltLine where activation is occurring on three corridors: the Atlanta BeltLine, DeKalb Avenue, and Edgewood Avenue, and it represents the vision of building an Atlanta BeltLine that everyone can call home.”
For more information about the Eastside Trail Extension, visit beltline.org.
To track progress on Edge, follow @EdgeOTB on Twitter, Facebook and Instagram.
About North American Properties
Founded in 1954, North American Properties is a privately held, multi-regional real estate operating and development company that has acquired, developed and managed more than $5 billion of mixed-use, retail, multifamily and office properties across the United States. Rooted in its purpose-driven approach to development, North American Properties believes in creating great places that connect people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them. Headquartered in Cincinnati, with offices in Atlanta, Dallas and Fort Myers, Florida, the company has developed 22 million square feet of commercial space and 19,000 residential units in 15 states and 67 cities. In the past three years, North American Properties has launched 36 projects totaling $1.1 billion in total capitalization. In metro Atlanta, North American Properties led the turnaround of Atlantic Station, the ground up development of Avalon and the reimagining of Colony Square. For more information, please visit naproperties.com and follow North American Properties on Twitter @NAP1954.
