Atlanta, Georgia | January 14, 2025 | 12:30 pm
Paces Preservation Partners held a groundbreaking ceremony on January 14, 2025, for Metropolitan Place Apartments. The event signaled commencement of construction of a modern 176-unit workforce and affordable housing community. The apartments are slated for completion in early 2027.
Financing for the project is the result of a public-private partnership among Berkadia, Chase Bank, U.S. Bancorp Impact Finance, Invest Atlanta, and the Georgia Department of Community Affairs.
Located just seven miles from downtown Atlanta, the new community will sit on six acres near the new City of Atlanta Police Precinct Zone 3 and the Goodwill training facility. Following the groundbreaking, guests enjoyed a luncheon with project partners and local officials.