Urban Creek Partners and Prestwick Development Company LLC Announce Parkside at Quarry Yards

Staff Report From Metro Atlanta CEO

Friday, September 28th, 2018

Urban Creek Partners and Prestwick Development Company LLC have entered into a joint venture agreement to develop Parkside at Quarry Yards, a 177-unit quality workforce and affordable housing community that will break ground second quarter 2019 as part of Quarry Yards’ first phase. To see a rendering of the project, click here.

Parkside at Quarry Yards will showcase a modern exterior and include one-, two- and three-bedroom units in two buildings. Approximately 15 percent of the units will be available to local workforce earning 80 percent of the area median income, while 85 percent of the units will target residents earning 50 percent to 60 percent AMI. Amenities will include a community room with a warming kitchen, a state-of-the-art fitness center, a business center with computer stations and a laundry room. Outdoor amenities include a gazebo and picnic area, community gardens, a playground and green space.

"We've been working with and listening to the community's residents for the past 10 years. We understand what they want in Quarry Yards and feel that this first project in the development will help meet the growing needs for affordable and attainable housing on the Westside. We are proud to partner with Prestwick Development with their deep set of skills and experience on quality workforce housing developments," said Mark Teixeira, co-founder and principal – Urban Creek Partners.

Parkside at Quarry Yards, located at 1314 Donald Lee Hollowell Parkway, will have unprecedented access to the Bankhead MARTA station, Proctor Creek Greenway Trail and eventually Westside Park at Bellwood Quarry as well as the Atlanta BeltLine's Westside Trail.

"Prestwick Companies, through our partnership with Urban Creek Partners, is thrilled to be developing Parkside at Quarry Yards. Affordable housing is needed more than ever in Atlanta and this community will help 177 low income families live in an irreplaceable location next to MARTA rail, the Atlanta BeltLine and the City's largest park - Westside Park at Bellwood Quarry," said Jody Tucker, CEO – Prestwick Companies.

Kwanza Hall, Invest Atlanta's managing director of development for the Proctor Creek watershed, said, "Now is the time to carve out affordable housing options on the Westside, and Urban Creek Partners and Prestwick Companies are doing just that. Parkside at Quarry Yards is timely and appropriate and will help to prime the pump with an affordable housing investment first – giving the market a chance to create a variety of price points to meet increasing demands. Equity and inclusion have been a focus of our collective efforts and this development is one of the first of many steps that will help to make the area accessible to all."

Atlanta City Councilman Dustin Hillis also added, "I'm very excited that a transit-oriented development is coming to District 9, which will have a significant impact on the area by turning long-vacant, dilapidated properties into workforce and affordable housing. Quarry Yards will be a destination not only for the City, but also for the region. This inclusive development will be ground zero for a wide range of amenities coming to the area, with the Proctor Creek Trail as its centerpiece, which will eventually connect to the BeltLine and the Chattahoochee River and Silver Comet Trails. It is truly a great time to be a Northwest Atlantan."