Urban Creek Partners Co-Founder, Mark Teixeira, to Keynote the 2019 East Institutional Real Estate Investor Forum in New York, April 10th

Staff Report From Metro Atlanta CEO

Monday, April 1st, 2019

Urban Creek Partners’ co-founder and former Major League Baseball All-Star Mark Teixeira will keynote the 2019 East Institutional Real Estate Investor Forum on April 10 at The Union League Club in New York. Teixeira’s keynote will focus on “Investing with Intention in West Atlanta’s Opportunity Zone.”

Teixeira plans to discuss Quarry Yards, a mixed-use development on Atlanta’s westside that has unparalleled access to transit, the city’s soon-to-be largest park and Atlanta’s popular BeltLine Trail system. The $400 million, 27-acre first phase will include approximately 600,000 square feet of Class A office, 850 multi-family units and 85,000 square feet of retail. In addition, Proctor Creek Greenway runs through the heart of the property in one of Atlanta’s oldest neighborhoods. With a focus on nature, Quarry Yards will also feature a 70-foot outdoor climbing wall on the side of one of the Class A loft office buildings, in addition to a four-acre community greenspace. To see the latest project renderings, click here.

“We have assembled property over the past 10 years and have listened intently to the needs and desires of the surrounding community,” said Mark Teixeira - co-founder and principal, Urban Creek Partners. “We are proudly adapting some of the current structures on the site to preserve history in the Grove Park neighborhood where Quarry Yards sits.  Finally, we believe the site’s Opportunity Zone status will not only attract businesses, but also encourage them to hire local talent, ultimately improving the entire area,” he added.

Phase one, which will break ground this summer, will include Parkside at Quarry Yards, a 177-unit workforce housing project that 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 (AMI), 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.

The day-long Real Estate Investor Forum will cover a variety of issues including examining the role of real estate in an international investment portfolio, uncorrelated returns in a volatile market, outlook for residential, Opportunity Zones and more.