New mixed-income community brings high-quality housing to Atlanta
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The Bridges at Landrum to provide 200 apartment homes to help address area’s need for more housing options for local families
(Atlanta, GA—) Local leaders joined with officials from one of the nation’s largest developers—LDG Development—to celebrate the start of construction on the area’s newest mixed-income housing development—The Bridges at Landrum—a 200-unit development that will provide 1 -,2-, and 3-bedroom units. 170 units will be reserved for families earning up to 60 percent of the area median income, or approximately $ 57,840 for a family of four while the remaining units will be offered at market rate.
“The addition of The Bridges at Landrum recognizes that diverse housing options have to be included in any successful long term economic development strategy,” said Chris Dischinger, co-founder and co-principal of LDG Development. “LDG is honored that this community has entrusted us with providing high quality housing that can help enrich the lives of hundreds of Atlanta residents and provide them with a place they will be proud to call home.”
Located at 2944 Landrum Drive SW, The Bridges at Landrum is situated on an 18 -acre site in Southwest Atlanta. The development will offer several upgraded features, including spacious floor plans, upgraded flooring, washer and dryer connections and much more. Residents will also enjoy several community amenities, including a large clubhouse that will feature a business and fitness center, a playground, a large swimming pool, walking paths and gazebo covered grilling areas. According to District 11 Councilmember Marci Collier Overstreet, the addition of new housing within the area helps to build on efforts to attract more investment to the area.
“Access to quality housing that meets a diversity of housing needs is essential to a thriving vibrant neighborhood,” said Councilmember Overstreet. “The addition of the Bridges at Landrum to District 11 will help support our ongoing efforts to attract restaurants, retail, and other investments into the area.”
Financing for this $46 million development is being provided through Bank of America, Hudson Capital and CITI Bank. (Name of person from Bank of America) reflects the bank’s commitment to invest in underserved area.
Financing for this $46 million development is being provided through Bank of America, Hudson Capital and CITI Bank. President of Bank of America Atlanta Al McRae reflects the bank’s commitment to invest in underserved area.
“Bridges at Landrum is a demonstration of what is possible through public-private partnerships, making safe, affordable housing a reality for neighborhoods in need,” said McRae. “We look forward to continuing to work with the city leaders, nonprofits, businesses and volunteers working tirelessly to develop solutions to close the wealth gap and provide economic mobility through affordable housing.”
“Affordable housing is fundamental for individuals and families to achieve economic mobility.”
LDG Development has more than 100 communities across eight states, including 10 in Georgia. While Bridges at Landrum is LDG Development’s first development within the city of Atlanta, Dischinger says that given the exponential growth the area continues to experience, it is actively looking to expand its footprint in other parts of the community.
Monthly rental rates at The Bridges at Landrum will range between $850-$1,100 and LDG Development hopes to welcome its first resident in June 2023.