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City Selects Partner on Atlanta Constitution Building
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units.
The 95,000-square-foot brick building dates back to the 1940s and housed the Atlanta Constitution’s printing facility until the newspaper merged with the Atlanta Journal in 1953. The city has owned it since the 1990s.
Gorman & Co., which focuses on developing affordable and workforce housing, plans to split the project into multiple phases.
The building would be filled with residential units and ground-level commercial space. A later phase would add a new residential building on adjacent land by 2028.
The project includes a mix of units with one, two or three bedrooms. Units would be rented at prices affordable to households earning 30% and 80% AMI.
- ◦Development
