Pennrose, Atlanta Housing Team Up on 201-Unit Mixed-Income Project

Pennrose Development along with Atlanta Housing will soon begin work on the second phase of Herndon Square. The project will deliver another 170 units of affordable housing to the city and as well as 31 market rate units, located one mile north of Mercedes-Benz Stadium. The project is slated to cost $112 million. 30% of the project was paid via a subsidy from Atlanta Housing.

Herndon Square Phase 2 will feature one-, two- and three-bedroom apartment units, about 85% of which will be priced at 30-80% of metro Atlanta’s area median income (AMI). The development is also slated to include an enclosed parking deck, wellness clinic and an interior courtyard and green space.

A 10,000-square-foot commercial space is also planned for Phase 2. Phase 2 is scheduled to be completed in time to move in residents in the spring of 2026.  

Pennrose develops and operates conventional, affordable, mixed-income, and mixed-use communities throughout the United States.

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