Ponce’s Next Phase
Ponce City Market is expected to grow by 700,000 square feet with two 21-story buildings—one with apartments for the 55-and-up market, and another with furnished rentals to compete with Airbnb and hotels—and a four-story loft office building. “Mixed-use is becoming more sophisticated,” says Michael Phillips, president of developer Jamestown. “It’s more design-driven, more customer-specific in terms of meeting the needs of different cohorts of people.”
Jamestown will not use tax incentives for this phase. Signal House, with 163 one- to three-bedroom apartments, is expected to open by the end of 2023. Phillips says active adults are an underserved market, whether downsizing or “co-locating” to be near family in Atlanta. The “hospitality living building,” which will have 405 units, will offer stays from one night to one year. It provides the flexibility of short-term rentals with the service of a hotel, but will not be a branded concept, says Phillips. It’s set to open in 2024, along with 619 Ponce, which will have 90,000 square feet of office space and will be constructed with cross-laminated timber that is environmentally friendly. All three buildings will add retail space as well.
by the numbers
The BeltLine MarketPlace was created for pop-up storefronts with Black-owned retail, arts and food ventures along the Westside and Eastside Trails. The businesses are in shipping containers and expected to be open through November.
Here’s a look at this initiative by Atlanta BeltLine, Inc. and The Village Market that is organized with Atlanta BeltLine Partnership and Atelier7.
Applications for the program
Businesses ranging from retail to food trucks
Size of the containers
Grant from The Kendeda Fund for the pilot program