A former Ramada Plaza hotel in Atlanta’s Summerhill neighborhood is set to be transformed into senior housing. The 3.25-acre property, located across from Georgia State University’s Convocation Center, will feature 231 apartments for residents aged 55 and older.
According to the Atlanta Business Chronicle, the lobby of the hotel will be repurposed as a hub of amenities for potential tenants including a movie theater, fitness center, business center and library. This prime location offers easy access to nearby restaurants and shops as well as a Publix grocery store on Georgia Avenue. Additionally, construction is currently underway on MARTA’s Summerhill bus rapid transit line with plans for a stop near the hotel site.
Pending approval from its board of commissioners and the U.S Department of Housing and Urban Development (HUD), Atlanta Housing intends to purchase this property from current owner Pellerin Real Estate Partners for $17.5 million. The proposed rental rates would provide affordable housing options within walking distance of various conveniences in this vibrant community.
In summary: A former Ramada-run hotel in Atlanta’s Summerhill neighborhood is being converted into senior housing by Atlanta Housing at an estimated cost of $17 million pending approval by HUD.The project includes transforming an empty concrete shell into 231 affordable apartments with convenient access to local amenities such as restaurants and shops along with public transportation options like MARTA’s upcoming bus rapid transit line.
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