Articles about Eastside

Grant to Fund Affordable Workforce Housing in Downtown Development

At their June 15 meeting, the Invest Atlanta Board of Directors passed a resolution approving the use of $9 million from the Eastside Tax Allocation District (TAD) for the development of a $90.5 million, 14-story, 302-unit residential tower at 161 Peachtree Center Avenue in Downtown Atlanta. Sixty of the units, or 20 percent of the… Read more

Invest Atlanta Helps New Realm Brewing Come Home to Atlanta

New Realm Brewing, co-founded by well-known Brewmaster Mitch Steele, will soon open in Poncey-Highlands along the Atlanta BeltLine, thanks in part to Invest Atlanta’s behind-the-scenes efforts. Kent Spencer, Invest Atlanta’s Manager of Business Expansion and Retention, provided New Realm Brewing’s three founding partners—Steele, CEO Carey Falcone, and CMO Bob Powers—assistance with site development and connectivity… Read more

Resurgens Fund Grants to Bring New Life to Eastside Properties

At their March meeting, the Invest Atlanta board approved two Resurgens Fund grants, including one that will allow The Ethical Property Group create a new space for non-profit organizations. “The Resurgens Fund was deliberately created to with the intention of reactivating these vacant and obsolete buildings,” said Jennifer Fine, Invest Atlanta’s Vice President of Planning… Read more

Sweet Auburn Ballroom Receives Resurgens Grant

The Sweet Auburn Ballroom will receive the first grant from Invest Atlanta’s recently-established Resurgens Fund in the Eastside TAD. Named after the historic downtown neighborhood, the vacant former Butler Street YMCA building at 17 Jesse Hill Jr. Drive will soon be transformed into a 1,200-person capacity live music venue for established and rising artists alike.… Read more

Invest Atlanta Now Accepting Applications for New Eastside TAD Projects

After achieving success with previous Eastside Tax Allocation District (TAD) development and façade improvement grant projects, Invest Atlanta is now accepting new applications for qualified development and improvement projects in the Eastside TAD. Through the Eastside TAD, the City of Atlanta is providing tax increment financing to fund infill projects in Downtown and surrounding neighborhoods… Read more

Façade Improvement Grants Underwrite Openings of Trendsetter Restaurants

The imminent opening of two of the most anticipated new restaurants to come to Atlanta this year – Café + Velo and Georgia Beer Garden – is being made possible by Downtown Façade Improvement Grants (DFIGs) issued to both projects by Invest Atlanta. Georgia Beer Garden received a $233,000 DFIG for the renovation of its… Read more

340 Auburn Avenue Gets a Facelift

The exterior renovation of 340 Auburn Avenue, which was partly financed through a grant awarded by Invest Atlanta, has been completed and fully funded. Work on the project began last October and included the installation of new storefront systems, front and back windows and awnings, as well as graffiti removal and brick repair. The downtown… Read more

Invest Atlanta Hits the Streets with Outreach to Castleberry Hill Business Owners

Kent Spencer of Invest Atlanta’s Business Retention & Expansion team recently briefed members of the Castleberry Hill Business Association on IA programs and resources that can help meet the needs of the neighborhood’s business owners. Among other things, Spencer told the audience about IA loan opportunities and a retail impact study of the area that… Read more

NAVMAR Uses Eastside TAD Grant To Improve Edgewood Avenue Property

A $111,625 downtown façade improvement grant awarded by Invest Atlanta from the Eastside Tax Allocation District to NAVMAR, LLC has been used to help refurbish the exterior of 381 Edgewood Avenue. Work on the project, formerly known as 393 Edgewood Avenue, began last January and was completed in June of this year. The site will… Read more

Refunding of Eastside TAD Bonds Saves Atlanta $10 Million

Invest Atlanta and the City of Atlanta have refunded $36.4 million of Atlanta’s outstanding Eastside Tax Allocation District bonds. The transaction will save Atlanta $10 million on interest payments over the next 14 years. The Eastside Tax Allocation District, encompassing parts of east and south Downtown, Sweet Auburn, the Old Fourth Ward and Grant Park,… Read more