2016 Invest Atlanta Annual Report
2016 Invest Atlanta Annual Report
2016 Invest Atlanta Annual Report
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Affordable Housing on<br />
the <strong>Atlanta</strong> BeltLine<br />
Destination<br />
MLK<br />
The newly renovated Stanton Oaks is an affordable housing development with 43 units in<br />
Peoplestown featuring brand-new amenities. The rehabilitation project, which cost a total of<br />
$7.8 million, received an $800,000 grant from the BeltLine Affordable Housing Trust Fund<br />
(BAHTF), which is supported by <strong>Invest</strong> <strong>Atlanta</strong> and the <strong>Atlanta</strong> BeltLine. Stanton Oaks re-opened<br />
for residents in fall <strong>2016</strong>.<br />
Stanton Oaks<br />
Martin Luther King, Jr. Drive will soon be one of the most important and attractive streets in<br />
the City of <strong>Atlanta</strong>. Once complete, the 7.2-mile MLK Innovation Corridor will include new<br />
sidewalks, a linear park, elevated landscaped medians, multi-use trails, pedestrian crossing<br />
islands and a two-way cycle track.<br />
The project was made possible through grants from <strong>Invest</strong> <strong>Atlanta</strong> and TIGER, as well as<br />
local, state, and federal funding. The MLK Innovation Corridor will also feature affordable<br />
housing and office space, and will connect the new Mercedes-Benz Stadium, the <strong>Atlanta</strong><br />
University Center, the <strong>Atlanta</strong> BeltLine, Westview Cemetery, and several MARTA rail stations.<br />
73 Escalating <strong>Invest</strong>ments For the Future <strong>Annual</strong> <strong>Report</strong> <strong>2016</strong> 74
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