a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
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Allen Wilson Phase I, continued<br />
Trend Report<br />
Vacancy Rates<br />
1Q09<br />
2Q12<br />
N/A 0.0%<br />
Trend: @60%<br />
1BR / 1BA<br />
Year QT Vac. Face Rent Conc. Concd. Rent Adj. Rent<br />
2009 1 N/A $679 $0 $679<br />
$679<br />
2012 2 0.0% N/A $0 N/A<br />
N/A<br />
2BR / 1.5BA<br />
Year QT Vac. Face Rent Conc. Concd. Rent Adj. Rent<br />
2009 1 N/A $794 $0 $794<br />
$794<br />
2012 2 0.0% N/A $0 N/A<br />
N/A<br />
3BR / 2BA<br />
Year QT Vac. Face Rent Conc. Concd. Rent Adj. Rent<br />
2009 1 N/A $937 $0 $937<br />
$937<br />
2012 2 0.0% N/A $0 N/A<br />
N/A<br />
Trend: Comments<br />
1Q09<br />
2Q12<br />
This is a Subject property. It is phase one <strong>of</strong> the redevelopment <strong>of</strong> Allen Wilson Terrace, the City's oldest public housing <strong>project</strong>. The total redevelopment<br />
will occur in three phases <strong>and</strong> will consist <strong>of</strong> a total <strong>of</strong> 207 units. Phase one will contain 40 units <strong>and</strong> will be placed in service in August 2010.<br />
This is phase one <strong>of</strong> the redevelopment <strong>of</strong> Allen Wilson Terrace, the City's oldest public housing <strong>project</strong>. The total redevelopment will occur in three<br />
phases <strong>and</strong> will consist <strong>of</strong> a total <strong>of</strong> 207 units. Management indicated that the property opened in March 2011 <strong>and</strong> was fully leased within two weeks.<br />
There is a strong dem<strong>and</strong> for additional subisidized units in the area.<br />
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