Wingate, Columbia Residential Open 80-Unit Affordable Community in Atlanta

ATLANTA — A joint venture between Wingate Cos. and Columbia Residential has opened City Lights Apartment Homes, an 80-unit affordable seniors housing community in the Old Fourth Ward neighborhood of Atlanta.

Financial partners on City Lights included Community Affordable Housing Equity Corp., Sugar Creek Capital, Georgia Department of Community Affairs, The City of Atlanta, Invest Atlanta and the U.S. Department of Housing and Urban Development. Prudential Mortgage Capital Company provided construction financing.

The units, all one-bedroom, are reserved for residents over the age of 62. The four-story building totals 93,333 square feet. JHP Architecture/Urban Design was architect on the project, which Agile Construction built.

The project is part of a redevelopment plan for multifamily property Village of Bedford Pine. Wingate has planned Phase II of the redevelopment, a 96-unit affordable community called Station 464, which will not have any age restrictions.

Four existing buildings will be torn down to make way for construction of the five-story Station 464. Wingate plans to start construction of that project as early as 2017.

Wingate is a real estate firm specializing in development, acquisitions, investment, property management and consulting. The company manages more than 16,000 residential units in 16 states.

Columbia Residential is an Atlanta-based developer and manager of affordable and mixed-income housing. The firm operates more than 7,000 affordable and mixed-income housing units in Georgia, Texas and Louisiana.

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