DeKalb County, Georgia - The Housing Authority of the County of DeKalb (HADC), with the Housing Development Corporation (HDC), proudly announces an official partnership with the Metropolitan Atlanta Rapid Transit Authority (MARTA). As the owner, the Housing Authority of the County of DeKalb (HADC), will ground lease 4.37 acres of land owned by the Metropolitan Atlanta Rapid Transit Authority at their Kensington MARTA station to build a brand-new transit-oriented master development.

This exciting new partnership is an innovative collaboration for the purpose of building "ARG-Kensington Development" that will thoughtfully and effectively integrate housing alongside office space and public parking. This will be located just south of the Kensington MARTA Station at 4200 Memorial Drive, DeKalb County (unincorporated), GA.

This new construction, transit-oriented master development will have a luxury property feel and presentation at a comfortable and affordable price. It will specifically include several components: a 74-unit senior living community; a 185-unit family community; 15,000 square feet of office space; and a shared parking deck. All components will be financed using Essential Function Bonds and owner equity.

Expected to be completed and available for leasing in Fall 2025, the new ARG-Kensington-Development site will be managed by HDC Management, LLC.

The New Senior Component - "Kensington Pointe Senior Residences"

This component will be a newly constructed wood-frame 74-unit senior community in a four-story building that is 100% affordable for residents 55 and older with incomes averaging 50% of AMI. The unit mix will consist of 26 one-bedroom units and 48 two-bedroom units with stunning site amenities including a community room, computer-equipped business center, fitness center, a wellness center, arts and crafts room, community laundry facility, an onsite gazebo, and community garden. The apartment unit amenities will include LED fixtures, low-flow water sense plumbing fixtures, washer & dryer hookups, high efficiency water heaters, and Energy Star appliances.

The New Family Component - "Kensington Place"

This component will be a newly constructed wood-frame 185-unit family community in a four-story building. The property will be workforce housing specifically reserved for families with an average AMI at 100%. The unit mix will consist of 112 one-bedroom units, 60 two-bedroom units, and 13 three-bedroom units with LED fixtures, low-flow water sense plumbing fixtures, washer & dryer hookups, high efficiency water heaters, and Energy Star appliances. Beautiful site amenities will include a spacious clubroom, theater room, yoga & fitness center, a pocket park, and a pool.

The New Office Space Component

This component will consist of 15,000 square feet of newly constructed office space in a concrete structure allowing for one-story of office space with three stories of the multi-family component located above. The offices will be occupied by the companies of the Affiliated Resources Group, which include The Housing Authority of DeKalb County, Resident Services Corporation, and PTS Consulting Group.

The New Parking Deck Component

A newly constructed podium parking deck will be shared by all three components of this master development. The parking deck will include 375 spaces spread amongst six stories, one of which is below grade. With space allocations meeting all DeKalb County Zoning requirements, elevators within the deck, color-coded way finding signage, and controlled access will allow for secure, organized, and easily accessible parking for all staff, residents, and guests.