Atlanta’s Chosewood Park will be home to a $500 million co-living project from developer Domos and property management company Common, near the Southside Atlanta Beltline trail. Big projects on the Beltline are nothing new, but this one is different.
This project combines co-living and rental housing. In this concept, rent and utilities are bundled. Additionally, shared community spaces are featured. The shared aspect allows residents to access more luxury amenities than they could alone.
The developers are targeting middle-income earners for this project — those who make between $35,000 and $50,000 per year. The city’s economic development authority is allowing the classification of affordable housing for the development.
The Urban Studies Institute’s Dan Immergluck sees co-housing as a niche market with demand, but not a real tool for affordability, “For middle-income people moving to the city, starting out at $60,000 a year who want to have roommates, it seems like a reasonable alternative, (but) for folks making $20,000 a year, that’s too expensive.”
Read more about it here.