458 / 460 Edgewood
The project is a pioneering partnership between a 125 year old church repurposing its campus to include a mix of cultural and ministry services, and developers investing in the community of College Park, GA will contribute to the economic mobility of artists and residents by aligning capital with values and ensuring that College Park becomes a creative hub for years to come.
458 / 460 Edgewood Ave Development includes
1 and 2 bedroom for-sale live/work condo units
61 9% low-income housing tax credit (LIHTC) apartment units developed by the Tapestry Development Group
A community living room that includes a cafe/gallery space and a diversity of artist spaces that will be overseen by PushPush Arts
PushPush and their diverse pipeline of artists will facilitate programming in the galleries, black-box theater, rehearsal spaces, and creative workspaces
The “Art Walk” space- a pedestrian alleyway that is fronted by artists’ studios
Partners | KNGDOM Group, Tapestry Development (LIHTC), College Park First UMC, eightvillage, PushPush Arts
Project focus | Confluence of Arts + Affordability + Homeownership
Development Cost | $3.9 million adaptive reuse development - Phase 1
Structure | Existing 3 story brick building
Total square footage | 16,180
Unit Mix | Retail/Commercial: PushPush Arts-ground floor + 16 Residential Condos-2 & 3 floors + 61 Affordable Apartments
Capital Stack | Private equity + Bridge + Construction Financing (LISC)