340 Auburn
340 Auburn is a restored two-story brick building located on Auburn Avenue and Hilliard Street in the Sweet Auburn neighborhood. The building features seven chic micro-units surrounded by ample communal space, giving building residents several opportunities to meet their neighbors. 340 Auburn is also home to Remerge and Atlanta Breakfast Club.
Less than two miles eastward from Peachtree Street, Auburn Avenue was once the commercial, cultural, and spiritual epicenter of African American life in Atlanta before the civil rights movement.
Given the historical significance of the Sweet Auburn community, 340 Auburn was developed with the community in mind – balancing its revitalization while seeking to honor and preserve its rich history.
340 Auburn 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)