Paces Properties is putting families first before starting a new project in the Piedmont Heights area of Atlanta.
The developer is working with Action Ministries, an Atlanta-based nonprofit, to find stable, permanent housing for more than 50 families who live at the Intown Suites on Piedmont Circle.
Paces Properties bought the motel and plans to develop a new boutique hotel but not before helping those who have called the suites their home for more than a year.
“We'll customize the plan for each family to make sure they have the resources they need to not only move but to gain independence. That’s what this is all about,” said Kelley Henderson, CEO of Action Ministries. “We want to help families improve their quality of life so they can move from this week-to-week arrangement to something that's going to be a long-term fix for their family."
Paces Properties will provide funding for things like security deposits, moving expenses and even rental assistance.
“They’re doing the right thing, and they contacted us because we have a track record of helping people get back into homes,” Henderson added.
Action Ministries has an experienced housing team that helped end homelessness for 2,100 people in Georgia last year.
“By partnering with Action Ministries, our goal is to ensure that our project will result in no additions to the number of homeless men, women, and children in Atlanta,” said Merritt Lancaster, Principal Paces Properties. “With the help of Action Ministries we hope to demonstrate that redevelopment can be executed thoughtfully from the standpoint of both current and future users.”
Paces Properties has announced plans to partner on the new hotel project with Bunkhouse, the Austin-based Hospitality Company created by hotelier Liz Lambert.
“We could not be more thrilled to not only partner with the highly-respected Liz Lambert and her incredible Bunkhouse team, but even more so to bring a true lifestyle hotel to the Atlanta market. We have envisioned filling this gap for some time and look forward to working with Bunkhouse, as they continue to expand to other markets outside of Texas,” said David Cochran, CEO and President, Paces Properties.
The 1960’s Mid-Century Modern hotel will feature 162 keys operated by Austin-based Bunkhouse and 48 commercial studios operated by Paces Properties in conjunction with Bunkhouse.
Construction will begin in the second quarter of 2018 with a projected opening in 2019.