In April, Bleakly Advisory Consultant Sara Patenaude presented to a standing-room-only crowd at the 2018 American Planning Association National Conference. As part of the panel “Harnessing Gentrification’s Momentum towards Social Impact,” Sara presented on the opportunities and challenges resulting from the Atlanta BeltLine’s impact on nearby commercial and residential real estate. The BeltLine, which has proved a catalyst for approximately $500 million in public/private investment and $4.1 billion in private development has also sparked an intown resurgence and resulting rapid increase in home values and prices.
While private development nearby the Atlanta BeltLine has boomed, intentions for affordable housing development have thus far largely fallen short. Sara discussed the potential that other cities have to use publicly-financed amenities open to the public to revitalize neighborhoods, and lessons to be learned from the Atlanta experience to develop affordable housing to make sure such amenities remain accessible to all.