Trusted Partner in Atlanta | The Proctor Property Development

Last Updated on: 28th February 2025, 08:41 am

Meet The Proctor, a beacon of quality and innovation in Atlanta’s thriving real estate market. As a trusted partner, The Proctor is leading the way in mixed-income, mixed-use developments. This high-profile project is a collaboration between Atlanta Housing and Windsor Stevens, setting a new standard for urban living.

The Proctor represents a significant investment of $55.6 million, marking a groundbreaking step in affordable housing. This project, located at 698 Oliver Street NW, is part of a broader initiative to enhance access to quality living conditions for low-income families. With a focus on innovative funding strategies, including HUD’s streamlined closing process, The Proctor is expected to be completed by May 2026, adding 41 affordable units to a mixed-use property with 137 residential units, targeting households earning at or below 80% of the area median income¹.

Atlanta Housing serves over 50,000 residents through its federally assisted housing resources, making it the largest housing authority in Georgia and one of the largest in the nation². The Proctor is part of Atlanta Housing’s ambitious goal to create or preserve 10,000 affordable housing units from 2023 to 2027².

Key Takeaways

• The Proctor is a $55.6 million mixed-income, mixed-use development in Atlanta.
• Collaboration between Atlanta Housing and Windsor Stevens.
• Provides 41 affordable units out of 137 residential units.
• Targets households earning 80% or below the area median income.
• Expected completion by May 2026.

Project Spotlight: The Proctor Property Development Atlanta

Discover how The Proctor is reshaping Atlanta’s real estate landscape with its innovative approach to mixed-income living. This forward-thinking project stands as a testament to effective collaboration and financial strategy.

Visionary Partnerships and Financial Milestones

The Proctor is a shining example of what can be achieved through strong partnerships. Atlanta Housing and Windsor Stevens have come together to create a $55.6 million development that sets a new standard for urban living. By utilizing HUD’s streamlined closing process, the project achieved its first financial closing efficiently³.

This collaboration has not only ensured the project’s financial stability but also highlighted the importance of public-private partnerships in addressing affordable housing needs. The integration of retail and residential spaces, including 10,000 square feet of ground-floor retail, showcases a strategic use of space in a mixed-income development.

Groundbreaking and Construction Timeline

The Proctor’s construction is progressing smoothly, with an expected completion date of May 2026. This timeline underscores the project’s efficient planning and execution. For the latest updates on the project’s progress, you can visit this page.

The Proctor’s success is a beacon of hope for affordable housing in Atlanta, demonstrating how visionary partnerships can create lasting change in the community.

Innovative Affordable Housing Solutions

The Proctor stands out as a model for innovative affordable housing in Atlanta. By blending luxury with affordability, this project offers a unique approach to mixed-income living. 41 units are reserved for Housing Choice Voucher program participants, ensuring long-term affordability for at least 30 years⁴.

Commitment to Voucher Programs and Long-Term Affordability

Eligibility for these units is based on income thresholds, targeting households earning 80% or below the area median income⁴. This approach not only provides stable housing but also supports economic mobility and social inclusion in Atlanta.

The project’s sustainable financial model and efficient construction processes are key to maintaining affordability. Quality design and accessibility are integrated to create a thriving community. This ensures that residents have access to essential amenities and services, fostering a supportive environment for all⁵.

For more details on this innovative approach, visit Atlanta Housing’s progress updates.

Community Impact and Strategic Location

Located at 698 Oliver St. NW, The Proctor is strategically positioned to revitalize English Avenue and West Midtown, bringing new life to these historic Atlanta neighborhoods. This prime location offers residents easy access to cultural landmarks, educational institutions, and employment hubs, making it a cornerstone for community growth.

Revitalizing English Avenue and West Midtown

The Proctor is a catalyst for economic and community revitalization in English Avenue and West Midtown. By addressing the area’s challenges, such as stormwater flooding and poor water quality, the project aims to enhance housing quality and economic opportunities⁶. This initiative is part of a broader effort to restore the Proctor Creek Watershed, which has received $750,000 from the EPA for environmental improvements⁶.

The project’s focus on affordable housing and sustainable design ensures long-term benefits for residents. With over 3,200 households benefiting from stable housing, The Proctor exemplifies how collaborative efforts can transform communities⁷.

Mixed-Use Amenities and Retail Opportunities

The inclusion of 10,000 square feet of retail space at The Proctor is a significant boost to local commerce and nightlife. This mixed-use design seamlessly integrates residential living with community amenities, fostering a vibrant atmosphere that benefits both residents and businesses.

The Proctor’s design emphasizes accessibility and quality, ensuring that all residents can enjoy essential amenities and services. This approach supports economic mobility and social inclusion, creating a thriving community environment⁷.

Conclusion

Atlanta’s real estate landscape is being transformed through innovative projects like The Proctor, which exemplifies a commitment to affordable luxury and community revitalization. This $55.6 million development, located at 698 Oliver St. NW, is set to complete by May 2026, offering 137 residential units with 41 designated as affordable housing for families earning up to 80% of the area median income⁸.

The Proctor’s success is a testament to strategic partnerships and financial innovation. By leveraging HUD’s streamlined closing process, Atlanta Housing and Windsor Stevens achieved a milestone in efficient project execution⁴. This collaboration not only ensures financial stability but also paves the way for future affordable housing initiatives.

Nestled in the heart of English Avenue and West Midtown, The Proctor is more than a development—it’s a catalyst for community growth. With 10,000 square feet of retail space, it supports local businesses and enhances neighborhood vibrancy. The project addresses environmental challenges and promotes economic mobility, ensuring a lasting positive impact⁹.

As The Proctor nears completion, it stands as a beacon of hope for affordable housing in Atlanta. This project showcases how collaboration and innovation can create thriving communities, offering a promising future for residents and stakeholders alike.

Source Links

1. https://www.atlantamagazine.com/2013/proctor-creek-atlanta-epa/
2. https://www.atlantahousing.org/wp-content/uploads/2023/05/RFP-2023-0076_AHA-Tier_2_Sites_RFQL_Spreads-Final_5.5.23.pdf
3. https://www.atlantahousing.org/latest-at-ah/
4. https://atlanta.urbanize.city/post/proctor-english-avenue-development-breaks-ground-beltline-spur-trail
5. https://www.atlantahousing.org/atlanta-housings-ceo-terri-m-lee-marks-a-year-of-progress-driving-affordable-housing-and-community-impact/
6. https://www.epa.gov/sites/default/files/2015-10/documents/proctor_creek_fact_sheet_102214.pdf
7. https://www.prnewswire.com/news-releases/atlanta-housings-ceo-terri-m-lee-marks-a-year-of-progress-driving-affordable-housing-and-community-impact-302374785.html
8. https://www.atlantahousing.org/atlanta-housing-announces-financial-closing-of-the-proctor/
9. https://whatnowatlanta.com/the-proctor-receives-additional-financial-assistance-to-advance-construction/