Underground ATL Tower: Atlanta Property Development

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

Downtown Atlanta is experiencing a vibrant transformation, and the Underground ATL Tower stands as a testament to this urban renaissance. This innovative project, led by Lalani Ventures and Exact Capital, is set to redefine the city’s skyline with its 30-story tower and 405 residential units, including 163 affordable housing units¹.

Strategically located at 76 Wall St., the tower is just across the street from MARTA’s Five Points station, emphasizing transit-oriented development and seamless connectivity². This prime location not only enhances accessibility but also contributes to the area’s dynamic atmosphere, blending residential, commercial, and entertainment spaces.

The project, with a total investment of $160 million, is part of a broader effort to revitalize Underground Atlanta, focusing on arts, culture, and community engagement. Construction is expected to begin by 2025, with an anticipated completion date of 2027¹. This development promises to bring new life to the area, offering affordable housing options and fostering a diverse, inclusive community.

The inclusion of affordable housing units, priced at 60% of the area’s median income, ensures that the project remains accessible to a wide range of residents¹. This commitment to affordability aligns with the city’s goals of creating sustainable and equitable urban growth.

Key Takeaways

The Underground ATL Tower will feature 405 residential units, including 163 affordable housing units.
Located near MARTA’s Five Points station, the tower promotes transit-oriented development.
Led by Lalani Ventures and Exact Capital, the project aims to enhance downtown Atlanta’s vibrancy.
Construction is set to begin by 2025, with completion expected by 2027.
The development includes mixed-use spaces, fostering a dynamic community environment.

For more details on the Underground ATL Tower, including images and specific apartment details, visit this link.

Overview of the Underground ATL Tower Property Development Atlanta

The Underground ATL Tower represents a significant step in revitalizing Atlanta’s historic downtown area. This ambitious project aims to transform the site into a vibrant community hub, blending residential and creative spaces seamlessly³.

Project Origins and Vision

The vision for the Underground ATL Tower began with Lalani Ventures, who acquired the landmark property in 2020. Their goal was to breathe new life into the historic site, creating a mixed-use development that honors its past while embracing modern urban living⁴.

Exact Capital joined forces with Lalani Ventures, bringing their expertise in urban redevelopment. Together, they crafted a plan that not only revitalizes the area but also addresses the city’s need for affordable housing⁵.

Strategic Location and Urban Impact

Strategically situated near MARTA’s Five Points station, the tower enhances connectivity and promotes a transit-oriented lifestyle³. This prime location, bordered by Peachtree, Wall, and Pryor Streets, is central to downtown Atlanta’s vibrancy.

The development’s design connects the site’s historic significance with modern demands, fostering a walkable and transit-friendly environment⁴. By prioritizing affordable housing, the project supports a diverse community, ensuring accessibility for a broad range of residents⁵.

Underground ATL Tower vision

For more details on the Underground ATL Tower, including images and specific apartment details, visit this link.

Innovative Features and Affordable Housing Impact

The Underground ATL Tower is a shining example of modern urban design, blending innovative architecture with community-focused initiatives. This 30-story tower, led by Lalani Ventures and Exact Capital, introduces a fresh approach to city living⁶.

Design Innovation and Mixed-Use Benefits

The tower’s design, crafted by Atlanta-based architects Niles Bolton Associates, features shared amenities and a unified structure that fosters community interaction. The mixed-use plan includes retail, art, and creative spaces, creating a vibrant environment that benefits both residents and visitors⁷.

Transit-Oriented Development and Accessibility

Located near MARTA’s Five Points station, the tower promotes a transit-oriented lifestyle, encouraging walkability and reducing the need for personal vehicles. This strategic placement enhances connectivity and contributes to the area’s dynamic atmosphere⁸.

Affordable Housing Initiatives

The project includes 163 affordable housing units, priced at 60% of the area’s median income, ensuring accessibility for a diverse range of residents. This commitment to affordability aligns with the city’s goals of sustainable and equitable growth⁶.

Feature	Details
Residential Units	405 total, including 163 affordable units
Apartment Types	Studio, 1-bedroom, 2-bedroom
Location	Near MARTA’s Five Points station
Amenities	Shared spaces, retail, art areas

Innovative Design Features

For more information on the Underground ATL Tower’s affordable housing and design, visit this link.

Investor Insights and Development Timeline

Investors are taking notice of the Underground ATL Tower, a transformative project in downtown Atlanta. This $160 million development, led by Lalani Ventures and Exact Capital, offers a unique blend of affordable housing and mixed-use spaces, making it an attractive opportunity for those looking to invest in the city’s future⁹.

Financing, Bond Approval, and Investment Strategy

The financial framework of the project is supported by a $40 million tax-exempt bond approved by Invest Atlanta’s board, playing a crucial role in the development’s success⁹. This bond, along with private investments, ensures the project’s viability and aligns with the city’s goals for affordable housing and sustainable growth.

Lalani Ventures and Exact Capital have crafted an investment strategy that balances 163 affordable housing units with market-rate apartments, creating a diverse and inclusive community. This approach not only attracts a broad range of residents but also ensures the project’s financial stability⁹.

Construction Plans and Key Milestones

Construction is set to begin by the end of 2025, with the first phase expected to be completed by 2027⁹. This timeline is strategically aligned with major events like the 2026 FIFA World Cup, positioning the development to meet growing demand for housing and commercial spaces in Atlanta.

Craig Livingston, Managing Partner of Exact Capital, emphasized the importance of this project in revitalizing downtown Atlanta, stating, “This development is a cornerstone for the city’s future growth and community engagement⁹.”

Investment and Construction Insights

Conclusion

The Underground ATL Tower represents a bold step forward in Atlanta’s urban evolution, blending innovative design with a commitment to community. This project, led by Lalani Ventures, promises to revitalize a historic part of downtown Atlanta, offering 405 residential units, including 163 affordable housing options¹⁰. By combining market-rate and affordable housing, the development fosters an inclusive environment that reflects the city’s diverse population.

The tower’s strategic location near MARTA’s Five Points station highlights its role in promoting transit-oriented living, reducing the need for personal vehicles and enhancing connectivity¹¹. With a $160 million investment and a projected completion by 2027, this venture is set to become a landmark in Atlanta’s skyline, attracting both residents and investors alike.

As the city continues to grow, the Underground ATL Tower sets a new standard for urban redevelopment. Its focus on affordability, sustainability, and community engagement makes it a cornerstone for Atlanta’s future. For more insights into this transformative project, visit this link.

FAQ

What is the vision behind the Underground ATL Tower project?

The Underground ATL Tower project aims to transform downtown Atlanta by creating a vibrant, mixed-use community. It focuses on affordable housing, entertainment, and art, making the area more accessible and appealing to residents and investors alike.

How does Lalani Ventures contribute to affordable housing in Atlanta?

Lalani Ventures is committed to increasing affordable housing units in Atlanta. Through partnerships with local groups and innovative financing, they ensure that a significant portion of the development includes affordable housing options for low- and middle-income residents.

What makes the Underground ATL Tower a unique investment opportunity?

The project’s strategic location in downtown Atlanta, combined with its focus on affordable housing and mixed-use design, makes it an attractive investment. It aligns with the city’s goals for urban renewal and community growth.

How does Exact Capital support the development of this project?

Exact Capital provides essential financing and investment strategies to bring the Underground ATL Tower to life. Their expertise in urban development ensures the project is both viable and impactful for the community.

What is the expected timeline for the construction of the Underground ATL Tower?

Construction is set to begin this year, with key milestones planned over the next few years. The project is expected to be completed in phases, ensuring a smooth transition for future residents and businesses.

How will the Underground ATL Tower impact the local community?

The development will enhance the area by providing affordable housing, creating jobs, and boosting local businesses. It will also serve as a cultural hub, fostering a sense of community through art and entertainment options.