Northwood Ravin and Fuqua are teaming up on an apartment project called The Bowery in Old Fourth Ward. The Atlanta Business Chronicle reports that a shuttered Desperate Housewares is being demolished to make way for the project. Work should begin this fall, and delivery is estimated to occur in mid-2028.
The Bowery will consist of 273 apartment units and 12 townhomes, spread across seven stories. Of those units, 15% will be reserved for households earning at or below 80% of the area median income. There will also be 12,000 square feet of retail space.
The project is expected to exceed $122 million. The developers will benefit from $5.7 million in tax savings across 10 years. Northwood paid $14 million for the development site in 2023.
Northwood is also currently developing the 370-unit Halo project in East Decatur, which will feature a rooftop pool and a resident artist program.
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