DECATUR, GA - The Related Group’s mixed-use development Manor Druid Hills was approved for a property tax incentive by Decide DeKalb’s Board of Directors, who voted on Oct. 13, 2022 to approve a crucial funding mechanism for Related’s $180 million project.
“We’ve been working with community members and County officials over the past several months, refining our redevelopment plans, and this vote was essential for moving the project forward. It means that Manor Druid Hills will now move to the next phase of planning and ultimately a ground-breaking celebration,” said Ed Allen, EVP of Development for Related Development LLC. “We have enjoyed working with Decide DeKalb and County leaders on this development, and Related is actively looking for more opportunities in DeKalb County.”
Manor Druid Hills will rise at 2601 Briarcliff Rd., and include 381 apartments with 20 percent of the units available at affordable rates, 55,000 square feet of medical office space, 140-room hotel with long-term stay suites for families of patients at Children’s Hospital of Atlanta, as well as $4.5 million in roadway, sidewalk and greenspace improvements. The project is expected to create 220 temporary construction jobs.
Manor Druid Hills is designed to serve the needs of nearby residents and surrounding businesses. With the Children’s hospital nearby, there’s a need for more medical offices and the hotel that will serve patients’ families. Police officers, firefighters, teachers and others will benefit from having access to more affordable housing.
“With the decision of the Decide DeKalb board, we’re now poised to build an incredible project that includes a hotel that will serve families that visit Children’s Hospital of Atlanta nearby, affordable housing that will serve public servants like teachers, and will create 270 full-time jobs with an average six figure salary,” Allen added. “It will be an amazing asset for this community and the entire region.”
Decide DeKalb Development Authority, the economic development arm for the county, estimates that over 20 years, taxes paid on Manor Druid Hills will exceed $94 million – with $43 million going to the school board, $36 million to DeKalb County and $2.7 million to Brookhaven. Annually, taxes will total $4 million per year over the first 10-years of the agreement. Taxes currently paid on the site total $129,564 per year.
Construction is slated to begin in spring 2023.
Conceptual renderings of the project are available here.
About Related Group: Since 1979, Related Group has enhanced skylines with iconic developments characterized by innovative design, enduring quality and inclusive living. Through groundbreaking partnerships with world-renowned architects, designers and artists, Related has redefined urban environments on a global scale, fostering distinctive, dynamic communities and symbolic landmarks that have become sources of local pride. To date, Related has built and managed more than 100,000 condominium and apartment residences that are meticulously designed with finishes and amenities that transform buildings into vibrant residential environments. Related doesn’t just create neighborhoods…it builds legacies. Find more information at www.relatedgroup.com