The Wingate Corporations Breaks Floor for Extremely Anticipated 123-Unit Inexpensive Multifamily Group in Northeast Atlanta

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The Wingate Companies Breaks Ground for Highly Anticipated 123-Unit Affordable Multifamily Community in Northeast Atlanta

ATLANTA, GA – The Wingate Companies announced the groundbreaking of their newest community in northeast Atlanta, GA. Station 496 (formerly known as City Lights 2A) is the third phase of Wingate's master redevelopment plan to revitalize its holdings of 733 affordable apartment buildings in the Old Fourth Ward neighborhood of Atlanta. Wingate will increase its unit mix by keeping 733 units and adding a mixed income community in the future.

Wingate has been an active developer and operator of affordable, market-driven housing in Atlanta since the early 1970s. Most recently, Wingate was a leader in affordable housing revitalization in the Old Fourth Ward community along the Atlanta Beltline Corridor. With the addition of Station 496, Wingate will be more than halfway through the master redevelopment plan for the neighborhood. The next phases are expected to lay the foundation stone in the fourth quarter of 2021 and the second quarter of 2022. Mark Schuster, the President & CEO of The Wingate Companies took this initiative in partnership with and with the strong support of the City of Atlanta, Invest Atlanta, the Georgia State Community Department

Affairs, the US Department of Housing and Urban Development, representatives from the Old Fourth Ward community and several investment partners.

The property at station 496 is scheduled to open in spring 2022. It has 123 apartment buildings with modern floor plans, well-equipped kitchens and bathrooms, washing machines and dryers, as well as amenities such as a business center, spacious common room and fitness center and outdoor playground that serve its residents and unmet local needs.

"We are excited to work with the City of Atlanta and our community partners to provide families with modern, high-quality, affordable housing that will help revitalize the area while improving the quality of life for our residents. Our company motto is," It's All “About Home is illustrated by what we're building at Station 496,” says CEO Mark Schuster, “which complements our other housing developments currently in Boston, Massachusetts and Providence, Rhode Island.

Groundbreaking attendees and special guests include Atlanta Mayor Keisha Lance Bottoms, Alderman Amir Farokhi, Invest Atlanta President and CEO Eloisa Klementich, Fulton County Commissioner Natalie Hall, former US Congresswoman Kwanza Hall , the President and CEO of the Wingate Companies, Mark Schuster, and Radio Personality Frank Ski, to name a few. Other invited guests include the State Representative Park Cannon, Atlanta City Council members, the Fulton County Board of Commissioners, and representatives from the HUD and DCA.

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