WRS, Inc.has announce three major signings for its four-block redevelopment of Underground Atlanta, including a hotel, an LGBTQ+ nightclub/restaurants and apartments.
Located at the northwest corner of Pryor and Upper Alabama and adjacent to the Five Points MARTA Station with direct tunnel access into the station, YOTEL will be located on 1.90-acre site Block One. The hotel brand, which has properties in London, Paris, New York and other international cities, offers compact luxury “cabin” spaces at more affordable prices. The no-frills approach includes 24-hour self-service check-in, a gym, onsite restaurant, bar, rooftop pool and outdoor terraces designed for co-working and informal meetings. Construction is slated to begin in summer 2020, with an anticipated opening date of Fall 2022.
At the southwest corner of Pryor and Alabama on Block Four, Keith Young and Hoosh Mishu have signed a 10-year lease for Future, a night club and restaurant geared toward LGBTQ+ patrons. Atlanta-based drag queen, Phoenix, who competed on “RuPaul’s Drag Race,” will lead the cabaret show. The 14,000 square-foot, two-story space will be open for lunch and dinner and available for private rentals for functions and events. Walix Construction has demolished the existing retail spaces and will construct the new venue. Axis will lead the architecture efforts and Planning Interiors, Inc. will take charge on the design front.
Prestwick Companies will develop apartments on Block Three, a 3.09-acre site at the Southwest corner of Central and Alabama. The housing will feature a mix of street-level retail focused on the needs of the neighborhood and Georgia State University students. The development, known as The Avery, will have around 130 units with one bedroom, two bedroom and three bedroom options. Approximately 104 units will be affordable for families earning 60 percent of the area median income or below, while 26 units will be unrestricted, market units.