Tenth Street Ventures, a collaborative of developers, designers and builders working to bring more affordable housing to Atlanta, have opened their newest project, Studio9Forty, at 940 Piedmont Ave.in Midtown. The twist? They allow renters to Airbnb their units when they’re not in town, creating a revenue stream to make them more affordable.
Inspired by the patrons and look of legendary Studio 54, Studio9Forty has 24 studios and one-bedrooms for rent, starting in the low $1,400s per month. Leasing is now underway.
They eye-popping Interior artwork was created by artist Srinjoy Gangopadhyay with Deljou Art Group, while architectural design is by Office Design and interior design by LC Design.
“We’re motivated to breathe new life into established neighborhoods with imaginative and affordable projects,” said Brian McCarthy, a principal at Tenth Street Ventures. “We design homes people will be proud of, using the best in art, design and technology.”
McCarthy said he and and his partners at Tenth Street Ventures have built a team with expertise in deal structuring, finance, asset and property management, construction management, architecture and design. Combined with an eye for hidden gems in vibrant neighborhoods, Tenth Street Ventures is rehabbing older buildings while keeping them more affordable than what’s on the market.