Mixed Use Project by Purchaser of Underground Atlanta in The Works
It's no surprise that commercial real estate investors are looking to turn unused office space into affordable housing amidst the current climate of low affordable housing inventory and so many vacant urban offices. Shaneel Lalani, the CEO for Lalani Ventures and the same purchaser of Underground Atlanta, is no different. He is in the early stages of planning a massive project at One Park Tower where he told Bisnow he plans "to convert 20 floors of office space in the 30-story building into 200 apartment units." This project hinges on getting Invest Atlanta's support, which is still pending at the moment. Check out the whole story in the article here.
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