The AUC district is said to have lost roughly 60% of its residents over the last 20 years. Credit: Breno Assis via Unsplash.

American real estate developer Urban Renaissance Development (URD) has announced its plans to build more than 200 build-to-rent (BTR) homes in the Atlanta University Center (AUC) district in Georgia, US.

The developer is specifically focusing on constructing market-rate rental homes that will bolster existing communities surrounding the multiphase project.

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The project will employ modular designs and off-site building methods in order to save time, money, and reduce waste and disruption throughout the process.

URD co-founder and manager John E Williams said: “The overarching goal of URD is the revitalisation and flourishing of the neighbouring residential communities comprising the AUC.”

The area is said to have lost approximately 60% of its residents over the last two decades, with roughly three-fourths of the district’s properties either unoccupied or inhabitable.

URD co-founder Brian King added: “We believe this will be the most meaningful noncontiguous infill development in the AUC district in decades.

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“Despite its rich heritage and significance to the Black community nationwide, this area has been neglected long enough. It’s time to bring these empty lots back to life.”

The Mercedes-Benz Stadium and the $5bn Centennial Yards redevelopment project, a 50-acre complex offering residential, retail, dining, and entertainment options, are both within walking distance of the project.

URD co-founder Bernard Felder noted that the company is pursuing self-performance and partnership strategies to attract investment and collaboration with finance development partners to support its efforts in the project.