Construction is moving forward on HearthSide Riverdale, an affordable senior housing development spearheaded by One Street Residential, an Atlanta-based developer known for its work in affordable and workforce housing. The development, situated in north Clayton County about 15 miles from Downtown Atlanta, marks an expansion of One Street Residential's outreach efforts within the metro Atlanta region. With a growing senior population in Riverdale, the demand for affordable housing is being addressed by this new initiative that offers 70 multifamily units, 58 of which are reserved for seniors earning less than 60% of the area median income, as reported by Atlanta Business Chronicle.
The development is a collaboration between One Street Residential and Swinerton, a general contractor with a track record of successful multifamily projects, including the recently acclaimed HearthSide Lawrenceville; this project furthers their mutual commitment to providing accessible living spaces for low-income seniors—a population that saw nearly 10% over the age of 65 struggling with housing costs in Riverdale according to a market assessment for One Street Residential which highlighted the widening gap as rising demand puts pressure on available affordable units, and has forced stakeholders to reconceptualize housing provisions for the aging demographic. Swinerton, which took home the Construction Management Association of America (CMAA) South Atlanta Project Achievement Award for HearthSide Lawrenceville, is overseeing the entire scope from demolition to landscaping of the new complex that emphasizes community-oriented features and is expected to reach completion early 2026, based on information from Metro Atlanta CEO.
Located at 6795 Powers Street near Highway 85, the HearthSide Riverdale is not just amalgamating one- and two-bedroom apartment homes in a single-building structure but also includes amenities tailored to senior living, like a community room, fitness center, and a 700-square foot bistro to enhance resident dining experiences, all within a pet-friendly gated complex. As the cost of living continues to rise and more seniors become renters, the affordable housing units represent a significant step in addressing the income disparity that has affected seniors in the area, with a substantial fraction earning less than $25,000 a year.
With the southeast division of Swinerton having constructed over 11,000 residential units in metro Atlanta, this particular project contributes to their growing portfolio in the region and taps into their expertise that spans various sectors, including aviation and healthcare; it speaks to their capacity to manage intricate construction demands, a feat illustrated by their rapid expansion and nearly 60 construction professionals already making their mark since 2018, an evolutionary trajectory encapsulating a commitment to the multifamily sector that reflects the pressing societal shift toward more inclusive housing opportunities for vulnerable populations, as per analyses from the Atlanta Business Chronicle and Metro Atlanta CEO.
