ATLANTA, Ga. (June 17, 2025) – Woodfield Development, one of the nation’s leading developers of Class A multifamily communities, has closed on the land for 840 Woodrow, a transformative mixed-use project located on Woodrow Street SW in Atlanta’s historic Westside. The site sits directly along the Atlanta BeltLine’s Westside Trail and marks a major milestone in bringing high-quality affordable housing and community-centered development to Southwest Atlanta. The opportunity was sourced
in partnership with Vida Companies, an Atlanta based, mission-driven development firm that played a key role in the project’s early entitlements and design.
Slated to break ground in the coming weeks, 840 Woodrow is a $76.76 million development that will include 326 new residential units, with 66 units designated as affordable/workforce housing exceeding the City of Atlanta’s Inclusionary Zoning requirements. Five percent of units will be reserved for individuals utilizing tenant-based vouchers.
The project is being developed in partnership with American South Capital Partners (ASCP), a joint venture of SDS Capital Group and Vintage Realty Company, which has committed over $176 million to 25 projects across the Southern U.S., financing more than 7,071 housing units, 83% of which are affordable to families earning less than 80% of the Area Median Income (AMI). The 840 Woodrow development marks the first collaboration between Woodfield Development and ASCP, reinforcing both firms’ dedication to equitable, community-driven housing solutions. Adam Bieber, Alec Jenkins, and Nicholas Kazma of BWE advised and arranged the equity and debt for the project. This initiative supports Atlanta’s broader housing goals and contributes to the revitalization of Adair Park and the Westside through sustainable investment and inclusive economic development.
“This land closing is a significant step forward in bringing thoughtful, inclusive development to the Westside,” said Vice President and Regional Development Partner of Woodfield Development, Patrick Kassin. “We’re proud to partner on a project that expands housing access, supports local businesses, and reflects the creativity and culture of this community.”
840 Woodrow will also feature subsidized commercial space for local entrepreneurs, including repurposed shipping container storefronts, and an adaptive reuse of an existing building into a job training facility and headquarters for a locally based coffee roaster committed to local hiring. The project is designed to reflect the surrounding neighborhood while enhancing its future through public art programming, sidewalk improvements, and community-driven amenities.
“The City of Atlanta has an admirable goal of increasing the supply of quality housing that is affordable for its residents, and by partnering with Woodfield we can help deliver on that promise,” said David Alexander, ASCP Managing Partner and CEO of Vintage Realty Company.
Located in a fast-evolving corridor with direct access to the BeltLine, 840 Woodrow is expected to generate more than 500 construction jobs and 40+ permanent jobs, while significantly increasing local tax revenue. According to Develop Fulton, first-year tax contributions are projected to exceed $640,000, up from just over $16,000 in 2022.
This milestone follows the Develop Fulton Board’s unanimous approval of a bond resolution in April 2025, a key step in advancing the project’s financing and long-term impact. The project is expected to break ground within 30 to 40 days, with construction underway shortly thereafter.
840 Woodrow thoughtfully incorporates repurposed commercial spaces to support startups and local businesses, contributing to economic growth and community vibrancy. A key investment includes $1.5 million allocated for brownfield remediation, ensuring environmental safety and site revitalization. Additionally, the development embraces adaptive reuse strategies aimed at workforce development and training. Enhancements such as public art installations, improved streetscapes, and direct BeltLine connectivity further enrich the neighborhood experience and promote walkability and cultural engagement.
For more information, please visit woodfielddevelopment.net.
About Woodfield Development
Woodfield Development is a premier developer and operator of Class A multifamily communities. Amongst its peer group, the Woodfield partnership has unmatched experience in multifamily development and asset management. Since its founding in 2005, Woodfield has completed 74 communities, has 16 communities under construction, and numerous projects in various stages of entitlement and design. Woodfield’s earliest developments were located predominantly in the southeast and Mid-Atlantic, but the company has since expanded its footprint to include markets in the Northeast, Florida, Tennessee, and Texas.
From the first project to each thereafter, the singular goal is to deliver well-conceived, thoughtfully designed, market supported projects that hit each market’s sweet spot and create value for Woodfield’s investors and partners. Relying on local knowledge with experienced development partners, Woodfield sets the new high bar with each development it delivers. With a track record that stands above, Woodfield Development sets out to assemble the best team of designers, consultants, architects, general contractors, and capital sources every development, every time. Read more at woodfielddevelopment.net.
About American South Capital Partners
American South Capital Partners manages a family of real estate impact funds focused on investing in transformative projects in 10 states across the Southern U.S. American South Capital Partners, is a joint venture between Los Angeles-based impact fund manager SDS Capital Group (www.sds.capital) and Vintage Realty Company, a Shreveport, Louisiana-based property developer/manager (www.vintagerealty.com).
For more information, visit www.ascp.capital
About Vida Companies
Vida Companies is an Atlanta-based real estate development firm focused on multifamily, single-family build-to-rent (BTR), and mixed-use properties across the Southeastern United States. Known for its commitment to innovation, quality, and community stewardship, Vida has developed over 15,000 residential units totaling $3 billion in institutional real estate. Vida partners with institutional investors, private equity funds, and high-net-worth individuals, and also sponsors the Vida Opportunities Fund series for accredited investors. Learn more at www.vidacompanies.com.
CONTACT & MORE INFO:
Kreps PR
for Woodfield Development
Maritza Arceo, 305-498-6043
marceo@krepspr.com
DB&R Marketing Communications
for American South Capital Partners
Bruce Beck/DB&R Marketing Communications, Inc
(818) 540-8077 (mobile)
bruce@dbrpr.com
