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City of Atlanta Leases 150 Parking Spaces to Trinity Flats Redevelopment LP for Affordable Housing Project

  • When: 2025/08/12
  • Address: 200 Shirley Franklin Boulevard & 133 Trinity Avenue, SW
  • City: Atlanta
  • State: GA
  • Category: City Properties
  • Subcategory: Property Lease
  • Asset Class: Commercial

The City of Atlanta City Council approved an ordinance authorizing the Mayor to enter into a lease agreement with Trinity Flats Redevelopment LP. This agreement secures 150 parking spaces across two city-owned parking decks: 60 spaces at the Government Plaza parking deck (200 Shirley Franklin Boulevard) and 90 spaces at the City Plaza parking deck (133 Trinity Avenue, SW). These spaces are designated for the exclusive use of tenants of the upcoming 104 Trinity Affordable Housing Project. The lease term is 15 years, with two optional 15-year renewals, and an initial monthly rent of $25.00 per space, subject to inflation-based escalation. The agreement waives certain city code requirements for leasing real property to facilitate the project. The commencement of the lease is contingent upon the completion and issuance of a Certificate of Occupancy for the 104 Trinity Affordable Housing Project.

Source

Applicant - Trinity Flats Redevelopment LP


Ownership - City of Atlanta


Mayor or his designee

City Representative - Chris Davis, Commissioner, Department of Enterprise and Asset Management