The property is located immediately west of the Beltline\u2019s Murphy Crossing redevelopment site, about a block from the Westside Trail. It had previously been used as box warehouses since the early 1970s.\u00a0<\/p>\n
Urban Realty\u2019s former office-heavy redevelopment plans (originally dubbed \u201cThe Murphy\u201d) came to light in spring 2019.<\/p>\n
\n Sean Donahue, development partner at Urban Realty, says the scope of current phase-one construction calls for 126 apartments\u2014ranging from studios to two-bedroom options\u2014along with 16,000 square feet of creative commercial space in the former Cut Rate Box buildings. Completion is scheduled for the end of 2026.\u00a0<\/p>\n Asked for details on rent ranges and affordable housing, Donahue replied this week via email: \u201cWe\u2019ll release more details soon. For now, we can say there\u2019s a significant affordable component.\u201d\u00a0<\/p>\n Invest Atlanta, the city\u2019s economic development arm, approved $3 million in Beltline Tax Allocation District increment financing to help start phase-one construction last year. At the time, agency officials said 32 of the project\u2019s initial 126 units would be designated as affordable, reserved for residents earning between 60 and 80 percent of the Area Median Income.\u00a0<\/p>\n \n \n The phase-one component is expected to cost $53 million overall, per Invest Atlanta, with amenities that call for a picnic area, central laundry, fitness room, and other features. Overall, Oakland Exchange is envisioned as a new gateway to the Beltline.\u00a0<\/p>\n The majority of phase-one Oakland Exchange units (94 total) would rent at market-rate, ranging from $1,410 monthly for studios to $2,283 for two-bedrooms, per Invest Atlanta\u2019s 2025 tabulations. \u00a0<\/p>\n In 2024, Urban Realty partnered with Kronberg Urbanists + Architects and Praxis3 to design what\u2019s described as a \u201cmultifaceted destination for residents, office and retail users, and community members\u201d that will eventually span 5 acres, including vacant land adjacent to warehouses. Stream Realty Partners was also hired to lease the project.<\/p>\n The brick buildings in question stand three and four stories along a MARTA line, where an infill station is vaguely planned<\/a> to possibly take shape in coming years as a transit connection to the Beltline.\u00a0<\/p>\n Eventually, plans call for more than 200 residential lofts, plus 60,000 square feet of offices and 8,000 square feet of retail at Oakland Exchange.<\/p>\n \n The Oakland City project joins an influx of active construction and proposals that could bring thousands of new homes and a surge of commercial activity to surrounding blocks in Beltline-adjacent neighborhoods.\u00a0<\/p>\n Also in Oakland City, vertical construction is well underway on the 326-home 840 Woodrow<\/a> development, which is claiming about 7 total acres of former industrial land. Another aspect of that project will see subsidized commercial spaces for local entrepreneurs, per officials.\u00a0<\/p>\n Down the street in Capitol View, plans that call for a 25-acre, potentially\u00a0billion-dollar new district<\/a>\u00a0with more than 4,000 housing units overall came to light last year. An Empire Communities townhome component of that project is under development now.\u00a0<\/p>\n Meanwhile, Arizona-based Culdesac is building two\u00a0pocket neighborhoods<\/a>\u00a0of for-sale townhomes in the area with prices starting in the high $100,000s.\u00a0<\/p>\n Planning efforts also continue at the area\u2019s best-known redevelopment site\u2014one that overlooks the mainline Beltline loop trail\u2014following high-profile disagreements between owners and developers. Atlanta Beltline Inc. parted ways last year with selected developers Culdesac and Urban Oasis Development for the vacant, 20-acre Murphy Crossing property. Beltline leadership has taken the reins on\u00a0planning and development<\/a>\u00a0and expects to break ground on the initial phase at Murphy Crossing sometime in 2026, officials have said.\u00a0<\/p>\n Find more Oakland Exchange imagery and context in the gallery above.\u00a0<\/p>\n …<\/p>\n Follow us on social media:\u00a0<\/p>\n Twitter<\/a>\u00a0\/\u00a0Facebook<\/a>\/and now:\u00a0Instagram<\/a>\u00a0\u00a0<\/p>\n \u2022\u00a0Oakland City news, discussion<\/a>\u00a0(Urbanize Atlanta)\u00a0<\/p>\n<\/a>
\nContext of Oakland Exchange’s Beltline proximity and other investments in the general area, as shown in 2024.Oakland Exchange\/Urban Realty Partners<\/p>\n<\/a>
\nOakland Exchange’s existing warehouse buildings and water tower, as seen along Murphy Avenue, looking toward downtown in early 2023. Google Maps <\/p>\n<\/a>
\nOverview of Oakland Exchange’s two early 1900s warehouse buildings remade with active uses. Oakland Exchange\/Urban Realty Partners<\/p>\n<\/a>
\nHow original, heavy-timber features at the warehouse buildings appear today. Renovation plans call for retaining them. Oakland Exchange\/Urban Realty Partners<\/p>\n