Columbia Senior Rehab Financing Approved in Mechanicsville
Invest Atlanta approved $8.5 million in bonds to buy and rehab Columbia Senior at Mechanicsville, 555 McDaniel St SW.
Columbia Senior at Mechanicsville, an existing 155-unit senior community at 555 McDaniel St SW, Atlanta, won Invest Atlanta approval of $8.5 million in tax-exempt bond financing for its acquisition and rehabilitation. The building spans four floors and 115,500 sq ft. Columbia Residential leads this mixed-income community.
Amenities include a theatre, fitness center, community garden, and surface parking. Of the 155 units, 150 are designated affordable housing.
Residents will have access to elevators, dishwashers, garbage disposals, and pre-wired security systems. Select units offer balconies. Central air conditioning is available but not included in utilities.
Correction, Oct. 22, 2026: An earlier version of this story described the project as a new development due for completion March 31, 2028. It is an existing senior community, and the approval was Invest Atlanta bond financing for its acquisition and rehabilitation.
- Address
- 555 McDaniel Street SW, Atlanta, GA 30312
- Units
- 155
- Floors
- 4
- Sq ft
- 115,500
- Completion
- Mar 2028
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