Gorman & Company, a Wisconsin-based developer specializing in affordable housing, is set to break ground on The Fifty-Five, a new 60-unit mixed-income, mixed-use apartment community in East Point, Georgia.
The project is located at 2855 East Point Street, just one block west of the East Point MARTA station, in the city’s historic downtown area (between Dorsey and Thompson streets).
The Fifty-Five Building Opening in East Point
It emphasizes transit-oriented development, placing residents within easy walking distance of MARTA for convenient access to downtown Atlanta and the airport.
The Fifty-Five will consist of a four-story, approximately 77,000-square-foot building featuring one-, two-, and three-bedroom apartments.
All 60 units will be reserved for households earning between 30% and 80% of the area median income (AMI), providing much-needed affordable and workforce housing options.
The mixed-use design includes street-level retail space, along with resident amenities such as a fitness center, computer lab, community spaces, and outdoor gathering areas to foster neighborhood connections.
Gorman & Company will handle the design, development, construction, and ongoing management of the project.
The groundbreaking ceremony is scheduled for Friday, March 27, 2026, at 10:00 a.m. Construction is expected to proceed with completion targeted for fall 2027 and leasing to begin around that time.
Joel Reed, Gorman’s Southeast market president, highlighted the project’s community focus: “The Fifty-Five represents the kind of intentional, community-driven development that makes a lasting impact. By creating new affordable housing in a multi-modal location, we’re helping ensure East Point residents can remain in the community they call home while continuing to thrive.”
This development aligns with East Point’s efforts to promote transit-oriented affordable housing and inject economic vitality into its downtown.
It adds to Gorman & Company’s growing portfolio of Atlanta-area projects, which includes recent completions and ongoing initiatives tied to MARTA stations and historic sites.
More Content From AtlantaFi.com: