Union Terminal Warehouse Phase II

About the project

Columbia Ventures LLC formed in 2013 to focus on residentially anchored mixed-use development in urban locations in the southeastern US. Created in collaboration with the principals of the award-winning affordable housing development and property management firm, Columbia Residential, Columbia Ventures leverages the platform founded in 1991 by Noel Khalil to create a market-rate development and investment company with a unique skill set and dynamic approach to urban development.

Columbia is headquartered in Atlanta, GA.

LISC provided Columbia Ventures a $4.60 million predevelopment and acquistion loan to support Phase II of the Union Terminal Project. LISC previously supported Phase I of this project. Phase II includes 300 units of mixed-income rental housing, including 94 units affordable to families making no more than 80% of AMI. The sponsor was responsive to community feedback for a range of affordability options in the new housing units and the project also aligns to the strategic plan created by Urban Design Associates (UDA) for the neighborhood.