Up to $370M in bonds approved for Atlanta housing units for teachers, seniors

A projected image of a high-rise building in a downtown area.
The Teachers Village development will be located at 98 Cone St. NW in downtown Atlanta. (Courtesy of RBH Group).

This story was updated at 3:43 p.m.

The Development Authority of Fulton County approved up to $370 million in federally tax-exempt bonds on Aug. 27 for the construction of the “Teachers Village,” a high-rise, mixed-use housing residence for teachers, health care professionals and seniors.

Set to open in 2027, the project will span more than 400,000 square feet and will be located at 98 Cone St. NW in downtown Atlanta near Centennial Olympic Park, according to its New Jersey-based developer RBH Group. The group has also created Teachers Village units in Newark, New Jersey, and Hartford, Connecticut.