This building at 87 Walton Street in Fairlie-Poplar was built in 1910. It’s served a variety of uses over the years, most recently as The Madison House, a “based on income” apartment house.
While I’m not happy to see affordable housing go away for low-income people, the market is what it is and the building has been purchased for conversion into a hotel. It will become the Home2 Suites by Hilton.
The upside of this project: the building is getting a $3.1 million upgrade for energy efficiency, giving it a chance to be certified LEED silver, as reported in the press release.
The nine-story building, currently operating as a residential hotel and located in the Fairlie-Poplar Historic District, will participate in the Atlanta Better Buildings Challenge, launched in 2011 as part of a national initiative by President Barack Obama to make the nation’s commercial buildings 20 percent more energy efficient by 2020.
As studies have shown, reusing old buildings and upgrading their energy efficiency can be much more “green” than new construction.
As reported in this post from Kaid Benfield:
Building reuse typically offers greater near-term environmental savings than demolition and new construction. This study finds that, for five of the six building types considered in the study, it can take 10 to 80 years for a new building that is 30 percent more efficient than an average-performing existing building to overcome the negative climate change impacts related to the construction process.