{
  "id": 12322890,
  "title": "Atlanta’s Presidential Hotel could become 282 apartments in $53.3m plan",
  "url": "https://urgent.news/2026/10/06/atlantas-presidential-hotel-could-become-282-apartments-in-53-3m-plan",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T06:45:46.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/atlantas-14-story-presidential-hotel-opened-in-1973-closed-after-just-14-years-and-later-sat-vacant-for-more-than-a-decade-a-53-3-million-redevelopment-can-now-turn-the-landmark-into-282-apartments/articleshow/134690660.cms"
  },
  "original_language": "en",
  "account": "The DeKalb County, Georgia, Presidential Hotel, a once prominent 14-story building located at 4001 Presidential Parkway near the I-85 and I-285 interchange, is set to undergo a significant transformation. The hotel, which was built in 1973, fell into disrepair after operating for 14 years and eventually closed in 1987.\n\nRecent estimates suggest that over 426,700 vehicles pass by the site daily, causing it to become an eyesore for travelers. However, the building's future may now involve a different purpose, as DeKalb County issued a permit allowing Aramar Investments to convert the tower into 282 market-rate apartments in a $53.3 million project.\n\nThe renovated building will consist of 76 studio units, 150 one-bedroom units, 52 two-bedroom units, and four penthouses. Two-bedroom units are expected to rent for approximately $1,800 per month. The construction will take place on a seven-acre site and require 150,000 square feet of building space.\n\nDeKalb County CEO Lorraine Cochran-Johnson emphasized the significance of the redevelopment, stating that the project will turn a longstanding eyesore into a productive residential community. District 1 Commissioner Robert Patrick and DeKalb County Chief Development Officer Jacob Vallo have also expressed support for the initiative, highlighting the potential for the project to create a new chapter for the property and improve the surrounding area.\n\nWhile the exact timeline for construction completion and leasing of the new residences has not been confirmed, DeKalb County leaders hope to complete the project by the end of next year.",
  "summary": "DeKalb County has approved an initiative to transform the empty Presidential Hotel into modern market-rate apartments. This $53.3 million project will feature 282 residential units, including studio, one-bedroom, and two-bedroom layouts, with expected completion by the end of next year. Local residents have welcomed this development as a major enhancement to the community's housing options.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}