Atlanta Mayor Keisha Lance Bottoms joined Morehouse School of Medicine (MSM) President Dr. Valerie Montgomery Rice and officials from Carter for a groundbreaking ceremony to commemorate the first phase of a new 7.2-acre mixed-use development. The development will include the first-ever graduate student housing units on the MSM campus, comprising 187 units through a combination of studio, one- and two-bedroom offerings.
The Lee Street campus, named for its location in the West End, will also include a 25,000-square-foot ambulatory health facility, a 9,000-square-foot fitness/wellness center, 2,500 square feet of retail space and a four-level parking deck at the corner of Lee Street and Westview Drive. Funds from the school’s most recent capital campaign were used in part to fund this project.
“MSM is dedicated to improving the health and well-being of individuals and communities, while also increasing diversity in the health profession and scientific workforce,” Rice said. “For more than five years, about 65 percent of our resident graduates have elected to practice in Georgia, showing their commitment to our vision and the improvement of health care in our State. We are confident this new development will serve as a vibrant living and learning community that will attract and retain, particularly, students and our graduates, to come and remain in Georgia.”
Last year, MSM announced a partnership with Carter and Oakwood Development to expand the school’s campus as it recognized the need for quality apartments nearby. Construction is scheduled for completion in time for the 2020 school year. This more than $52 million mixed-use development will provide a new gateway to the Atlanta University Center, in Atlanta’s Historic West End.
The ownership joint venture for the project includes equity investments by the Morehouse School of Medicine, Carter, and Campus Life Fund, sponsored by Atlantic American Partners. Construction financing is being provided by First Citizens Bank. The construction financing was secured by Patterson Real Estate Advisory Group.
“We are thrilled to be partnering with the Morehouse School of Medicine on this Class A mixed-use development,” said Scott Taylor, the president and CEO of Carter. “We believe this project will anchor the southern gateway to the AU Center and the Westside of Atlanta while catalyzing more activity in the area.”
Ranked first in social mission, a role emphasized as critical to improving the country’s overall health care, MSM has been recognized by the Association of American Medical Colleges (AAMC) for leadership in primary care training. In September of this year, MSM welcomed the largest class in the school’s history, including 100 M.D. students.