A plan for a multimillion- dollar investment in the Eastside neighborhood by a Georgia foundation that builds affordable housing has fallen through.
Paces Foundation, a developer of affordable housing projects in Smyrna, Ga., was under contract to buy from Manna Food Pantries the razed site of the former J. Lee Pickens School at 2501 N. Hayne St.
“We would have liked for the project on Hayne Street to work out,” says Rick Haymond, development manager for Paces. “Unfortunately it didn’t. We really enjoy working in the area, and we’ve had good success there.”