Pioneering homeowners, merchants and restaurateurs are turning the areas around and making them hip places to live. Now comes multifamily housing to add to the mix, as well as low-rise and mid-rise offices geared toward professionals.
By mid-October, construction on 68 townhouses will begin in East Atlanta, just south of I-20, the east-west highway artery that cuts across South Atlanta. The developer is Bailmar Ventures LLC.
Within the same month, developer Kevin Moats expects to get the zoning approval for Glenwood Green, a 188-townhouse project in nearby Grant Park.
Bailmar is developing the $7.5-million Village at East Atlanta on a three-acre site on which apartments formerly stood. To be built in three phases, the project will have townhomes from 860 sf to 1,330 sf. Prices will begin at about $122,000. All of the homes are expected to be completed next summer.
Moats' $35 million project will go up on a 12-acre tract, the former site of a bakery plant. The townhouses at Glenwood Green will feature one or two bedrooms and will range in price from $145,000 to $220,000.
Another major development in the area is in the offing, possibly by the end of the year, if rezoning is approved. Novare Group plans a $135-million mixed-use project on 27 acres. The complex will have 550 multifamily units, 34 single-family homes, 800,000 sf of retail and a total of 300,000 sf of office space in two six-story buildings.
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