Brewer to Break Ground on Apartments

ATLANTA-In an overbuilt apartment market, locally based Greenwood Street Properties has reduced the size of its planned Glenwood Park development to 150 units from 300 as it prepares to break ground in February on a 28-acre site near Interstate 20 and the Glenwood-Memorial Connector.

Headed by Internet MindSpring founder Charles Brewer, Greenwood Street Properties will comprise about 125 townhomes in the $300,000 price range; 125 detached single-family residences in the low $300,000 to high $400,000 level; and 125 condos from $150,000 to $250,000, area multifamily brokers following the market tell GlobeSt.com.

The first 15 single-family homes and eight townhouses are expected to be ready for occupancy by June. The first phase of retail space and condos is scheduled for completion by year end.