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$100M Inman Park Venture Ready to Roll

ATLANTA-Ultima Holdings, one of five development associates in the estimated $100-million project, will be constructing 68 loft-style residential condominium units, 20,000 sf of retail and 4,500-sf restaurant at a project development cost of $17 million.

By Alex Finkelstein | Updated on February 17, 2004

ATLANTA-Locally based Wood Partners Inc. and four other developers are ready to begin one of the most ambitious in-town redevelopment projects in the city’s historic Inman Park community.

Area brokers and construction industry estimators tell GlobeSt.com the entire development cost of Inman Park Village will probably come in at $100 million. Wood Partners, a luxury apartment builder, is the lead developer at the 21-acre, former Mead Paper Co. site. Wood selected the development team and will itself be building 253 apartment units, ranging in size from studio units to three-bedroom units.

Homebuilders Geoff Brunning and Ray Stang, redevelopment specialists for the past 25 years, tell GlobeSt.com they plan to break ground in early March on 41 three-story townhomes and 17 single-family houses. The townhomes will be priced from $300,000 to $500,000. Single-family homes with basements will start at $700,000. The Columns Group will be working with Brunning & Stang Co.

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