Author: cre101_93oscz

Insignia Snags Distressed Atlanta Office Asset

Insignia has acquired Parkside Terraces, a 20-acre Alpharetta office campus that sold for much less than the previous owner paid for it.

The Atlanta Business Chronicle reports Insignia took title to the property for $15 million through a deed in lieu of foreclosure. That was almost 70% less than the previous owner paid for the property about six years ago. Insignia secured a $10 million loan from White Oak Assets LLC for the transaction.

Parkside Terraces’ previous owner, Ravinia Capital Group, bought the property for $48.1 million in April 2019. Ravinia had secured a $39.2 million loan from Citizens Bank National Association, which matured in May 2024.

Parkside Terraces is on Mansell Road, not far from North Point Mall. It includes 127,000-square-foot and 156,000-square-foot buildings and is about 80% leased.

Similarly, Insignia acquired the Embassy Row in Sandy Springs for $34 million in late 2023 through a deed in lieu of foreclosure. A bank loan attached to the property at time of sale was for $60 million.

The post Insignia Snags Distressed Atlanta Office Asset appeared first on Connect CRE.

​  Insignia has acquired Parkside Terraces, a 20-acre Alpharetta office campus that sold for much less than the previous owner paid for it. The Atlanta Business Chronicle reports Insignia took title to the property for $15 million through a deed in lieu of foreclosure. That was almost 70% less than the previous owner paid for the …
The post Insignia Snags Distressed Atlanta Office Asset appeared first on Connect CRE. Read MoreAtlanta Metro Commercial Real Estate News

Insignia has acquired Parkside Terraces, a 20-acre Alpharetta office campus that sold for much less than the previous owner paid for it. The Atlanta Business Chronicle reports Insignia took title to the property for $15 million through a deed in lieu of foreclosure. That was almost 70% less than the previous owner paid for the …
The post Insignia Snags Distressed Atlanta Office Asset appeared first on Connect CRE.

Foreclosed-On Burlington Shopping Center Trades for $38.5M

A judge approved the sale of Alamance Crossing, an 855,000-square-foot shopping center in Burlington, to Real Capital Solutions for $38.5 million. The Triad Business Journal reports that Alamance Crossing has faced financial troubles in the past few years. In 2023, the Alamance County Superior Court appointed Spinoso Real Estate Group to take over management from CBL Properties after it defaulted on a $50.8 million bank loan in 2021. In July of 2024, the Alamance Superior Court ordered that the property be listed for sale.

Alamance Crossing is located in the eastern part of Burlington, just off Interstate 40 and near University Drive. The shopping center has retailers including Victoria’s Secret, Shoe Depot, Talbots, Furniture World, Bath & Body Works and Barnes & Noble. It also includes the Southeast Cinemas Alamance Crossing Stadium 16 movie theater as well as restaurants such as Red Bowl Asian Bistro, Cork & Cow, Buffalo Wild Wings and Royal Tea Cafe.

The post Foreclosed-On Burlington Shopping Center Trades for $38.5M appeared first on Connect CRE.

​  A judge approved the sale of Alamance Crossing, an 855,000-square-foot shopping center in Burlington, to Real Capital Solutions for $38.5 million. The Triad Business Journal reports that Alamance Crossing has faced financial troubles in the past few years. In 2023, the Alamance County Superior Court appointed Spinoso Real Estate Group to take over management from CBL …
The post Foreclosed-On Burlington Shopping Center Trades for $38.5M appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

A judge approved the sale of Alamance Crossing, an 855,000-square-foot shopping center in Burlington, to Real Capital Solutions for $38.5 million. The Triad Business Journal reports that Alamance Crossing has faced financial troubles in the past few years. In 2023, the Alamance County Superior Court appointed Spinoso Real Estate Group to take over management from CBL …
The post Foreclosed-On Burlington Shopping Center Trades for $38.5M appeared first on Connect CRE.

Along Beltline, growth continues for multi-block Reynoldstown build

Along Beltline, growth continues for multi-block Reynoldstown build

Josh Green

Fri, 01/17/2025 – 08:01

Along Beltline, growth continues for multi-block Reynoldstown build

Josh Green

Fri, 01/17/2025 – 08:01

Perhaps it’s hard to believe, but a Reynoldstown project transforming several blocks of what’s been called Atlanta’s equivalent to beachfront real estate is approaching its fourth year of construction as 2025 dawns.

Rising from the ashes of a longstanding Reynoldstown steel mill, vertical construction has begun on the next 12-unit section of the Beltline-adjacent Stein Steel project, the largest active project in the neighborhood.

The Kirkwood Avenue building is taking shape among a mix of rare for-sale condos and townhomes a few steps from the Eastside Trail (now technically the Southeast Trail), just north of Memorial Drive.

Current site plan for Stein Steel, with the residential row in question (in red) just east of the Atlanta Beltline (top). Empire Communities/Stein Steel

The 12-unit building in question following Jan. 10’s snowstorm. Josh Green/Urbanize Atlanta

We’ve asked officials with developer Empire Communities for details on what Stein Steel’s next flank will entail exactly, and we’ll update this story with any additional info that comes.

An updated site map on the developer’s website indicates the building will house “stack terrace” units, with listed prices starting at $500,000 for two-bedroom, two-bathroom homes in 1,025 square feet.

Listed offerings in the building currently top out at $684,000, which also buys two bedrooms and two bathrooms but with more square footage (1,371).

The former condition of the Reynoldstown street in question, four years ago. Josh Green/Urbanize Atlanta

How the next Stein Steel flank relates to existing townhomes and condos at the 6.5-acre site. Josh Green/Urbanize Atlanta

Next door to the west, construction continues on a Stein Steel building with condos that’s part of a portion called the Central Tract, which Empire considers the project’s fourth development phase. (For-sale condos are still a relatively rare product for Atlanta, with the only other recent, Beltline-adjacent example being the upscale Roycraft project in Virginia-Highland.)

The Stein Steel project—named for a steel plant that operated on the 6.5-acre site for nearly a century—initially broke ground in 2021. 

On the greenspace front, Empire finished work last year on the Upper Lang-Carson Park component (a half-acre expansion of an existing park next door) and officially transferred the private land and its infrastructure upgrades to the City of Atlanta. Stein Steel’s lone retail offering, Breaker Breaker restaurant, completed its buildout last spring by opening its upstairs bar, Floridaman.

Elsewhere around Stein Steel, the first two phases of townhomes have all sold. Remaining condos are priced from $325,000. That buys one bedroom and one bathroom in 691 square feet, above a one-car garage.

The Stein Steel site in question as plant operations ceased in 2021. Josh Green/Urbanize Atlanta

Construction this month on Stein Steel’s next building along Kirkwood Avenue. Josh Green/Urbanize Atlanta

Overall, Stein Steel is aiming to better weave itself into the historic neighborhood with buildings standing between two and four stories, project officials have said. Its dozens of condos, townhomes, and cottages will mostly be arranged around new streets.  

Swing up to the gallery for more context and a closer look.

…

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Twitter / Facebook/and now: Instagram  

• Reynoldstown news, discussion (Urbanize Atlanta) 

Tags

933 Kirkwood Avenue SE
Empire Stein Steel
Stein Steel
Square Feet Studio
Empire Communities
Atlanta BeltLine
Eastside Trail
Beltline
Lang-Carson Park
Smith Dalia Architects
Troy King
Lord Aeck Sargent
Local Architects
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Lessard
Kimley-Horn & Associates
Merritt Lancaster
Bridger Properties
Breaker Breaker
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Atlanta Development
Atlanta Construction
Atlanta Condos
Atlanta Condos for Sale
Upper Lang-Carson Park

Images

Current site plan for Stein Steel, with the residential row in question (in red) just east of the Atlanta Beltline (top). Empire Communities/Stein Steel

Construction this month on Stein Steel’s next building along Kirkwood Avenue. Josh Green/Urbanize Atlanta

The 12-unit building in question following Jan. 10’s snowstorm. Josh Green/Urbanize Atlanta

Josh Green/Urbanize Atlanta

How the next Stein Steel flank relates to existing townhomes and condos at the 6.5-acre site. Josh Green/Urbanize Atlanta

Looking southwest to the new Stein Steel construction from Flat Shoals Avenue. Josh Green/Urbanize Atlanta

The former condition of the Reynoldstown street in question, four years ago. Josh Green/Urbanize Atlanta

The Stein Steel site in question as plant operations ceased in 2021. Josh Green/Urbanize Atlanta

Subtitle
Next phase of Stein Steel goes vertical steps from Eastside Trail

Neighborhood
Reynoldstown

Background Image

Image

Associated Project

Stein Steel – 933 Kirkwood

Before/After Images

Sponsored Post
Off  Read More 

Along Beltline, growth continues for multi-block Reynoldstown build

Josh Green

Fri, 01/17/2025 – 08:01

Perhaps it’s hard to believe, but a Reynoldstown project transforming several blocks of what’s been called Atlanta’s equivalent to beachfront real estate is approaching its fourth year of construction as 2025 dawns.

Rising from the ashes of a longstanding Reynoldstown steel mill, vertical construction has begun on the next 12-unit section of the Beltline-adjacent Stein Steel project, the largest active project in the neighborhood.

The Kirkwood Avenue building is taking shape among a mix of rare for-sale condos and townhomes a few steps from the Eastside Trail (now technically the Southeast Trail), just north of Memorial Drive.

Current site plan for Stein Steel, with the residential row in question (in red) just east of the Atlanta Beltline (top). Empire Communities/Stein Steel

The 12-unit building in question following Jan. 10’s snowstorm. Josh Green/Urbanize Atlanta

We’ve asked officials with developer Empire Communities for details on what Stein Steel’s next flank will entail exactly, and we’ll update this story with any additional info that comes.

An updated site map on the developer’s website indicates the building will house “stack terrace” units, with listed prices starting at $500,000 for two-bedroom, two-bathroom homes in 1,025 square feet.

Listed offerings in the building currently top out at $684,000, which also buys two bedrooms and two bathrooms but with more square footage (1,371).

The former condition of the Reynoldstown street in question, four years ago. Josh Green/Urbanize Atlanta

How the next Stein Steel flank relates to existing townhomes and condos at the 6.5-acre site. Josh Green/Urbanize Atlanta

Next door to the west, construction continues on a Stein Steel building with condos that’s part of a portion called the Central Tract, which Empire considers the project’s fourth development phase. (For-sale condos are still a relatively rare product for Atlanta, with the only other recent, Beltline-adjacent example being the upscale Roycraft project in Virginia-Highland.)

The Stein Steel project—named for a steel plant that operated on the 6.5-acre site for nearly a century—initially broke ground in 2021. 

On the greenspace front, Empire finished work last year on the Upper Lang-Carson Park component (a half-acre expansion of an existing park next door) and officially transferred the private land and its infrastructure upgrades to the City of Atlanta. Stein Steel’s lone retail offering, Breaker Breaker restaurant, completed its buildout last spring by opening its upstairs bar, Floridaman.

Elsewhere around Stein Steel, the first two phases of townhomes have all sold. Remaining condos are priced from $325,000. That buys one bedroom and one bathroom in 691 square feet, above a one-car garage.

The Stein Steel site in question as plant operations ceased in 2021. Josh Green/Urbanize Atlanta

Construction this month on Stein Steel’s next building along Kirkwood Avenue. Josh Green/Urbanize Atlanta

Overall, Stein Steel is aiming to better weave itself into the historic neighborhood with buildings standing between two and four stories, project officials have said. Its dozens of condos, townhomes, and cottages will mostly be arranged around new streets.  

Swing up to the gallery for more context and a closer look.

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Reynoldstown news, discussion (Urbanize Atlanta) 

Tags

933 Kirkwood Avenue SE
Empire Stein Steel
Stein Steel
Square Feet Studio
Empire Communities
Atlanta BeltLine
Eastside Trail
Beltline
Lang-Carson Park
Smith Dalia Architects
Troy King
Lord Aeck Sargent
Local Architects
KTGY
Lessard
Kimley-Horn & Associates
Merritt Lancaster
Bridger Properties
Breaker Breaker
Atlanta Restaurants
Atlanta Development
Atlanta Construction
Atlanta Condos
Atlanta Condos for Sale
Upper Lang-Carson Park

Images

Current site plan for Stein Steel, with the residential row in question (in red) just east of the Atlanta Beltline (top). Empire Communities/Stein Steel

Construction this month on Stein Steel’s next building along Kirkwood Avenue. Josh Green/Urbanize Atlanta

The 12-unit building in question following Jan. 10’s snowstorm. Josh Green/Urbanize Atlanta

Josh Green/Urbanize Atlanta

How the next Stein Steel flank relates to existing townhomes and condos at the 6.5-acre site. Josh Green/Urbanize Atlanta

Looking southwest to the new Stein Steel construction from Flat Shoals Avenue. Josh Green/Urbanize Atlanta

The former condition of the Reynoldstown street in question, four years ago. Josh Green/Urbanize Atlanta

The Stein Steel site in question as plant operations ceased in 2021. Josh Green/Urbanize Atlanta

Subtitle
Next phase of Stein Steel goes vertical steps from Eastside Trail

Neighborhood
Reynoldstown

Background Image

Image

Associated Project

Stein Steel – 933 Kirkwood

Before/After Images

Sponsored Post
Off

Middleburg Communities hires development partner to spearhead Atlanta expansion

A developer of multifamily properties across the Southeast has made a key Atlanta-area hire.

​  A developer of multifamily properties across the Southeast has made a key Atlanta-area hire. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)

A developer of multifamily properties across the Southeast has made a key Atlanta-area hire.

Middleburg Communities hires development partner to spearhead Atlanta expansion

A developer of multifamily properties across the Southeast has made a key Atlanta-area hire.

​  A developer of multifamily properties across the Southeast has made a key Atlanta-area hire. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

A developer of multifamily properties across the Southeast has made a key Atlanta-area hire.

Councilmember: Still-vacant Grant Park facility not city’s fault

Councilmember: Still-vacant Grant Park facility not city’s fault

Josh Green

Thu, 01/16/2025 – 15:55

Councilmember: Still-vacant Grant Park facility not city’s fault

Josh Green

Thu, 01/16/2025 – 15:55

More than four years after it was completed, a high-profile, city-owned, and architecturally unique building next to one of Atlanta’s primary tourist attractions remains curiously vacant, much to the chagrin of neighbors. But city officials want to clear the air that the situation isn’t their fault.

Savi Provisions was approved by the Atlanta City Council to set up shop in the Grant Park Gateway building in October, but the local gourmet market and grocery chain still hasn’t signed its lease, which means the process of building out the voluminous space next to Zoo Atlanta can’t begin. City leaders are in the dark as to why Savi—a growing company with two dozen locations and counting—isn’t moving forward in Grant Park.

Numerous attempts this month to reach Savi’s ownership via email and phone have not been successful. The company’s website makes no mention of a forthcoming Grant Park location.

City councilmember Jason Winston, whose District 1 covers Grant Park, helped put together the Gateway tenant selection process. But a procurement “blackout period” that prohibits elected city officials from communicating with bidders for public contracts, such as Savi, until leases are signed has limited Winston’s ability help move the project forward, he said.

“They’ve had a lease for several months they haven’t signed. The onus is not on the city,” Winston told Urbanize Atlanta on Wednesday. “We’re all kind of like, what the hell is happening right now? As much as I can communicate with [Savi leadership], I’m trying to figure out what’s happening, and I’m not getting any responses.”

The city’s Departments of Procurement and Parks and Recreation selected Savi to fill the entire, 7,000-square-foot Gateway retail space in June. The distinctive building overlooks a new 2.5-acre park atop a parking garage, crowning a space city leaders have described as “iconic.”

The distinctive Grant Park Gateway building in 2021. Josh Green/Urbanize Atlanta

According to its agreement with the city, Savi’s buildout of the space would take about six months from the point the project was OK’d by the city council. Winston said other city departments are growing frustrated but feel Savi’s commitment to the lease could be imminent.

Meanwhile, Invest Atlanta recently approved more than $8 million to help Savi open two other locations in what city leaders have classified as food deserts: the former Walgreen’s space near Woodruff Park downtown and another in Cascade.

Winston, who also sits on Invest Atlanta’s board, said he questioned Savi founder Paul Nair at a recent meeting about progress in Grant Park and was told the Gateway lease should be signed soon.

“I’m frustrated because I cosigned all of this,” Winston said. “I live [nearby], and every time I walk out the door, somebody’s asking me what’s happening. I want it to happen just as bad as anybody else. I don’t know what their issue is. I’m trying as best I can to find that out.”

For the Gateway space, it’s been a long road to get to the current stalemate.

City officials took ownership of the Gateway space from the Atlanta and Fulton County Recreation Authority two years ago, which project leaders called a key first step in getting it leased and occupied. The city’s first Request for Proposals issued in February 2023, however, didn’t attract a single bid from prospective tenants. Department of Procurement officials blamed that on rising construction costs spurred by inflation and increased interest rates.

The second stab at an RFP, issued in February, was a more detailed pitch to businesses that could fill such a large space, complete with property tours and drone footage. It called for a single enterprise to create a Gateway concept that would “increase the property value of the neighborhood [and] improve the area’s livability.”

City officials picked Savi’s concept from three finalists a few months later. Winston clarified this week that no public funds or other incentives were used to entice Savi or its competitors to lease the Gateway space.

Outside of media attention that Winston hopes could light a fire under Savi leadership, the only recourse for the city would be “the nuclear option”—to pull the Gateway lease and begin the process of putting the project back out to bid.

“But I don’t want to do that,” Winston noted, “because that will reset the clock.”

That process might be lengthy, but if concepts that emerged during the RFP process remain viable, the city won’t be without a plan B.

Aerial of the Gateway illustrating its proximity to the zoo’s elephant habitat and downtown. City of Atlanta Parks and Recreation Department; via Epsten Group

Another finalist for the retail space was called “Gateway Park and Market.” It was put together by a team that included Terminus Commercial Real Estate Partners, an Atlanta-based CRE firm, alongside Kraig Torres, owner of alcohol purveyor Hopcity, and Mike Walbert, a longtime Atlanta event curator. That concept called for a micro food hall “foodie destination” and “cultural experience” that would have leaned heavily into public programming and capitalized on proximity to Zoo Atlanta.

The third finalist was Rease Group Holdings Inc., an Atlanta-based company led by CEO Andy Rease and founded in 2010. Few details about that idea were publicly divulged.

The $48-million Gateway project replaced a parking lot with the park-topped garage, officially opening in January 2021. The following year, it earned the Atlanta Urban Design Commission’s Award of Excellence for sustainable design, but the accolades—for frustrated neighbors, at least—hardly matter when a key component of the space remains unused.

Founded in 2009, Savi counts locations in North Carolina and 16 stores across metro Atlanta, spanning from the airport to Howell Mill Road, Decatur, and Brookhaven to the Crabapple district in Milton. It’s known for its wine selection and organic foods.

The nearest Savi outpost to Grant Park remains the original one in Inman Park, roughly two and ½ miles away.

The addition of Savi to Grant Park, according to a June announcement from Atlanta Mayor Andre Dickens’ office, was expected to “boost the area’s diversity of food options and convenience, acting as a central gathering place for both residents and visitors.”

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Grant Park news, discussion (Urbanize Atlanta) 

Tags

759 Boulevard SE
537 Park Avenue SE
Zoo Atlanta
Atlanta Parks
Grant Park
Grant Park Gateway
Parks and Recreation
HGOR
Smith Dalia Architects
Epsten Group
Winter Johnson Group
Boulevard
Jason Winston
Savi Provision
Terminus Commercial Real Estate Partners
The Rease Group Holdings
Mike Walbert
Kraig Torres
Hopcity
Gateway Park & Market

Images

The 2.5-acre park space in relation to the restaurant structure. Josh Green/Urbanize Atlanta

Screenshot from drone footage distributed by the City of Atlanta to promote the Grant Park Gateway space. City of Atlanta

The patio area has become a popular destination for roller skaters. Josh Green/Urbanize Atlanta

The spacious interior of the Gateway building, as seen in early 2021, looks largely the same today. Josh Green/Urbanize Atlanta

The distinctive Grant Park Gateway building in 2021. Josh Green/Urbanize Atlanta

Where the south facade of the restaurant building meets stacked parking. Josh Green/Urbanize Atlanta

The underside of the patio’s roof comes to life with lighting at night. Josh Green/Urbanize Atlanta

Screenshot from drone footage distributed by the City of Atlanta to promote the Grant Park Greenway space. City of Atlanta

Aerial of the Gateway illustrating its proximity to the zoo’s elephant habitat and downtown. City of Atlanta Parks and Recreation Department; via Epsten Group

Subtitle
Years-long saga to fill Grant Park Gateway project drags on…

Neighborhood
Grant Park

Background Image

Image

Before/After Images

Sponsored Post
Off  Read More 

Councilmember: Still-vacant Grant Park facility not city’s fault

Josh Green

Thu, 01/16/2025 – 15:55

More than four years after it was completed, a high-profile, city-owned, and architecturally unique building next to one of Atlanta’s primary tourist attractions remains curiously vacant, much to the chagrin of neighbors. But city officials want to clear the air that the situation isn’t their fault.

Savi Provisions was approved by the Atlanta City Council to set up shop in the Grant Park Gateway building in October, but the local gourmet market and grocery chain still hasn’t signed its lease, which means the process of building out the voluminous space next to Zoo Atlanta can’t begin. City leaders are in the dark as to why Savi—a growing company with two dozen locations and counting—isn’t moving forward in Grant Park.

Numerous attempts this month to reach Savi’s ownership via email and phone have not been successful. The company’s website makes no mention of a forthcoming Grant Park location.

City councilmember Jason Winston, whose District 1 covers Grant Park, helped put together the Gateway tenant selection process. But a procurement “blackout period” that prohibits elected city officials from communicating with bidders for public contracts, such as Savi, until leases are signed has limited Winston’s ability help move the project forward, he said.

“They’ve had a lease for several months they haven’t signed. The onus is not on the city,” Winston told Urbanize Atlanta on Wednesday. “We’re all kind of like, what the hell is happening right now? As much as I can communicate with [Savi leadership], I’m trying to figure out what’s happening, and I’m not getting any responses.”

The city’s Departments of Procurement and Parks and Recreation selected Savi to fill the entire, 7,000-square-foot Gateway retail space in June. The distinctive building overlooks a new 2.5-acre park atop a parking garage, crowning a space city leaders have described as “iconic.”

The distinctive Grant Park Gateway building in 2021. Josh Green/Urbanize Atlanta

According to its agreement with the city, Savi’s buildout of the space would take about six months from the point the project was OK’d by the city council. Winston said other city departments are growing frustrated but feel Savi’s commitment to the lease could be imminent.

Meanwhile, Invest Atlanta recently approved more than $8 million to help Savi open two other locations in what city leaders have classified as food deserts: the former Walgreen’s space near Woodruff Park downtown and another in Cascade.

Winston, who also sits on Invest Atlanta’s board, said he questioned Savi founder Paul Nair at a recent meeting about progress in Grant Park and was told the Gateway lease should be signed soon.

“I’m frustrated because I cosigned all of this,” Winston said. “I live [nearby], and every time I walk out the door, somebody’s asking me what’s happening. I want it to happen just as bad as anybody else. I don’t know what their issue is. I’m trying as best I can to find that out.”

For the Gateway space, it’s been a long road to get to the current stalemate.

City officials took ownership of the Gateway space from the Atlanta and Fulton County Recreation Authority two years ago, which project leaders called a key first step in getting it leased and occupied. The city’s first Request for Proposals issued in February 2023, however, didn’t attract a single bid from prospective tenants. Department of Procurement officials blamed that on rising construction costs spurred by inflation and increased interest rates.

The second stab at an RFP, issued in February, was a more detailed pitch to businesses that could fill such a large space, complete with property tours and drone footage. It called for a single enterprise to create a Gateway concept that would “increase the property value of the neighborhood [and] improve the area’s livability.”

City officials picked Savi’s concept from three finalists a few months later. Winston clarified this week that no public funds or other incentives were used to entice Savi or its competitors to lease the Gateway space.

Outside of media attention that Winston hopes could light a fire under Savi leadership, the only recourse for the city would be “the nuclear option”—to pull the Gateway lease and begin the process of putting the project back out to bid.

“But I don’t want to do that,” Winston noted, “because that will reset the clock.”

That process might be lengthy, but if concepts that emerged during the RFP process remain viable, the city won’t be without a plan B.

Aerial of the Gateway illustrating its proximity to the zoo’s elephant habitat and downtown. City of Atlanta Parks and Recreation Department; via Epsten Group

Another finalist for the retail space was called “Gateway Park and Market.” It was put together by a team that included Terminus Commercial Real Estate Partners, an Atlanta-based CRE firm, alongside Kraig Torres, owner of alcohol purveyor Hopcity, and Mike Walbert, a longtime Atlanta event curator. That concept called for a micro food hall “foodie destination” and “cultural experience” that would have leaned heavily into public programming and capitalized on proximity to Zoo Atlanta.

The third finalist was Rease Group Holdings Inc., an Atlanta-based company led by CEO Andy Rease and founded in 2010. Few details about that idea were publicly divulged.

The $48-million Gateway project replaced a parking lot with the park-topped garage, officially opening in January 2021. The following year, it earned the Atlanta Urban Design Commission’s Award of Excellence for sustainable design, but the accolades—for frustrated neighbors, at least—hardly matter when a key component of the space remains unused.

Founded in 2009, Savi counts locations in North Carolina and 16 stores across metro Atlanta, spanning from the airport to Howell Mill Road, Decatur, and Brookhaven to the Crabapple district in Milton. It’s known for its wine selection and organic foods.

The nearest Savi outpost to Grant Park remains the original one in Inman Park, roughly two and ½ miles away.

The addition of Savi to Grant Park, according to a June announcement from Atlanta Mayor Andre Dickens’ office, was expected to “boost the area’s diversity of food options and convenience, acting as a central gathering place for both residents and visitors.”

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Grant Park news, discussion (Urbanize Atlanta) 

Tags

759 Boulevard SE
537 Park Avenue SE
Zoo Atlanta
Atlanta Parks
Grant Park
Grant Park Gateway
Parks and Recreation
HGOR
Smith Dalia Architects
Epsten Group
Winter Johnson Group
Boulevard
Jason Winston
Savi Provision
Terminus Commercial Real Estate Partners
The Rease Group Holdings
Mike Walbert
Kraig Torres
Hopcity
Gateway Park & Market

Images

The 2.5-acre park space in relation to the restaurant structure. Josh Green/Urbanize Atlanta

Screenshot from drone footage distributed by the City of Atlanta to promote the Grant Park Gateway space. City of Atlanta

The patio area has become a popular destination for roller skaters. Josh Green/Urbanize Atlanta

The spacious interior of the Gateway building, as seen in early 2021, looks largely the same today. Josh Green/Urbanize Atlanta

The distinctive Grant Park Gateway building in 2021. Josh Green/Urbanize Atlanta

Where the south facade of the restaurant building meets stacked parking. Josh Green/Urbanize Atlanta

The underside of the patio’s roof comes to life with lighting at night. Josh Green/Urbanize Atlanta

Screenshot from drone footage distributed by the City of Atlanta to promote the Grant Park Greenway space. City of Atlanta

Aerial of the Gateway illustrating its proximity to the zoo’s elephant habitat and downtown. City of Atlanta Parks and Recreation Department; via Epsten Group

Subtitle
Years-long saga to fill Grant Park Gateway project drags on…

Neighborhood
Grant Park

Background Image

Image

Before/After Images

Sponsored Post
Off

The National Observer: Real Estate: High-risk climate areas projected to see home values sink

The wildfires in L.A. are a stark reminder that homes in high-risk climate areas are likely to face major costs in the future.

​  The wildfires in L.A. are a stark reminder that homes in high-risk climate areas are likely to face major costs in the future. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)

The wildfires in L.A. are a stark reminder that homes in high-risk climate areas are likely to face major costs in the future.

The National Observer: Real Estate: High-risk climate areas projected to see home values sink

The wildfires in L.A. are a stark reminder that homes in high-risk climate areas are likely to face major costs in the future.

​  The wildfires in L.A. are a stark reminder that homes in high-risk climate areas are likely to face major costs in the future. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

The wildfires in L.A. are a stark reminder that homes in high-risk climate areas are likely to face major costs in the future.

80-home project in pipeline near Decatur, Avondale Estates

80-home project in pipeline near Decatur, Avondale Estates

Josh Green

Thu, 01/16/2025 – 13:55

80-home project in pipeline near Decatur, Avondale Estates

Josh Green

Thu, 01/16/2025 – 13:55

Promising a “mix of urban convenience and Southern suburban charm,” a relatively dense new housing community is slated to come to market soon with a Decatur address—but without the city’s million-dollar prices.

Veteran suburban homebuilder David Weekley Homes has returned to a site Inside The Perimeter for the first time in years for an 80-unit project called Celesta.

Located in the unincorporated (and some would say underrated) DeKalb County community of Scottdale, the Celesta project will echo zero-lot line, high-density homes the builder has put together (and sold out) in other metro Atlanta markets.

Project reps tell Urbanize Atlanta the first Celesta homes will be available sometime this spring, with prices in the $500,000s. The three-story floorplans are dense enough to resemble townhomes from afar, but none are attached.

Examples of two finished David Weekley Homes communities—Belmont in Smyrna, at left, and Hargrove in Decatur—that resemble what Celesta will be. Courtesy of David Weekley Homes

The 80-home site in relation to downtown Decatur, Avondale Estates, Interstate 285, and other landmarks. Google Maps

Plans for the 731 Valley Brook Road site also call for extensive greenspace, walking trails, and a dog park tucked around the community. Several modest single-family homes were cleared from the acreage as infrastructure including streets was put in several years ago.

The site is tucked off East Ponce de Leon Avenue, about a mile and ½ due north of Your DeKalb Farmers Market. Downtown Decatur’s shops and eats are three miles away by car, while Avondale Estates’ commercial village is two miles south.

We’ve asked for information on the range of sizes for Celesta homes and will update this story should those details come.

Owning at Celesta will require HOA dues, but those will cover lawn care, according to project leaders. (The project’s website lists those fees as $1,000 annually, following a $2,800 initiation fee.) 

The initial site plan for the 80-unit Celesta community in Decatur. (Homesite placement is correct here, but homebuilders are working to increase onsite park space, per project reps.)Courtesy of David Weekley Homes

The community will be districted to Druid Hills High School, which developers call a selling point. Beyond nearby commercial hubs, other perks of the location include proximity to major employers such as Emory University and the Centers for Disease Control and Prevention, plus Interstate 285 and Ga. Highway 78, per project heads.

“It’s been several years since we’ve opened a community inside the perimeter, and we have high expectations that [Celesta] will be well-received,” Adam Cornett, David Weekley Homes’ Atlanta division president, said in a statement. “Stylish homes will line stunning streetscapes—proving the perfect fit for that signature Decatur aesthetic.”

The cleared site along Valley Brook Road in Scottdale last summer. Google Maps

…

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Tags

731 Valley Brook Road
Scottdale
Celesta
Your DeKalb Farmers Market
David Weekley Homes
Druid Hills High School
Atlanta homes
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Atlanta Development
Atlanta Construction
new housing construction
New Atlanta Homes
Belmont in Smyrna
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Images

The 80-home site in relation to downtown Decatur, Avondale Estates, Interstate 285, and other landmarks. Google Maps

The cleared site along Valley Brook Road in Scottdale last summer. Google Maps

The initial site plan for the 80-unit Celesta community in Decatur. (Homesite placement is correct here, but homebuilders are working to increase onsite park space, per project reps.)Courtesy of David Weekley Homes

Examples of two finished David Weekley Homes communities—Belmont in Smyrna, at left, and Hargrove in Decatur—that resemble what Celesta will be. Courtesy of David Weekley Homes

Subtitle
Celesta community slated to start opening soon, with prices in $500Ks

Neighborhood
Decatur

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80-home project in pipeline near Decatur, Avondale Estates

Josh Green

Thu, 01/16/2025 – 13:55

Promising a “mix of urban convenience and Southern suburban charm,” a relatively dense new housing community is slated to come to market soon with a Decatur address—but without the city’s million-dollar prices.

Veteran suburban homebuilder David Weekley Homes has returned to a site Inside The Perimeter for the first time in years for an 80-unit project called Celesta.

Located in the unincorporated (and some would say underrated) DeKalb County community of Scottdale, the Celesta project will echo zero-lot line, high-density homes the builder has put together (and sold out) in other metro Atlanta markets.

Project reps tell Urbanize Atlanta the first Celesta homes will be available sometime this spring, with prices in the $500,000s. The three-story floorplans are dense enough to resemble townhomes from afar, but none are attached.

Examples of two finished David Weekley Homes communities—Belmont in Smyrna, at left, and Hargrove in Decatur—that resemble what Celesta will be. Courtesy of David Weekley Homes

The 80-home site in relation to downtown Decatur, Avondale Estates, Interstate 285, and other landmarks. Google Maps

Plans for the 731 Valley Brook Road site also call for extensive greenspace, walking trails, and a dog park tucked around the community. Several modest single-family homes were cleared from the acreage as infrastructure including streets was put in several years ago.

The site is tucked off East Ponce de Leon Avenue, about a mile and ½ due north of Your DeKalb Farmers Market. Downtown Decatur’s shops and eats are three miles away by car, while Avondale Estates’ commercial village is two miles south.

We’ve asked for information on the range of sizes for Celesta homes and will update this story should those details come.

Owning at Celesta will require HOA dues, but those will cover lawn care, according to project leaders. (The project’s website lists those fees as $1,000 annually, following a $2,800 initiation fee.) 

The initial site plan for the 80-unit Celesta community in Decatur. (Homesite placement is correct here, but homebuilders are working to increase onsite park space, per project reps.)Courtesy of David Weekley Homes

The community will be districted to Druid Hills High School, which developers call a selling point. Beyond nearby commercial hubs, other perks of the location include proximity to major employers such as Emory University and the Centers for Disease Control and Prevention, plus Interstate 285 and Ga. Highway 78, per project heads.

“It’s been several years since we’ve opened a community inside the perimeter, and we have high expectations that [Celesta] will be well-received,” Adam Cornett, David Weekley Homes’ Atlanta division president, said in a statement. “Stylish homes will line stunning streetscapes—proving the perfect fit for that signature Decatur aesthetic.”

The cleared site along Valley Brook Road in Scottdale last summer. Google Maps

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Decatur news, discussion (Urbanize Atlanta)

Tags

731 Valley Brook Road
Scottdale
Celesta
Your DeKalb Farmers Market
David Weekley Homes
Druid Hills High School
Atlanta homes
Atlanta Homes for Sale
Atlanta Development
Atlanta Construction
new housing construction
New Atlanta Homes
Belmont in Smyrna
Hargrove in Decatur

Images

The 80-home site in relation to downtown Decatur, Avondale Estates, Interstate 285, and other landmarks. Google Maps

The cleared site along Valley Brook Road in Scottdale last summer. Google Maps

The initial site plan for the 80-unit Celesta community in Decatur. (Homesite placement is correct here, but homebuilders are working to increase onsite park space, per project reps.)Courtesy of David Weekley Homes

Examples of two finished David Weekley Homes communities—Belmont in Smyrna, at left, and Hargrove in Decatur—that resemble what Celesta will be. Courtesy of David Weekley Homes

Subtitle
Celesta community slated to start opening soon, with prices in $500Ks

Neighborhood
Decatur

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Before/After Images

Sponsored Post
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Massive Fort McPherson redevelopment shows signs of life

Massive Fort McPherson redevelopment shows signs of life

Josh Green

Thu, 01/16/2025 – 08:27

Massive Fort McPherson redevelopment shows signs of life

Josh Green

Thu, 01/16/2025 – 08:27

Filings recently made with the State of Georgia bring the long-planned redevelopment of a former U.S. Army base in Southwest Atlanta into clearer focus—and set a firm date as to when a new village of various uses could open.

Plans for the sweeping remake of a section of Fort McPherson next to Tyler Perry Studios have been percolating for more than a decade. The scale and design have been tweaked, and groundbreakings tentatively set, but no significant redevelopment work has moved forward.

Paperwork filed Tuesday with the Georgia Department of Community Affairs indicates that could be starting to change.

The Development of Regional Impact application proposes turning the final 96 acres of developable land at the Fort McPherson base, or Fort Mac, into a multi-phase project that leans heavily into commercial and office space, at least at the outset.  

The Fort Mac Local Redevelopment Authority in late 2023 unanimously approved the lease of that land to a firm led by Bishop T.D. Jakes, the founder and pastor of The Potter’s House Church in Dallas who also produces movies.

This week’s DRI filing calls the project “TD Jakes—Fort Mac Village One.”

An updated look at a Fort Mac retail facet for what’s called the entertainment section. Perkins Eastman

Perkins Eastman

The initial phase calls for 105,000 square feet of commercial space, 84,300 square feet of offices,  and about 85,000 square feet for senior living. Another 36,000 square feet would be devoted to food service, per the DRI filing.

The estimated completion date for the first phase is listed as 2028.

Jakes’ team is requesting the project be evaluated at the regional level, given its scope. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and help gather local input. 

The project’s developer is listed as a Dallas-based LLC called Fort Mac Village One.

All told, the Fort Mac redevelopment would see four different zones: Market District, Heritage District, Campbellton District, and Western District. It also calls for the restoration of existing historic buildings, with additional uses including hotel and school spaces, and both multifamily and single-family homes.

The section of Fort Mac in question is near the northeast corner of the old Army base, located off Lee Street about five miles south of downtown. The Army post closed back in 2011.

One component of the Fort Mac redevelopment’s planned office section. Perkins Eastman

Perkins Eastman

Jakes has been involved with Fort Mac’s redevelopment since 2021. He’s previously said workforce and affordable housing—designed to meet a nation need—will be a primary focus on land not controlled by Tyler Perry’s movie studio complex. The 67-year-old celebrity pastor suffered a health scare during a megachurch sermon in November but has since recovered.

Paperwork filed by Jakes’ firm with the city in 2023 indicates the project’s scope could eventually rival almost any mixed-use proposal in metro Atlanta. On the residential side alone, site plans call for more than 900 multifamily dwellings, 200 townhomes, 181 standalone houses, the senior living facility, and a 207-room hotel with rental units.

Renderings by New York-based architecture firm Perkins Eastman indicate larger new buildings at Fort McPherson would lean into a modern esthetic, while single-family houses would be more traditional. Updated visuals show one building functioning as a food hall with a bar inside, while another shows a central plaza dotted with food trucks.  

Where a crescent of new mixed-use construction would border historic buildings at Fort McPherson. Lee Street is depicted at bottom. T.D. Jakes Real Estate Ventures; designs, Perkins Eastman

The entire former Army post spans nearly 500 acres, and Perry controls more than 350 acres of it, having built a sprawling, 40-plus-building complex considered one of the country’s largest TV and film production facilities.

Situated just south of the Fort Mac redevelopment site, Perry’s sets range from a classic diner, farmhouse, and county jail to a realistic White House replica.

Find a more detailed preview of Fort Mac redevelopment plans, according to city filings and updated renderings, in the gallery above. 

…

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Tags

1601 Lee Street SW
Fort McPherson redevelopment
Eberly & Associates
Surface 678
Perkins Eastman
East Point
Venetian Hills
Tyler Perry Studios
Southside
Capitol View
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Georgia Department of Community Affairs
DRI
Development of Regional Impact

Images

The section of Fort McPherson targeted for redevelopment. The former Army base spans nearly 500 acres overall, with Tyler Perry Studios situated to the south. Google Maps

Where a crescent of new mixed-use construction would border historic buildings at Fort McPherson. Lee Street is depicted at bottom. T.D. Jakes Real Estate Ventures; designs, Perkins Eastman

Overview of the 96-acre masterplan at 1601 Lee Street. T.D. Jakes Real Estate Ventures; designs, Perkins Eastman

Perkins Eastman

An updated look at a Fort Mac retail facet for what’s called the entertainment section. Perkins Eastman

Perkins Eastman

Perkins Eastman

One component of the Fort Mac redevelopment’s planned office section. Perkins Eastman

Perkins Eastman

Subtitle
Mixed-use village planned next to Tyler Perry Studios, per filings with State of Georgia

Neighborhood
Sylvan Hills

Background Image

Image

Before/After Images

Sponsored Post
Off  Read More 

Massive Fort McPherson redevelopment shows signs of life

Josh Green

Thu, 01/16/2025 – 08:27

Filings recently made with the State of Georgia bring the long-planned redevelopment of a former U.S. Army base in Southwest Atlanta into clearer focus—and set a firm date as to when a new village of various uses could open.

Plans for the sweeping remake of a section of Fort McPherson next to Tyler Perry Studios have been percolating for more than a decade. The scale and design have been tweaked, and groundbreakings tentatively set, but no significant redevelopment work has moved forward.

Paperwork filed Tuesday with the Georgia Department of Community Affairs indicates that could be starting to change.

The Development of Regional Impact application proposes turning the final 96 acres of developable land at the Fort McPherson base, or Fort Mac, into a multi-phase project that leans heavily into commercial and office space, at least at the outset.  

The Fort Mac Local Redevelopment Authority in late 2023 unanimously approved the lease of that land to a firm led by Bishop T.D. Jakes, the founder and pastor of The Potter’s House Church in Dallas who also produces movies.

This week’s DRI filing calls the project “TD Jakes—Fort Mac Village One.”

An updated look at a Fort Mac retail facet for what’s called the entertainment section. Perkins Eastman

Perkins Eastman

The initial phase calls for 105,000 square feet of commercial space, 84,300 square feet of offices,  and about 85,000 square feet for senior living. Another 36,000 square feet would be devoted to food service, per the DRI filing.

The estimated completion date for the first phase is listed as 2028.

Jakes’ team is requesting the project be evaluated at the regional level, given its scope. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and help gather local input. 

The project’s developer is listed as a Dallas-based LLC called Fort Mac Village One.

All told, the Fort Mac redevelopment would see four different zones: Market District, Heritage District, Campbellton District, and Western District. It also calls for the restoration of existing historic buildings, with additional uses including hotel and school spaces, and both multifamily and single-family homes.

The section of Fort Mac in question is near the northeast corner of the old Army base, located off Lee Street about five miles south of downtown. The Army post closed back in 2011.

One component of the Fort Mac redevelopment’s planned office section. Perkins Eastman

Perkins Eastman

Jakes has been involved with Fort Mac’s redevelopment since 2021. He’s previously said workforce and affordable housing—designed to meet a nation need—will be a primary focus on land not controlled by Tyler Perry’s movie studio complex. The 67-year-old celebrity pastor suffered a health scare during a megachurch sermon in November but has since recovered.

Paperwork filed by Jakes’ firm with the city in 2023 indicates the project’s scope could eventually rival almost any mixed-use proposal in metro Atlanta. On the residential side alone, site plans call for more than 900 multifamily dwellings, 200 townhomes, 181 standalone houses, the senior living facility, and a 207-room hotel with rental units.

Renderings by New York-based architecture firm Perkins Eastman indicate larger new buildings at Fort McPherson would lean into a modern esthetic, while single-family houses would be more traditional. Updated visuals show one building functioning as a food hall with a bar inside, while another shows a central plaza dotted with food trucks.  

Where a crescent of new mixed-use construction would border historic buildings at Fort McPherson. Lee Street is depicted at bottom. T.D. Jakes Real Estate Ventures; designs, Perkins Eastman

The entire former Army post spans nearly 500 acres, and Perry controls more than 350 acres of it, having built a sprawling, 40-plus-building complex considered one of the country’s largest TV and film production facilities.

Situated just south of the Fort Mac redevelopment site, Perry’s sets range from a classic diner, farmhouse, and county jail to a realistic White House replica.

Find a more detailed preview of Fort Mac redevelopment plans, according to city filings and updated renderings, in the gallery above. 

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Sylvan Hills news, discussion (Urbanize Atlanta)

Tags

1601 Lee Street SW
Fort McPherson redevelopment
Eberly & Associates
Surface 678
Perkins Eastman
East Point
Venetian Hills
Tyler Perry Studios
Southside
Capitol View
Sylvan Hills
Fort McPherson
Tyler Perry
Fort Mac
Shape
Perkins & Will
Perkins&Will
Studio H Architecture Planning Environments
Entertainment District
Madea
Adaptive-Reuse
Affordable Housing
Fort Mac Local Redevelopment Authority
Georgia Department of Community Affairs
DRI
Development of Regional Impact

Images

The section of Fort McPherson targeted for redevelopment. The former Army base spans nearly 500 acres overall, with Tyler Perry Studios situated to the south. Google Maps

Where a crescent of new mixed-use construction would border historic buildings at Fort McPherson. Lee Street is depicted at bottom. T.D. Jakes Real Estate Ventures; designs, Perkins Eastman

Overview of the 96-acre masterplan at 1601 Lee Street. T.D. Jakes Real Estate Ventures; designs, Perkins Eastman

Perkins Eastman

An updated look at a Fort Mac retail facet for what’s called the entertainment section. Perkins Eastman

Perkins Eastman

Perkins Eastman

One component of the Fort Mac redevelopment’s planned office section. Perkins Eastman

Perkins Eastman

Subtitle
Mixed-use village planned next to Tyler Perry Studios, per filings with State of Georgia

Neighborhood
Sylvan Hills

Background Image

Image

Before/After Images

Sponsored Post
Off