Crescent, GTIS Teaming Up on Charlotte Warehouses
Crescent, GTIS Teaming Up on Charlotte Warehouses
Crescent Communities and GTIS Partners are working together on an industrial project planned in Huntersville. The local planning board is recommending approval of a rezoning request that would allow the duo to build 450,000 square feet of industrial space at 12705 Commerce Station Drive, which is called Axial Commerce Station. The buildings are slated to be 316,250 square feet and 136,5000 square feet. Crescent is hoping to start by the end of this year. The buildings will be delivered in late 2026.
The Charlotte Business Journal reports the developer said the total investment in the project would exceed $50 million. Crescent estimates that once the buildings are completed, the project will create over 250 jobs.
New York-based real estate investment firm GTIS also has several projects in the Charlotte area. The firm announced plans for a $27 million industrial project in Gaston County.
The post Crescent, GTIS Teaming Up on Charlotte Warehouses appeared first on Connect CRE.
Crescent Communities and GTIS Partners are working together on an industrial project planned in Huntersville. The local planning board is recommending approval of a rezoning request that would allow the duo to build 450,000 square feet of industrial space at 12705 Commerce Station Drive, which is called Axial Commerce Station. The buildings are slated to …
The post Crescent, GTIS Teaming Up on Charlotte Warehouses appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Crescent Communities and GTIS Partners are working together on an industrial project planned in Huntersville. The local planning board is recommending approval of a rezoning request that would allow the duo to build 450,000 square feet of industrial space at 12705 Commerce Station Drive, which is called Axial Commerce Station. The buildings are slated to …
The post Crescent, GTIS Teaming Up on Charlotte Warehouses appeared first on Connect CRE.
Study: Atlanta emerges as national leader for build-to-rent houses
Study: Atlanta emerges as national leader for build-to-rent houses
Study: Atlanta emerges as national leader for build-to-rent houses
Josh Green
Fri, 02/28/2025 – 08:09
When the Sugarloaf Landing project opened south of downtown Lawrenceville in January, its builders celebrated the fact that a dozen leases had been signed in a single month.
For $2,400 per month (and up), the community offers 114 townhomes, all of them three-stories tall and less than 2,000 square feet. None of them are for sale. But like so many other new build-to-rent home ventures dotted across the metro, Sugarloaf Landing offers options for quick move-ins, fewer long-term commitments, and more room for renters to breathe than standard apartments.
The project is indicative of a BTR trend that’s as hot in Atlanta as almost any other city in the country.
That’s according to analysts with Point2Homes.com, a nationwide real estate listing portal for rental homes, who’ve been tracking the country’s BTR “boom” as housing prices and interest rates have ballooned.
According to the study, metro Atlanta ranks third in the country for the number of BTR houses and townhomes in the pipeline, trailing only metro Phoenix and Dallas, respectively.
The Atlanta-Sandy Springs-Roswell area currently counts more than 6,800 BTR units that are permitted or under construction across 43 different communities.
That’s more units than most full states, including California, per Point2Homes’ findings.
Georgia, meanwhile, has emerged as a BTR leader on a statewide basis, with the fifth most units in the pipeline (9,872) in the U.S., a ranking led by Texas (21,812). When those homes deliver, the Peach State’s BTR housing stock will increase by nearly 87 percent, per the analysis.
Metro Savannah ranks second in Georgia with 1,374 new rentals in development, with smaller metros such as Cartersville and LaGrange—where a BTR increase of 384 percent is projected—also charting high.
Point2Homes, which uses Yardi Systems data, considered only forthcoming BTR communities with at least 50 standalone houses or townhomes.
As with other metros, the BTR model has drawn criticism around Atlanta for claiming available land that could have gone to for-sale housing, where first-time homebuyers in particular could start to build wealth via equity. Advocates say it allows occupants flexibility that mortgages don’t.
The new Sugarloaf Landing in Lawrenceville features 114 townhomes, all of them for rent. Courtesy of Parkland Residential
As Point2Homes analysts note, BTR can offer relatively attainable options as urban areas become more crowded and expensive, pushing homeownership further from reach. Nationwide, the 110,000 single-family rentals under construction now are set to beef up BTR supply by nearly 54 percent, per the report.
Meanwhile, according to a separate report last month, metro Atlanta home prices have surged by nearly 60 percent since the COVID-19 pandemic started.
That means the median home sale five years ago around Atlanta was roughly $255,000, while today it’s $405,000, according to Georgia MLS’ tally for 2024.
…
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The new Sugarloaf Landing in Lawrenceville features 114 townhomes, all of them for rent. Courtesy of Parkland Residential
Study: Atlanta emerges as national leader for build-to-rent houses
Josh Green
Fri, 02/28/2025 – 08:09
When the Sugarloaf Landing project opened south of downtown Lawrenceville in January, its builders celebrated the fact that a dozen leases had been signed in a single month. For $2,400 per month (and up), the community offers 114 townhomes, all of them three-stories tall and less than 2,000 square feet. None of them are for sale. But like so many other new build-to-rent home ventures dotted across the metro, Sugarloaf Landing offers options for quick move-ins, fewer long-term commitments, and more room for renters to breathe than standard apartments. The project is indicative of a BTR trend that’s as hot in Atlanta as almost any other city in the country. That’s according to analysts with Point2Homes.com, a nationwide real estate listing portal for rental homes, who’ve been tracking the country’s BTR “boom” as housing prices and interest rates have ballooned. According to the study, metro Atlanta ranks third in the country for the number of BTR houses and townhomes in the pipeline, trailing only metro Phoenix and Dallas, respectively.
The Atlanta-Sandy Springs-Roswell area currently counts more than 6,800 BTR units that are permitted or under construction across 43 different communities. That’s more units than most full states, including California, per Point2Homes’ findings. Georgia, meanwhile, has emerged as a BTR leader on a statewide basis, with the fifth most units in the pipeline (9,872) in the U.S., a ranking led by Texas (21,812). When those homes deliver, the Peach State’s BTR housing stock will increase by nearly 87 percent, per the analysis.
Metro Savannah ranks second in Georgia with 1,374 new rentals in development, with smaller metros such as Cartersville and LaGrange—where a BTR increase of 384 percent is projected—also charting high. Point2Homes, which uses Yardi Systems data, considered only forthcoming BTR communities with at least 50 standalone houses or townhomes. As with other metros, the BTR model has drawn criticism around Atlanta for claiming available land that could have gone to for-sale housing, where first-time homebuyers in particular could start to build wealth via equity. Advocates say it allows occupants flexibility that mortgages don’t.
The new Sugarloaf Landing in Lawrenceville features 114 townhomes, all of them for rent. Courtesy of Parkland Residential
As Point2Homes analysts note, BTR can offer relatively attainable options as urban areas become more crowded and expensive, pushing homeownership further from reach. Nationwide, the 110,000 single-family rentals under construction now are set to beef up BTR supply by nearly 54 percent, per the report. Meanwhile, according to a separate report last month, metro Atlanta home prices have surged by nearly 60 percent since the COVID-19 pandemic started. That means the median home sale five years ago around Atlanta was roughly $255,000, while today it’s $405,000, according to Georgia MLS’ tally for 2024….Follow us on social media: Twitter / Facebook/and now: Instagram • 3 neighboring projects spell fresh life for one Hapeville street (Urbanize Atlanta)
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Sugarloaf Landing
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The new Sugarloaf Landing in Lawrenceville features 114 townhomes, all of them for rent. Courtesy of Parkland Residential
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For better or worse…
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Study: Atlanta emerges as national leader for build-to-rent houses
Josh Green
Fri, 02/28/2025 – 08:09
When the Sugarloaf Landing project opened south of downtown Lawrenceville in January, its builders celebrated the fact that a dozen leases had been signed in a single month. For $2,400 per month (and up), the community offers 114 townhomes, all of them three-stories tall and less than 2,000 square feet. None of them are for sale. But like so many other new build-to-rent home ventures dotted across the metro, Sugarloaf Landing offers options for quick move-ins, fewer long-term commitments, and more room for renters to breathe than standard apartments. The project is indicative of a BTR trend that’s as hot in Atlanta as almost any other city in the country. That’s according to analysts with Point2Homes.com, a nationwide real estate listing portal for rental homes, who’ve been tracking the country’s BTR “boom” as housing prices and interest rates have ballooned. According to the study, metro Atlanta ranks third in the country for the number of BTR houses and townhomes in the pipeline, trailing only metro Phoenix and Dallas, respectively.
The Atlanta-Sandy Springs-Roswell area currently counts more than 6,800 BTR units that are permitted or under construction across 43 different communities. That’s more units than most full states, including California, per Point2Homes’ findings. Georgia, meanwhile, has emerged as a BTR leader on a statewide basis, with the fifth most units in the pipeline (9,872) in the U.S., a ranking led by Texas (21,812). When those homes deliver, the Peach State’s BTR housing stock will increase by nearly 87 percent, per the analysis.
Metro Savannah ranks second in Georgia with 1,374 new rentals in development, with smaller metros such as Cartersville and LaGrange—where a BTR increase of 384 percent is projected—also charting high. Point2Homes, which uses Yardi Systems data, considered only forthcoming BTR communities with at least 50 standalone houses or townhomes. As with other metros, the BTR model has drawn criticism around Atlanta for claiming available land that could have gone to for-sale housing, where first-time homebuyers in particular could start to build wealth via equity. Advocates say it allows occupants flexibility that mortgages don’t.
The new Sugarloaf Landing in Lawrenceville features 114 townhomes, all of them for rent. Courtesy of Parkland Residential
As Point2Homes analysts note, BTR can offer relatively attainable options as urban areas become more crowded and expensive, pushing homeownership further from reach. Nationwide, the 110,000 single-family rentals under construction now are set to beef up BTR supply by nearly 54 percent, per the report. Meanwhile, according to a separate report last month, metro Atlanta home prices have surged by nearly 60 percent since the COVID-19 pandemic started. That means the median home sale five years ago around Atlanta was roughly $255,000, while today it’s $405,000, according to Georgia MLS’ tally for 2024….Follow us on social media: Twitter / Facebook/and now: Instagram • 3 neighboring projects spell fresh life for one Hapeville street (Urbanize Atlanta)
Tags
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The new Sugarloaf Landing in Lawrenceville features 114 townhomes, all of them for rent. Courtesy of Parkland Residential
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Local commercial firm buys East Atlanta Village retail portfolio
Local commercial firm buys East Atlanta Village retail portfolio
Canvas Cos., an Atlanta commercial real estate firm that focuses on neighborhood redevelopments, bought property in eclectic East Atlanta Village.
Canvas Cos., an Atlanta commercial real estate firm that focuses on neighborhood redevelopments, bought property in eclectic East Atlanta Village. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Canvas Cos., an Atlanta commercial real estate firm that focuses on neighborhood redevelopments, bought property in eclectic East Atlanta Village.
Local commercial firm buys East Atlanta Village retail portfolio
Local commercial firm buys East Atlanta Village retail portfolio
Canvas Cos., an Atlanta commercial real estate firm that focuses on neighborhood redevelopments, bought property in eclectic East Atlanta Village.
Canvas Cos., an Atlanta commercial real estate firm that focuses on neighborhood redevelopments, bought property in eclectic East Atlanta Village. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Canvas Cos., an Atlanta commercial real estate firm that focuses on neighborhood redevelopments, bought property in eclectic East Atlanta Village.
Work launches on ‘major improvements’ for prized Roswell park
Work launches on ‘major improvements’ for prized Roswell park
Work launches on ‘major improvements’ for prized Roswell park
Josh Green
Thu, 02/27/2025 – 16:35
Work is officially underway on “major improvements” for a popular City of Roswell greenspace that dates back more than three decades and was due for updates, according to city leaders.
Dignitaries gathered Tuesday for a groundbreaking ceremony at East Roswell Park, a multifaceted 9000 Fouts Road greenspace located about five and ½ miles southeast of downtown Roswell’s Canton Street.
The 40-acre park, which debuted in the early 1990s amidst suburban Atlanta’s boom, counts amenities today that include a disc golf course, sprayground, rec center, Art Center, tennis courts, and multi-sport turf fields.
Planned upgrades totaling $4.8 million will see better trail connectivity and ADA access, a bigger dog park, a new playground, stormwater management, and other improvements, per city officials.
The park’s 9000 Fouts Road location (in red) in relation to the Chattahoochee River and downtown Roswell. Google Maps
Some work, including the installation of new turf fields, was completed over the past two years, as the park had grown long in the tooth.
The majority of funding for park upgrades is being sourced from a bond program Roswell voters overwhelmingly approved in November 2022, according to city officials.
Weather permitting, all aspects of construction are expected to be finished by late this summer.
Below is an overview of forthcoming park improvements, followed by a description of each facet of work, as provided by Roswell officials this week:
Courtesy of City of Roswell
- A: New dog park and parking lot: The existing dog park will be expanded from 0.5 acres to 0.9 acres and will include irrigation improvements, as well as new landscaping, sod, trees, and an additional dog-watering station. The parking lot alongside the dog park will also be expanded.
- B: Art Center east parking and driveway improvements: The driveway at Art Center East will be reconfigured to include a new turnaround and drop-off area, as well as additional parking.
- C: Stormwater management upgrades: Erosion control and stormwater management systems, including water retention and detention ponds at the new dog park, will be installed to help mitigate runoff and prevent flooding and erosion.
- D: Trail connectivity: The park’s existing walking trail will be extended from the softball field parking lot to the Art Center, providing a complete pedestrian loop around East Roswell Park.
- E: New playground: The outdated playground in the southwest corner of the park, near Pavilion #2, will be replaced with all new equipment and landscaping.
- F: ADA accessibility improvements: Both park pavilions will receive accessibility improvements to better accommodate those with mobility issues. Additional ADA parking spaces will also be added at the multi-sport turf fields.
…
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• Roswell news, discussion (Urbanize Atlanta)
The park’s 9000 Fouts Road location (in red) in relation to the Chattahoochee River and downtown Roswell. Google Maps
Courtesy of City of Roswell
Work launches on ‘major improvements’ for prized Roswell park
Josh Green
Thu, 02/27/2025 – 16:35
Work is officially underway on “major improvements” for a popular City of Roswell greenspace that dates back more than three decades and was due for updates, according to city leaders. Dignitaries gathered Tuesday for a groundbreaking ceremony at East Roswell Park, a multifaceted 9000 Fouts Road greenspace located about five and ½ miles southeast of downtown Roswell’s Canton Street. The 40-acre park, which debuted in the early 1990s amidst suburban Atlanta’s boom, counts amenities today that include a disc golf course, sprayground, rec center, Art Center, tennis courts, and multi-sport turf fields. Planned upgrades totaling $4.8 million will see better trail connectivity and ADA access, a bigger dog park, a new playground, stormwater management, and other improvements, per city officials.
The park’s 9000 Fouts Road location (in red) in relation to the Chattahoochee River and downtown Roswell. Google Maps
Some work, including the installation of new turf fields, was completed over the past two years, as the park had grown long in the tooth. The majority of funding for park upgrades is being sourced from a bond program Roswell voters overwhelmingly approved in November 2022, according to city officials. Weather permitting, all aspects of construction are expected to be finished by late this summer. Below is an overview of forthcoming park improvements, followed by a description of each facet of work, as provided by Roswell officials this week:
Courtesy of City of Roswell
A: New dog park and parking lot: The existing dog park will be expanded from 0.5 acres to 0.9 acres and will include irrigation improvements, as well as new landscaping, sod, trees, and an additional dog-watering station. The parking lot alongside the dog park will also be expanded.B: Art Center east parking and driveway improvements: The driveway at Art Center East will be reconfigured to include a new turnaround and drop-off area, as well as additional parking.C: Stormwater management upgrades: Erosion control and stormwater management systems, including water retention and detention ponds at the new dog park, will be installed to help mitigate runoff and prevent flooding and erosion.D: Trail connectivity: The park’s existing walking trail will be extended from the softball field parking lot to the Art Center, providing a complete pedestrian loop around East Roswell Park.E: New playground: The outdated playground in the southwest corner of the park, near Pavilion #2, will be replaced with all new equipment and landscaping.F: ADA accessibility improvements: Both park pavilions will receive accessibility improvements to better accommodate those with mobility issues. Additional ADA parking spaces will also be added at the multi-sport turf fields….Follow us on social media: Twitter / Facebook/and now: Instagram • Roswell news, discussion (Urbanize Atlanta)
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9000 Fouts Road
Roswell
East Roswell Park
Mayor Kurt Wilson
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OTP
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The park’s 9000 Fouts Road location (in red) in relation to the Chattahoochee River and downtown Roswell. Google Maps
Courtesy of City of Roswell
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$5M upgrades to include trail connectivity, new dog park, fresh playground
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Roswell
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Work launches on ‘major improvements’ for prized Roswell park
Josh Green
Thu, 02/27/2025 – 16:35
Work is officially underway on “major improvements” for a popular City of Roswell greenspace that dates back more than three decades and was due for updates, according to city leaders. Dignitaries gathered Tuesday for a groundbreaking ceremony at East Roswell Park, a multifaceted 9000 Fouts Road greenspace located about five and ½ miles southeast of downtown Roswell’s Canton Street. The 40-acre park, which debuted in the early 1990s amidst suburban Atlanta’s boom, counts amenities today that include a disc golf course, sprayground, rec center, Art Center, tennis courts, and multi-sport turf fields. Planned upgrades totaling $4.8 million will see better trail connectivity and ADA access, a bigger dog park, a new playground, stormwater management, and other improvements, per city officials.
The park’s 9000 Fouts Road location (in red) in relation to the Chattahoochee River and downtown Roswell. Google Maps
Some work, including the installation of new turf fields, was completed over the past two years, as the park had grown long in the tooth. The majority of funding for park upgrades is being sourced from a bond program Roswell voters overwhelmingly approved in November 2022, according to city officials. Weather permitting, all aspects of construction are expected to be finished by late this summer. Below is an overview of forthcoming park improvements, followed by a description of each facet of work, as provided by Roswell officials this week:
Courtesy of City of Roswell
A: New dog park and parking lot: The existing dog park will be expanded from 0.5 acres to 0.9 acres and will include irrigation improvements, as well as new landscaping, sod, trees, and an additional dog-watering station. The parking lot alongside the dog park will also be expanded.B: Art Center east parking and driveway improvements: The driveway at Art Center East will be reconfigured to include a new turnaround and drop-off area, as well as additional parking.C: Stormwater management upgrades: Erosion control and stormwater management systems, including water retention and detention ponds at the new dog park, will be installed to help mitigate runoff and prevent flooding and erosion.D: Trail connectivity: The park’s existing walking trail will be extended from the softball field parking lot to the Art Center, providing a complete pedestrian loop around East Roswell Park.E: New playground: The outdated playground in the southwest corner of the park, near Pavilion #2, will be replaced with all new equipment and landscaping.F: ADA accessibility improvements: Both park pavilions will receive accessibility improvements to better accommodate those with mobility issues. Additional ADA parking spaces will also be added at the multi-sport turf fields….Follow us on social media: Twitter / Facebook/and now: Instagram • Roswell news, discussion (Urbanize Atlanta)
Tags
9000 Fouts Road
Roswell
East Roswell Park
Mayor Kurt Wilson
Roswell Parks
OTP
Atlanta Suburbs
City of Roswell
Atlanta Greenspaces
Atlanta Parks
Splash Pads
Downtown Roswell
Fulton County
Images
The park’s 9000 Fouts Road location (in red) in relation to the Chattahoochee River and downtown Roswell. Google Maps
Courtesy of City of Roswell
Subtitle
$5M upgrades to include trail connectivity, new dog park, fresh playground
Neighborhood
Roswell
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Beltline: Some homes near trails appreciating by $50K per year
Beltline: Some homes near trails appreciating by $50K per year
Beltline: Some homes near trails appreciating by $50K per year
Josh Green
Thu, 02/27/2025 – 14:27
Like any Atlantan who owns a home near popular Beltline trails can attest, the city’s “glorified sidewalk” has translated to a financial boon for more than just developers and business owners.
But according to Atlanta Beltline Inc., a program meant to lift up longtime residents who aren’t pulling large salaries near historically underserved sections of the 22-mile loop is also seeing positive results.
During the pandemic autumn of 2020, Beltline officials launched the Legacy Resident Retention Program as an effort to preserve affordability for lower-income Atlanta homeowners who wish to stay put and not sell out.
The program—financially backed by some of the city’s largest corporations and most influential charities—has since lent property tax relief to 250 homeowners in what the Beltline considers “neighborhood stabilization areas” near southern and western trail corridors.
The resulting statistics, released this week as part of a Beltline affordable housing overview, could be eye-opening.
The tax-relief program is open to residents who’ve owned their homes since at least March 2017 and earn at max 100 percent of the city’s Area Median Income. (In 2024, for a two-person household, that would mean an income limit of $86,000.) It essentially freezes some homeownership costs by covering the increase in property taxes beyond what they were in 2019.
The latest Beltline Northeast Trail section to open, in relation to Piedmont Park’s dog park. Photo by LoKnows Drones; courtesy of Atlanta Beltline Inc.
Homeowners who’ve been in the program for at least a year have seen their home values appreciate by nearly $50,000 on average—and some have watched values balloon by more than $200,000 since entering, according to Beltline officials.
Collectively, the 250 program participants have seen property values swell by $10.8 million, according to Fulton County tax records appraised value. Each homeowner has received an average of $2,174 in annual property tax assistance, per Beltline leadership.
In four years, the retention program has become Atlanta’s largest anti-displacement initiative and a tool for tackling the city’s infamous wealth disparities, per program leaders.
“We want residents who lived in these neighborhoods for years before the Beltline was built to benefit from the economic opportunities, healthy living, and cultural vibrancy the Beltline creates,” said Rob Brawner, Atlanta Beltline Partnership executive director, in this week’s announcement.
According to Brawner, nearly 2,000 Atlantans remain eligible for the program, and fundraising efforts to assist them are ongoing.
Program donors to date include the Robert W. Woodruff Foundation, Georgia Power, Rocket Community Fund, Delta Air Lines, Bank of America, Tull Charitable Foundation, Google, Truist, Kaiser Permanente, and the Annie E. Casey Foundation.
…
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Beltline: Some homes near trails appreciating by $50K per year
Josh Green
Thu, 02/27/2025 – 14:27
Like any Atlantan who owns a home near popular Beltline trails can attest, the city’s “glorified sidewalk” has translated to a financial boon for more than just developers and business owners. But according to Atlanta Beltline Inc., a program meant to lift up longtime residents who aren’t pulling large salaries near historically underserved sections of the 22-mile loop is also seeing positive results. During the pandemic autumn of 2020, Beltline officials launched the Legacy Resident Retention Program as an effort to preserve affordability for lower-income Atlanta homeowners who wish to stay put and not sell out. The program—financially backed by some of the city’s largest corporations and most influential charities—has since lent property tax relief to 250 homeowners in what the Beltline considers “neighborhood stabilization areas” near southern and western trail corridors.The resulting statistics, released this week as part of a Beltline affordable housing overview, could be eye-opening. The tax-relief program is open to residents who’ve owned their homes since at least March 2017 and earn at max 100 percent of the city’s Area Median Income. (In 2024, for a two-person household, that would mean an income limit of $86,000.) It essentially freezes some homeownership costs by covering the increase in property taxes beyond what they were in 2019.
The latest Beltline Northeast Trail section to open, in relation to Piedmont Park’s dog park. Photo by LoKnows Drones; courtesy of Atlanta Beltline Inc.
Homeowners who’ve been in the program for at least a year have seen their home values appreciate by nearly $50,000 on average—and some have watched values balloon by more than $200,000 since entering, according to Beltline officials. Collectively, the 250 program participants have seen property values swell by $10.8 million, according to Fulton County tax records appraised value. Each homeowner has received an average of $2,174 in annual property tax assistance, per Beltline leadership.In four years, the retention program has become Atlanta’s largest anti-displacement initiative and a tool for tackling the city’s infamous wealth disparities, per program leaders. “We want residents who lived in these neighborhoods for years before the Beltline was built to benefit from the economic opportunities, healthy living, and cultural vibrancy the Beltline creates,” said Rob Brawner, Atlanta Beltline Partnership executive director, in this week’s announcement. According to Brawner, nearly 2,000 Atlantans remain eligible for the program, and fundraising efforts to assist them are ongoing. Program donors to date include the Robert W. Woodruff Foundation, Georgia Power, Rocket Community Fund, Delta Air Lines, Bank of America, Tull Charitable Foundation, Google, Truist, Kaiser Permanente, and the Annie E. Casey Foundation….Follow us on social media: Twitter / Facebook/and now: Instagram • Beltline news, discussion (Urbanize Atlanta)
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Retention program has translated to nearly $11M for low-income homeowners, agency reports
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Beltline: Some homes near trails appreciating by $50K per year
Josh Green
Thu, 02/27/2025 – 14:27
Like any Atlantan who owns a home near popular Beltline trails can attest, the city’s “glorified sidewalk” has translated to a financial boon for more than just developers and business owners. But according to Atlanta Beltline Inc., a program meant to lift up longtime residents who aren’t pulling large salaries near historically underserved sections of the 22-mile loop is also seeing positive results. During the pandemic autumn of 2020, Beltline officials launched the Legacy Resident Retention Program as an effort to preserve affordability for lower-income Atlanta homeowners who wish to stay put and not sell out. The program—financially backed by some of the city’s largest corporations and most influential charities—has since lent property tax relief to 250 homeowners in what the Beltline considers “neighborhood stabilization areas” near southern and western trail corridors.The resulting statistics, released this week as part of a Beltline affordable housing overview, could be eye-opening. The tax-relief program is open to residents who’ve owned their homes since at least March 2017 and earn at max 100 percent of the city’s Area Median Income. (In 2024, for a two-person household, that would mean an income limit of $86,000.) It essentially freezes some homeownership costs by covering the increase in property taxes beyond what they were in 2019.
The latest Beltline Northeast Trail section to open, in relation to Piedmont Park’s dog park. Photo by LoKnows Drones; courtesy of Atlanta Beltline Inc.
Homeowners who’ve been in the program for at least a year have seen their home values appreciate by nearly $50,000 on average—and some have watched values balloon by more than $200,000 since entering, according to Beltline officials. Collectively, the 250 program participants have seen property values swell by $10.8 million, according to Fulton County tax records appraised value. Each homeowner has received an average of $2,174 in annual property tax assistance, per Beltline leadership.In four years, the retention program has become Atlanta’s largest anti-displacement initiative and a tool for tackling the city’s infamous wealth disparities, per program leaders. “We want residents who lived in these neighborhoods for years before the Beltline was built to benefit from the economic opportunities, healthy living, and cultural vibrancy the Beltline creates,” said Rob Brawner, Atlanta Beltline Partnership executive director, in this week’s announcement. According to Brawner, nearly 2,000 Atlantans remain eligible for the program, and fundraising efforts to assist them are ongoing. Program donors to date include the Robert W. Woodruff Foundation, Georgia Power, Rocket Community Fund, Delta Air Lines, Bank of America, Tull Charitable Foundation, Google, Truist, Kaiser Permanente, and the Annie E. Casey Foundation….Follow us on social media: Twitter / Facebook/and now: Instagram • Beltline news, discussion (Urbanize Atlanta)
Tags
Beltline
Atlanta BeltLine
Atlanta BeltLine Inc.
Invest Atlanta
Atlanta Housing
Development Authority of Fulton County
Atlanta Urban Development Corporation
Westside Trail
Southside Trail
Mayor Andre Dickens
affordable
Affordable Housing
Atlanta Affordability
Atlanta Affordable Housing
579 Garson Drive
Englewood
Atlanta Development
Atlanta Construction
I-Mix
Culdesac
Westside Park
Legacy Resident Retention Program
Atlanta Property Values
Atlanta Equity
Robert W. Woodruff Foundation
Georgia Power
Rocket Community Fund
Delta Air Lines
Bank of America
Tull Charitable Foundation
Google
Truist
Kaiser Permanente
Annie E. Casey Foundation
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Retention program has translated to nearly $11M for low-income homeowners, agency reports
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Atlanta commercial real estate firm names new vice president of leasing
Atlanta commercial real estate firm names new vice president of leasing
An Atlanta commercial real estate firm has recruited a new head of leasing.
An Atlanta commercial real estate firm has recruited a new head of leasing. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
An Atlanta commercial real estate firm has recruited a new head of leasing.
Atlanta commercial real estate firm names new vice president of leasing
Atlanta commercial real estate firm names new vice president of leasing
An Atlanta commercial real estate firm has recruited a new head of leasing.
An Atlanta commercial real estate firm has recruited a new head of leasing. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
An Atlanta commercial real estate firm has recruited a new head of leasing.
The National Observer: Real Estate: Office valuations haven’t bottomed out yet
The National Observer: Real Estate: Office valuations haven’t bottomed out yet
A continued trend of slipping office values is hardly a surprise, given the immense shakeup the U.S. office market has undergone since the Covid-19 pandemic five years ago.
A continued trend of slipping office values is hardly a surprise, given the immense shakeup the U.S. office market has undergone since the Covid-19 pandemic five years ago. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A continued trend of slipping office values is hardly a surprise, given the immense shakeup the U.S. office market has undergone since the Covid-19 pandemic five years ago.
The National Observer: Real Estate: Office valuations haven’t bottomed out yet
The National Observer: Real Estate: Office valuations haven’t bottomed out yet
A continued trend of slipping office values is hardly a surprise, given the immense shakeup the U.S. office market has undergone since the Covid-19 pandemic five years ago.
A continued trend of slipping office values is hardly a surprise, given the immense shakeup the U.S. office market has undergone since the Covid-19 pandemic five years ago. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A continued trend of slipping office values is hardly a surprise, given the immense shakeup the U.S. office market has undergone since the Covid-19 pandemic five years ago.