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Trammell Crow Co. promotes Atlanta SVP to principal

A leading developer of commercial real estate in the U.S. has named a new Atlanta-area principal.

​  A leading developer of commercial real estate in the U.S. has named a new Atlanta-area principal. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

A leading developer of commercial real estate in the U.S. has named a new Atlanta-area principal.

BREAKING: Beltline cancels planned redevelopment of Murphy Crossing

BREAKING: Beltline cancels planned redevelopment of Murphy Crossing

Josh Green

Fri, 01/10/2025 – 14:38

BREAKING: Beltline cancels planned redevelopment of Murphy Crossing

Josh Green

Fri, 01/10/2025 – 14:38

One of the most closely watched and potentially consequential redevelopment projects around the 22-mile Atlanta Beltline loop will not be moving forward as planned.  

Beltline officials confirmed today in a project update to Urbanize Atlanta the organization has issued a notice of termination for the sale of Murphy Crossing in Southwest Atlanta’s Oakland City.

The Beltline had intended to sell the 20-acre, formerly industrial site alongside the Westside Trail to Culdesac Inc., an Arizona-based firm known for innovative approaches to infill development that put walkability and community at the forefront.

Beltline leadership selected Culdesac and Atlanta-based Urban Oasis Development as finalists to remake the coveted but long-idle Murphy Crossing site in September 2022; the Beltline and Invest Atlanta Board officially approved the development team in March last year, ostensibly clearing the way for concrete planning and permitting to begin. Hopes for redevelopment were also heightened by fresh, more detailed renderings for a transit-connected Murphy Crossing that emerged last summer

The most detailed image released to date for Murphy Crossing’s potential scope and connectivity to the Beltline and MARTA. Culdesac; Urban Oasis Development; Atlanta Beltline Inc.

But negotiations for Murphy Crossing’s sale and redevelopment have been fraught with what Beltline leaders called “significant challenges” in an email to Urbanize today.

“Since 2022, tightening conditions in the capital markets arena for commercial real estate, particularly for mixed-use and multifamily developments, contributed to changes to the project and delays in pre-development activities,” the Atlanta Beltline Inc. update reads. “These delays and project changes, among other things, have prevented the parties from coming to final terms.” 

The scope of Murphy Crossing’s latest redevelopment plans, prior to the contract termination, had potential to fundamentally change the area, which is connected to both a growing Beltline segment and east-west MARTA line. At last check, a potential six-phase buildout of Murphy Crossing could have seen more than 1,100 residential units and more than 180,000 square feet of commercial space built under I-Mix zoning. That classification allows for dense economic development—combining commercial, residential, and even jobs-producing industrial uses on a single property—in underserved neighborhoods around the city.

Murphy Crossing once operated as the Georgia Farmers Market and currently includes about a dozen warehouses and other buildings across its 20 acres.

Beltline officials in today’s announcement said they remain committed to redeveloping Murphy Crossing into more active, fruitful uses in Southwest Atlanta—but when that might begin to happen with construction wasn’t specified.

Beltline leaders plan to keep pushing forward planning, entitlement, and predevelopment work for Murphy Crossing as the development team changes. A stakeholder committee meeting for the property will held sometime in February to discuss next steps in the redevelopment process, per Beltline officials.

“We will continue to advance our work to realize a high-density, mixed-use, equitable development project on this site,” noted Beltline president and CEO Clyde Higgs, “that will meet the needs of our Oakland City, Adair Park, Capitol View, and Bush Mountain residents.”    

“Our priority is fulfilling our fiduciary responsibility to the public and delivering on the promises made throughout the many community engagement activities for this site,” added Dennis Richards, Jr., the Beltline’s vice president of housing policy and development. “[We’ll] continue with the planning and development of this site, and we look forward to sharing our next steps with the public in the coming weeks.”  

…

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Sale to Arizona-based Culdesac firm terminated for closely watched Southwest Atlanta property

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Oakland City

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BREAKING: Beltline cancels planned redevelopment of Murphy Crossing

Josh Green

Fri, 01/10/2025 – 14:38

One of the most closely watched and potentially consequential redevelopment projects around the 22-mile Atlanta Beltline loop will not be moving forward as planned.  

Beltline officials confirmed today in a project update to Urbanize Atlanta the organization has issued a notice of termination for the sale of Murphy Crossing in Southwest Atlanta’s Oakland City.

The Beltline had intended to sell the 20-acre, formerly industrial site alongside the Westside Trail to Culdesac Inc., an Arizona-based firm known for innovative approaches to infill development that put walkability and community at the forefront.

Beltline leadership selected Culdesac and Atlanta-based Urban Oasis Development as finalists to remake the coveted but long-idle Murphy Crossing site in September 2022; the Beltline and Invest Atlanta Board officially approved the development team in March last year, ostensibly clearing the way for concrete planning and permitting to begin. Hopes for redevelopment were also heightened by fresh, more detailed renderings for a transit-connected Murphy Crossing that emerged last summer

The most detailed image released to date for Murphy Crossing’s potential scope and connectivity to the Beltline and MARTA. Culdesac; Urban Oasis Development; Atlanta Beltline Inc.

But negotiations for Murphy Crossing’s sale and redevelopment have been fraught with what Beltline leaders called “significant challenges” in an email to Urbanize today.

“Since 2022, tightening conditions in the capital markets arena for commercial real estate, particularly for mixed-use and multifamily developments, contributed to changes to the project and delays in pre-development activities,” the Atlanta Beltline Inc. update reads. “These delays and project changes, among other things, have prevented the parties from coming to final terms.” 

The scope of Murphy Crossing’s latest redevelopment plans, prior to the contract termination, had potential to fundamentally change the area, which is connected to both a growing Beltline segment and east-west MARTA line. At last check, a potential six-phase buildout of Murphy Crossing could have seen more than 1,100 residential units and more than 180,000 square feet of commercial space built under I-Mix zoning. That classification allows for dense economic development—combining commercial, residential, and even jobs-producing industrial uses on a single property—in underserved neighborhoods around the city.

Murphy Crossing once operated as the Georgia Farmers Market and currently includes about a dozen warehouses and other buildings across its 20 acres.

Beltline officials in today’s announcement said they remain committed to redeveloping Murphy Crossing into more active, fruitful uses in Southwest Atlanta—but when that might begin to happen with construction wasn’t specified.

Beltline leaders plan to keep pushing forward planning, entitlement, and predevelopment work for Murphy Crossing as the development team changes. A stakeholder committee meeting for the property will held sometime in February to discuss next steps in the redevelopment process, per Beltline officials.

“We will continue to advance our work to realize a high-density, mixed-use, equitable development project on this site,” noted Beltline president and CEO Clyde Higgs, “that will meet the needs of our Oakland City, Adair Park, Capitol View, and Bush Mountain residents.”    

“Our priority is fulfilling our fiduciary responsibility to the public and delivering on the promises made throughout the many community engagement activities for this site,” added Dennis Richards, Jr., the Beltline’s vice president of housing policy and development. “[We’ll] continue with the planning and development of this site, and we look forward to sharing our next steps with the public in the coming weeks.”  

…

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• Oakland City news, discussion (Urbanize Atlanta) 

Tags

1050 Murphy Avenue
Murphy Crossing
Adair Park
West End
Capitol View
Atlanta BeltLine
Westside Trail
Culdesac
Urban Oasis Development
Kronberg Urbanists + Architects
LDG Consulting
T. Dallas Smith and Co.
Adaptive-Reuse
Atlanta Development
Oakland Exchange
Adaptive-Reuse Development
Atlanta History
BeltLine Development
Southwest Atlanta
I-Mix

Subtitle
Sale to Arizona-based Culdesac firm terminated for closely watched Southwest Atlanta property

Neighborhood
Oakland City

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Discover Lakeside Bliss in the Heart of Lake Arrowhead

With the cold settling in, it’s easy to dream of sunny days by the water—and this breathtaking lakefront home on Lake Arrowhead is the ultimate summer escape. Set on a rare, flat lot with sweeping views of the water, this home offers quiet mornings by the lake, lively get-togethers with friends, and outdoor adventures just steps from your backyard.

Inside, the open-concept design creates a seamless flow between indoor and outdoor living spaces. Large windows throughout the main level frame stunning scenery of the lake, allowing natural light to pour into every corner of the home.

The main floor features a spacious living area with a stone fireplace, formal dining room, and a bright kitchen with ample storage and an eat-in breakfast nook. A large bedroom, full bathroom, and convenient laundry room complete the first floor, offering functionality without sacrificing style.

The second floor is home to a serene and oversized primary suite, offering a peaceful sanctuary that invites relaxation. From the soaking tub that overlooks the water, a double vanity, separate shower, and an expansive walk-in closet, this retreat offers a perfect escape. Two additional guest bedrooms, a large double vanity bathroom, and an open loft area provide flexibility for guests or family. 

Offering a wealth of possibilities, the daylight basement includes a spacious bedroom suite, full bathroom, and an open living room and game area—ideal for entertaining or creating a private guest suite. Unfinished storage spaces provide plenty of room for lake toys, seasonal items, or potential future expansion.

The expansive outdoor spaces highlight the joys of lakeside living. A two-story deck invites you to soak in unobstructed views of the water, while a fire pit and hot tub offer cozy spots for year-round enjoyment. The double dock ensures easy access to the lake, whether for boating, fishing, or simply embracing the serene atmosphere. With freshly painted exteriors and deck, the property is as move-in-ready as it is picturesque.

The gated community offers an impressive array of amenities, including 24-hour security, two swimming pools, 14 walking trails, parks, a clubhouse, an 18-hole golf course, a restaurant, and a marina. With the added benefit of allowing short-term rentals, it provides incredible flexibility for those seeking an income-generating property.

Whether you’re looking for a primary residence, a vacation getaway, or a lucrative investment, this lakefront dream offers an unparalleled living experience. Embrace lakeside living and make this exceptional property your own.

Listed by EPIC Real Estate Group and Allison McLaurin with Harry Norman, REALTORS®, this home is located at 197 White Antelope Street Waleska, GA 30183.

​ Real Estate, Allison McLaurin, EPIC Real Estate Group, Harry Norman, Harry Norman Realtors Open-concept design creates a seamless flow between indoor and outdoor living spaces. Read MoreWhat Now AtlantaReal Estate – What Now Atlanta

Open-concept design creates a seamless flow between indoor and outdoor living spaces.

Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure

Morgan Stanley has filed to foreclose on a $330.8 million loan tied to the Piedmont Center, a 46-acre property that includes 14 office buildings along Piedmont Road.

The Atlanta Business Chronicle reports Ardent Cos., which owns the 2.2 million-square-foot campus, has defaulted on the loan. Piedmont Center was valued at $657 million, or $299 per square foot when Ardent lined up the debt package from Morgan Stanley in 2021. That was before interest rates soared and building valuations began to fall. 

Morgan Stanley intends to foreclose on Piedmont Center on February 4th.

Bids for Piedmont Center could be near $200 million, or $91 per square foot. That’s a 70% decline from its value in 2021. JLL is marketing the Piedmont Center. The offering says it represents a generational opportunity to control a prominent position in the Buckhead office market with significant in-place cash flows and highly flexible business plan optionality.

The post Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure appeared first on Connect CRE.

​  Morgan Stanley has filed to foreclose on a $330.8 million loan tied to the Piedmont Center, a 46-acre property that includes 14 office buildings along Piedmont Road. The Atlanta Business Chronicle reports Ardent Cos., which owns the 2.2 million-square-foot campus, has defaulted on the loan. Piedmont Center was valued at $657 million, or $299 per square foot …
The post Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

Morgan Stanley has filed to foreclose on a $330.8 million loan tied to the Piedmont Center, a 46-acre property that includes 14 office buildings along Piedmont Road. The Atlanta Business Chronicle reports Ardent Cos., which owns the 2.2 million-square-foot campus, has defaulted on the loan. Piedmont Center was valued at $657 million, or $299 per square foot …
The post Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure appeared first on Connect CRE.

PMT Unloads Steele Creek Shopping Center

PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC was the buyer. The Charlotte Business Journal reports it last sold for $8.1 million in 2001.

The 11-acre property is at 11112 Tryon St. The 71,406-square-foot center was built in 1999 and was 100% occupied at the time of the sale. Crunch Fitness is the anchor tenant there, occupying 44,000 square feet. It is also home to Sabor Latin Street Grill, Jersey Mike’s, China Tea and the Cuban restaurant A Taste of Havana.

TSCG represented PMT Partners in the sale. Ascent Real Estate Partners represented Old York.

TSCG recorded over $2 billion in transactions in 2021. The firm exclusively represents over 480 retailers and restaurants. Ascent says it is a boutique commercial real estate firm specializing in retail, office and mixed-use properties in the Piedmont area of the Carolinas. 

The post PMT Unloads Steele Creek Shopping Center appeared first on Connect CRE.

​  PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC was the buyer. The Charlotte Business Journal reports it last sold for $8.1 million in 2001. The 11-acre property is at 11112 Tryon St. The 71,406-square-foot center was built in 1999 and was 100% occupied …
The post PMT Unloads Steele Creek Shopping Center appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC was the buyer. The Charlotte Business Journal reports it last sold for $8.1 million in 2001. The 11-acre property is at 11112 Tryon St. The 71,406-square-foot center was built in 1999 and was 100% occupied …
The post PMT Unloads Steele Creek Shopping Center appeared first on Connect CRE.

What an $8.5M new condo in downtown Savannah looks like

What an $8.5M new condo in downtown Savannah looks like

Josh Green

Thu, 01/09/2025 – 15:53

What an $8.5M new condo in downtown Savannah looks like

Josh Green

Thu, 01/09/2025 – 15:53

A stately infill project billed as Savannah’s “newest—and last—riverside neighborhood” is coming together with pricing that makes residential real estate in places like Buckhead, Ansley Park, and Morningside seem comparatively accessible.

Upper East River, as the growing development is called, continues Savannah’s mixed-use expansion on what had been marshy fields just east of River Street, off the highway that links the city to Tybee Island.

According to developer Patrick Malloy Communities, Upper East River is offering five distinctive “living environments” that range from brownstone-style townhomes to sprawling penthouses with sweeping river views.

More than 120 units and riverfront amenities buildings are eventually planned, and 84 homes have closed to date, according to the project’s website.

Perks of the location include immediate access to the 1.6-mile Riverwalk and recent development next door, such as Eastern Wharf shops, acclaimed restaurants, and a public boat dock. Upper East River’s amenities—a clubhouse with a pool, rooftop deck, bar, and fitness center—are scheduled to open this year, per listings with Berkshire Hathaway HomeServices Georgia Properties.

Current prices soar to north of $8 million.

Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps

On the flipside, Upper East River’s least expensive, foot-in-the-door option right now is the Emma Townhome. That includes three bedrooms and three and ½ bathrooms in 1,894 square feet for $995,000—and up. (The only townhome on the market in Atlanta right now with similar sizing and pricing is an under-contract offering in Inman Park, which isn’t new but is larger and cheaper.)

But the Big Kahuna of Upper East River real estate is the penthouse at what’s called the Mayor Building Residences. The building offers just five units, and all are spread across a single story.

For $8.5 million, the Mayors Penthouse has three bedrooms and three and ½ bathrooms across 4,400 square feet—for a breakdown of more than $1,700 per square foot.

Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta

Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Naturally, that price includes an elevator keyed to the penthouse floor, but just two dedicated parking spaces. More unique perks include a private rooftop terrace with a fireplace—and a private pool overlooking the Savannah River.

If renderings are reality, the interiors should be rather gorgeous, of course.

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

We’ve checked with sales reps in recent weeks to learn the status of Upper East River’s construction and full delivery, but inquiries weren’t returned. This story will be updated with any additional information that comes.

In the meantime, find more context and a thorough Mayors Penthouse tour in the gallery above.

Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities

…

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Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps

Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Construction progress on a riverfront section of the Upper East River development in late November. A photo of a large new development site in Savannah with many new buildings and a pathway next to a huge river.

The window-heavy back portion of the building faces the Savannah River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta

Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities

Josh Green/Urbanize Atlanta

Josh Green/Urbanize Atlanta

Subtitle
It’s part of Upper East River, billed as “Savannah’s newest—and last—riverside neighborhood”

Neighborhood
Savannah

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Before/After Images

Sponsored Post
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What an $8.5M new condo in downtown Savannah looks like

Josh Green

Thu, 01/09/2025 – 15:53

A stately infill project billed as Savannah’s “newest—and last—riverside neighborhood” is coming together with pricing that makes residential real estate in places like Buckhead, Ansley Park, and Morningside seem comparatively accessible.

Upper East River, as the growing development is called, continues Savannah’s mixed-use expansion on what had been marshy fields just east of River Street, off the highway that links the city to Tybee Island.

According to developer Patrick Malloy Communities, Upper East River is offering five distinctive “living environments” that range from brownstone-style townhomes to sprawling penthouses with sweeping river views.

More than 120 units and riverfront amenities buildings are eventually planned, and 84 homes have closed to date, according to the project’s website.

Perks of the location include immediate access to the 1.6-mile Riverwalk and recent development next door, such as Eastern Wharf shops, acclaimed restaurants, and a public boat dock. Upper East River’s amenities—a clubhouse with a pool, rooftop deck, bar, and fitness center—are scheduled to open this year, per listings with Berkshire Hathaway HomeServices Georgia Properties.

Current prices soar to north of $8 million.

Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps

On the flipside, Upper East River’s least expensive, foot-in-the-door option right now is the Emma Townhome. That includes three bedrooms and three and ½ bathrooms in 1,894 square feet for $995,000—and up. (The only townhome on the market in Atlanta right now with similar sizing and pricing is an under-contract offering in Inman Park, which isn’t new but is larger and cheaper.)

But the Big Kahuna of Upper East River real estate is the penthouse at what’s called the Mayor Building Residences. The building offers just five units, and all are spread across a single story.

For $8.5 million, the Mayors Penthouse has three bedrooms and three and ½ bathrooms across 4,400 square feet—for a breakdown of more than $1,700 per square foot.

Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta

Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Naturally, that price includes an elevator keyed to the penthouse floor, but just two dedicated parking spaces. More unique perks include a private rooftop terrace with a fireplace—and a private pool overlooking the Savannah River.

If renderings are reality, the interiors should be rather gorgeous, of course.

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

We’ve checked with sales reps in recent weeks to learn the status of Upper East River’s construction and full delivery, but inquiries weren’t returned. This story will be updated with any additional information that comes.

In the meantime, find more context and a thorough Mayors Penthouse tour in the gallery above.

Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Savannah news, discussion (Urbanize Atlanta)

Tags

415 Upper East Ave.
Savannah
City of Savannah
OTP
Georgia
Georgia Cities
Downtown Savannah
Savannah Construction
Savannah Development
Eastern Wharf
Upper East River at Eastern Wharf
Savannah River
Patrick Malloy Communities
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Savannah Condos
Gentrification
gentrification
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Images

Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps

Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Construction progress on a riverfront section of the Upper East River development in late November. A photo of a large new development site in Savannah with many new buildings and a pathway next to a huge river.

The window-heavy back portion of the building faces the Savannah River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta

Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities

Josh Green/Urbanize Atlanta

Josh Green/Urbanize Atlanta

Subtitle
It’s part of Upper East River, billed as “Savannah’s newest—and last—riverside neighborhood”

Neighborhood
Savannah

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Before/After Images

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Officials: 1,100 more residences, retail on Midtown’s 2025 horizon

Officials: 1,100 more residences, retail on Midtown’s 2025 horizon

Josh Green

Thu, 01/09/2025 – 13:39

Officials: 1,100 more residences, retail on Midtown’s 2025 horizon

Josh Green

Thu, 01/09/2025 – 13:39

The influx of new proposals and sheer number of construction cranes in Midtown may have recently subsided, but don’t expect an idle new year in Atlanta’s hottest hotbed of high-rise growth.

According to current construction schedules, Midtown is expected to pack on another 15,000 square feet of retail space and nearly 1,100 more apartments between spring and fall this year, as “the [district’s] momentum continues to surge,” per a 2025 outlook compiled by Midtown Alliance.  

That tally includes four new towers—in three separate projects—either on or within a few blocks of Peachtree Street, all of them by developers with a growing presence and portfolio in Atlanta. (Per the most recent stats provided to Urbanize Atlanta by those firms, the exact new apartment tally for Midtown in 2025 will be 1,062 new units, with less than 20 percent of those geared toward college students.)

A revised rendering showing Modera Parkside’s east facade, with color flourishes that echo the nearby Rainbow Crosswalk and a revised parking podium near 10th Street.Mill Creek Residential/Modera Parkside

The first project to start opening, 32-story Modera Parkside, includes 361 apartments (priced from $1,794 monthly) and 3,400 square feet of street retail, about two blocks from Piedmont Park.

That tower is on pace to finish construction in the third quarter of 2025, officials with developer Mill Creek Residential have said.

How the two-tower project is expected to look from Piedmont Park, where it’s also now visible from the banks of Lake Clara Meer. Middle Street Partners; designs, Brock Hudgins Architects

A couple of blocks north of there, the two-tower 1081 Juniper St. project led by Charleston-based developer Middle Street Partners has topped out, with expectations to start opening this spring.

The larger North tower climbed to 400 feet in 2024, offering 320 units across 37 stories. The South tower, meanwhile, has topped out at 380 feet, with 34 stories, larger floorplans, and what’s designed to feel more like a boutique offering of only 167 units, the development team has said.

Rooftop views planned for Rambler Atlanta. Niles Bolton Associates

Last on the 2025 docket is 19-story Rambler Atlanta at 736 Peachtree St., a student-housing venture that will count 214 apartments and 2,977 square feet of retail space come this fall.

Following a candid year-end post on these pages pointing out what a blast living at Rambler is being marketed to be, reps with Austin-based developer LV Collective send word that an entire floor of the building will be dedicated to study time, with nine private study rooms and six conference rooms.

“Rambler’s study floor offers spaces designed for different styles of study, allowing for perceived privacy and intimacy, while still feeling connected and immersed in the larger public space” for better mental and physical health, the development team noted via email. 

An updated look at Peachtree Street retail plans at Rambler Atlanta’s base. Niles Bolton Associates

Beyond those 2025 deliveries, Midtown Alliance’s development tracker lists four more projects of significant scale that are actively under construction and expected to deliver next year. But among that list is Dewberry Capital’s long-delayed Campanile remake—now titled “The Midtowne”—so the count more realistically is three.

The apartment influx this year will follow a (nearly) record-breaking 2024, when the 1.2-square-mile subdistrict saw a new project of significant scale open, on average, every two months.

Last year’s Midtown development surge packed in nearly 2,200 apartments—the second-most in a 12-month timeframe in history—and 65,000 square feet of retail space across six residential and office projects.

Those high-rise entrants to Midtown’s apartment market last year added significant beef to the skyline. They included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).

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Four towers on deck this year, following 2024 development surge, Midtown Alliance reports

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Midtown

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Officials: 1,100 more residences, retail on Midtown’s 2025 horizon

Josh Green

Thu, 01/09/2025 – 13:39

The influx of new proposals and sheer number of construction cranes in Midtown may have recently subsided, but don’t expect an idle new year in Atlanta’s hottest hotbed of high-rise growth.

According to current construction schedules, Midtown is expected to pack on another 15,000 square feet of retail space and nearly 1,100 more apartments between spring and fall this year, as “the [district’s] momentum continues to surge,” per a 2025 outlook compiled by Midtown Alliance.  

That tally includes four new towers—in three separate projects—either on or within a few blocks of Peachtree Street, all of them by developers with a growing presence and portfolio in Atlanta. (Per the most recent stats provided to Urbanize Atlanta by those firms, the exact new apartment tally for Midtown in 2025 will be 1,062 new units, with less than 20 percent of those geared toward college students.)

A revised rendering showing Modera Parkside’s east facade, with color flourishes that echo the nearby Rainbow Crosswalk and a revised parking podium near 10th Street.Mill Creek Residential/Modera Parkside

The first project to start opening, 32-story Modera Parkside, includes 361 apartments (priced from $1,794 monthly) and 3,400 square feet of street retail, about two blocks from Piedmont Park.

That tower is on pace to finish construction in the third quarter of 2025, officials with developer Mill Creek Residential have said.

How the two-tower project is expected to look from Piedmont Park, where it’s also now visible from the banks of Lake Clara Meer. Middle Street Partners; designs, Brock Hudgins Architects

A couple of blocks north of there, the two-tower 1081 Juniper St. project led by Charleston-based developer Middle Street Partners has topped out, with expectations to start opening this spring.

The larger North tower climbed to 400 feet in 2024, offering 320 units across 37 stories. The South tower, meanwhile, has topped out at 380 feet, with 34 stories, larger floorplans, and what’s designed to feel more like a boutique offering of only 167 units, the development team has said.

Rooftop views planned for Rambler Atlanta. Niles Bolton Associates

Last on the 2025 docket is 19-story Rambler Atlanta at 736 Peachtree St., a student-housing venture that will count 214 apartments and 2,977 square feet of retail space come this fall.

Following a candid year-end post on these pages pointing out what a blast living at Rambler is being marketed to be, reps with Austin-based developer LV Collective send word that an entire floor of the building will be dedicated to study time, with nine private study rooms and six conference rooms.

“Rambler’s study floor offers spaces designed for different styles of study, allowing for perceived privacy and intimacy, while still feeling connected and immersed in the larger public space” for better mental and physical health, the development team noted via email. 

An updated look at Peachtree Street retail plans at Rambler Atlanta’s base. Niles Bolton Associates

Beyond those 2025 deliveries, Midtown Alliance’s development tracker lists four more projects of significant scale that are actively under construction and expected to deliver next year. But among that list is Dewberry Capital’s long-delayed Campanile remake—now titled “The Midtowne”—so the count more realistically is three.

The apartment influx this year will follow a (nearly) record-breaking 2024, when the 1.2-square-mile subdistrict saw a new project of significant scale open, on average, every two months.

Last year’s Midtown development surge packed in nearly 2,200 apartments—the second-most in a 12-month timeframe in history—and 65,000 square feet of retail space across six residential and office projects.

Those high-rise entrants to Midtown’s apartment market last year added significant beef to the skyline. They included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Midtown news, discussion (Urbanize Atlanta) 

Tags

736 Peachtree Street NE
Rambler Atlanta
Middle Street Partners
1081 Juniper Street NE
Modera Parkside
Mill Creek Residential
Midtown Alliance
Midtown Construction
Midtown Development
Midtown Skyline
Midtown Atlanta
Atlanta Development
Atlanta Construction
Portman
Atlanta apartments
Momentum Midtown
Atlanta Growth
Midtown Growth
Atlanta Student Housing
Student Housing

Subtitle
Four towers on deck this year, following 2024 development surge, Midtown Alliance reports

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Midtown

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Tiny house pitched for prominent Inman Park corner near village

Tiny house pitched for prominent Inman Park corner near village

Josh Green

Thu, 01/09/2025 – 08:17

Tiny house pitched for prominent Inman Park corner near village

Josh Green

Thu, 01/09/2025 – 08:17

The phrases “tiny home proposal” and “Inman Park real estate” aren’t typically associated with each other, but that changed this week.  

What’s being marketed as a “Charming Tiny Home Opportunity in Inman Park! WOW!” came up for sale Tuesday on a high-profile corner of the historic neighborhood known more for titanic-sized Victorians and Romanesque mansions.

The pint-sized, triangular site in question spans just .1 acres (or 3,267 square feet) where Elizabeth Street meets Lake Avenue.

The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps

That’s across the street from the block with the original Savi Provisions store and The Albert pub, with commercial village attractions such as Bread & Butterfly, MF Sushi, and BeetleCat just around the corner.

The new asking price for the land, as listed with Berkshire Hathaway HomeServices Georgia Properties, is $400,000 even.

Both a “cozy tiny home retreat” and “quaint office space”—or both, combined—are pitched as possibilities for the site, pending approvals.

“This exceptional triangular corner lot is not just a piece of land; it’s a canvas for your dreams,” reads the spiel. “With the possibility of variances, you have the flexibility to create a distinctive living space that stands out as a true gem in the city.” 

Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock

Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties

The property has been periodically listed—for as high as $525,000—since the summer of 2020, but has yet to lure a taker.

Beyond the charming setting and proximity to shopping and eats, the pie-shaped parcel counts easy walkability to the Beltline’s Eastside Trail, with a MARTA rail hub a few blocks away. Which helps explain the strong 91 Walk Score.

Still… it’s all about as niche as niche gets around here.

The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps

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The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps

Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock

Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties

The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps

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Sellers: Pint-sized Elizabeth Street site is “a canvas for your dreams”

Neighborhood
Inman Park

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Tiny house pitched for prominent Inman Park corner near village

Josh Green

Thu, 01/09/2025 – 08:17

The phrases “tiny home proposal” and “Inman Park real estate” aren’t typically associated with each other, but that changed this week.  

What’s being marketed as a “Charming Tiny Home Opportunity in Inman Park! WOW!” came up for sale Tuesday on a high-profile corner of the historic neighborhood known more for titanic-sized Victorians and Romanesque mansions.

The pint-sized, triangular site in question spans just .1 acres (or 3,267 square feet) where Elizabeth Street meets Lake Avenue.

The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps

That’s across the street from the block with the original Savi Provisions store and The Albert pub, with commercial village attractions such as Bread & Butterfly, MF Sushi, and BeetleCat just around the corner.

The new asking price for the land, as listed with Berkshire Hathaway HomeServices Georgia Properties, is $400,000 even.

Both a “cozy tiny home retreat” and “quaint office space”—or both, combined—are pitched as possibilities for the site, pending approvals.

“This exceptional triangular corner lot is not just a piece of land; it’s a canvas for your dreams,” reads the spiel. “With the possibility of variances, you have the flexibility to create a distinctive living space that stands out as a true gem in the city.” 

Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock

Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties

The property has been periodically listed—for as high as $525,000—since the summer of 2020, but has yet to lure a taker.

Beyond the charming setting and proximity to shopping and eats, the pie-shaped parcel counts easy walkability to the Beltline’s Eastside Trail, with a MARTA rail hub a few blocks away. Which helps explain the strong 91 Walk Score.

Still… it’s all about as niche as niche gets around here.

The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps

…

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Inman Park news, discussion (Urbanize Atlanta) 

Tags

254 Elizabeth Street NE
Berkshire Hathaway HomeServices Georgia Properties
Inman Park Homes
Land deals
Atlanta Land
Land for Sale
Tiny Home
Tiny Homes
Tiny Houses
Elizabeth Street

Images

The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps

Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock

Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties

The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps

Subtitle
Sellers: Pint-sized Elizabeth Street site is “a canvas for your dreams”

Neighborhood
Inman Park

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Image

Before/After Images

Sponsored Post
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Raleigh Apartment Investor Defaults on Loan, Forced to Sell

The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner, Silver Point Group, defaulted on the loan. St. Clair Holdings was the buyer. The Triangle Business Journal reports the company specializes in value-add real estate projects in the Southeast and Southwest.

Silver Point Group borrowed $45.6 million from an affiliate of Berkshire Residential in late 2021 to purchase the apartment complex for $52 million in early 2022.

The deed states that the borrower is in default as it “failed to pay the note as and when due” and that the default has continued. As of April 2024, Silver Point Group owed an outstanding balance of more than $48.7 million.

Brentmoor Apartments features one-, two- and three-bedroom units in 3-story buildings with rent starting at $999 a month. The units range from 735 to 1,240 square feet. Amenities include a swimming pool, grilling stations, fire pit, sauna, dog park, fitness center and more.

The post Raleigh Apartment Investor Defaults on Loan, Forced to Sell appeared first on Connect CRE.

​  The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner, Silver Point Group, defaulted on the loan. St. Clair Holdings was the buyer. The Triangle Business Journal reports the company specializes in value-add real estate projects in the Southeast and Southwest. Silver Point Group borrowed $45.6 …
The post Raleigh Apartment Investor Defaults on Loan, Forced to Sell appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner, Silver Point Group, defaulted on the loan. St. Clair Holdings was the buyer. The Triangle Business Journal reports the company specializes in value-add real estate projects in the Southeast and Southwest. Silver Point Group borrowed $45.6 …
The post Raleigh Apartment Investor Defaults on Loan, Forced to Sell appeared first on Connect CRE.

ExCap Picks Up Charlotte Rental Asset for $54.7M

Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million.

Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson brokered the sale of Enclave at Rivergate, a multifamily property built in 2009 and located at 12400 Toscana Way.

Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris, and Cabell Thomas, secured the permanent fixed loan on behalf of ExCap. The deal was completed with a loan from Freddie Mac and structured on a 5-year term with a 35-year amortization schedule.

Enclave at Rivergate features several renovations and upgrades since 2019, including painted balconies and breezeways, an added hammock garden, a reconfigured clubhouse layout, expanded and upgraded fitness and cardio center, more communal and coworking space, introduced a 24-hour package concierge service, upgraded pool furniture, installed modern pergolas and soft seating for the pool, renovated grill stations and installed an oversized fire pit, and added outdoor gaming and entertainment options.

The post ExCap Picks Up Charlotte Rental Asset for $54.7M appeared first on Connect CRE.

​  Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million. Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson brokered the sale of Enclave at Rivergate, a multifamily property built in 2009 and located at 12400 Toscana Way. Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris, and …
The post ExCap Picks Up Charlotte Rental Asset for $54.7M appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million. Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson brokered the sale of Enclave at Rivergate, a multifamily property built in 2009 and located at 12400 Toscana Way. Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris, and …
The post ExCap Picks Up Charlotte Rental Asset for $54.7M appeared first on Connect CRE.