REAL ESTATE BRIEFS

from Atlanta Intown - March 2022

by Rough Draft Atlanta: Atlanta Intown, Reporter Newspapers

SUMMER CAMPS

Zillow reports that the Atlanta housing market gained $147 billion in 2021, making the city the 14th most valuable out of the 50 largest U.S. metros. Other key takeaways from the report include that Atlanta’s housing market is now worth $460 billion more than it was a decade ago. Read the full report at zillow.com/research.

Northland has acquired SLX Atlanta, which includes a 306-unit luxury mid-rise apartment community in Chamblee, and a four-parcel 0.76 acre high-rise development site located at the corner of 17th and Spring streets in Midtown. The 17th and Spring site, adjacent to under-construction Midtown Union, will become a high-rise apartment tower with street level retail.

▲Selig Development and real estate company GID have partnered for a 306-unit apartment building at The Works development on the Upper Westside. The apartment building will complete phase one of The Works, which is already home to 160,000 square feet of retail and 120,000 square feet of office. The apartments will be located at the entrance of the 80-acre development along Chattahoochee Avenue. The project, designed by RJTR and built by contractor Brasfield and Gorrie, will include a mix of floorplans, comprising 70% one-bedroom and 30% two-bedroom apartments.

▲Engel & Völkers Atlanta has launched presales on the next phase at Interlock by Monte Hewett, a 41-residence townhome community located within The Interlock in West Midtown. Priced from the high $600’s to $1 million-plus, homes at Interlock will range between 1,867 to 2,827 square feet and include front and rear patio spaces and a fourth-floor rooftop terrace. For more information, visit owninterlock.com.

Compass Real Estate has welcomed Ennis Antoine as the managing broker and sales manager overseeing more than 250 agents across the Atlanta metro area. Ennis will provide support to increase the brokerage’s market share across Atlanta.

▲The Allen Morris Company has broken ground on Bryn House, a mixed-use luxury rental community in North Druid Hills with an estimated completion date of Spring 2023. The five-story, 337-unit residential building will include 574,479 buildable square feet including a 175,00 square foot parking deck and 2,000 square feet of ground floor retail, including a coffee shop and wine bar connected to a pocket park. Additional amenities will include an elevated pool deck with private cabanas and trellised grilling areas, stateof-the-art gym, event space, game room, and onsite dog park. The new community will support the housing needs for healthcare workers and university employees from the Children’s Healthcare of Atlanta (CHOA) and Emory University medical campus respectively. For additional information, visit allenmorris.com.

►Alair Homes Decatur was awarded three Regional CotY (Contractor of the Year) Awards by National Association of the Remodeling Industry The projects were selected from hundreds of entries and judged against projects completed throughout the Southeast. The three winning projects by Alair Decatur were entered into the national CotY Awards competition. All three winning entries were from a renovation project at a historic 1910 home in Midtown.

▲The shuttered Nabisco snack-making factory, a fixture at 1400 Murphy Ave. in Southwest Atlanta for 80 years, has been bought by warehouse company Prologis, raising hopes and fears about its preservation and reuse. “The Atlanta Preservation Center is very hopeful that the next use of this building and space will include this building in those plans,” executive director David Yoakley Mitchell said. “Atlanta has a deep identity connection with structures like this, and by including them we always remember that past and build upon it for our future.” Adjacent to the Oakland City MARTA station in the Sylvan Hills neighborhood, the historic building has the potential for adaptive reuse, including affordable housing.