THE CANCER ANSWERTM IN YOUR HOMETOWN REAL ESTATE BRIEFS

The Invest Atlanta Board of Directors has passed a resolution approving the use of $9 million from the Eastside Tax Allocation District (TAD) for the development of a $90.5 million, 14-story, 302-unit residential tower at 161 Peachtree Center Avenue in Downtown. Sixty of the units, or 20 percent of the total units, will be set aside as affordable workforce housing. Banyan Street Capital LLC, the owner of Peachtree Center, is proposing to partner with developer Greystar to build the residential tower above an existing parking garage adjacent to Peachtree Center. The project will bring approximately 150 temporary construction jobs, and more than $90 million in capital investment to the Downtown area. The total economic impact of the project is estimated at more than $129 million. Construction is expected to begin in early 2018.

The Atlantic building at Atlantic Station in Midtown is converting its remaining apartments to luxury condos, with new interiors and hotel-style service. CF Real Estate Services (CFRES) purchased Atlantic late last year, with the intent of restoring the building to its original condo concept. The company will convert the remaining 229 units, most of which are located on the upper floors of the 46-story tower, from apartments to for-sale residences. Units are for sale with prices ranging from the mid $300,000’s to over $1.4 million. For more information, visit ownatlantic.com.

Edward Andrews Homes has announced that its new Grant Park community, The Swift, will be completed this month. The Swift connects residents to the future Southeast side of the Atlanta BeltLine and offers townhome living just a stroll away from urban markets, restaurants, shops and parks priced from the $300,000’s. For more information, visit theswiftatlanta.com.

Equus Capital Partners has acquired Viera Braircliff, a 500-unit apartment community in Druid Hills. The complex has been renamed Madison Druid Hills.

Christa Huffstickler has opened Engel & Völkers Atlanta, the company’s fifth brokerage in the Greater Atlanta area. Building on more than 15 years of experience in new construction and residential real estate, Huffstickler and her team specialize in developer services, having worked on projects including 1065 Midtown above the Loews Hotel, 1010 Midtown, The Atlantic and Emerson Buckhead.

Valerie Levin has been named senior vice president and managing broker for Berkshire Hathaway HomeServices Georgia Properties Midtown Office. Kerman Haynes, who has guided the Midtown Office as managing broker, has been appointeded senior vice president of City HAUS, the firm’s luxury condominium marketing and development division.

Group Kora, Istar and the Mandarin Oriental Atlanta in Buckhead recently hosted a cocktail party for a group of Chinese investors to introduce them to the Atlanta real estate market. The event took place at the new construction Mandarin Oriental Residences and included a tour of the fast-selling properties. Group Kora, led by Karen Rodriguez, hosted the group of investors, who are part of a private wealth club visiting Atlanta to actively seek business and real estate investment opportunities.

Terwilliger Pappas has started construction on Solis Decatur, a 290-unit apartment community. Solis Decatur comprises the residential component of the North Decatur Square mixed-use development that includes 89,000 square feet of restaurant and retail – including a Whole Foods 365. Terwilliger Pappas partnered with SJ Collins Enterprises on the 11-acre parcel. Catalyst Development Partners has opened Helios Apartments for immediate moveins. The 282-unit community is located at 2470 Cheshire Bridge Road NE near the intersection of I-85, PATH 400 and eventually the Atlanta BeltLine. The building has one- and two-bedroom apartment homes with gourmet kitchens, extra-large closets, multi-level lounge areas, co-working space, saltwater pool and more. For more information, visit heliosapts.com.

Developer John Wieland and his team recently hosted a celebration and dedication for the One Museum Place luxury condo development across the street from the High Museum on Peachtree Street in Midtown. Guests received a tour of the sales model as well as an elegant dinner in one of the 44 residences, 24 of which have already been sold. The condos range from 1,700 square feet to 5,000 square feet, with prices beginning at $1 million.

Edward Andrews Homes and David Weekley Homes have debuted Broadview Place, a new townhome community in Buckhead. Located just steps from the Lindbergh MARTA station and a host of retail and restaurants, the community featured 33 homes starting in the high $300s. For more information, visit eahomes.com.

Set on the site of the former Williamsburg apartment community in Decatur, Pulte Homes is replacing the 400-plus apartments with a blend of 341 luxury singlefamily homes, townhomes and condos called Parkside at Mason Mill. Home prices will range from the mid $300s to the $600s. For more information, visit Pulte.com/ ParksideAtMasonMill.

Mercy Housing Southeast recently held a ribbon-cutting for its new, affordable housing development called Reynoldstown – a 70-unit, independent-living, affordable senior housing facility servicing residents aged 62 and older. The new development features extensive amenities and targets seniors whose annual household income range is $17,500 to $35,000. The development is located at 695 Field Street and sits in the heart of Reynoldstown neighborhood.

Fourteen local Atlanta celebrities recently competed in a ballroom dance competition, Dancing Stars of Atlanta, while raising funds for the Alzheimer’s Association, Georgia Chapter. Morningside resident and realtor, Ken Covers with Engel & Völkers Intown Atlanta, was awarded the People Choice Award for setting a new record for the highest fundraiser in the event’s history along with his dance partner Morgan Hendrix. He raised a total of $173,300. “I had the time of my life fundraising and sharing the evening with family and friends. It will be an evening I will always remember,” Covers said.

Our contributing photographer Steve Eberhardt was on hand for last month’s Prince Parade along the Eastside Trail of the Atlanta BeltLine. Organized by Prince fan Allen Smith (pictured above), the parade stepped off from Piedmont Park and headed to Historic Fourth Ward Park for dancing and a candlelight vigil. The music icon performed his last concert in Atlanta at the Fox Theatre before his death on April 21, 2016.