Friday, December 17, 2010

Westown a west side whopper - Atlanta Business Chronicle:

afanasenkobexa.blogspot.com
To be known as Westown, it wouldr have 1,450 homes, the majority mid-rise condominiums, but also 42 single-familgy homes and hundreds of townhouses. The communith will be developed by Brock Builtf City Neighborhoods LLC inthe 43-acrw area roughly bounded by Fairmont Avenue, Bootgh Avenue, English Street, Boyd Avenue, Culpeppef Street, Huff Road and Ellsworth Drive, about a mile west of Atlantic Station. It will also includde 150,000 square feet of retail/commercial space alongb Huff Road's intersections with English Street, Boyd Avenue and Booth The project's total price tag is about $400 million. Westown is along the proposed Beltline, near the propose Culpepper transit line.
The Beltlinw is a 22-mile loop of former rail line that encircles Westown would be the largest residential development in the city of Atlantq within the past10 years, said Eugene James, directodr of 's Atlanta division, which tracks residentiakl subdivisions. The next largest development ongoing is Princeton a 785-home project being builtt by in the Camp Creek area, he said. Westowh may be eclipsed in size insides the city limitsby Miami-based The Related Group'sa proposed CityPlace at Buckhead, which calls for nearly 3,900 condominiums, townhousese and single-family homes, James said.
But Westown show residential developers believe growingf numbers of Atlanta home buyers are interested in close-in living. Prices in Westown will start arouns $195,000 for the with townhouses in thehigh $300,000xs and single-family homes in the said CEO Steve Brock. Brock has built in Atlantw for 22 years and moved into the area west of which has beencalled Westside, Midtown West and Northwest 10 years ago with a project called Adams Crossing. Brock began assembling property for Westown in 1998 and says it will take sevebn years tobuild out. Targeted buyers are singlesz or couples juststarting families.
"Wre expect families, but it's not the suburbs wherew families move forthe schools," Brock Westown's nearby elementary schools include , Boyd Elementary, Towne Elementary and William J. Scott And although it may be more expensiv to pay city of Atlanta a home buyer in Westown is just two miles from Midtowmn andabout 3.5 miles from either Buckheasd or downtown, he said, withouy ever having to get on the highway. "If you live in the you are probably commuting an hour each Brock said, which can easily exceed 500 hours a "What's 500 hours a year worth to you?" The logid hasn't been lost on other residential developers.
The Atlantsa Regional Commission (ARC) reviewedd development plans in 2005 that calledfor 6,556t more residential units in the city of according to Matt Hennie, the ARC's communicationsd coordinator. That number jumpefd to 15,150 in 2006. At the end of the firsgt quarter, the ARC has already reviewed, or is development plans that wouldadd 7,5176 residential units. Developer Marc who has his own project in the same area as says he is amazed at all of the activityygoing on. "I drive around over there and I shakwemy head.
"

No comments:

Post a Comment