Category Archives for "New Developments"

downtown atlanta

Be Ahead of the Game with Atlanta Real Estate in 2023

As we move into February, the Real Estate market seems to be stabilizing along with rates. I am seeing buyers and sellers with renewed interest as spring approaches. 

As we stabilize and look to the year ahead, I wanted to share with you some developments, neighborhoods, and ideas to help you find good long-term value and investments in our Atlanta market.

Below are four opportunities to keep an eye on and potentially explore as your next real estate move.

Welcome to Blandtown

Are you looking for the next up-and-coming neighborhood in Atlanta? If so, put Blandtown on your radar. 

Blandtown is anything but bland; the name comes from the original owner of the land, the Bland family. Blandtown is located on the Upper Westside off Huff Road between Marietta and Howell Mill.

I’ve written many times about the evolution of the Westside, and I believe Blandtown will follow the path of many other pocket neighborhoods in Atlanta that have become household names like Cabbagetown and Kirkwood.

Some new housing developments are sprouting up in the neighborhood and I will be on the lookout for unique buying opportunities for this year. 

New mixed-use developments

Centennial Yards is the $5 billion urban revitalization project near Mercedes-Benz stadium. It’s expected to feature 8 million square feet of commercial and residential space. 

Recently, they broke ground on the first development phase, a boutique hotel and apartment tower.

The Junction Krog District brings Old Fourth Ward and Inman Park together on the Beltline’s Eastside Trail. The development will house office space, shared outdoor space, and restaurants.

I believe this development will be a spectacular urban living boost and one more reason to love beltline living.

The neighborhoods surrounding these developments will be excellent long-term investment choices if you are in the market for a new home. Now is the time to start looking. 

Downtown

As you read above, with the development of Centennial yards, downtown development is booming. There’s a planned $4.5 Billion in new investment going into downtown and surrounding neighborhoods. I’ve been bullish on downtown and the surrounding neighborhoods, and it appears to all be coming together as a place to live and work in the future of Atlanta. 

Here are some of the notable projects underway:

Five Points MARTA transformation. $150 million will be invested in the MARTA hub to make it more accessible.

Underground Atlanta. Plans are underway to develop and improve this destination to make it more accessible and modernized.

South Downtown. $100 million has been invested in the buildings along Peachtree to be part of a large revitalization project that will include new retail, office, and residential spaces. 

This is the year to get ahead of the curve and take a serious look at home-buying opportunities Downtown.

Market Timing

If you have followed my blog and newsletter for any length, you know that I don’t see us having any meaningful slowdown in home prices. Yes, we have seen some short-term fluctuations and pullbacks due to increased rates, but these fluctuations have been minimal in the Atlanta market, and the overall trend is still up.

We have solid population and economic growth but insufficient residential inventory to meet long-term demand. Therefore, I don’t see a significant crash in the Atlanta residential real estate market short of a black swan event.

For this reason, people trying to time the market is on my list of things to watch. I suspect many are doing this right now hoping for the best change in rate and price. 

I hold a contrarian point of view, which is not to time this market because once people realize that this interest rate environment is the new norm, they will come back in full force and push prices up quickly.

Conclusion

Overall I couldn’t be more excited about Atlanta this year. So many big new urban developments are taking place that I believe will present a lot of new opportunities for buyers and sellers. 

Likewise, I believe that if you do plan to make a move this year then now is the right time to start looking and potentially buy. I believe home prices will continue their upward trend this year given everything the city has going for it and which I’ve been discussing for the last several months.

If you’re looking for a home and are ready to see what the market has to offer in some of the up-and-coming areas and unique opportunities of urban Atlanta then please don’t hesitate to contact me.

Atlanta

Keep Your Eye On These Atlanta Intown Neighborhoods In 2020

Atlanta is one of the fastest-growing markets in the nation and has become one of the best places to live and work in the South. So it’s no wonder the residential real estate market has seen phenomenal growth over the past several years.

Even with its enormous popularity, I believe there is still potential growth opportunity if you know where to look. Below I highlight two established neighborhoods and two up and coming neighborhoods with future growth potential.

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The Shops at Buckhead

Atlanta’s Tech Hub Neighborhood

 

Atlanta’s Tech Hub Neighborhood

Without a doubt, if you’re from Atlanta you’re familiar with Buckhead, it’s one of Atlanta’s most fashionable neighborhoods, often being referred to as the “Beverly Hills of the East”.

It gets its nickname for a good reason, it’s home to some of Atlanta’s most luxurious homes and condos, best high-end restaurants like Aria and Chops, and premium shopping with Phipps Plaza, Lenox Square and The Shops at Buckhead.

The Shops at Buckhead and Aria

The Shops at Buckhead and Aria

But there’s more soul to Buckhead than meets the eye.  Underneath all it’s glamour is the tech hub of Atlanta and the Southeast. In fact, according to Forbes, Atlanta is considered to be one of the top 5 up and coming tech mecca’s in the country with tech jobs growing close to 40% since 2010.

Atlanta Tech Village

Atlanta Tech Village

Lying at the center of all the tech growth is Atlanta Tech Village (ATV), located in the heart of Buckhead.  Founded by David Cummings, The ATV, as it’s known, is considered the start-up hub of tech innovation in Atlanta attracting top start-ups and talent from around the country.

The tech and innovation attraction of Buckhead is one of the main reasons Buckhead is expected to exceed over 40% population growth in the next 20 years, with the largest demographic being people ages 25-34.  This expected growth makes it ripe for real estate growth. According to the 2018 Buckhead Guidebook, there are over 22 new developments underway, of which 2,700 are new multifamily units. Additionally, 38 new development projects have been announced but not yet started, so developers continue to remain positive on growth within Buckhead. Even with all the development underway, according to mdjonline.com, there is still not enough inventory to meet the expected population growth.

So what does this mean for savvy real estate investors, new families and millennials looking to relocate?  I believe there is a good buying opportunity in Buckhead right now. If you’re a person looking to be part of one of the top tech business communities in the country, love good food and plenty of premium shopping then Buckhead should definitely be considered.

The Charles Buckhead and The Eclipse Buckhead

The Charles Buckhead and The Eclipse Buckhead

In fact, there are some really interesting residential developments happening right now too, one of which, The Charles, a luxury condo development located next to The Shops at Buckhead and slated to be completed in 2019.  

Here is a link to an overview of many of the Buckhead projects underway.

In the meantime, take a look at one of my latest listings a the Eclipse Buckhead Condominiums, a stunning 2 bed 2 bath right in the heart of Buckhead.

If you’re interested in seeing are learning more about properties in Buckhead please do not hesitate to contact me with questions.


Atlanta Midtown Luxury Condo

New Atlanta Midtown Luxury Condo Development on Peachtree Street

New Atlanta Midtown Lu​​​xury Condo Development 

Atlanta Midtown has another mixed use development in the works from Selig Enterprises. The proposed development will be located at 1125 Peachtree Street, between 12th and 13th Streets.

According the the AJC, this new development will be 51 stories with street level retail, 56 condo units, 253 hotel units, 9 stories of office space and two restaurants.

It’s rumored that the Luxury Hotel, Ritz-Carlton will be the hotel space occupant.

Please contact me for more information on the Selig Luxury Condos.   

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New townhomes

New Atlantic Station Townhomes

New modern upscale townhome development is planned near Atlantic station.

The development is expected to be completed by winter 2018 with floor plans ranging from approx 2,400 sq ft to 2,600 sq ft.  read more about the development here.