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Real Estate News
Compiled by Collin Kelley, Managing Editor
The Junior League Tour of Kitchens will be held the weekend of March 24 – 25. The annual two-day tour features 14 designer kitchens located in Buckhead and other Intown neighborhoods. During the event, local experts at the showcased homes offer cooking and flower-arranging demonstrations. Tickets are $25. For a detailed schedule of events or to purchase tickets visit www.jlatlanta.org/tok.
The Greater Atlanta Home Builders Association (HBA) is helping home buyers take advantage of a favorable home market by opening doors to hundreds of new homes around town. The HBA Parade of Homes will be held March 10 – 25 – allowing for three full weekends to visit homes. This event is free and open to the public. Specifics on builders and communities participating will be available on www.atlantahomebuilders.com closer to the event.
The Ryness Company (TRC) announced that it has tapped Coldwell Banker The Condo Store veterans David Tufts and Betty Harbourt to open its Atlanta office and expand the company into key Southeastern markets including Alabama, Florida, Georgia, Mississippi, North and South Carolina, and Texas. Under the name The Marketing Directors LLC, A Ryness Company, Tufts will be president and Harbourt will be executive vice president. Tufts with others founded The Condo Store in 1993, which was purchased by NRT in 1999 to become Coldwell Banker The Condo Store. Tufts remained president and spearheaded the company’s Southeastern expansion, amassing revenues in excess of $3 billion. Joining The Condo Store in 1995, Harbourt was the founding force behind the company’s marketing department. She implemented comprehensive marketing programs for hundreds of developments where exclusive sales and marketing were handled by Coldwell Banker The Condo Store.
Russell New Urban, Trammel Crow Company and Brockbuilt City Neighborhoods have begun construction of Historic Westside Village, located off Martin Luther King Jr. Drive on Lowery Boulevard. Completion of the entire development is scheduled for this summer. Historic Westside Village will feature 150 one- and two-bedroom condominiums ranging from 768 to 1,157 square feet and priced from the $140s to the $230s. The development will also feature 60 three-bedroom townhomes with garages at approximately 2,000 square feet priced from the $240s to the $260s. www.liveatwestside.com.
Southside Atlanta continues to boom with the creation of City Central Condos. Manley Homes renamed Safe Harbor to City Central in an effort to re-brand the area and establish South Atlanta as a hip and progressive urban neighborhood. City Central is the first of many projects that will integrate state-of-the-art technology and over-the-top amenities. Plans also include retail and restaurant hot spots creating the ideal live/work/play environment. It has 120 two- and three-bedroom homes priced from the $160s to the $250s. www.citycentralcondos.com.
Gellerstedt Development has broken ground on The Artisan II, above, in downtown Decatur on Commerce Drive. The seven-story building will feature 50 residences ranging from 850 to 3,000 square feet. Prices range from the $200s to the $400s. Artisan II sits next door to its sister building, which sold out quickly and is also home to the new Ted’s Montana Grill on the ground floor. www.artisandecatur.com.
The ABBA Group and Maverick Investments have finished The Brookhaven on Peachtree Road, which features 240 one- and two-bedroom conversion condominiums priced from the $150s to the $300s and ranging from 850 to 1,400 square feet. Sales and marketing are handled by Morris and Raper Realtors. www.thebrookhavenatl.com.
The restoration of the historic Edward G. Peters House and its block – located at the corner of Ponce de Leon and Piedmont avenues – is underway after Jolly Construction Company broke ground last month on 111 condominium and townhouse units that will ring the edges of the property. Simultaneously, the Savannah College of Art and Design (SCAD), will launch a $2.2 million fundraising campaign to rehabilitate the historic house (also known as Ivy Hall) and its corner front lawn. SCAD’s commitment to revitalizing this Queen Anne-styled Victorian as a cultural arts center was a critical component of securing approval for the overall redevelopment plan. “The college is proud to continue its commitment to art education, literature and historic preservation by reviving one of Atlanta’s most significant architectural treasures,” noted Paula Wallace, President of SCAD.
A new $98 million mixed-use community is planned on Collier Road near Interstate I-75, in Atlanta’s rapidly growing West Side area. Pollack Partners and landowner MK Management Company will develop the new community, which will include 55,000 square feet of “live/work” space, as well as 650 multifamily residential units, both for rent and for sale. The live/work space could become stores, restaurants and offices.
Prudential Georgia Realty Managing Broker Mike Wright has been named 2007 President of the Atlanta Board of Realtors. Wright will serve as the Board’s 81st president in its 97-year history. The Atlanta Board serves as a centralized source of information for its real estate members and assists with real estate education, real estate ethics and code of conduct, the promotion of professionalism in the industry, and represents its members with legislative initiatives. The Atlanta Board is one of the largest regional real estate boards in the Southeast, with more than 7,000 members. A long-time Midtown resident in the Ansley Park neighborhood, Wright began his real estate career with Prudential Georgia Realty and has since become managing broker of its Midtown office. Prior to entering real estate, he served as a worldwide account manager for the Coca-Cola Company.
The first five homes are completed and available for purchase in Legacy Parc, located just off I-20 on Flat Shoals Road in East Atlanta. Built by ManorBilt Homes, Craftsman-styled homes start in the mid 300s. These are three-, four- and five-bedroom homes, including some master-on-main plans, and four basement lots are available. For more information: (678) 772-1924.
Viscaya Development Group is building The Residences at Lullwater Park, which will feature 50 ultra-luxury town residences and manor homes in the Druid Hills/Virginia-Highland communities. It is the largest town-residence development built in the area in more than 20 years. The gated community combines upscale design details from Harrison Design Associates. Each residence features state-of-the-art technology pre-installed to allow for whole-home audio/visual packages and in-home theaters. In addition, all homes come with two side-by-side garages and gourmet kitchens. Residences also come with oversized outdoor living space with up to 750-square feet that includes balconies, patios and rooftop loggias. Prices range from 499,000 to the 900s. Residences are expected to be completed for buyers to move in by July 1. www.lullwaterpark.com.
Agnes Scott College broke ground last month for its first free-standing chapel. A Christian chapel welcoming people of all faiths, it will be named for the late Julia Thompson Smith, a 1931 graduate of Agnes Scott and wife of the late Hal Smith, longtime chair of the college’s board of trustees. The chapel, designed by Maurice Jennings, will feature “contemporary Gothic” architecture and seat 100 people.
The North Atlanta High School Foundation received a $30,000 grant from Harry Norman, Realtors Buckhead office to aid in programs such a center for international studies, a four-year college preparatory program for the arts, and business classes. Assistant Principal Frank Walker and PTSA President Peggy Wright thank Harry Norman associate broker Todd Emerson and agent Nancy Meister for the grant.
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