Quite possibly the most exciting thing going on in intown Atlanta right now…besides the Beltline…is the birth of Ponce City Market in the renovated Sears, Roebuck & Company building on Ponce de Leon in the Old Fourth Ward. Everything is built around a food hall in the central market place which will be a gathering place for culinary shopping and all kinds of different dining experiences from coffee to date night dinners. Retail shopping as well as office space for businesses will also be housed within this bohemoth not to mention loft apartments which are all but spoken for as far as I can tell.
Let’s talk food…I am so excited to one day be able to hop on the Beltline in my neighborhood of Grant Park, burn some calories on my bike on the way to PCM and then indulge on what seems to be a growing cultural mix of restaurants being added the list. Here is what they have confirmed so far: Dancing Goats Coffee Bar, Dub’s Fish Camp, H&F Burger, Honeysuckle Gelato, Indian Streetfood by Chai Pani, Jia Authentic Szechuan, Juice Box and Simply Seoul Kitchen. Several businesses are locked in as well consisting of AthenaHealth, Cardlytics which does marketing, Jamestown Investment & Management Co, Mailchimp and SBC&H Architects. Not a bad start and I have a feeling the list will continue to grow quickly as things continue to move forward with the renovations.
The Suzuki School which is a preparatory school for kids 3 months to 5 years of age will also plant a campus on site to really diversify what is becoming a true mixed use facility by definition. It looks like an art gallery will drop anchor on North Avenue as well and I’m sure we will continue to see all of intown Atlanta’s needs met as we move into 2015.
Finally the lofts…rental lofts…and not cheap ones either. A studio unit starts at $1305 monthly and as you work through the 7 floor plans, you cap out at $1417 for a slightly larger unit. The one bedrooms start at $1450 per month and make their way up to $2245 with a lot of different sized units to choose from. Two bedrooms start at $2415 per month and cap out at $2685 per month, and finally a 3 bedroom unit starts at $2970 per month up to $3435 per month. These rents have not deterred interest and I am quite sure there will be continued demand for this prime location right on the Beltline.
Residents can basically, live, eat, work, shop and exercise at the same location which is connected to all of the really cool and diverse neighborhoods we have intown. It’s really exciting to see Atlanta working to grow and reuse the structures that are in already place and just in need of some love to repurpose them and keep them standing strong. This is all to say that real estate in the area is as popular as ever and in major demand; the values will continue to move upward as the area becomes more dense. If we can help you in any way with the purchase or sale of real estate in the area, please give us a call today!