Land is a precious thing in this city. Especially if said land is within spitting distance of the Beltline — making it ripe for development.
In Reynoldstown, a plot of Beltline-adjacent land is slated to soon be transformed into a slew of townhouses and condos, Curbed Atlanta reports.
The development is expected to follow a rising residential trend in intown neighborhoods: smaller spaces at a (relatively) lower price point.
Curbed reports that the 2.1 acres at 195 Chester Avenue, which formerly belonged to AT&T, will be developed into 500-square-foot condos, along with town homes.
Thrive Residential, which has built elsewhere in the city, is leading the charge. The company is also behind the nearby Emerson on Krog development, where units are listed for more than $1 million.
However, according to Curbed, the Reynolds town properties are expected to start in the high $200,000s.
According to the outlet, AT&T sold the land to Thrive in December, which then had to undergo the process to rezone it for residential usage.
Reynoldstown has historically been home to shotgun style homes. The small lots make the eastside neighborhood highly walkable.
But in recent years, it has been at the epicenter of the city’s development, with new builds popping up throughout the neighborhood.
Along Memorial, multi-use developments have popped up with regularity recently.
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