Northmarq Arranges Financing, Brokers Sale of SC Rental Community
Northmarq Arranges Financing, Brokers Sale of SC Rental Community
A Northmarq Carolinas Multifamily Investment Sales team completed the $49.25 million sale of Ryder Junction, a 264-unit multifamily community located at 900 Conductor Circle in Greer, South Carolina. Northmarq also arranged financing on behalf of the borrower, The Beach Company, through its in-house Fannie Mae DUS platform. The $31.675 million permanent-fixed loan was structured on a five-year term. Northmarq represented the seller, Proffitt Dixon Partners.
Built in 2023 and located in the Greenville submarket, Ryder Junction features one-, two- and three-bedroom apartments that include a clubhouse, resort-style pool, dog park and dog wash station, outdoor grilling areas, conference room and co-working suites, game and Wi-Fi lounge, electric vehicle charger, modern fitness center with flex studio, covered outdoor lounge with a fireplace, and available detached garages.
Northmarq’s sales team included Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson. Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris and Cabell Thomas, collaborated on the deal.
The post Northmarq Arranges Financing, Brokers Sale of SC Rental Community appeared first on Connect CRE.
A Northmarq Carolinas Multifamily Investment Sales team completed the $49.25 million sale of Ryder Junction, a 264-unit multifamily community located at 900 Conductor Circle in Greer, South Carolina. Northmarq also arranged financing on behalf of the borrower, The Beach Company, through its in-house Fannie Mae DUS platform. The $31.675 million permanent-fixed loan was structured on …
The post Northmarq Arranges Financing, Brokers Sale of SC Rental Community appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
A Northmarq Carolinas Multifamily Investment Sales team completed the $49.25 million sale of Ryder Junction, a 264-unit multifamily community located at 900 Conductor Circle in Greer, South Carolina. Northmarq also arranged financing on behalf of the borrower, The Beach Company, through its in-house Fannie Mae DUS platform. The $31.675 million permanent-fixed loan was structured on …
The post Northmarq Arranges Financing, Brokers Sale of SC Rental Community appeared first on Connect CRE.
What’s the Best Atlanta Neighborhood of 2024? Nominate yours today!
What’s the Best Atlanta Neighborhood of 2024? Nominate yours today!
What’s the Best Atlanta Neighborhood of 2024? Nominate yours today!
Josh Green
Tue, 12/10/2024 – 16:22
’Tis the season for time-honored, random traditions, and in Atlanta that calls for a criteria-free competition to determine which neighborhood was most wonderful of all this year.
But first, for this year’s Best Atlanta Neighborhood tournament, we need YOU, the people, to nominate the neighborhood you believe is 2024’s best. For whatever reason.
Did your ’hood show exceptional class, resilience, and togetherness this year? Did it boost its restaurant, shopping, or nightlife game? Did a truly affordable living option come to be? Did an amazing park or building finally open? Were marvelous old homes restored on your street, or new ones built? Etc.
The goal is to keep the nomination process as simple and democratic as possible. Please follow these easy steps:
1. In the comments section below, nominate one Atlanta neighborhood or nearby city in the metro. (If more than one place is named, only the first will be counted.)
2. If that’s too complicated, reach out to us via Facebook, Twitter, or now Instagram with your neighborhood nomination.
3. Feel free to express WHY you think your/that particular neighborhood is 2024’s best. Go on—brag on yourself!
Nominations will close at 1 p.m. sharp (EST) Friday.
The 16 Atlanta neighborhoods with the most nominations will qualify for the tournament. Seeding will be determined by the number of nominations.
Again, seeding will be determined by the number of nominations.
The 2023 tourney saw upsets galore.
The winning Atlanta neighborhood will receive the everlasting prestige of showing an entire city that it takes pride in itself and truly cares. It’ll also have bragging rights—like mighty Mozley Park, amazing Avondale Estates, and heroic Hapeville have enjoyed—for a full year.
Below is a recap of all past winners. Who shall join them from the fascinating year that was 2024?
…
The hallowed pantheon of Best Atlanta Neighborhood tournament winners:
2011: Inman Park
2012: Old Fourth Ward
2013: Kirkwood
2014: Reynoldstown
2015: West End
2016: East Atlanta
2017: West End (again)
2018-2020: (forced hiatus)
2021: Mozley Park
2022: Avondale Estates
2023: Hapeville
2024: TBD
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• All hail Hapeville, your 2023 tournament champion! (Urbanize Atlanta)
What’s the Best Atlanta Neighborhood of 2024? Nominate yours today!
Josh Green
Tue, 12/10/2024 – 16:22
’Tis the season for time-honored, random traditions, and in Atlanta that calls for a criteria-free competition to determine which neighborhood was most wonderful of all this year.
But first, for this year’s Best Atlanta Neighborhood tournament, we need YOU, the people, to nominate the neighborhood you believe is 2024’s best. For whatever reason.
Did your ’hood show exceptional class, resilience, and togetherness this year? Did it boost its restaurant, shopping, or nightlife game? Did a truly affordable living option come to be? Did an amazing park or building finally open? Were marvelous old homes restored on your street, or new ones built? Etc.
The goal is to keep the nomination process as simple and democratic as possible. Please follow these easy steps:
1. In the comments section below, nominate one Atlanta neighborhood or nearby city in the metro. (If more than one place is named, only the first will be counted.)
2. If that’s too complicated, reach out to us via Facebook, Twitter, or now Instagram with your neighborhood nomination.
3. Feel free to express WHY you think your/that particular neighborhood is 2024’s best. Go on—brag on yourself!
Nominations will close at 1 p.m. sharp (EST) Friday.
The 16 Atlanta neighborhoods with the most nominations will qualify for the tournament. Seeding will be determined by the number of nominations.
Again, seeding will be determined by the number of nominations.
The 2023 tourney saw upsets galore.
The winning Atlanta neighborhood will receive the everlasting prestige of showing an entire city that it takes pride in itself and truly cares. It’ll also have bragging rights—like mighty Mozley Park, amazing Avondale Estates, and heroic Hapeville have enjoyed—for a full year.
Below is a recap of all past winners. Who shall join them from the fascinating year that was 2024?
…
The hallowed pantheon of Best Atlanta Neighborhood tournament winners:
2011: Inman Park
2012: Old Fourth Ward
2013: Kirkwood
2014: Reynoldstown
2015: West End
2016: East Atlanta
2017: West End (again)
2018-2020: (forced hiatus)
2021: Mozley Park
2022: Avondale Estates
2023: Hapeville
2024: TBD
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• All hail Hapeville, your 2023 tournament champion! (Urbanize Atlanta)
Tags
Best of Atlanta 2024
Best Atlanta Neighborhood
Best Atlanta Neighborhoods
Neighborhood Tournament
Mozley Park
Summerhill
Avondale Estates
Castleberry Hill
Hapeville
Golden Urby Chalice of Champions
Subtitle
It’s beginning to look a lot like… criteria-free tournament season around here!
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
What’s the Best Atlanta Neighborhood of 2024? Nominate yours today!
Josh Green
Tue, 12/10/2024 – 16:22
’Tis the season for time-honored, random traditions, and in Atlanta that calls for a criteria-free competition to determine which neighborhood was most wonderful of all this year.
But first, for this year’s Best Atlanta Neighborhood tournament, we need YOU, the people, to nominate the neighborhood you believe is 2024’s best. For whatever reason.
Did your ’hood show exceptional class, resilience, and togetherness this year? Did it boost its restaurant, shopping, or nightlife game? Did a truly affordable living option come to be? Did an amazing park or building finally open? Were marvelous old homes restored on your street, or new ones built? Etc.
The goal is to keep the nomination process as simple and democratic as possible. Please follow these easy steps:
1. In the comments section below, nominate one Atlanta neighborhood or nearby city in the metro. (If more than one place is named, only the first will be counted.)
2. If that’s too complicated, reach out to us via Facebook, Twitter, or now Instagram with your neighborhood nomination.
3. Feel free to express WHY you think your/that particular neighborhood is 2024’s best. Go on—brag on yourself!
Nominations will close at 1 p.m. sharp (EST) Friday.
The 16 Atlanta neighborhoods with the most nominations will qualify for the tournament. Seeding will be determined by the number of nominations.
Again, seeding will be determined by the number of nominations.
The 2023 tourney saw upsets galore.
The winning Atlanta neighborhood will receive the everlasting prestige of showing an entire city that it takes pride in itself and truly cares. It’ll also have bragging rights—like mighty Mozley Park, amazing Avondale Estates, and heroic Hapeville have enjoyed—for a full year.
Below is a recap of all past winners. Who shall join them from the fascinating year that was 2024?
…
The hallowed pantheon of Best Atlanta Neighborhood tournament winners:
2011: Inman Park
2012: Old Fourth Ward
2013: Kirkwood
2014: Reynoldstown
2015: West End
2016: East Atlanta
2017: West End (again)
2018-2020: (forced hiatus)
2021: Mozley Park
2022: Avondale Estates
2023: Hapeville
2024: TBD
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• All hail Hapeville, your 2023 tournament champion! (Urbanize Atlanta)
Tags
Best of Atlanta 2024
Best Atlanta Neighborhood
Best Atlanta Neighborhoods
Neighborhood Tournament
Mozley Park
Summerhill
Avondale Estates
Castleberry Hill
Hapeville
Golden Urby Chalice of Champions
Subtitle
It’s beginning to look a lot like… criteria-free tournament season around here!
Background Image
Image
Before/After Images
Sponsored Post
Off
Portman targets Alpharetta office park for major redevelopment
Portman targets Alpharetta office park for major redevelopment
Portman targets Alpharetta office park for major redevelopment
Josh Green
Tue, 12/10/2024 – 14:10
Paperwork filed with the State of Georgia indicates prominent intown developer Portman Holdings has set sights on Alpharetta for its next large project.
Portman is compiling plans to convert an office park about a mile and ½ east of Avalon into a mixed-use district with hundreds of new residences, according to a Development of Regional Impact filing made Monday with the Georgia Department of Community Affairs.
The Alpharetta site in question is home to two office buildings—Brookside One & Two—and large asphalt parking lots along Old Milton Parkway (Ga. Highway 120). According to LoopNet, the Class A buildings total about 266,000 square feet.
According to the DRI filing, roughly 130,000 square feet of occupied offices would remain onsite, with the rest converted into residential, commercial, and retail uses.
The 3625 Brookside Parkway location, in relation to downtown Alpharetta and other area landmarks. Google Maps
Overview of outdoor amenities at the renovated properties. Bridge Commercial Real Estate
Specifically, Portman’s plans call for building 350 multifamily units, 90 townhomes, and 60,000 square feet of commercial and retail space from Brookside’s current buildings and parking lots.
The project’s estimated completion date is listed as 2029. We’ve reached out to Portman officials for more project details and will update this story with any additional information that comes.
As a first step toward redevelopment, Portman is filing the project with the state for review as a possible DRI. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and gather local input.
As it currently stands, the Brookside property counts four parking spaces for every 1,000 square feet of offices, with a new outdoor courtyard as its centerpiece. A trail system nearby links with the Big Creek Greenway, a miles-long destination for biking, walking, and jogging.
Positioning of the two buildings and surface parking today off Old Milton Park (bottom). Google Maps
Entry to the office park on Old Milton Parkway, as seen in 2021. Google Maps
According to CBRE marketing materials, the property underwent a multi-million-dollar renovation, completed in 2022, that included a new conference center, lounge, and lobby for both buildings. The goal was to “enhance tenant wellness and productivity,” per the commercial real estate firm.
Closer to its downtown Atlanta home base, Portman has made no shortage of development-related headlines in recent years.
The company officially debuted metro Atlanta’s largest office project of 2024 last week, and it continues to deliver restaurant options to the Beltline’s most active stretch at its Junction Krog District project in Old Fourth Ward.
Elsewhere along the Beltline, the company has scaled back redevelopment plans for Amsterdam Walk in the face of community pushback and cut ties entirely with a massive proposal along Ponce de Leon Avenue, citing economic headwinds.
Perks of the Brookside location as outlined in marketing materials. CBRE
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Now 10 years old, is Avalon metro Atlanta’s best big development? (Urbanize ATL)
The 3625 Brookside Parkway location, in relation to downtown Alpharetta and other area landmarks. Google Maps
Positioning of the two buildings and surface parking today off Old Milton Park (bottom). Google Maps
Entry to the office park on Old Milton Parkway, as seen in 2021. Google Maps
Overview of outdoor amenities at the renovated properties. Bridge Commercial Real Estate
Perks of the Brookside location as outlined in marketing materials. CBRE
Portman targets Alpharetta office park for major redevelopment
Josh Green
Tue, 12/10/2024 – 14:10
Paperwork filed with the State of Georgia indicates prominent intown developer Portman Holdings has set sights on Alpharetta for its next large project.
Portman is compiling plans to convert an office park about a mile and ½ east of Avalon into a mixed-use district with hundreds of new residences, according to a Development of Regional Impact filing made Monday with the Georgia Department of Community Affairs.
The Alpharetta site in question is home to two office buildings—Brookside One & Two—and large asphalt parking lots along Old Milton Parkway (Ga. Highway 120). According to LoopNet, the Class A buildings total about 266,000 square feet.
According to the DRI filing, roughly 130,000 square feet of occupied offices would remain onsite, with the rest converted into residential, commercial, and retail uses.
The 3625 Brookside Parkway location, in relation to downtown Alpharetta and other area landmarks. Google Maps
Overview of outdoor amenities at the renovated properties. Bridge Commercial Real Estate
Specifically, Portman’s plans call for building 350 multifamily units, 90 townhomes, and 60,000 square feet of commercial and retail space from Brookside’s current buildings and parking lots.
The project’s estimated completion date is listed as 2029. We’ve reached out to Portman officials for more project details and will update this story with any additional information that comes.
As a first step toward redevelopment, Portman is filing the project with the state for review as a possible DRI. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and gather local input.
As it currently stands, the Brookside property counts four parking spaces for every 1,000 square feet of offices, with a new outdoor courtyard as its centerpiece. A trail system nearby links with the Big Creek Greenway, a miles-long destination for biking, walking, and jogging.
Positioning of the two buildings and surface parking today off Old Milton Park (bottom). Google Maps
Entry to the office park on Old Milton Parkway, as seen in 2021. Google Maps
According to CBRE marketing materials, the property underwent a multi-million-dollar renovation, completed in 2022, that included a new conference center, lounge, and lobby for both buildings. The goal was to “enhance tenant wellness and productivity,” per the commercial real estate firm.
Closer to its downtown Atlanta home base, Portman has made no shortage of development-related headlines in recent years.
The company officially debuted metro Atlanta’s largest office project of 2024 last week, and it continues to deliver restaurant options to the Beltline’s most active stretch at its Junction Krog District project in Old Fourth Ward.
Elsewhere along the Beltline, the company has scaled back redevelopment plans for Amsterdam Walk in the face of community pushback and cut ties entirely with a massive proposal along Ponce de Leon Avenue, citing economic headwinds.
Perks of the Brookside location as outlined in marketing materials. CBRE
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Now 10 years old, is Avalon metro Atlanta’s best big development? (Urbanize ATL)
Tags
3625 Brookside Parkway
Alpharetta
City of Alpharetta
Portman Holdings
Portman
Brookside Mixed-Use
CBRE
Big Creek Greenway
Brookside One & Two
Bridge Green
Bridge Commercial Real Estate
DRI
Development of Regional Impact
State of Georgia
Atlanta Office Space
Alpharetta Offices
Alpharetta Development
Adaptive-Reuse
Adaptive-Reuse Development
Adaptive-Reuse Project
Avalon
Alpharetta News
OTP
Atlanta Suburbs
Northern Suburbs
Suburban Development
Georgia Department of Community Affairs
Images
The 3625 Brookside Parkway location, in relation to downtown Alpharetta and other area landmarks. Google Maps
Positioning of the two buildings and surface parking today off Old Milton Park (bottom). Google Maps
Entry to the office park on Old Milton Parkway, as seen in 2021. Google Maps
Overview of outdoor amenities at the renovated properties. Bridge Commercial Real Estate
Perks of the Brookside location as outlined in marketing materials. CBRE
Subtitle
Site near Avalon calls for hundreds of new housing units, retail, remade offices
Neighborhood
Alpharetta
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
Portman targets Alpharetta office park for major redevelopment
Josh Green
Tue, 12/10/2024 – 14:10
Paperwork filed with the State of Georgia indicates prominent intown developer Portman Holdings has set sights on Alpharetta for its next large project.
Portman is compiling plans to convert an office park about a mile and ½ east of Avalon into a mixed-use district with hundreds of new residences, according to a Development of Regional Impact filing made Monday with the Georgia Department of Community Affairs.
The Alpharetta site in question is home to two office buildings—Brookside One & Two—and large asphalt parking lots along Old Milton Parkway (Ga. Highway 120). According to LoopNet, the Class A buildings total about 266,000 square feet.
According to the DRI filing, roughly 130,000 square feet of occupied offices would remain onsite, with the rest converted into residential, commercial, and retail uses.
The 3625 Brookside Parkway location, in relation to downtown Alpharetta and other area landmarks. Google Maps
Overview of outdoor amenities at the renovated properties. Bridge Commercial Real Estate
Specifically, Portman’s plans call for building 350 multifamily units, 90 townhomes, and 60,000 square feet of commercial and retail space from Brookside’s current buildings and parking lots.
The project’s estimated completion date is listed as 2029. We’ve reached out to Portman officials for more project details and will update this story with any additional information that comes.
As a first step toward redevelopment, Portman is filing the project with the state for review as a possible DRI. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and gather local input.
As it currently stands, the Brookside property counts four parking spaces for every 1,000 square feet of offices, with a new outdoor courtyard as its centerpiece. A trail system nearby links with the Big Creek Greenway, a miles-long destination for biking, walking, and jogging.
Positioning of the two buildings and surface parking today off Old Milton Park (bottom). Google Maps
Entry to the office park on Old Milton Parkway, as seen in 2021. Google Maps
According to CBRE marketing materials, the property underwent a multi-million-dollar renovation, completed in 2022, that included a new conference center, lounge, and lobby for both buildings. The goal was to “enhance tenant wellness and productivity,” per the commercial real estate firm.
Closer to its downtown Atlanta home base, Portman has made no shortage of development-related headlines in recent years.
The company officially debuted metro Atlanta’s largest office project of 2024 last week, and it continues to deliver restaurant options to the Beltline’s most active stretch at its Junction Krog District project in Old Fourth Ward.
Elsewhere along the Beltline, the company has scaled back redevelopment plans for Amsterdam Walk in the face of community pushback and cut ties entirely with a massive proposal along Ponce de Leon Avenue, citing economic headwinds.
Perks of the Brookside location as outlined in marketing materials. CBRE
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Now 10 years old, is Avalon metro Atlanta’s best big development? (Urbanize ATL)
Tags
3625 Brookside Parkway
Alpharetta
City of Alpharetta
Portman Holdings
Portman
Brookside Mixed-Use
CBRE
Big Creek Greenway
Brookside One & Two
Bridge Green
Bridge Commercial Real Estate
DRI
Development of Regional Impact
State of Georgia
Atlanta Office Space
Alpharetta Offices
Alpharetta Development
Adaptive-Reuse
Adaptive-Reuse Development
Adaptive-Reuse Project
Avalon
Alpharetta News
OTP
Atlanta Suburbs
Northern Suburbs
Suburban Development
Georgia Department of Community Affairs
Images
The 3625 Brookside Parkway location, in relation to downtown Alpharetta and other area landmarks. Google Maps
Positioning of the two buildings and surface parking today off Old Milton Park (bottom). Google Maps
Entry to the office park on Old Milton Parkway, as seen in 2021. Google Maps
Overview of outdoor amenities at the renovated properties. Bridge Commercial Real Estate
Perks of the Brookside location as outlined in marketing materials. CBRE
Subtitle
Site near Avalon calls for hundreds of new housing units, retail, remade offices
Neighborhood
Alpharetta
Background Image
Image
Before/After Images
Sponsored Post
Off
Portman wants to redevelop aging Brookside office park in Alpharetta
Portman wants to redevelop aging Brookside office park in Alpharetta
Portman would join a host of developers now looking at ways to revive outdated office properties across the metro area.
Portman would join a host of developers now looking at ways to revive outdated office properties across the metro area. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Portman would join a host of developers now looking at ways to revive outdated office properties across the metro area.
Portman wants to redevelop aging Brookside office park in Alpharetta
Portman wants to redevelop aging Brookside office park in Alpharetta
Portman would join a host of developers now looking at ways to revive outdated office properties across the metro area.
Portman would join a host of developers now looking at ways to revive outdated office properties across the metro area. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Portman would join a host of developers now looking at ways to revive outdated office properties across the metro area.
MARTA reopens Indian Creek station after construction closure
MARTA reopens Indian Creek station after construction closure
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development.
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development.
MARTA reopens Indian Creek station after construction closure
MARTA reopens Indian Creek station after construction closure
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development.
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development.
Images: Rare, for-sale condos near Ponce City Market finally arrive
Images: Rare, for-sale condos near Ponce City Market finally arrive
Images: Rare, for-sale condos near Ponce City Market finally arrive
Josh Green
Mon, 12/09/2024 – 18:18
More than five years after it was initially proposed, and a full year after it topped out, a rare example of for-sale, intown condo development is ready for its closeup on one of Atlanta’s most well-known commercial corridors.
Mixed-use project The Leon on Ponce has begun a sales push in Old Fourth Ward beneath a butterfly roof (with offices), with a distinctly modern façade that includes oversized, V-shaped steel struts facing east and west.
The Leon was first marketed in spring 2019 as the replacement for a cleared, .9-acre site that had served as surface parking, situated between Mister Carwash and a new boutique hotel, less than a block west of Ponce City Market.
Delays caused by construction material sourcing have bumped back the opening timeline in more recent years, project officials have said.
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Prices at the 74-unit building— developed by Urban Eco Group and designed by S House, both Atlanta-based companies—will range from the $300,000s up to $1.2-million penthouses, though not all of the nine total floorplans are available yet, according to marketing materials.
Aspects of the project that hadn’t been previously disclosed—12 rooftop offices for lease, and more than 2,200 square feet of ground-floor retail where Ark Coffeehaus will operate near the lobby—are detailed on The Leon’s website. It stands five stories above a parking podium.
Current pricing starts at $394,000 for a single bedroom and one bathroom in 629 square feet. That’s a third-floor condo with a 193-square-foot balcony, facing west.
The priciest one-bedroom option (a corner unit with 672 square feet, another 481 exterior square feet, and Midtown views) is asking $544,000.
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The building’s east facade in full. Josh Green/Urbanize Atlanta
The most expensive Leon option currently listed—dubbed the Babe Ruth plan as a nod to the historic baseball stadium replaced by a shopping center across Ponce—is asking $829,000. That buys a two-bedroom, two-bathroom corner unit with Midtown views and 1,080 square (plus 63 square feet outside).
Condo perks are listed as 10-foot ceilings, sleek design, five-inch white oak hardwoods, and balconies big enough for morning yoga.
The Leon lacks a pool, but onsite amenities are listed as a secure parking garage (with more than 30 EV chargers), bike and personal storage space on each floor, a dog run and pet-washing station, multiple coworking spaces, and an in-house cocktail lounge
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
The Leon joins thousands of apartments developed in the area over the past dozen years but only a handful of condo offerings.
Those include Capital City Real Estate’s 29-unit Flats at the Indie and a Beltline-fronting condo venture a few blocks from The Leon called The Roycraft in Virginia-Highland.
Beyond The Leon condos, investment has poured into this formerly scruffy section of Ponce in recent years, most notably with Ponce City Market’s two-building, phase-two growth spurt, now finished at the corner of Glen Iris Drive. On the property immediately west of the condos, the 111-room Wylie Hotel opened in 2021, reviving a landmark building from the 1920s. And less than two blocks away, on the same side of Ponce, Chick-fil-A bulldozed a gas station and opened a brick-clad, drive-thru restaurant last year at the corner of Boulevard.
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Prior to The Leon breaking ground, a “Coming Soon” sign for the project stood at the property for more than two years.
With the exception of a few shipping containers, the site’s last occupant was the controversial Phoenix bar, which the city shut down in 2005. An LLC called 567 Ponce de Leon Partners PL1 scooped up the property in April 2019 for $2.14 million, property records show.
Swing up to the gallery for more context and a thorough look at The Leon today, inside and out.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Proximity of the condos to a longstanding carwash next door. Josh Green/Urbanize Atlanta
The building’s east facade in full. Josh Green/Urbanize Atlanta
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce’s site, at right, as surface parking in October 2019. Google Maps
Courtesy of Urban Eco Group/Compass; designs, Place Maker Design
Images: Rare, for-sale condos near Ponce City Market finally arrive
Josh Green
Mon, 12/09/2024 – 18:18
More than five years after it was initially proposed, and a full year after it topped out, a rare example of for-sale, intown condo development is ready for its closeup on one of Atlanta’s most well-known commercial corridors.
Mixed-use project The Leon on Ponce has begun a sales push in Old Fourth Ward beneath a butterfly roof (with offices), with a distinctly modern façade that includes oversized, V-shaped steel struts facing east and west.
The Leon was first marketed in spring 2019 as the replacement for a cleared, .9-acre site that had served as surface parking, situated between Mister Carwash and a new boutique hotel, less than a block west of Ponce City Market.
Delays caused by construction material sourcing have bumped back the opening timeline in more recent years, project officials have said.
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Prices at the 74-unit building— developed by Urban Eco Group and designed by S House, both Atlanta-based companies—will range from the $300,000s up to $1.2-million penthouses, though not all of the nine total floorplans are available yet, according to marketing materials.
Aspects of the project that hadn’t been previously disclosed—12 rooftop offices for lease, and more than 2,200 square feet of ground-floor retail where Ark Coffeehaus will operate near the lobby—are detailed on The Leon’s website. It stands five stories above a parking podium.
Current pricing starts at $394,000 for a single bedroom and one bathroom in 629 square feet. That’s a third-floor condo with a 193-square-foot balcony, facing west.
The priciest one-bedroom option (a corner unit with 672 square feet, another 481 exterior square feet, and Midtown views) is asking $544,000.
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The building’s east facade in full. Josh Green/Urbanize Atlanta
The most expensive Leon option currently listed—dubbed the Babe Ruth plan as a nod to the historic baseball stadium replaced by a shopping center across Ponce—is asking $829,000. That buys a two-bedroom, two-bathroom corner unit with Midtown views and 1,080 square (plus 63 square feet outside).
Condo perks are listed as 10-foot ceilings, sleek design, five-inch white oak hardwoods, and balconies big enough for morning yoga.
The Leon lacks a pool, but onsite amenities are listed as a secure parking garage (with more than 30 EV chargers), bike and personal storage space on each floor, a dog run and pet-washing station, multiple coworking spaces, and an in-house cocktail lounge
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
The Leon joins thousands of apartments developed in the area over the past dozen years but only a handful of condo offerings.
Those include Capital City Real Estate’s 29-unit Flats at the Indie and a Beltline-fronting condo venture a few blocks from The Leon called The Roycraft in Virginia-Highland.
Beyond The Leon condos, investment has poured into this formerly scruffy section of Ponce in recent years, most notably with Ponce City Market’s two-building, phase-two growth spurt, now finished at the corner of Glen Iris Drive. On the property immediately west of the condos, the 111-room Wylie Hotel opened in 2021, reviving a landmark building from the 1920s. And less than two blocks away, on the same side of Ponce, Chick-fil-A bulldozed a gas station and opened a brick-clad, drive-thru restaurant last year at the corner of Boulevard.
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Prior to The Leon breaking ground, a “Coming Soon” sign for the project stood at the property for more than two years.
With the exception of a few shipping containers, the site’s last occupant was the controversial Phoenix bar, which the city shut down in 2005. An LLC called 567 Ponce de Leon Partners PL1 scooped up the property in April 2019 for $2.14 million, property records show.
Swing up to the gallery for more context and a thorough look at The Leon today, inside and out.
…
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How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Proximity of the condos to a longstanding carwash next door. Josh Green/Urbanize Atlanta
The building’s east facade in full. Josh Green/Urbanize Atlanta
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce’s site, at right, as surface parking in October 2019. Google Maps
Courtesy of Urban Eco Group/Compass; designs, Place Maker Design
Subtitle
After five years in pipeline, mixed-use The Leon on Ponce project unveils pricing, plans
Neighborhood
Old Fourth Ward
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Associated Project
The Leon on Ponce – 567 Ponce De Leon Ave
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Images: Rare, for-sale condos near Ponce City Market finally arrive
Josh Green
Mon, 12/09/2024 – 18:18
More than five years after it was initially proposed, and a full year after it topped out, a rare example of for-sale, intown condo development is ready for its closeup on one of Atlanta’s most well-known commercial corridors.
Mixed-use project The Leon on Ponce has begun a sales push in Old Fourth Ward beneath a butterfly roof (with offices), with a distinctly modern façade that includes oversized, V-shaped steel struts facing east and west.
The Leon was first marketed in spring 2019 as the replacement for a cleared, .9-acre site that had served as surface parking, situated between Mister Carwash and a new boutique hotel, less than a block west of Ponce City Market.
Delays caused by construction material sourcing have bumped back the opening timeline in more recent years, project officials have said.
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Prices at the 74-unit building— developed by Urban Eco Group and designed by S House, both Atlanta-based companies—will range from the $300,000s up to $1.2-million penthouses, though not all of the nine total floorplans are available yet, according to marketing materials.
Aspects of the project that hadn’t been previously disclosed—12 rooftop offices for lease, and more than 2,200 square feet of ground-floor retail where Ark Coffeehaus will operate near the lobby—are detailed on The Leon’s website. It stands five stories above a parking podium.
Current pricing starts at $394,000 for a single bedroom and one bathroom in 629 square feet. That’s a third-floor condo with a 193-square-foot balcony, facing west.
The priciest one-bedroom option (a corner unit with 672 square feet, another 481 exterior square feet, and Midtown views) is asking $544,000.
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The building’s east facade in full. Josh Green/Urbanize Atlanta
The most expensive Leon option currently listed—dubbed the Babe Ruth plan as a nod to the historic baseball stadium replaced by a shopping center across Ponce—is asking $829,000. That buys a two-bedroom, two-bathroom corner unit with Midtown views and 1,080 square (plus 63 square feet outside).
Condo perks are listed as 10-foot ceilings, sleek design, five-inch white oak hardwoods, and balconies big enough for morning yoga.
The Leon lacks a pool, but onsite amenities are listed as a secure parking garage (with more than 30 EV chargers), bike and personal storage space on each floor, a dog run and pet-washing station, multiple coworking spaces, and an in-house cocktail lounge
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
The Leon joins thousands of apartments developed in the area over the past dozen years but only a handful of condo offerings.
Those include Capital City Real Estate’s 29-unit Flats at the Indie and a Beltline-fronting condo venture a few blocks from The Leon called The Roycraft in Virginia-Highland.
Beyond The Leon condos, investment has poured into this formerly scruffy section of Ponce in recent years, most notably with Ponce City Market’s two-building, phase-two growth spurt, now finished at the corner of Glen Iris Drive. On the property immediately west of the condos, the 111-room Wylie Hotel opened in 2021, reviving a landmark building from the 1920s. And less than two blocks away, on the same side of Ponce, Chick-fil-A bulldozed a gas station and opened a brick-clad, drive-thru restaurant last year at the corner of Boulevard.
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Prior to The Leon breaking ground, a “Coming Soon” sign for the project stood at the property for more than two years.
With the exception of a few shipping containers, the site’s last occupant was the controversial Phoenix bar, which the city shut down in 2005. An LLC called 567 Ponce de Leon Partners PL1 scooped up the property in April 2019 for $2.14 million, property records show.
Swing up to the gallery for more context and a thorough look at The Leon today, inside and out.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
Tags
567 Ponce De Leon Avenue NE
The Leon on Ponce
Place Maker Design
Atlanta Condos
Dave Radlmann
Mister Carwash
Urban Eco Group
O4W
Atlanta Development
Ponce de Leon Avenue
Ponce
Mrs. P’s Bar & Kitchen
Wylie Hotel
Atlanta Homes for Sale
Atlanta Construction
C4 Developers
Old Fourth Ward Development
Old Fourth Ward Condos
Atlanta Office Space
Office Space
Ark Coffeehaus
Mixed-Use Development
Atlanta Mixed-Use
S House
Compass
Compass Development Marketing Group
Images
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Proximity of the condos to a longstanding carwash next door. Josh Green/Urbanize Atlanta
The building’s east facade in full. Josh Green/Urbanize Atlanta
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce’s site, at right, as surface parking in October 2019. Google Maps
Courtesy of Urban Eco Group/Compass; designs, Place Maker Design
Subtitle
After five years in pipeline, mixed-use The Leon on Ponce project unveils pricing, plans
Neighborhood
Old Fourth Ward
Background Image
Image
Associated Project
The Leon on Ponce – 567 Ponce De Leon Ave
Before/After Images
Sponsored Post
Off
Cortland Adds to Atlanta Apartment Portfolio
Cortland Adds to Atlanta Apartment Portfolio
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands.
The Atlanta Business Journal reports the property was last sold in 2005, when NALS Apartment Homes, formerly known as N/A Foxwood 54, purchased the community for $36 million.
Cortland was founded in 2005 with a focus on multifamily development in Atlanta. During the economic downturn in 2008, they shifted their focus from developing communities to acquiring and renovating existing multifamily communities. By 2011, they owned and managed 5,000 apartment homes.
Cortland has acquired a portfolio of properties across seven states, bringing the vertically integrated multifamily real estate investment, development, and management company’s total to nearly 85,000 apartment homes. Headquartered in Atlanta, they have regional offices in Charlotte, Dallas, Denver, Greenwich, Houston, Orlando, and Phoenix.
The post Cortland Adds to Atlanta Apartment Portfolio appeared first on Connect CRE.
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands. The Atlanta Business Journal reports the property was last sold in 2005, when NALS Apartment Homes, formerly …
The post Cortland Adds to Atlanta Apartment Portfolio appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands. The Atlanta Business Journal reports the property was last sold in 2005, when NALS Apartment Homes, formerly …
The post Cortland Adds to Atlanta Apartment Portfolio appeared first on Connect CRE.
Amgen Announces $1B Holly Springs Factory Expansion
Amgen Announces $1B Holly Springs Factory Expansion
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment.
The $1 billion facility will incorporate cutting-edge technologies and sustainable practices. In tandem with the existing facility, these investments will create 370 new jobs in the region, supporting the area’s biomanufacturing hub.
North Carolina’s Economic Investment Committee approved a Job Development Investment Grant that will reimburse Amgen up to $4.9 million yearly across the grant’s 12-year duration. The project is expected to grow the state’s economy by $3.6 billion throughout that period. When fully operational, more than 720 jobs will be generated across both facilities. Construction began in March 2022, and that plant will be operational in 2026.
The firm owns nearly 109 acres at 4130 Friendship Road, and the two plants are slated for delivery there.
The post Amgen Announces $1B Holly Springs Factory Expansion appeared first on Connect CRE.
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. The $1 billion facility will incorporate cutting-edge technologies and sustainable practices. In tandem with the existing facility, these investments will create 370 …
The post Amgen Announces $1B Holly Springs Factory Expansion appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. The $1 billion facility will incorporate cutting-edge technologies and sustainable practices. In tandem with the existing facility, these investments will create 370 …
The post Amgen Announces $1B Holly Springs Factory Expansion appeared first on Connect CRE.