Lots of exciting things happened this week in the world of real estate. Top stories this week included a project proposal to bring together Atlanta’s downtown and midtown, Metro Atlanta’s growing new home construction market and more.
If you missed any of this week’s top news, catch up with our weekly real estate news roundup:
Reuniting two Atlanta neighborhoods – In an effort to reconnect Atlanta’s downtown and midtown, Central Atlanta Progress has proposed turning a half-mile stretch of interstate highway into a tunnel that would turn surface parking and empty lots into 14 acres of new landscape. Learn more about the estimated $300 million project here.
Metro Atlanta’s top neighborhoods –Buckhead-based Dorsey Alston, Realtors’ mid-year analysis found that Intown, Brookhaven and north Fulton are leading Metro Atlanta’s residential real estate market.
Industrial buildings transformed into trendy apartments – Many popular contemporary housing structures in Atlanta were once industrial buildings. From factory windows to exposed brick to visible ductwork and more, take a look inside nine Atlanta apartments that offer modern living with an industrial edge here.
Breaking down Georgia closing costs – In Georgia, Bankrate found that a buyer closing on a $200,000 mortgage loan, with an assumed 20 percent down payment and “excellent credit,” will face closing costs of $2,303 – $1,155 for origination fees and $1,148 for third party fees. Are Georgia’s average closing costs amongst the highest or lowest in the nation? Find out here.
Home construction at highest level since 2008 – New home construction in Metro Atlanta is now at its highest level in eight years, according to the latest report from Metrostudy.