This Week in Atlanta Real Estate: Senator reveals proposal for regional metro transit expansion

by Sergio Valdes

State Sen. Brandon Beach planned to propose a plan to the state Senate this week that will expand and stabilize Atlanta metro services for 13 counties, according to The Atlanta Journal-Constitution. While certain details of the proposal have not been finalized, Beach says that the overall goal of this legislation is to create a consistent and effective regional transit system that is not obstructed by county boundaries. The proposal is said to be under the control of a new board authorized by the Georgia Regional Transportation Agency, who will oversee the transit production in the Cherokee, Clayton, Coweta, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding and Rockdale counties.

In other Atlanta real estate news:

  • Renowned builder company Brock Built Homes has its eyes set on Bankhead’s Donald Lee Hollowell Parkway, with intent to pioneer housing in the area, reports Curbed Atlanta. Named “The Finley,” this planned townhome community will replace a site currently hosting parking lots, shuttered buildings and an auto salvage business.
  • Independent mortgage lender Castle & Cooke Mortgage has opened a new branch in the Atlanta market in Kennesaw, according to Mortgage Orb. This newly-established branch will be led by veteran Russell Elam, previously a senior loan officer for Ace Mortgage Funding and a sales manager for MainStreet Home Loans.
  • Curbed Atlanta reports that Atlanta architect-builder Abode has bought a vacant lot between Moreland and Beltline for their current Reynoldstown project named Mattie Branch. Marketed as a departure from more standard home developments, Mattie Branch is set to introduce 11 townhomes and 14 rent-available studios to the area.
  • An iconic modern residence designed by famed architect Ted Levy in Sherwood Forest is currently selling for $1.45 million, according to Curbed Atlanta, however the listing oddly suggests the home be demolished for the creation of a new building. Interestingly, the house was already previously sold in September for $1.3 million.