This Week in Atlanta Real Estate: Midtown boom continues, driveless transportation, eco-friendly homes and more

by Rincey Abraham

Midtown’s building boom continues with a 51-story structure on 1125 Peachtree Street that will have 253 hotel rooms, 56 condos and nearly 6,000 square feet of retail space, according to the Atlanta Journal-Constitution. Selig, the Atlanta real estate firm, presented their plans at the Midtown Development Review Committee this week.

If built, the tower would be one of the tallest in the area, along with No2 Opus Place and the residential Four Seasons that are 53 stories tall.

In other Atlanta real estate news:

  • The Integral Group is planning to create a driverless shuttle system at its Assembly mixed-use project that will connect to the Doraville MARTA station. According to Curbed Atlanta, the system will use cameras, GPS, radar and laser range finders to make driving decisions. Assembly is expected to include 10 million square feet of multifamily, office space, retail, restaurants and entertainment once complete.
  • Residents who are looking for eco-friendly home options can now look to the 223-acre Pinewood Forest development in Fayetteville, Georgia. The community is across the street from Pinewood Atlanta Studios and includes homes heated and cooled using geothermal energy at no extra charge. Currently, 50 homes are built, but the developer is hoping that all 1,300 single-family homes will have independently operating geothermal systems within five to seven years. Homeowners will have the option of either buying the system and including the cost in their mortgage or lease the system with a monthly fee that starts at $55, Builder Online reports.
  • A new 24-story tower and five-story mid-rise is coming to Buckhead. AMLI Oak Valley, a new multifamily community, will have 391 luxury apartments with floor-to-ceiling windows, along with a number of amenities including outdoor and studio fitness facilities, clubrooms and a pool. The project is expected to be complete in 2019.
  • The Atlanta Housing Authority will be partnering with Hunt and Oakwood Development group to redevelop the former Herdon Homes site into a mixed-use affordable housing project. The project is expected to have 700 units, with 105 designated as 100 percent affordable for seniors and 40 percent of the remaining units designated as affordable. According to What Now Atlanta, the community will be built in five phases and will be fully complete in December 2021.
  • Grandview Residential LLC filed a request to rezone a plot of land close to Memorial Drive in DeKalb County in order to build 18 townhomes, according to Curbed Atlanta. The townhomes would be at least 1,600 square feet with a two-car garage, along with green space and a dog park on the 2.4-acre site. The townhomes could also start around $275,000, significantly less than other homes in the area.