While Amazon mulls its decision on where HQ2 will be located, many economists and experts are looking at the potential impact on the chosen city. One thing that they all agree on is that home prices will soar. The Atlanta Journal-Constitution reported this week that while Amazon would be an economic boom, it would also bring stress to an already tight inventory market. Curbed Atlanta reported that home prices would grow by 6.9 percent, but that was the seventh-lowest growth rate. For comparison, Raleigh could see a 33.8 percent jump in home prices if chosen.
In other Atlanta real estate news:
- The Providence Group of Georgia will be responsible for nearly half of Harvest Park, a new residential development coming to Suwanee, Georgia. According to BuilderOnline, Harvest Park will have 208 homes, with The Providence Group responsible for about half of them: 38 single-family homes and 61 townhomes. Construction is expected to start later this year, with model homes opening in March 2019.
- Sales have begun for a new townhome community called Plateau West. The community will eventually include 18 homes near Atlantic Station, and so far there are four floorplans available, all of which include three bedrooms and optional elevators. Head over to Curbed Atlanta to see renderings of the new building.
- JLL was chosen to market the new Block One at Underground Atlanta. The mixed-use development will be adjacent to MARTA’s Five Points Station, and include residential, office, retail space, as well as a “higher-density hotel” along the 1.9 acre block.