This Week in Atlanta Real Estate: Affordable housing, scrapped developments and more

by Lauren Clohessy

JPX Works canceled plans for its highly anticipated condo development in Atlanta. JPX Works announced the decision to scrap development plans for The Emerson, which was set to be built on a Peachtree Rd. in Midtown. Instead, the company plans on selling the land outright as a development site, with the help of Jones Lang LaSalle. “Our great city deserves quality, innovative architecture, and we regret that Emerson Buckhead and its striking design will not materialize. We look forward to exploring our options for 2520 Peachtree Road,” said a JPX Works spokesperson. The company will continue to work on other developments in the Atlanta area. 

In other Atlanta real estate news:

  • After filing plans for a new Atlanta mixed-use development last month, Ailia Real Estate is moving forward with its plans. The Avila Glenwood, located on Glenwood Ave near the Beltline’s planned Southside Trail, is set to have 200 apartments, retail space and a restaurant. According to What Now Atlanta, the development offers one- or two-bedroom floor plans and units with various features, including granite countertops, nine-foot ceilings and designer lighting.
  • The Providence Group announced a new townhome community in Atlanta’s Historic Grant Park. Pratt Stacks will be made up of four-story stacked townhomes in 16 buildings across the land. Builder reported the townhomes will feature open concepts for residents and a short commute to local amenities. 
  • A new project coming to Decatur will finish the city’s affordable housing trifecta. The Oakview Walk project will add 43 units to the city, overall creating 518 affordable homes to the area throughout the trio. According to Curbed Atlanta, the Decatur Housing Authorities said the final piece in the affordable housing developments will increase Decatur’s affordable stock by nine percent since 2014. The one-bedroom affordable units will cost up to $784 a month and the two-bedroom units can reach $942 a month.
  • No.2 Opus Place has became the fastest selling pre-construction tower in Atlanta. After selling more than 35 homes since March, the 53-story glass tower received the fastest selling title. See how No.2 Opus Place is looking to re-define luxury living in the Midtown neighborhood. 
  • A new community is coming to the Cumming neighborhood. Ashton Woods announced the new Bellehurst community in the West Forsyth High School district. The Bellehurst community will include 187 single-family homes and various amenities for families, including the opportunity for teenagers to attend one of the top 25 high schools in the state. Bellehurt homes start in the $400,000 range and buyers have the option to work with designers to create a personalized home.