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This Week in Atlanta Real Estate: Chick-fil-A CEO floats new park idea, MARTA proposals

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Chick-fil-A CEO Dan Cathy has been hosting meetings with various government officials and local businesspeople, including Georgia Department of Transportation Commissioner Russell McMurry, to create a park over Interstate 75/85 bridging Midtown with Georgia Tech. Details about the proposal are not available, Bisnow reports, but that the meeting was merely a brainstorming session.

Last year, proposals were made about Park Over 400, which would include nine acres over the GA400 freeway in Buckhead. However, some investors have shown concerns about the park and whether it would alleviate traffic in the area.

In other Atlanta news:

  • Gwinnett County is one step closer to joining the MARTA system as the board of directors approved a new contract with the county. The contract calls for MARTA to absorb Gwinnett County Transit after an agreement is made with Transdev, the county’s transit operator. Gwinnett County would also get three seats on MARTA’s board of directors and MARTA would use the Connect Gwinnett Transit Plan as a guide for building out service in that area. Residents will vote on the referendum that is currently set to take place in March 2019. Read more about the details of the contract in the Gwinnett Daily Post.
  • In more transit-related news, College Park City Council is considering a transit-oriented zoning district  that would create special guidelines for the land within a 200-acre radius of its MARTA station and downtown. According to Curbed Atlanta, the ordinance would look to create “vertically integrated” development with specific requirements on the heights of buildings, lot sizes, building materials, parking, lighting and more. The ordinance is meant to decrease car dependency, create a stronger sense of community and maximize available land.
  • Lennar is looking to develop a 713 residential unit community in Cumming. The development is called The Villages at Brooks Farm and will also include 60,0000 square feet of commercial and retail space, Bisnow reports.
  • Atlanta Fine Homes Sotheby’s International Realty opened a new Cobb office. Located at 1000 Johnson Ferry Road, Jim Glover will lead the office as vice president and managing broker for Atlanta Fine Homes Sotheby’s International Realty’s Cobb Office.
  • The Providence Group will be bringing a luxury townhome community to Old Fourth Ward. The Boulevard at Glen Iris is the group’s third in-town community. The new development will feature 16 four-story townhomes that start at the $800,000s.

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