This week in Atlanta real estate: More Gwinnett County development, Zillow Offers hub and more

by Mary Welch

 

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Creative Commons 2.0: John Trainor

Several developers in Gwinnett County have applied to the county’s department of planning and development to build new multifamily projects. 

Hathaway Development proposed building 305 apartment units that will include 148 one-bedroom units, 127 two-bedroom and 30 three-bedroom apartments on 23.9 acres at 2490 Sugarloaf Parkway. The Integrity Development Group has 11.54 acres under contract with plans to build 65 townhome units, also on Sugarloaf.  

Ridge Stone Capital requested a rezoning of a 2.1-acre tract located on the southeast side of Satellite Boulevard just north of Hopkins Mill Road. Ridge Sone wants to build a five-story condo building with 59 two- and three-story units ranging from 1,000 to 1,400 square feet. The building will share amenities with the proposed development located at 4580 Satellite Boulevard, which the developer intends to turn into a five-story condo with 56 two- and three-three-bedroom units. The condo is part of a mixed used project that will also contain about 48,000 square feet of office and retail. 

In other Atlanta real estate news:

  • Zillow contemplating Southeast hub: Seattle-based Zillow is potentially seeking up to 100,000 square feet for a Southeast hub in Atlanta for its Zillow Offers division. Zillow Offers puts up cash in exchange for a seller’s house and, if accepted, allows the seller to choose a closing date for a fee. Zillow Offers began service in Atlanta last September, its third market outside of Phoenix and Las Vegas. At this point the platform has been launched in six markets, including Denver, Charlotte and Raleigh, with plans to expand to 14 markets this year.  
  • The Edge opens its doors: The Atlanta Business Chronicle reported this week that The Edge, a 350-unit apartment and retail project along Atlanta BeltLine’s Eastside Trail, is welcoming its first residents. The $80 million development, built by North American Properties and Vantage Realty Partners, includes 10 percent affordable housing units, which start at around $1,220. The market-rate units are renting for $2.35 per square foot, with the average unit coming in at 850 square feet. Among the amenities are a dog park, South Beach-inspired pool deck and small offices residents can rent. New restaurants are planned, including one called Cold Beer from Chef Kevin Gillespie. 
  • Taylor Morrison names new Atlanta president: This Thursday, Robert Rademacher was named president of the Atlanta division of national homebuilder and developer Taylor Morrison. A graduate of the University of Kentucky-Lexington, Rademacher will oversee 21 Taylor Morrison communities in the greater Atlanta area, with four additional communities opening this year. 
  • Johns Creek townhomes ready for viewing: The Providence Group of Georgia announced that the townhomes at Cresslyn, its Johns Creek community, are ready to check out. Priced from $399,000, the brownstone townhomes are two- and three-story with open-concept floor plans that can be customized. Its Bainbridge Model Home received the OBIE Gold Award for best building design and best interior merchandising from the Greater Atlanta Home Builders Associations and the Atlanta Sales and Marketing Council.