This week in Atlanta real estate: senior housing, new townhomes and more

by Mary Welch



328-home Senior housing development planned

Patrick Malloy Cos., a Gwinnett developer, wants to build 258 homes for seniors on top of Summit Chase County Club golf course in Snellville. The development would cause the course to reduce its size, making it a nine-hole course. Malloy is seeking permission to build the development from Snellville officials.

The proposed senior living community would take about 73.575 acres of land from the golf course. That land, which is near Rosebud Road and Temple Johnson Road, is currently zoned for parks and recreational uses, but Malloy wants it rezoned for low-density residential use, according to city documents.

Developers said in their proposal to Snellville officials that they believe the new housing will be of benefit to what would be left of the golf course, as well as a nearby church.

Townhomes planned near Mercedes-Benz headquarters

Ashton Woods is developing new townhome and condos, all with an English Arts and Crafts-style architecture, that will be located near the Mercedes-Benz USA headquarters.

Called Aria North, the townhomes and for-sale lofts are located near Abernathy Road, just west of Ga. Highway 400 in Sandy Springs. According to a press release, the development is designed to merge “the excitement of the city and the serenity of the hillside.”

Townhomes will range from 2,171 to 3,576 square feet with prices from the $500,000s to $690,000.

Deal Made: air rights for affordable housing

Banyan Street Capital, along with Greystar, has secured the air rights and construction financing for Ascent Peachtree, a 29-story, $125 million apartment tower above the parking deck at 161 Peachtree Center Ave. Construction should start in the next few weeks.

The Eastside Tax Allocation District granted the project a $9 million loan in exchange for promising that 70 of the 345 units would be reserved for workforce housing renters (those earning 80 percent or less than the area’s median income).

The project is focused on filling the residential vacancy in the downtown market at a sustainable rate.

Laura Rittenberg expands territory operations

Laura Rittenberg, president of Coldwell Banker Residential Brokerage, will now add the title and responsibilities of president of Coldwell Banker Residential Brokerage in the Carolinas. She will now oversee the daily operations of 34 offices and 1,970 affiliated sales associates from Georgia, North Carolina and South Carolina.

Georgians breathing easier

The American Lung Association reported that Georgia has improved its rankings in the American Lung Association’s 2019 State of the Air report. The report found that Atlanta tied for 19th in the nation for the most polluted city for year-round particle pollution and 25th for most polluted ozone.

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