Real estate news in Atlanta
A developer is building a 186-apartment community where Reid’s Body Shop stood for more than 60 years.
The former executive’s dual role was split in two.
The 294-unit community is within walking distance of Sugar Hill’s new E-Center, a 150,000-square-foot mixed-use facility in the city’s central business district.
“Housing data for May 2022 continued strong, as price gains decelerated slightly from very high levels,” Craig Lazzara, managing director at S&P DJI, said.
The Monroe apartment community encompasses 217 units and is located on the Northside BeltLine and Bobby Jones Golf Club.
The Cove at Covington Town Center, as the apartments will be called, is one component of the overall mixed-use development, which will also include townhomes, a movie theater, Publix supermarket, office space and hotels.
DeAnn Golden replaces Dan Forsman, who was made chairman after helming the brokerage for almost 40 years.
Housing inventory was up 30.5% year over year, while new listings were up 5.5%, according to the Atlanta REALTORS® Association.
The acreage donated by Blue River Development will be used for a sports complex at the New Creation Christian Academy and a new fire station next to the Symphony Park master-planned community.
Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said.