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Real estate news in Atlanta
The second phase of the community is slated for an early 2022 opening.
The acquisition marks San Francisco real estate investor Hamilton Zanze’s sixth acquisition in the Atlanta metro area,
Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.
Besides Atlanta, the portfolio’s markets include Dallas; Phoenix; Nashville, Tenn.; Charlotte, N.C.; and Tampa, Fla.
The 325-unit community is located at 1246 Allene Ave. SW and was previously home to the Exide Technologies battery plant.
The class-A multifamily development sits in the heart of Roswell’s entertainment district on Canton Street.
The new broker plans to highlight Harry Norman’s commitment to providing exceptional service, luxury offerings and first-class experiences for agents and clients, according to a press release.
The median sales price of homes sold in the Atlanta metro area surged by 22.5% on a year-over-year basis in July to $349,000, according to statistics from the Georgia MLS.
Miami apartment developer, owner and operator AHS Residential is expanding outside of Florida with the development of AHS Tributary, a 433-unit mixed-use multifamily community in Atlanta’s Douglasville suburb. The project represents AHS Residential’s first asset outside Florida. The company
Columbus, Ohio-based CREC Real Estate LLC and San Francisco-based McDowell Properties intend to make value-add improvements to the property, which was built in 1987 and consists of 28 two-story buildings.
Meanwhile, housing starts rose to 3,485 from 2,397 a year earlier, according to Atlanta Agent’s July Housing Scorecard.
The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking remotely.
With the increased number of professionals working remotely, today’s homebuyers are putting less of a premium on commute time and more on affordability.
More jobs and other factors are driving population and rental prices through the roof.
The community is being renovated and rebranded as Haven North East.
The acquisition comes on the heels of FCP’s acquisition of the 380-unit Wyndcliff Apartments in Smyrna and sale of the 312-unit River Crossing at Roswell community.