Having risen from a long-vacant site near an east-west expressway, Kirkwood’s latest batch of infill housing is being marketed as a “must see” property with “cutting-edge, contemporary design.”
Texas-based developer Urban Lofts Townhomes is behind the Maynard Terrace project’s 23-unit second phase, located between Memorial Drive and an Interstate 20 exit, about a mile northeast of East Atlanta Village. The company is also behind townhome developments in Sunbelt markets Reno, Las Vegas, Houston, and Dallas.
As we pointed out when construction ramped up in summer 2022, the site near Kirkwood’s southern fringes has been cleared but vacant since President George W. Bush was in office.
Offering some of the area's first modern-style, semidetached living options, the 25-unit phase one was finished 16 years ago.
The first new townhome to come to market this past weekend—unit 14—offers three bedrooms and three and ½ bathrooms in 2,255 square feet.
With an asking price of $649,900, that’s a breakdown of $288 per square foot.
For homebuyers in the market for a Kirkwood townhome, it’s tied for the cheapest option in the neighborhood at the moment, following a price adjustment at a 2019-built unit next to Pullman Yards.
The site location in the 200 block of Maynard Terrace SE, in relation to Kirkwood, Edgewood, East Atlanta Village, and other eastside landmarks. Google Maps
Designs of the next phase tucked off Maynard Terrace in Kirkwood. Urban Lofts Townhomes
According to Urban Lofts’ promotional website, slightly smaller options on Maynard Terrace priced $10,000 cheaper will be available this winter.
Next door, phase-one townhomes with two bedrooms have been reselling in recent years in the high $300,000s, but none have traded in 2023.
Perks of phase two homes include “elegant wood floors,” two-car garages, natural light galore, and unique four-burner cooktops on kitchen islands, according to listings.
Overall site plan for both phases, with Interstate 20 just off-screen at left. Urban Lofts
Example of the largest floorplan at 2,255 square feet. Urban Lofts
The project continues a surge of nearby townhome development on or near the Memorial Drive corridor, including the 12-unit Warren South project elsewhere in Kirkwood and Walker Place Townhomes in Edgewood.
Directly across the street, Urban Realty Partners is fully underway with vertical construction on 103 townhomes replacing the former Gospel Tabernacle Cathedral, which was heavily damaged by fire in 2019.
...
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Kirkwood news, discussion (Urbanize Atlanta)
