A longstanding Atlanta developer is stepping in to finish a Reynoldstown project near the BeltLine that’s been several years in the making.
Embry Development Company recently purchased a 2-acre site from national developer Toll Brothers at 195 Chester Ave. with a goal of beginning construction soon on 85 residential units about a block west of the BeltLine’s popular Eastside Trail.
The purchase price was not disclosed, but Embry managing partner Mike Embry tells Urbanize Atlanta, “We hope to be going vertical in June.”
Issachar Capital is partnering with Embry Development on the project, but other members of the development team have yet to be picked, according to Embry.
The bulk of Embry Development’s more recent residential projects have been in Atlanta suburbs, such as Lawrenceville and Suwanee, and neighboring states. Elsewhere, a planned Embry Development townhome venture in the Benteen neighborhood near Atlanta’s federal penitentiary has entered zoning stages, according to the company’s portfolio.
The Reynoldstown property marks Embry Development’s most centralized location in Atlanta. “For our company to purchase a project with such proximity to the BeltLine is a huge deal,” Embry noted.
Last summer, Toll Brothers officials told Urbanize they’d decided to pause development of the townhome and condo project titled “Camber Crossing” in order to finalize details and work through permitting. Embry said his company is planning to pick up where previous developers left off, building a row of 33 townhomes (identified as “triplexes” by Toll Brothers), along with a separate five-story condo building at the site’s western edge.
Toll Brothers’ most recent marketing materials for Camber Crossing had called for condos starting in the high $400,000s.
Formerly home to an AT&T work-center warehouse and parking lots, the property has been rezoned from an industrial land use designation to one that supports high-density residential development. Building permits for land development were issued back in August 2021, per city records.
Camber Crossing consisted of 33 condos, all with two bedrooms, according to initial plans. Sizes were expected to range between 1,136 and 1,556 square feet in either one or two-story floorplans. Features called for nine-foot ceilings, wide-plank hardwood floors, and kitchens described as “gourmet” and cabinetry as “high-end.”
Embry Development’s roots in Atlanta date back to post-World War II years, and the planned neighborhood Embry Hills near Spaghetti Junction was among their first projects in town.
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