Memorial Drive’s homebuilding tsunami is continuing its eastward push beyond City of Atlanta limits.

Decatur-based Valor Tower Real Estate Developments has demolished houses, cleared a full block, and installed infrastructure for a sizable townhome venture in DeKalb County’s Belvedere Park neighborhood, according to a recent site visit.

The sloped site is located just east of East Lake in the 3200 block of Memorial Drive in Decatur, on the south side of the six-lane thoroughfare.

The 44-unit project is called Grand Terraza at Memorial Drive (alternately “Gran Terraza”), according to site plans, renderings, and promotional materials.

The 3265 Memorial Drive site in Belvedere Park, between East Lake and the Interstate 285 Perimeter's easternmost edge. Google Maps

Construction activity at the 44-unit project site this month in DeKalb County's Belvedere Park.Josh Green/Urbanize Atlanta

Grand Terraza will consist of seven separate buildings surrounding an internal park, with several greenspaces dotted throughout. According to the developer, initial plans were altered after Belvedere Park neighbors complained of a lack of visitor parking created by the townhomes along Julian Street, opposite Memorial Drive.

Internal streets were expanded for 23 parking spaces for townhome visitors on special occasions, and Valor Tower also widened Julian Street to 24 feet for more space, as developers have specified.

We’ve reached out this month to Valor Tower for information on a construction timeline and townhome pricing, but inquiries have not been returned.

Norcross-based APC Contractors is building the project.

Valor Tower Real Estate Developments

Plans for an internal greenspace at Grand Terraza. Valor Tower Real Estate Developments

The addition of denser housing types is part of DeKalb County’s overarching plan to revitalize Memorial Drive, a vital commuting corridor linking Stone Mountain to downtown Atlanta.

In the gallery above, find the latest Grand Terraza renderings and photo updates from the block-sized site taken last week.

Site plans for the 44-unit Grand Terraza at Memorial Drive. Valor Tower Real Estate Developments


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