An infill project that’s replacing vacant lots in the heart of East Atlanta Village is officially moving forward, albeit a year later than initially expected.

Atlanta-based Pellerin Real Estate, a firm best known for the Beacon warehouse redevelopment in Grant Park, has broken ground on a boutique mixed-use venture at a 462 Flat Shoals Avenue site immediately north of Argosy restaurant and bar.

The four-story project marks the sixth in EAV for Pellerin. According to revised renderings, the apartments-over-retail concept has simplified designs versus the more retro, brick-clad building initially planned.

Retooled designs for the mixed-use building's facade over Flat Shoals Avenue. Pellerin Real Estate; designs, TSW architects; via LoopNet

The size of the building, however, appears unchanged. Pellerin’s plans call for 37 apartments, ranging from studios to two-bedrooms, atop roughly 5,000 square feet of retail space along Flat Shoals, all screening a new parking lot in back. The main façade will be bookended by balconies, according to plans drawn up by TSW architects.

Plans initially called for breaking ground in summer 2022. Pellerin’s principal, Philippe Pellerin, told Urbanize Atlanta last year the company was facing “many headwinds” and taking the winter to refine the project’s design, obtain necessary permits, and finalize pricing. Pellerin hasn’t responded to email inquiries for updates this week.

According to a LoopNet listing, the project is actively seeking restaurant and retail tenants and expects to deliver in fall 2024.

The .65-acre site includes 160 feet of frontage along Flat Shoals. An opening in the building’s façade on that street would be the entry point for parking behind it.

Site work along Flat Shoals Avenue today. Josh Green/Urbanize Atlanta

The site plan with parking behind the building at 456/462 Flat Shoals Avenue. Pellerin Real Estate; designs, TSW architects

The Flat Shoals project would continue an influx of real estate investment across EAV that’s seen multiple storefronts and lots transformed, as more than 70 townhomes have popped up in three separate projects, claiming mostly underused or vacant properties in recent years.

Pellerin’s projects elsewhere in EAV have remade numerous properties along nearby Glenwood Avenue. Those include Southern Feed Store, a six-stall food hall concept that overhauled longtime EAV destination Graveyard Tavern. The developer also finished construction last year on a three-story, mixed-use project called The Marbut, next to Hippin Hops Brewery and Oyster Bar. It includes 6,000 square feet of ground-floor commercial spaces, topped by 21 one-bedroom apartments.

Other Pellerin projects in EAV include three revitalized storefronts on Glenwood Avenue where OxFit gym, OxWork business club, and a fusion coffee shop concept by The Victorian plant purveyor and Bellwood Coffee have opened.

Swing up to the gallery for more 456/462 Flat Shoals Avenue context and images.


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