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.
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.
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.
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