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MIDTOWN—A high-profile Midtown site that Atlanta urbanists and curious locals have been watching for years is showing fresh signs of development potential—just not exactly as previously planned. 

National developer and active intown builder Toll Brothers first revealed plans for developing an apartment tower at 250 14th St. NE back in 2019. The 1.3-acre site is situated about a block from the western edge of Piedmont Park. As designs progressed over the years, Toll Brothers’ tweaked plans for more density became the source of neighborhood ire and a petition against them.

That all could be for naught now. 

Planned rooftops at Toll Brothers' 250 14th Street project, per initial renderings. Toll Brothers, via Midtown Alliance

The site's context as relates to Piedmont Park's western edge.Toll Brothers, via City of Atlanta

An affiliate of Florida-based luxury condo developer Kolter Urban bought the Midtown site last month for $11 million, as the Atlanta Business Chronicle first reported. According to the AJC, Kolter Urban is eyeing the site for another Atlanta condo tower, this one rising about 20 stories and overlooking the city’s marquee greenspace.  

The rare new Midtown condo offering could total between 80 and 110 units on 14th Street, with construction possibly starting in the second quarter of 2027 and prices TBD, per the AJC. 

Kolter Urban previously struck condo gold in Buckhead with two upscale Peachtree Road towers that quickly sold almost all units: The 22-story Graydon tower and 18-story sister project Dillon Buckhead.  

The company is also currently moving forward with a third Atlanta building near Buckhead Village. Condos at that 20-story project, Elyse Buckhead, start in the mid-$900,000s.  

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DECATUR—Residential growth around Decatur is poised to continue at an assemblage of 10 properties within an easy walk of Your DeKalb Farmers Market, where 46 three-story townhomes are in the pipeline. 

Decaturish reports the ownership team behind East Decatur Station and other properties, along with Blue River Development, has filed for rezoning of 4.1 acres fronting 3128 and 3156 E. Ponce de Leon Ave. in Scottdale. Plans for the for-sale units call for a centralized greenspace and rear-entry garages. In October, the DeKalb Planning Commission unanimously approved a sketch plat for the townhome venture. 

The proposed Scottdale townhome site (in red) at 3128 and 3156 E. Ponce de Leon Ave., with downtown Avondale Estates shown at bottom. Google Maps

No word on pricing or a potential groundbreaking. But one goal, per developers, is to make the project feel like a natural gridded part of the community. 

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CITYWIDE—A $75-million allocation of New Market Tax Credit funding, courtesy of the U.S. Department of the Treasury’s CDFI Fund, could have a significant impact in helping key Atlanta development projects get off the ground in 2026, officials announced this week. 

The federal funding will be channeled to Atlanta Emerging Markets Inc., a subsidiary of Invest Atlanta, marking AEMI’s largest allocation ever and the second highest in Georgia for the current award cycle. 

The NMTC allocation will allow AEMI to provide accessible financing to projects in the City of Atlanta, valued at $5 million or more, that are “creating strong social impacts but have a funding gap or might otherwise struggle to secure traditional capital,” per city officials. The focus will be on private investment flowing into “historically underserved communities to support accessible job creation and provide neighborhoods with critical resources and services, including affordable housing development and small business growth.”

Nonprofits, mission-driven businesses, and organizations must be located in eligible U.S. Census tracts, and the NMTC funding can finance the purchase of new equipment, construction of new facilities, and working capital. It can also be layered with other city economic development tools, including Tax Allocation District funding, to spur development in under-invested areas, per officials. 

In Atlanta, AEMI since 2022 has lent a hand to more than 85,000 city residents, including 17,600 children, via social impact investments, said Eloisa Klementich, president and CEO of Invest Atlanta and an AEMI Board member, in a recent announcement. 

“The size of this [current] award,” said Klementich, “and being one of only four entities in the state to receive an allocation this round is a testament to AEMI’s continued impact on people’s lives is our underserved communities.”

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