No building with for-sale condos has come together directly on the BeltLine’s Eastside Trail since the Great Recession, but that’s clearly starting to change.
Just up the trail from Ponce City Market, on a lot behind Midtown’s Home Depot, Capital City Real Estate has been working to develop 42 luxury condos in a building called The Roycraft for nearly three years.
Ground finally broke last spring, and the .4-acre site has been razed down to a blank slate now. The property included a single-story, formerly industrial building with live-work space and some retail.
Thousands of apartments and townhomes have cropped up along the Eastside Trail corridor, but not since the circa-2008 Grinnell Lofts building in Inman Park have for-sale condos taken shape directly on the trail. Capital City is at the forefront of efforts to change that.
At the Roycraft, the building’s name nods to Virginia-Highland’s Craftsman-style architecture and the location’s former name, Roy Street.
The cheapest options—539-square-foot studio units price at $329,900—have already sold.
Ditto for the priciest unit of the bunch: a two-story penthouse with three bedrooms in 1,780 square feet, listed for $1.22 million, according to Roycraft marketing materials.
Prices for remaining units show quite a range, starting from $429,900 for a one-bedroom, one and ½-bathroom condo in 884 square feet.
The most expensive unclaimed option seeks $1.1 million for what’s actually a two-bedroom but has a full roof terrace on a separate story, and 1,579 square feet. (Monthly HOA fees: $656).
Listed amenities include a pet spa, bike storage, a two-story club lounge, and remote concierge services. Like many boutique buildings, the Roycraft will lack a pool, but the location’s 91 Walk Score could help atone.
In early 2019, Roycraft's six-story plans caused a kerfuffle with some Va-Hi neighbors who felt the project clashed with the goals of City of Atlanta’s Comprehensive Development Plan, the Beltline’s Subarea 6 masterplan, and the Virginia-Highland Masterplan.
The city’s Zoning Review Board, however, clearly sided with Capital City in the end.
Capital City has said the Roycraft condos could start delivering next year.
Bullish on the BeltLine, the Washington D.C.-based developer has also built the Flats at the Indie condo complex, situated just off the trail in Old Fourth Ward.
Next door to that project, Capital City is building a 12-story venture called The Indie where the BeltLine meets Edgewood Avenue. Development heads previously told Urbanize Atlanta those 91 condos are scheduled to deliver in September.
• BeltLine's first new condo building in forever is starting to sell (Urbanize Atlanta)