The residential boom that’s transformed idle and underused properties near Georgia Avenue into duplexes, townhomes, and more than 1,000 new apartments is making its way east.
Situated on the eastern edge of Summerhill’s growing dining and shopping district (home to a new elm-laden beer garden and, uh, Chase Bank), a modern-style townhome project called Ten 5 Summerhill has begun vertical construction.
The 10 townhomes designed by Atlanta’s Xmetrical firm are taking shape at the southwest corner of Georgia Avenue’s intersection with Martin Street. For well over a decade, the .3-acre site was vacant, as almost all buildings on Georgia Avenue used to be.
The location is across the street from Phoenix II Park, a 7.3-acre community greenspace, and a block east of Georgia Avenue’s new slate of restaurants and other businesses.
Building permit records indicate the site is owned by Intown Builders, a frequent Xmetrical collaborator. The developer had previously planned a six-story, 21-unit condo building at the corner property with commercial spaces at street level, but those plans were later nixed.
The townhome site in question sold for $660,000 in 2018—just two years after it had traded for $168,000, according to property records.
In 2013, the property went for $70,000, which speaks to the area’s cachet since the Braves decamped to Cobb County and the post-recession intown market took off.
Georgia Avenue has added a full portfolio of restaurants, retail, and service-related businesses as part of Carter’s Summerhill development, with more food and drink options on the way. Those businesses join more than 1,200 new apartments and townhomes that have opened, or are under construction now, in the blocks surrounding Georgia State University’s Center Parc Stadium.
...
Follow us on social media:
• Summerhill news, discussion (Urbanize Atlanta)