A collection of buildings in the center of one leafy Southwest Atlanta neighborhood is set for a refresh that new owners say is in line with changing times.
Developer Anvil RE completed the purchase this week of Sylvan Hill Plaza, the only commercially zoned buildings in the center of historic Sylvan Hills, officials tell Urbanize Atlanta.
The company had bought the bulk of the plaza last August, and on Monday added an adjacent property at 1709 Sylvan Road, for a total of six retail buildings. All properties were acquired off-market.
The plaza is mostly occupied now, and the neighborhood, located less than a mile from the BeltLine’s Southside Trail corridor, is in a state of what Anvil RE describes as “transitioning.”
“[The] community… is undergoing a significant influx of residential investment,” said Jake Nawrocki, Anvil RE’s founder, who formed the company in 2020 after helping Newport lead the acquisition of four dozen buildings in South Downtown. “We plan to invest and reposition these buildings to bring community-serving businesses to the heart of historic Sylvan Hills.”
Anvil RE plans to work with the Local Architects firm and neighborhood groups to finalize a vision for the plaza, said company cofounder Taylor Lanier.
“We plan to establish dialogue with the Sylvan Hills Neighborhood Association to understand the needs of this transforming neighborhood,” said Lanier in a prepared statement. “Our business plan has budgeted for significant investment in each building, as well as overall property aesthetics.”
When asked about the current state of plaza leasing, and the outlook for current tenants, Lanier replied via email: “The current tenants include ministries, a cafe (Everythang Nola), which has a loyal following serving New Orleans food and Snowballs, a hair salon, a food mart, and T-shirt printing shop,” Lanier wrote. “It is mostly occupied at this time, and our plan is to ensure that these spaces serve the transforming neighborhood.”
Anvil RE was founded with a goal to acquire and reposition neighborhood-serving offices, retail centers, and street retail assets, per company leaders.
Elsewhere in the metro, within the past year and ½, Anvil RE bought another 22,000 square feet of retail in the center of Tucker, at 2316 Main Street. The goal there, per the company, is to capitalize on the under-construction Tucker PATH trail and adjacent greenspace.
Find more context regarding Sylvan Hills in the gallery above.
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