With talk of relaxed interest rates and boundless prosperity (not really) on the horizon, 2024 holds promise of being an interesting time in the arena of real estate development.
Naturally, the City of Atlanta is positioned to be in the thick of it.
With so much happening in so many corners of the metro, it’s tough to whittle down, but below are a half-dozen picks for development stories that should play out in fascinating ways across this brand new year.
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6. Westside’s rise
How tiered greenspace neighbors Echo Street West’s main timber-built office building.
After several pandemic and post-pandemic years that saw a flurry of new construction, Westside neighborhoods such as English Avenue show promise of becoming more vibrant with jobs, housing options, and a budding restaurant scene this year.
With construction on its first phase in the books, Echo Street West aims to open its first three retailers this spring, to complement its Westside Motor Lounge and 292-unit Vibe apartments. A few blocks away, the Modera Westside Trail project is fully under development, with another almost 400 units in the pipeline. And come March, the first move-ins are expected to commence at Science Square’s new residential tower.
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5. Buckhead Village growth spurt
Should developers’ plans come to fruition, Buckhead Village will look like a mini version of Midtown’s crane nest in coming months.
Chicago-based developer CA Ventures has erected cranes for a 22-story building with nearly 500 luxury apartments on East Paces Ferry Road. Across the street, another company based in greater Chicago, Harbor Bay Ventures, is advancing plans for a 20-story, mixed-use tower that would claim an empty lot and be partially constructed of mass timber.
About a block south of that site, New York-based Tidal Real Estate Partners plans to build a 21-story project that would consume nearly a full block of the village. All low-rise properties at that…
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