MARTA CEO Keith Parker said Spoke, the $40 million privately funded mixed-use development at the Edgewood/Candler Park station, reflects the system’s reinvention and commitment to better service. Atlanta based development firm Columbia Ventures will lease underused parking lots at the station and develop a mix of 224 apartments, retail, restaurants, a park and a performing arts center.
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Source: AJC >>
A program by MARTA to encourage development on land outside some of its rail stations is taking a big step forward.
Atlanta-based…
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Source: AJC >>
New data from commercial real estate services company Cushman & Wakefield suggests apartment projects closest to existing MARTA stations are showing stronger rent growth and lower vacancies than the overall market in both in town and suburban areas. The average rent premium of apartment units near the transit stations is 9.8 percent. Office properties are also benefiting, though seeing less dramatic rent premiums of nearly 1 percent. Vacancy rates were also generally falling at properties closest to the MARTA stations, according to Cushman & Wakefield…
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Source: Curbed: Atlanta >>
