From the Tudor-style neighborhoods of Avondale Estates to the stoic corridors of the King Center, from young Brookhaven to historic Candler Park, developers are spending millions of dollars and swallowing up dozens of acres at or near MARTA stations.
It marks a shift in Atlanta development as companies look to save money and attract key workers by building offices and homes near transportation hubs.
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Source: The Atlanta Journal-Constitution >>
MARTA, the transit authority for metro Atlanta, is quietly becoming a player in the real estate world, and it has its excess parking to thank. In the past few months, the agency has pushed forward with plans to develop under-used parking lots at three stations—King Memorial, Avondale, and Edgewood/Candler Park—into mixed-use commercial and residential buildings. And MARTA expects to secure at least two more such deals by early next year.
MARTA is again pushing forward in its efforts to maximize the potential of its intown parking lots. Columbia Ventures, a developer with roots in the Edgewood neighborhood, will build a mixed-use node on a five-acre parcel surrounding the Edgewood-Candler Park MARTA Station, Invest Atlanta announced today. The economic development authority issued a request for proposals in March, after identifying the Edgewood-Candler Park Station as one of 10 MARTA transit hubs ripe for redevelopment. Columbia Ventures’ experience of building in Edgewood apparently went a long way; the company has built more than 400 housing units across Edgewood — including senior housing, market-rate housing,
affordable housing and townhomes — over the last decade.
