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'24 forecast where Moreland meets Memorial: townhomes galore (atlanta.urbanize.city)

submitted 9 months ago by UrbanizeAtlNewsBot@yall.theatl.social to c/atlantanews@yall.theatl.social

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'24 forecast where Moreland meets Memorial: townhomes galore Josh Green Thu, 01/04/2024 - 13:17 While it’s still early, the 2024 forecast calls for a mini residential boom of townhomes by the same builder along two busy intown streets, with two projects within steps of each other but in two different neighborhoods—and two separate Georgia counties.

Both Madison Park-branded projects are currently being built by Atlanta-based JackBilt Development, the firm behind other eastside projects on (or near) the Memorial Drive corridor including The Warren in Kirkwood, Warren South in Parkview, and Ell Square in East Lake.

In Reynoldstown (and Fulton County), the 16-townhome Madison Park project continued construction over the holidays on a new flank fronting Moreland Avenue. It replaces a long-vacant church demolished on site in 2022.

New fencing installed between the two townhome rows and the Eastside Trolley Trail, a multi-use BeltLine connection. Josh Green/Urbanize Atlanta

Inside the first finished units at Madison Park, all three-bedroom options that start from $499,000. Courtesy of Atlanta Fine Homes Sotheby's International Realty

Allen Snow, an Atlanta Fine Homes Sotheby’s International Realty associate broker representing the townhomes, tells Urbanize Atlanta three townhomes have sold in the project’s rear building, with a model home now open for tours.

All options have three bedrooms, two and ½ bathrooms, two-car garages, and small backyards.

Current listings are priced from $499,900 to $585,000, depending where they stand in the site plan. At that price, all of them are the cheapest non-condo living options being offered in Reynoldstown at the moment.

Listing services peg the square footages at 1,797, while monthly HOA fees are listed as $275. Buyer incentives are currently listed as free refrigerators and $20,000 seller credits with some units.

According to Snow, the front building under construction now will see the same floorplans but with full rooftop decks—with higher prices in the $600,000s.

The site is located just north of Memorial Drive, near the northwest corner of Moreland Avenue and Arkwright Place. The new Eastside Trolley Trail, a multi-use PATH Foundation project between (almost) the BeltLine and Kirkwood, neighbors the new townhomes. The project continues Atlanta’s trend in recent years of repurposing or demolishing outdated or derelict church properties for more housing.

New construction fronting Moreland Avenue's sidewalks. Josh Green/Urbanize Atlanta

Small greenspaces tucked behind the first row of Madison Park units. Courtesy of Atlanta Fine Homes Sotheby's International Realty

Meanwhile, in Edgewood and DeKalb County, a sister, 18-townhome JackBilt project is coming together a couple of blocks away on Memorial Drive.

Snow says the first townhomes at what’s called Madison Park South are nearing completion now. Floorplans in three of the four buildings call for either two or three bedrooms and rooftop decks.

Prices in Edgewood so far range from $579,000 to $674,000.

Previously vacant, Madison Park South’s .8-acre site is situated just east of Moreland Avenue, along the south side of Memorial. Both townhome projects were designed by McMillan Pazdan Smith Architecture.

In the gallery above, find the first inside look at Madison Park units and more context for both eastside projects.

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