by Randy G. Gibbs
With the alleged “death of sprawl”, and the City slowly (but surely) embracing mass-transit, southeast Atlanta neighborhoods like Ormewood Park, Glenwood, and Grant Park are well-positioned to prosper for years to come! For starters, the Atlanta BeltLine will greatly enhance the connectivity and greenspace of these southeast Atlanta communities by installing 2.24 miles of multi-use trails and transit, and 121.5 acres of new parks. As it is, our portion of the BeltLine is quite serene – especially if you enjoy walking through nature on a beautiful day, but these improvements will certainly add tremendous value to our neighborhoods.
Speaking of walkability, Glenwood is the quintessential “WalkUP”. A term recently coined by urban studies expert Charles Leinberger, the dense, newly crafted community not only contains a diverse selection of housing types – single-family, townhomes, condos, and apartments – but is also convenient to a variety of retail outlets and restaurants as well. From the cute, little coffee shop The Drip, to Kevin Gillespie’s world famous Gun Show, Glenwood can serve up any dish or drink anyone could ask for. And with the playground, and bocce ball court, and fountain – Glenwood easily transitions from your comfy “living” space to your favorite “playing” space within just a few steps!
Not to be outdone, the Grant Park community will soon benefit from the forthcoming development of the Martin Luther King, Jr./Oakland Cemetery MARTA Station 4.4 acre parking lot. Walton Communities will lead the development, adding 386 apartment units and 13,000 square feet of new retail to the area. Already “bike-able” to downtown’s amenities, the northern portion of Grant Park has seen an increase in development activity as a result of MARTA’s efforts. For example, The Lenny’s dive bar was taken down, and will be replaced by a 64-unit boutique apartment community familiarly named “The Leonard”. Attractive to the transit-oriented, young professionals, Grant Park’s northern end – much like most of southeast Atlanta – is destined for a sustained boom indeed!
The informed growth and development of these neighborhoods gives reason to believe in the continued prosperity of intown southeast Atlanta communities. So, what is the forecast for Ormewood Park, Glenwood, and Grant Park? In my expert opinion, and upon completion of the aforementioned projections – I see nothing but sunshine!
Number of Detached Home Sales (Jan. 1st – Jun. 26th, 2014): 215
Avg. Detached Home Sales Price (Jan. 1st – Jun. 26th, 2014): $264,645
Avg. Days on Market: 46 Days
Number of Condo/Townhome Sales (Jan. 1st – Jun. 26th, 2014): 25
Avg. Condo/Townhome Home Sales Price: $179,447
Avg. Days on Market: 36 Days
Source: FMLS.com
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