According to the Atlanta Business Chronicle and Fulton County property records, the nearly four-acre site sold for more than $5 million. The land includes the former Atlanta Arts Exchange campus, which was originally constructed as a school.
The "New" Grant Park School, built in 1930 on the site of an earlier school by the same name, will be demolished to allow North Carolina-based Grubb Properties to build 240 apartments, which will complement GlenCastle.
While the new apartments could be a welcome addition to the booming neighborhood, preservationists have had their eye on the project for a year—though from many accounts the building was in very rough shape.
Residents of the new apartments will be just up the hill from Fuqua’s Glenwood Place development as well as the Beltline trail at Bill Kennedy Parkway—when it exists.
- Grubb Properties developing apartments next to former Atlanta Stockade [Atlanta Business Chronicle]
- Old ‘New’ Grant Park school destined for demo? [Curbed Atlanta]
- Atlanta Stockade: redevelopment plan unveiled for Grant Park treasure [Curbed Atlanta]