Days could be numbered for a permitted parking lot up the hill from Ponce City Market.
Developers are moving forward with Old Fourth Ward’s latest condominium venture on a deep Ponce de Leon Avenue site where a bar was shut down prior to the recession, a project rep confirmed this week.
According to signage at the site, which borders Mister Car Wash, the project is named The Leon (or The Leon Ponce), and prices will range from the $300,000s to more than $1 million.
Other marketing materials indicate the building will bring 46 condos (one to three bedrooms) all “perfectly positioned less than a block away from Ponce City Market and the Eastside Beltline Trail.” Design specs are being finalized now.
Developers have been unavailable this week to provide more information, including details pertaining to project timeline and scope, but we’ll post any updates that come.
City records show no permitting activity at the site, which was two parcels sold together, according to a LoopNet posting in 2014.
A source says the development team is led by Dave Radlmann of Urban Eco Group, whose past projects include the construction management of Glenwood Park and Lindbergh Plaza. Radlmann and partners bought the site in 2016—for $1.3 million, per property records—and have since leased it to Ponce City Market for monthly parking, we’re told.
The site’s last active occupant was the controversial Phoenix bar.
City officials revoked the Phoenix’s liquor license in 2005, following complaints that it had devolved into a hotbed of prostitution and other illicit activities, The Southern Voice reported in 2006. The bar’s building was later razed.
The Phoenix had operated in that location for 17 years, Creative Loafing reported.
Now, the Leon project would join thousands of new Old Fourth Ward apartments developed in recent years but only a handful of condo offerings.
Others in the neighborhood include the under-construction, 29-unit Airline condo building near Krog Street Market, where prices are also expected to begin in the $300,000s.
That venture by Washington D.C.-based developer Capital City Real Estate is poised to be the Eastside Trail’s first all-condo new building.
Elsewhere, at the cusp of Historic Fourth Ward Park, a 21-story proposal that’s riled neighbors calls for luxury condos starting at $1 million.