A distinctive townhome row in Virginia-Highland is coming to market now as the latest example of Atlanta developers keeping prices at what they were promised to be—if not a little less, even.
Predicted earlier this year to start at roughly $950,000, the smaller townhome options at The Milo on Ponce project have instead listed in recent days at $895,000.
Granted, that’s no BlueLight Special, but it marks a change over instances of developers gradually—if not drastically—marking up townhome prices throughout planning and construction phases, sometimes by hundreds of thousands of dollars.
The work of Decatur-based Office of Design and Hudson Development, The Milo is rising at 910 Ponce de Leon Avenue, near John Lewis Freedom Parkway, where a two-story brick apartment building that formerly housed Open Door Shelter was razed.
A mix of six luxury units beneath a sawtoothed roof and two conjoined “urban villas” with a butterfly roof, The Milo is marketed as the “opportunity of a generation” to live “an elevated lifestyle” on “one of the few remaining undeveloped parcels in Virginia-Highland.”
The community will be gated, and each four-level offering will have two-car garages that appear to be a little tight in renderings. As in, vehicle entry à la the Dukes of Hazzard might be required.
The first of the urban villas listed (four bedrooms, three bathrooms, 2,371 square feet) is asking $895,000, while the larger sawtooth units (four bedrooms, three and a half bathrooms, 3,057 square feet) aim to fetch $925,000, per listings.
Amenities include a couple of guest parking spots and what appears to be a communal lawn with fire pit. Rooftop “sky lounges” with skyline views, wet bars, half-bathrooms, and fireplaces come standard.
Have a look a fresh interior renderings below.
- The Milo on Ponce [site]