On Memorial Drive, townhomes from the mid-$200Ks have reached the market

Due east of downtown Atlanta, Memorial Drive’s metamorphosis is producing hundreds of new residences, including townhomes near the borders of Kirkwood and East Lake with prices that might seem very 2012.

The initial wave of townhouses at a project now simply called “The Moderns” has listed, with some offerings priced at $252,000 or cheaper.

When finished, The Moderns will be a relatively large community of 62 contemporary homes, with rooftop decks, fenced yards, rear-access garages, and what’s described as “stunning finishes.” (Listings carry no actual photos yet).

Since the project’s groundbreaking, developers have said a portion of the residences will be reserved as workforce housing, and a two-bedroom, two and a half bathroom option listed this week would appear to qualify.

It tallies 2,050 square feet, which breaks down to $122 per square foot—a fraction of what townhomes are fetching in piping-hot places such as Old Fourth Ward.

A previously listed batch of two-bedrooms, priced at $243,000, all appear to be under contract.

The site, across the street from Kirkwood’s southeastern fringes, is in the incorporated DeKalb County neighborhood Parkview, where a flurry of single-family residential construction has been blipping the radar the past couple of years.

The locale is described in the listing as “the convergence of Kirkwood, East Lake and East Atlanta,” amid a “plethora of entertainment, dining, and shopping options.”

Architectural firm TSW designed the project, and Cablik Enterprises—the group behind other modern multifamily builds around town, including nearby townhouses at Edgewood’s MARTA station—is constructing it.

A formerly underground creek on the site was brought back to the surface as an amenity feature, officials previously told Curbed Atlanta.

Larger units at the project, meanwhile, are knocking at the door of a half-million bucks.

• 2029 Memorial Drive, Unit 13 [Atlanta Fine Homes Sotheby’s]