After years of moldering in the Great Recession’s wake, a highly visible parcel on Cabbagetown’s Memorial Drive will soon be ready for residents, according to developers.
Dubbed 764 Memorial, the ITP Development Partners project is set to deliver 24 condos—a rarity for the neighborhood—and five townhomes in late March and mid-April, respectively.
The development was projected to be move-in-ready this month, but December rain caused construction delays, officials tell Curbed Atlanta.
According to a spokesperson for Ansley Developer Services, the sales and marketing team, the units have been selling like proverbial hotcakes.
Back in March 2018, before construction had even begun, half of the condos were already sold.
Construction launched last fall, and today, three townhomes and just one condo remain on the market, officials said this week.
The townhomes still up for grabs start at about $570,000, and the last condo is going for roughly $275,000.
Each townhome will boast a rooftop terrace, three bedrooms, and three-and-a-half baths and span about 2,100 square feet.
The new development sits just east of historic Oakland Cemetery, catty-corner to the Atlanta Dairies adaptive-reuse project site, and across the street from where Modera Reynoldstown is expected to stand.
Beltline officials last month said the Eastside Trail’s extension to Memorial Drive is almost entirely constructed, though a planned entrance at the busy thoroughfare was awaiting permits.