A commercial property listing described as a “trophy opportunity” with the potential to significantly change an Atlanta Beltline neighborhood is now being circulated, Curbed Atlanta has learned.
For generations, Stein Steel and Supply company has manufactured structural steel and provided fabrication services along the western edges of working-class Reynoldstown.
In 2017, the former rail line next door to Stein Steel reopened as part of the Atlanta Beltline, lending the facility more than 900 feet of frontage along the popular Eastside Trail.
Now, a collective 6.8 acres that includes the steel mill, parking lots, and offices is up for sale, spelling what Cushman and Wakefield brokers call a generational opportunity—and the chance to control a considerable swath of Atlanta’s equivalent of “beachfront” property.
The asking price isn’t specified.
Emails and a phone message to Cushman and Wakefield officials representing the sale weren’t returned. Calls to the steel facility were directed to company president, Bert Stein, who did not respond to an interview request.
It’s unclear how many workers the business employs and what any plans for relocation might be. The company was founded in 1923.
Sources with knowledge of Reynoldstown real estate dealings confirm the Stein Steel listing is both active and recent.
The potential zoning designation—MRC-3—would allow for mixed residential and commercial uses, with height restrictions.
Per the listing, the site’s potential density could exceed 2 million square feet—roughly the size of Ponce City Market.
The steel company has played a role in high-profile construction projects across Atlanta.
Other recent Stein Steel fabrication projects include the Atlanta Hawks new practice facility, a pedestrian bridge spanning Clifton Road at Emory University, and work at Tyler Perry Studios’s phase one at the former Fort McPherson army complex, according to the company’s Facebook page.
The site is just south of another industrial, potentially developable property along the Eastside Trail that makes it look petite in comparison, Hulsey Yard.
Occupying 80 acres between Reynoldstown, Cabbagetown, Inman Park, and Old Fourth Ward, Hulsey Yard was surprisingly emptied of its myriad shipping crates and other materials by owner CSX Transportation last year, prompting fevered speculation about its redevelopment.
Neighbors have worked with architects to craft a master plan for what they’d most like to see developed at Hulsey Yard, but the train company has not offered it for sale—or given any indication when it might become available.