As with sites in Reynoldstown, Kirkwood, and beyond, Atlanta’s condo comeback is showing more signs of continuing along a commercial corridor south of development hotspots East Atlanta and Ormewood Park.
Like 18 for-sale lofts bound for Woodland Hills’s United Avenue, with prices from $199,900 to the mid-$300,000s, a new condo concept was unveiled to Curbed Atlanta this week for the city’s southeast side.
A few blocks south of those lofts, in the Custer/McDonough/Guice neighborhood, a 29-unit condo development called Moreland Walk is set to break ground in the next two or three months, says Mike Toltzis of marketers SET Real Estate Group.
The Custer Avenue project by Royal Oak Development would consist of 29 condos starting in the low $200,000s for one-bedroom, one-bathroom units.
Seventeen two-bedroom, two-baths condos are also planned at the property tucked off Moreland Avenue.
“Some of the units will have skyline views of the city,” Toltzis noted in an email to Curbed Atlanta.
The property’s billed as being walkable to The Beacon in Grant Park, via the Beltline’s Southside Trail, with attractions like Starlight Drive-In and Kroger nearby.
All condos are expected to have “European modern flare” with walk-in closets, balconies, laundry rooms, and a designated parking space.
Expect a dog park and communal green space outside, Toltzis said.
“There is currently no inventory within a half-mile of the development under $275,000,” Toltzis noted in an email. “[Plans call for] delivering a product that is affordable to all, compared to the surrounding areas.
“[It’s] virtually impossible to find a two-bedroom brand new condo for under $300,000 intown,” he continued, “and Moreland Walk will be able to deliver this product.”
The project’s expected to finish in summer 2021.