The first all-condo building developed in close proximity to the Beltline since the popular Eastside Trail opened five years ago could bring 29 new residences to Old Fourth Ward.
Proposed by Washington D.C.-based developer Capital City Real Estate, “Airline” is expected to be built alongside the Eastside Trail, about a block south of Krog Street Market by Studioplex, at 22 Airline Street.
All other residential communities that have risen since the Eastside Trail took shape have included apartments or townhomes, though condo projects near the Beltline in Reynoldstown (plus a townhome component) and Cabbagetown (where the trail doesn’t yet exist) are in the works.
The O4W venture would be the company’s first foray into the Atlanta market.
Capital City, which partnered with the local Historic District Development Corporation for the project, said its new residences will boast “modern interiors and an industrial exterior that complements the historic industrial look of the booming Old Fourth Ward neighborhood,” according to the firm’s website.
The new dwellings will range from 640 to 1,400 square feet and cost between $300,000 and $600,000 or more, according to the Atlanta Business Chronicle.
A Capital City leader noted in an interview with the newspaper that other condos in the immediate market are about a decade old (at least) and most townhomes are climbing toward $1 million or more. Thus “affordable for-sale options” could meet a pent-up demand, Scott Zimmerman, Capital City’s founding principal and president, told the ABC.
The condo complex will also feature a rooftop hangout replete with a fire pit and an outdoor kitchen, a pet washing station—because who wants a dirty dog in their bathtub?—and bike storage.
Airline’s construction could kick off within the next few weeks, the publication reports, and the homes are slated for a summer 2019 delivery.
- 29-unit condo project planned on Beltline in O4W (Renderings) [Atlanta Business Chronicle]