17-Acre brownfield redevelopment is the latest in investment sparked by the Beltline.
RocaPoint Partners – the development group behind Halycon, a mixed-use development slated for Forsyth – has announced plans to redevelop a 17 acre property in Boulevard Heights, according to Curbed.
The developer plans to break ground soon at Confederate and Avondale avenues.
The residential development will be a brownfield redevelopment project near the Beltline‘s planned Southside Trail. RocaPoint began land remediation in 2013 for Phase 1 of the project, which will include 120 townhomes by Edward Andrews Homes. Pricing for Phase 1 units will “likely” start around $280,000, according to a press release.
Once remediation is complete for the next phase, that will include 200 apartments, a 3-acre public green space and a path connecting to the Beltline.
Patrick Leonard, principal of RocaPoint Partners, is a huge fan of the Beltline: “To be associated with the BeltLine is a huge deal in Atlanta, and people are excited to live on, and therefore develop near, the trails. It has encouraged walkability, promoted a healthy lifestyle and addressed environmental issues, and we want this community to weave seamlessly into that culture.”
A brownfield site, acccording to the Environmental Protection Agency, is a real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Over 123 acres have been enrolled in Georgia’s brownfield program.
Developing…
Editor’s note: This post originally stated that the project would be in Grant Park. Corrections were made 4:39 PM on 2/5/2016.
Edits about pricing and the quote from the developer were added 2/9/2016.
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