The $65 million, 282 unit condo project off Windy Ridge Parkway Horizon at Wildwood has announced that it’s going into foreclosure.
The 17-story tower opened in early 2007 but only sold about 40% of the units.
Grove Street Partners is planning a mixed use development in the Galleria area. It won’t be quite as tall as Park Vinings, but it will be right across the street from it.
This new project will consist of two towers. The first will be an 18 story tower with 350,000 square feet of office space. The second tower will be 15 stories tall and consist of an upscale 200 room hotel with 50 condos on top. Also included in this, yet unnamed, project will be 1,000 underground parking spaces and ground level retail and restaurant spaces.
Expect the project to break ground in the fall on 2008.
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I often drive through neighborhoods, where my clients are thinking of buying a house, to get a feel the neighborhood. I like to look at traffic in the morning and evening, how residents keep their lawns and upkeep their homes. I will also, on occasion, get out and speak to a few of the home owners in the neighborhood. Do you want to know one of the complaints I hear a lot? “There’s always 8 cars parked outside.”, or “There are 10 people living in that house.”
When a home turns into a boarding house it can detract from the neighborhood in many ways. It can congest traffic, increase noise, cause a buyer to not choose your home that’s for sale and sometimes just flat out lower your property value. Well, the Cobb County Commissioners just voted to cut down on these crowded houses.
Under the new law, no more than 6 people can live under one roof. And more importantly, one one person per 390 square feet is allowed to live in any house. That means no more than 4 people could live in a 1,600 square foot house.
The Cobb County Board of Commissioners approved a plan to build two
“Planning is under way by Grove Street Partners LLC for an as-yet-unnamed office/residential/retail project on a tract bounded by Interstate 75, Akers Mill Road and Cobb Galleria Parkway. Located adjacent to and just south of the $145 million Cobb Energy Performing Arts Centre, set to open in September, the project is envisioned to include a 15-story, 350-000-square-foot office tower; an 18-story combination 200-room hotel and 38-unit residential condominium tower; a roughly 1,000-space underground parking facility; and amenity retail stores and restaurants.”
Earth has been moved and smoothed and construction has begun at Historic Vinings’ newest
There will be 20,000 square feet of retail space and 30,000 square feet of office space. Of the 20,000 square feet of retail space, 6,000 to 7,000 will be set aside for restaurant space.
“The one-, two- and three-bedroom condos range in size from 900 sf to 2,000 sf and will be located in three mid-rise buildings. The three- and four-bedroom townhomes will range in size from 2,400 to 4,600 sf.”
The office and retail portion should be completed in the first quarter of 2008. The residential should be done in the second quarter of 2008. Pre-sales should start later this year. If you would like to be kept up to date on progress of Vinings Main for the purposes of purchasing a townhome or condo, please use the contact form or give me a call.
There has been a lot of talk about re-developing the
When more information becomes available on Jonquil Village I will let you know.
After I wrote my post earlier about
There are 167 foreclosed homes on the market right now. They range in price from $57,900 to $1,100,000. If you would like to see this list and/or be kept up to date on Cobb County foreclosures, when they hit the market, please let me know by using the contact form.
Between July of 2001 and July of 2006
Where are the hotspots for foreclosures in Cobb County? Mableton is one of them. So is Austell, Powder Springs and three zip codes in Marietta, 30066, 30064 and 30008.
This problem is only going to get worse in the months to come. With the abundance of ARM’s and interest only loans in existence, and the rising interest rates, homeowners with the loan packages are seeing monthly payments soar. And when these short term notes reach the end of their terms, some homeowners won’t be able to afford to refinance due to the higher interest rates.
Back in December of last year I spoke about the new mixed use development near Marietta Square that had just passed through the Marietta City Council. Well now it looks like the old Clay Homes site will soon begin redevelopment.
The new Marietta
Prices in Meeting Park are estimated to start in the $200,000’s and go as high as the $600,000’s.
Please feel free to ask any questions about Meeting Park or any other area of Marietta real estate by using the comment fields on this blog or by calling me at any time. You can find many ways to reach me by using the contact form.
The one- and two-story homes at The Lake at Victoria Falls will be individually crafted to suit each homeowner’s desires. In addition to beautiful lake views, the homes will sit on large ¾ acre lots, offering even more privacy.
Homeowners can choose from a variety of home plans, all of which offer impressive architectural styles. Many of the homes will offer basements and three-car garages. The homes will incorporate all of the latest design features including custom kitchens, keeping rooms, covered back porches, media rooms, and mud rooms off the garages or laundry rooms.
Taking full advantage of the private lake on the community, all homeowners will have direct access to the lake as well as a community area where they can picnic or gather with friends. In addition, there will be a gazebo and waterfall.
Children attend Ford Elementary, Durham Middle and Harrison High schools.
If you would like more information about The Lake at Victoria Falls or have any questions about any of your West Cobb real estate needs, please use the contact page to find many ways to get in touch with me.
Knox Bardeen
(678) 471-7612
