Evolution in Motion: Formerly Vacant Corner in Atlanta Thoroughly Transformed
In a transformational evolution indicative of Atlanta’s thriving real estate market, a once-vacant corner at the eastern boundary of the city’s Summerhill neighborhood has been totally revamped. The culmination of a lively and ongoing construction project, Ten 5 Summerhill, has reached its “topping out” stage, signaling the completion of the building’s structural components.
A Revitalizing Pedigree
Overseeing this dramatic neighborhood overhaul is a consortium comprising JB Development Partners, Bespoke Developments, and South City Residential, collaborating with Atlanta-based design firm, Xmetrical. Their brainchild, Ten 5 Summerhill, is an innovative vision of 10 modern-style townhomes positioned strategically at the intersection of Georgia Avenue and Martin Street. This section, for over a decade, languished as a vacant 0.3-acre expanse, emblematic of the desolation once pervasive throughout Georgia Avenue.
The Journey from Vacancy to Vibrancy
The physical transformation of the site is nothing short of dramatic. A sprawling loneliness of vacant lots has morphed into a buzzing network of modern townhomes replete with reserved off-street parking hidden from public view. The project promises a refreshing mix of for-sale offerings rather than purely rental properties.
Novel Floorplans and Amenities
Distinguishing Ten 5 Summerhill from comparable projects is its innovative assortment of four-story floorplans that replace conventional garages with street-level studio apartments. Each of the ten townhomes boasts two bedrooms, two full bathrooms, two half-baths, along with a variety of auxiliary indoor spaces, including a top-story “bonus room.”
Complementing its urban-chic architecture is a constellation of grand amenities, featuring a rooftop deck equipped with a wet bar, with some having protective covering. This is all set within a stone’s throw distance from the sprawling 7.3-acre Phoenix II Park, and a block away from Georgia Avenue’s newly minted restaurant and shopping district.
Sign of a Bigger Revitalization
Considering the property’s value trajectory, the townhome site has witnessed a staggering surge from $70,000 in 2013 to $660,000 in 2018, following the exodus of the Braves to Cobb County. Moreover, the transformation of this single site is the microcosm of a larger rejuvenation effort. Georgia Avenue, no longer a picture of abandonment and misfortune, is the locus of a burgeoning portfolio of restaurants, retail, and service-oriented businesses interspersed between revived old buildings and new constructions. These ambitious ventures accompany over 1,200 new residential apartments and townhomes that are either open for business or under construction around Georgia State University’s Center Parc Stadium.
A Wait-and-Watch Scenario
While the project’s official website lists its status as “Coming soon,” keen market watchers reveal that the development is already in the “drywall and tile stage.” The project has apparently generated considerable interest among potential buyers, with presales scheduled to commence by the end of April. Prices are predicted to start from the low $700,000s, though the exact figure remains undisclosed.
Over the years, Atlanta’s property scene has undergone an exciting metamorphosis. The transformation of the Ten 5 Summerhill site is a fitting testament to the city’s unwavering commitment to neighborhood revitalization and the symbiosis of old-world charm and modern production.
