Brewer's Green Street Properties Inc. is developing Glenwood Park on the site of a former concrete recycling plant near Interstate 20 and the Glenwood-Memorial Connector. The first homes and shops are tentatively scheduled to open in first quarter 2004.

Brewer couldn't be reached at GlobeSt.com's publication deadline. But area brokers familiar with the former Internet entrepreneur tell GlobeSt.com Brewer envisions Glenwood Park as a new category of city neighborhoods, one in which residents, office workers, cyclists and shoppers will be able to navigate on narrower streets with slower vehicular traffic. Brewer is investing an undisclosed amount of his own money, reportedly in the millions, into the project.

Initial asking prices for the single-family detached homes are expected to range from $265,000 to $500,000. The townhomes may be marketed from $150,000 to the $400,000-plus level. Condominiums will be in the $120,000 to $200,000-plus range. Much of the housing will be developed over retail and office properties.

Brewer is chairman of Green Street Properties; Katharine Kelley is president. He isn't alone in spotting niches among in town locations. A new multifamily-single-family boom is surfacing among neighborhoods surrounding Atlanta's Old Fourth Ward submarket, area brokers and construction industry estimators tell GlobeSt.com.

Among the newer projects are Perennial Properties' eight-acre Highland Walk, a multifamily/retail venture that will have 350 apartments and about five retail establishments at North Highland and Sampson Street; Capitol Development Corp.'s Auburn Glenn, a 271-unit apartment complex with either a public library or commercial space at Boulevard and Edgewood Streets;

Southeast Capital Partners' Blue Circle project of 235 apartments and 67 condos at Ralph McGill Boulevard and Ensley Street; Realty Development Corp.'s CityView undertaking of 202 apartments, 56 condos and a CVS drug store at Highland and Boulevard near the Freedom Parkway entrance; and Historic District Development Corp.'s Dynamic Metals Lofts of 41 condos and nine storefront at Edgewood Avenue and Randolph Street.

Historic District Development Corp. was founded in 1980 by Coretta Scott King, the window of Martin Luther King. A memorial to the slain civil rights leader highlights the center of the Old Fourth Ward.