ATLANTA-California-based developer Manley Homes is constructing a $42-million, three-phase condominium project called City Central in South Atlanta.

The project, which had been called Safe Harbor, will include three phases of 120 units each. Construction costs are expected to be $14 million per phase, Charles M. Manley, of Manley Homes, tells GlobeSt.com. The first phase includes two- and three-bedroom units that range in size from 1,090 sf to 1,575 sf. Prices for the units range from the $170,000s to $250,000s. Construction of the second phase will occur after the first phase has been sold, Manley says.

Manley acquired the land for the project, which is between Interstates 75 and 85, in 2000. Since that time, he has witnessed revitalization in the South Atlanta neighborhood which is minutes from Downtown, the new Camp Creek Marketplace and Atlanta Technical College. Manley attributes redevelopment efforts in part because it is one of the only areas left in Metropolitan Atlanta where large tracks of land are available at an attractive price.

"South Central Atlanta has steadily improved since the 1996 Olympics. Just like Grant Park, West End and Summer Hill, it is poised to be the next big redevelopment success in Atlanta," Manley says.

Sales efforts for the first phase have just started with exclusive sales and marketing by locally based Morris & Raper. Manley says presales of the project were not conducted to avoid investor sales. "The area is 100% owner occupied," he says. "That's important for the redevelopment of the area. You get a real sense of community."