X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Two mixed-use ventures are expected to break ground in 2003 as metro Atlanta’s commercial development markets look for a gradual upturn from a lackluster 2002. Otter Construction & Realty Co. anticipates a tentative mid-year start on a 94-unit, condo, townhome and single-family project on the Soque River in Clarkesville, GA, about 60 miles northeast of Downtown Atlanta.

Meanwhile, local developer Steve Nygren plans to start his 14-townhome project next year near Palmetto, GA. The undertaking is planned for 150,000 sf of retail and 75,000 sf of office. The 225-acre site is off Atlanta Newnan Road near Hutcheson Ferry Road.

The Otter development will have 24 condos, 20 townhomes and 50 lots reserved for single-family homes. The products will be marketed primarily to the active retired adult sector, according to a published report. An adjacent 279,000-sf property will be developed for retail and recreational use. Otter Construction officials and Nygren couldn’t be reached at GlobeSt.com’s publication deadline.

In separate news, developer Rick Skelton has revived the fortunes of the 72-year-old, 16-story William-Oliver Building on Peachtree Street. Foundering as an apartment complex, the property was converted by Skelton in November to a condominium. It now boasts half of the 114 units in sales contracts. He is asking up to $200,000 for two-bedroom units and $65,900 for studio space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.