X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Although the city approved blueprints last month for the demolition of two 100-year-old apartment buildings to make way for a 70-unit, four-story condominium project, Midtown residents and local preservationists are fighting the venture planned at Piedmont Avenue and 12th Street.

And even though the apartment buildings are not on any historic registry, the Atlanta Preservation Center plans to appeal the city’s development order through the city review board later this month, area brokers following the controversy tell GlobeSt.com.

Apartment residents also oppose the demolition ruling, largely because of their affordable rents which are in the $600 to $800 monthly range. They would prefer the owner rehabilitate rather than replace the existing dwellings, brokers tell GlobeSt.com.

To appease the project’s opponents, Coro Realty Advisors and Highlands Cos. revised architectural blueprints to make sure the building’s exterior would blend into the neighborhood, brokers tell GlobeSt.com. “That move still hasn’t satisfied the opposition,” a broker following the project tells GlobeSt.com.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.