Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MARIETTA, GA-The estimated $15-million redevelopment of a blighted 7.5-acre block in this Atlanta suburb hinges on the city council’s decision May 11 to go forward with a developer selected by the Marietta Redevelopment Corp.

Hedgewood Homes of Cumming proposes to build 89 for-sale apartment units that would sell for $200,000 to $320,000, area brokers following the project tell GlobeSt.com. The redevelopment site is southeast of the Marietta Square bounded by Manget, Haley, Frasier and South Streets.

The apartments would have 1,500 sf to 2,500 sf of living area. The project would be funded with tax allocation district money, consultants who have worked on comparable projects in the metro area tell GlobeSt.com.

Marietta developer Marty Littleton, who owns the 7.5 acres, assembled the properties around Marietta Square and has agreed to sell the land to the city for about $4.9 million or $662,162 per acre ($15.20 per sf), brokers in a position to know tell 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?

Dig Deeper


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.