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ATLANTA-Construction has started on Vinings Main, a 16-acre development that includes 229 residential units, 30,000 sf of office space and 20,000 sf of retail space. The project is being built on Paces Ferry Road inside of Interstate 285 across from Vinings Mountain.

The project is a joint development between locally based Wood Partners, the Alpharetta-based Columns Group and locally based Monte Hewett Homes. Wood Partners is developing the condominium residences, office and retail space; the Columns Group and Monte Hewett Homes is developing the townhomes. The project cost for the condominiums, office and retail space is $60 million. Project cost figures for the townhomes were not available, Wood Partners project manager Nitesh Sapra tells GlobeSt.com.

The residential component of the project will include 148 condominiums priced from the high $200,000s to the high $500,000s and 81 four-story townhomes priced from the $600,000s to more than $1 million. The one-, two- and three-bedroom condos range in size from 900 sf to 2,000 sf and will be located in three mid-rise buildings. The three- and four-bedroom townhomes will range in size from 2,400 to 4,600 sf. The office and retail space is expected to be completed in the first quarter of 2008 and the residential units in the second quarter of 2008, Sapra says.

Sapra adds that sales efforts for the condominiums will begin in September. Norcross-based Parkside Partners is assisting Wood Partners with the sale of the office space and the locally based Shopping Center Group is assisting with the leasing of the retail space. Of the 20,000 sf of retail space, 6,000 sf to 7,000 sf will be set aside for a restaurant, Sapra says.

The residential units will be located within a gated community along the shores of a lake. The residences will be one block from Vinings Jubilee, where shops and restaurants are located, and within a short walk to the Old Vinings Inn, the Pace House, the Old Pavilion and the Chattahoochee River.

“Vinings is a unique neighborhood in that it’s convenient to Midtown and Buckhead, but is removed from those areas,” Sapra says. “It’s a pedestrian-friendly neighborhood that has a charming, old town feel to it.”

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