If you are looking for your first home or a new investment, Parkview / Kirkwood is the place to be!   For about $260K you can usually find a 3 bedroom / 2 bath home that is in good condition with a large lot.  With the new development on the corner of S. Howard and Memorial, it will surely drive up property values.  It is estimated that the project will be completed by December 2008.   Check out the article in the AJC…

The Atlanta Journal-Constitution….By PAUL DONSKY (7/16/07)

Developers want to demolish the aging Parkview Plaza shopping center off Memorial Drive in Dekalb County, just outside Downtown Atlanta, and replace it with a mixed-use complex featuring 78 townhomes, 298 apartments and 14,500 square feet of new commercial space, according to papers filed with the state last week.

The shopping strip is set on a gritty stretch of Memorial, a block from Crim High School.  But the area is changing fast — a trendy condo development has gone up a few blocks away.The 12-acre tract is now dominated by an enormous parking lot that is often empty. The shopping center has struggled to fill space and attract shoppers in recent years.Neither the developer, Southeast Capital Partners, nor the property owner, Lou Foah, could be reached for comment.

The developers are seeking a rezoning, and the project is large enough that it will have to be reviewed by the Atlanta Regional Commission and the Georgia Regional Transportation Authority.

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According to the Atlanta Business Chronicle, Earvin “Magic” Johnson and partner Bobby Turner are investing more than $50 million in the planned “12th & Midtown” development, and plan to increase their investments in Midtown Atlanta, according to Turner.

The partners’ Canyon-Johnson Urban Fund L.P., the largest private equity fund in the country focused on urban revitalization, has invested in Plaza Midtown, and now 12th & Midtown — and that’s just the beginning.

“We are not stopping here,” said Turner, managing partner of the Los Angeles-based firm, which has about $1 billion in capital commitments in “high-density,” “ethnically diverse” communities.

Turner said Atlanta fits that investment profile, as well as Canyon-Johnson’s additional criteria — that the communities in which the fund invests have strong leadership as well as local development partners interested in “enhancing the quality of life” along with investors’ returns.

“Shirley Franklin epitomizes the great leadership,” said Turner, who added members of his firm visit Atlanta about every other month, and each time Franklin makes her entire economic development team available.  “Magic is very good friends with, and adores, Mayor Franklin,” he added.

Daniel Corp. and Selig Enterprises Inc. also satisfy the fund’s partnering criteria — that local partners be interested in the “double bottom line” of community improvement as well as financial returns.  “They are our go-to guys in Atlanta,” Turner said.

Of course, Atlanta’s growing population also plays a role in Canyon-Johnson’s interest.
“Investing in Atlanta is investing in the future of America,” he added, “because that’s where the growth is going to be.”

Atlanta Business Chronicle – November 20, 2006

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After years of driving through the intersection of 2^nd Ave and Hosea Williams and wondering when “something” was going to happen on those four corners, it finally looks like East Lake is going to have it’s own Village!   This is going to have a very positive impact to the property values in the area, as well as provide a place for “East Lakers” to gather and enjoy the neighborhood.  The proposed development will be called “East Lake Corners” I will update the blog as soon as additional information comes in, so stay tuned!

 **If you would like a copy of the initial rendering, please call Kerry at 404.432.1844 or email me at kerrylucasse@kw.com.

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Award winning, contemporary in town living.

This stunning 3 bedroom, 4 bath home in Brookhaven features an open plan w/exposed trusses, steel spiral staircase, recently renovated kitchen (including granite and high end appliances) , 2 decks, floor to ceiling windows, 2 person glass block shower, garage, park views, exposed brick thru-out, professionally landscaped private yard with water feature, walk to MARTA.   Just reduced to $435,000.

For additional details, click here to view this home online

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