No Comments

City of Atlanta buying downtown apartment community by City Hall

The city of Atlanta is buying a 264-unit apartment community across the street from City Hall.

The city will acquire City Plaza at 133 Trinity Avenue S.W., according to a notice on the city’s website. The complex is owned by Atlanta-based apartment management company JMG Realty Inc.

City Plaza contains 69 one-bedroom apartments and 95 two-bedroom units. It also has 29,000 square feet of ground-level retail.

Details about the price the city will pay and why it’s buying the complex were not immediately…

No Comments

Fannie Mae continues shifting credit risk to insurers

As part of its effort to reduce the taxpayers’ burden, Fannie Mae announced Friday that it completed its fifth and sixth credit risk-sharing transactions as part of its Credit Insurance Risk Transfer program. Through these latest deals, Fannie Mae said that it has acquired more than $800 million of insurance coverage on over $32 billion of loans this year.
Source: NHOusing wire

No Comments

Ft. McPherson area looks for cheerleader

Regional planners are seeking a long-sought spark that could ignite nearly 200,000 square feet of retail, including a major grocery anchor, for underserved southwest Atlanta neighborhoods around Fort McPherson.

A series of public meetings about the Fort McPherson area continues to tackle the longstanding issues hindering neighborhoods that make up a 1,300-acre district just south of downtown Atlanta.

The area is part of Livable Cities Initiative, a program that could spur its revitalization. Median…

No Comments

285/400 project development team to be announced

A decision will soon be made on the development team that will tackle the state’s largest transportation project ever, the $1.1 billion transformation of the Interstate 285/Georgia 400 interchange and new collector distributor lane project along 400.

A Georgia Department of Transportation committee is reviewing the proposals of four development teams and plans to make its recommendation of the best value team at a Dec. 10 board GDOT board meeting.

The proposed improvements are designed to aid…

No Comments

INTERACTIVE MAP: ZIP code 30327 ‘epicenter’ of Atlanta affluence

If you live in Atlanta’s wealthiest ZIP code — 30327 — it goes without saying that you live in an expensive home.

It’s residential Buckhead, where the average high-end home is worth more than $1 million.

But people who live in 30327 also typically enjoy large incomes, work as managers in business or science and hold advanced degrees.

While those are all common-sense deductions, they also are borne out by statistics on affluence in cities across the U.S. compiled by Charlotte, N.C.-based…