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New Blood at Allen Plaza; The Costs of The BeltLine

All the latest neighborhood and real estate news from Curbed Atlanta.

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[A rendering of one vision for the office pad at 50 Allen Plaza with signage for a local potential tenant. Image courtesy of plorenc via Flickr.]

Downtown— As in life, real estate is a game of winners and losers, and at this stage of the real estate cycle, the winners (companies that survived) are grasping opportunities that the losers had to forfeit. In this case, the winners' track records bode well for the prospects of one of Atlanta's most visible, incomplete real estate developments.

The BeltLine— Atlanta's nascent 'Emerald Necklace' enjoys near-universal popularity as a concept (and very soon, a reality). However, as we learned this week, there are going to be human costs exacted in the construction of The BeltLine and the gentrification that is likely to follow its path through some of the city's poorer neighborhoods. These costs are certainly worth considering.

House of the Week— We discovered that one of Grant Park's largest houses is on the market. Its ample and comfortable living spaces are matched by an enviable location in the neighborhood...how then are the owners struggling to get a price in the mid-$500's for it? The housing market, silly! Haven't you heard? It's not going to be healthy again until 2025!

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