Palm Beach County wants to force ugly strip mall to beautify; property owners upset

Palm Beach County is taking steps toward creating a more pedestrian friendly environment and embracing the principals of New Urbanism along Military Trail.

Palm Beach County wants to force ugly strip mall to beautify; property owners upset

GM Doraville, New Broad Street deal dead - Atlanta Business Chronicle

The Dekalb County Commissioners voted against funding New Broad Street's proposal to redevelop the GM plant site in Doraville. This is a signature site that when developed could become a signature property in the County and a poster child for well executed in-fill mixed use development, generating significant tax revenue for the County. Unquestionably, New Broad Street has the ability to create a desirable development. However, the majority of the commissioners fail to see the long term benefit of the project and act in a nature showing more concern about their postions than for the long term benefit of the County.
GM Doraville, New Broad Street deal dead - Atlanta Business Chronicle

Deal to redevelop GM Doraville: $110 million

Florida Real Estate Journal Reports Exisiting Home and Condo Sales Up in 2Q 2010

Florida's existing home, condo sales up in 2Q 2010

Inman Park Bank of America REO Site Closes

Minerva Properties recently purchased a Bank of America REO site in Inman Park, an upscale turn of the last century neighborhood within the City of Atlanta. The site is located at 768 Highland Avenue. It contains 4.86 acres and zoned PD-H but limited to 28 single family detached units. Parker Chandler Homes originally purchased and zoned the site. There is, and was at the time of rezoning, a precedent in the area for a much higher density but the Inman Park neighborhood association fought hard and won the site plan specific zoning that was approved. The original principal amount of the Security Deed was $4,851,235.00 and the property was foreclosed for the amount of $3,800,000.00. The site had been on the market for over a year with an asking price of $3 million. The sales price was $1.425 million.

A Minerva representative, with whom I spoke, said they are going to attempt to rezone the site for townhomes. It will be interesting to see if Inman Park and the City allow that to happen. The permitted F.A.R. is up to 0.696. Therefore, if the site plan limitation in the zoning was removed the site would allow for approximately 150,000 square feet of developable floor area. There is a significant precedence in the area for more dense midrise apartment and condominium development.

The site is along the proposed Beltline and along a section of Highland Avenue with many great shops and restaurants.

Coda Homes of New Urban Communities: a Love Story

This is a very clever marketing video for an awesome infill townhome community, CODA, developed by New Urban Communities in Delray Beach, Florida.