After years of planning in a section of Ponce de Leon Avenue bustling with new investment and development activity, the boutique condo building continues to make progress, project leaders say, despite setbacks related to sourcing construction materials. told Urbanize Atlanta.
Leon on Ponce is a relatively rare development of an in-town condominium that has completed construction of a parking lot and set above it five floors of living levels (including rooftop space).
Pauline Miller, Compass’s managing director of new developments, told Urbanize Atlanta that since construction began on The Leon a year ago, it has been difficult to secure the construction materials needed for the project, which is between a single-family home and a skyscraper. says it is difficult.
The floorplan continues to be fine-tuned accordingly, with three more units than originally planned.
“We’re making sure the unit is affordable for the buyer. It used to be big, now it’s small,” said Miller. “The good news is we didn’t get caught because there was no pre-sale requirement.
Leon, now a mid-tier project of 75 units, initially marketed In May 2019, as a replacement for a vacant lot that served as an above-ground parking lot. The 0.9-acre site sits between Mr. Carwash and a new boutique hotel, less than a block west of Ponce City Market.
The Atlanta-based Urban Eco Group is leading the development, and the design is being handled by another local firm, Place Maker Design. The architecture firm’s previous work includes designs for The Beacon in Grant Park, Alpharetta City Center, and Atlantic Stack condominiums in Atlantic Station.
There are plans to bring The Leon to market in the first or second quarter of 2023, with the building expected to be delivered in the fourth quarter, Miller said.
Condos range from 610 sq ft one bedroom to 1,100 sq ft two bedroom options.
According to Miller, the price range is in the $300,000 to $600,000 range, similar to the original price range.
“They are really beautiful, efficient plans, really beautiful things,” she said. “We try to make it really great.”
Aside from a few shipping containers, the site’s last occupant was the controversial Phoenix Bar, which was closed by the city in 2005. .
Before The Leon broke ground, the project’s “Coming Soon” sign had been on the property for over two years.
Leon joins thousands of former District 4 apartment developments over the past decade, but only a handful of condos are on offer.They include 29 units of Capital City Real Estate indie flats Condo projects (previously priced from the mid $300,000 range, now sold out). Earlier this year, the same company completed his 12-story condominium project. indie next.
Beyond the condominium development in Leon, recent years have seen investment pour into this previously shabby section of Ponce.
111 rooms, boutique, on site just west Wiley Hotel It opened last year and restored a historic building from the 1920s. Less than two blocks away, on the same side of Ponce, Chick-fil-A was built on the site of a former gas station. brick drive-thru restaurant It’s on the corner of the main street.
Meanwhile, just east is the Ponce City Market. second stageThe inclusion of two new residential towers over 20 stories high also accelerates construction.
• Recent Former District 4 News and Discussions (Urbanization of Atlanta)