Three years in the making, the first all-condo building to rise in close proximity to the BeltLine since the Eastside Trail opened nearly nine years ago is bringing its offerings to market en masse.
Thousands of BeltLine-adjacent apartments have taken shape in multifamily communities since the popular trail’s debut in 2012. But for-sale condo projects, which have been tougher to finance throughout Atlanta’s current development cycle, have been scarce.
Washington D.C.-based developer Capital City Real Estate is starting to change that with three different condo projects in development within an electric scooter’s toss of the multi-use path.
The first to deliver is a five-story, partially brick mid-rise along Airline Street in Old Fourth Ward now called “Flats at the Indie.”
Topped with roof terraces, the 29-unit project stands about a block south of Krog Street Market, next to Studioplex, promising “Krog District cool” in marketing materials.
So far, prices at the boutique building begin at $364,900. That gets one bedroom and one bathroom in 739 square feet.
On the opposite end, the most expensive condo to list so far is a two-bedroom, two-bathroom “penthouse” with 1,172 square feet, priced at $687,400. (HOA fees of $372 per month are another consideration.)
The condos come with white quartz countertops in kitchens, 10-foot ceilings, wide-plank flooring, and KitchenAid appliances.
The building offers a “rooftop oasis” with a fire pit and seating, but is too small to pack in much else. As listings note, however, condo owners will have access to amenities at another Capital City project next door—the 12-story Indie building fronting Edgewood Avenue—once it finishes next year.
They’re calling that “The Indie Club” membership, and it entails access to a resort-style pool, club lounge with coworking space, gym, and dog spa, according to listings. (The name of both properties is a nod to “the grit of Atlanta’s Krog District and growing art/film scene,” per developers.)
Beyond those two projects, Capital City has also recently begun construction of the 42-unit Roycraft condos in Virginia-Highland. Those are priced from the $400,000s.
We checked with Ansley Real Estate brokers to see how sales in Old Fourth Ward have been (listing services show three contracts inked, for units priced between the low $400,000s and $559,900), but we haven’t heard back. For now, have a closer look at this Eastside Trail unicorn in the gallery above.
• Recent Old Fourth Ward news, discussion (Urbanize Atlanta)