The densification of East Atlanta Village is set to continue on two vacant parcels near popular watering holes and clothing boutiques, sources tell Urbanize Atlanta.
Atlanta-based Pellerin Real Estate, best known for the Beacon warehouse redevelopment in Grant Park, is moving forward with its sixth East Atlanta project at a site just north of Argosy restaurant and bar.
Activating that property would continue a surge of real estate investment across EAV that’s seen multiple storefronts and lots transformed as more than 70 townhomes have materialized in three separate projects.
Pellerin’s principal, Philippe Pellerin, tells Urbanize his company is under contract on two parcels, 456 and 462 Flat Shoals Avenue.
EAV’s zoning for the property suggests a three-story, mixed-use venture would likely be the highest and best use, Pellerin says. That would be similar to another ground-up, under-construction Pellerin build about a block away.
But Pellerin says planning won’t begin until community input has been gathered. A listening session, for starters, between Pellerin’s team and neighbors is planned at the site for 4 p.m. Sunday.
“We’ll make [planning] decisions after hearing from the community,” Pellerin wrote via email. “Whatever we do, our intention is to design a project that meets the existing zoning and not seek any variance or rezoning.”
The .65 acres in question were recently for sale via Gene Kansas Commercial Real Estate for $1.65 million, according to LoopNet.
The properties include about 160 feet of frontage along Flat Shoals Avenue, as specified in marketing materials.
Elsewhere in EAV, Pellerin’s investments have remade numerous properties along nearby Glenwood Avenue the past couple of years.
Those include Southern Feed Store, a six-stall food hall concept that’s remaking longtime Village destination Graveyard Tavern.
The developer is also constructing a three-story, mixed-use project called The Marbut, next to the new Hippin Hops Brewery and Oyster Bar. It’s expected to deliver 6,000 square feet of ground-floor commercial spaces, topped by 21 one-bedroom apartments, later this year.
Other Pellerin projects in EAV include three revitalized storefronts on Glenwood Avenue for OxFit gym, OxWork business club, and a fusion coffee shop concept by The Victorian plant purveyor and Bellwood Coffee.
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