Developer PacificPoint Realty will break ground in the next 30 to 60 days on the long-awaited Freedom Townhomes project in Poncey-Highland, the company tells What Now Atlanta.
Planned to rise just north of the Freedom Park Trail at 1099 North Ave. NE, the project will consist of 15 four-bedroom townhomes spread across three buildings. Prices will range from the high $800,000s to over $1 million for the townhomes, according to Allen Snow of Sotheby’s, who is leading marketing for the project.
“This is really a trophy project in my mind,” PacificPoint Realty Managing Partner Karim Shariff said. “It’s in the middle of a fantastic neighborhood that’s going through a lot of changes and improvements.”
Plans for such a project have long been in the works. The development was initially proposed but later dropped by developer Live Oak Realty Partners, who sold the site to PacificPoint Realty.
Now, the new developer expects move-ins to start no later than next spring, about one year after its anticipated groundbreaking.
Plans call for units of sizes ranging from about 2,200 square feet to 2,700 square feet, not counting garage, rooftop, and yard space coming with each of the homes.
Snow said buyers of many types are likely to be interested, from young professionals to empty nesters. One example of the way it is catering to the latter is laying out 11 of the 15 units so they are elevator-optional.
The neighborhood itself is also an attraction because of its growth prospects, Shariff said. The Freedom Townhomes project site happens to sit about one block south of Atlanta’s historic Highland Inn, where the new owner is planning a mix of uses, for example.
The Freedom Townhomes will follow a number of other projects led by PacificPoint Realty in Atlanta, including the 16-unit Madison Village community in Reynoldstown, which Snow and Shariff say just sold out this week.
Other parties involved in the latest PacificPoint project include general contractor C3 Companies, Crescent View Engineering, and project architect Kuo Diedrich Chi Architects.
“It’s a project that’s long overdue and a long time coming, and we’re excited about getting it moving,” Shariff said.