When Another Real Estate Development Sets The Stage For Yours

 

Over the years, I have noticed how some people see stories like the below linked one about a huge affordable housing development coming to Atlanta and not even stopped to read it. They figure it has nothing to do with them or any projects they are currently working on, and that is if they are focused in the Atlanta area. I prefer that my valued clients, students, and connections feel differently when they see or hear about projects like the one written about.

It is true there is a developer in place and millions of dollars already secured from various sources. However, there is much more to the project to consider, and plenty of opportunities to come. On the residential side, there could be temporary housing opportunities for contractors and workers involved over the months it will take to construct the massive project. There will be utilities, roads, and infrastructure to work on in addition to building or renovating each dwelling. 

The commercial side is likely to bring plenty of opportunities for developers, investors, lenders, brokers, and contractors beyond the project. Chances are the residents will want and/or need grocery and retail nearby. Fast food and family restaurants, dollar stores, phone stores, and discount retailers will have new and additional residents to serve. There could be room for auto repair and public transportation to support the development. Now that the new Atlanta project is going to happen, it is at or possibly past the window to plan for projects which will be adjacent to the development area. Once word of the new project spreads, prices for currently available land will increase, revised zoning may be proposed, and investors and more investors and developers will swoop in.

If you are not in the Atlanta area, your development, investment, or brokerage group may or may not have an interest in possibly getting involved. If it is in the area, it demonstrates the importance of researching and “scouting” for future projects which could be difference makers. For entities that are investors, developers, and brokers not dealing with Atlanta, stories and projects like the Buckhead one can serve as a reminder to get and stay on top of appropriate major potential projects within your area(s) of interest.

Being “first in” on a new project, or what surrounds it, can make millions of difference. Let’s connect and get to work on finding some!

 

https://atlanta.urbanize.city/post/exclusive-beltline-homeless-facilities-affordable-housing-plans-cancelled-bankhead