“Kirkwood, Edgewood, Adair Park, Capitol View, Capitol View Manor, Pittsburgh, Peoplestown, Lakewood, Mechanicsville and West End will continue to grow in popularity,” he added. “Personally, I’m looking forward to seeing how the redevelopment of Fort McPherson and Turner Field play out.”
On a side note, Askew also expects the real estate business to see more mergers and acquisitions as larger companies continue to grow their footprints. Conversely, more small, high-tech firms, sans the brick-and-mortar, will open in an effort to attract millennials.
“I think the excitement and popularity of Old Fourth Ward, Edgewood and Inman Park will continue,” Johnson predicted. “Many wonderful projects are being built that create an energy and synergy in the market.”
As more companies bring their businesses back to areas like Midtown, Downtown and West Midtown, Decatur and Buckhead, there’ll continue to be a strong demand for housing in the Intown neighborhoods.
Intown development will be driven by two major forces for several years to come: walkability and the Atlanta Beltline, according to Burell. “Unlike other geographic boundaries like lakes, rivers and mountains that limit and divide regions, the Beltline is unique because it’s a geographic boundary that actually connects neighborhoods which have been isolated in the past. This creates the rebirth of a connected city.”
He added that, at the same time, the Beltline is creating a boundary and limiting the amount of available land within its circle. Developers and investors are purchasing land in and around the Beltline, even in sections of town where it hasn’t been completed, and there’s been a direct impact on home and land values.
Anne Miller agreed that areas near the Beltline will continue their popularity in the coming year. “I also think we’ll see some growth in areas just inside the perimeter, due to affordability and easy Intown access for work or play.”Z
Scott Askew, President of Engel & Völkers Intown Atlanta.
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