Crabapple Update - Victoria Secret Models Working as Sales Agents
categories: Alpharetta Real Estate, Crabapple, New Construction, Townhomes
CRABAPPLE - Watching a community like Crabapple transform seems to take so long that it is hard to maintain the excitement. There is very little glitz and glamor, just small real estate signs, public notices and construction, construction and more construction.
Plus, there is lots of starting and stopping, particularly in a market like this one. Characters come and go. For a story that takes so long to unfold, it is hard to hold our attention.
So, enter the Victoria Secret models. That got your attention refocused on Crabapple - or at least refocused, didn’t it?
Okay, there really aren’t any Victoria Secret models in Crabapple. I’m so sorry, really; I wish there were. Then we’d sell some real estate!
But now that I have your attention, let me get you caught up on some of the less glamorous happenings in that little place we call Crabapple, just west of downtown Alpharetta.
Crabapple Station - Crabapple Station is the Waterford Homes neighborhood behind Azio Pizza. They have two single family homes available in the low $500’s and one under contract. They also have five very nice townhomes for sale. There hasn’t been a townhome sold in Crabapple Station since February, which was for $375,000. Last week the existing five townhomes were all reduced $20,000 to $379k. The quality of these units is the best in Crabapple, in my humble opinion, plus they all have basements, some of them already finished.
Crabapple Crossroads - Crabapple Crossroads is the Williamscraft neighborhood with the seven three-story brownstones that you can’t miss. Well, congratulations, they sold two more brownstones: one for $359k in September and one for $369k in August. That leaves three to go, currently listed at $379k.
Crabapple Crossroads also has sold two single family homes since September, one for $450 and the other for $412. There are still 32 homes actively for sale in Crabapple Crossroads, and get this: They have ten under construction even with that much inventory already standing.
Crabapple Crossing - Crabapple Crossing is the neighborhood adjoining Crabapple Station behind Foster’s Grille. Crabapple Crossing is a Whitehall development, but Whitehall gave up the ghost during the summer and an investor stepped in and purchased the loan. Prices were reduced and all the townhomes have been sold except one, which is a 3-bedroom end unit, with all the appliances, listed at $315k but purchasable for $290k I know. It represents the best deal currently in Crabapple.
Old Place at Crabapple - Located at Mid-Broadwell and Charlotte, Old Place at Crabapple is a Harrison Builders development that remains dirt and an idea on paper. They have eight lots in an enclave. The interesting part is that they have reduced prices from the $800’s to the $700’s.
Braeburn - Here is some shocking news. Wieland has started (or should I say re-started) the construction of the Braeburn Office Village on Birmingham Highway across the street from Crabapple Crossing elementary school. There will ultimately be ten building and there are already two Under Contract signs posted, so that is positive for the area in terms of activity.
The residential portion of Braeburn - Wieland "Signature Homes" from the $700’s is still stilling undeveloped with no sign of movement.
Lodestone - The most noticeable work is that being done by Lodestone Development on the Crabapple Mercantile Exchange, the group of building along the north side of Crabapple Road in front of the brownstones. (Also the ones pictured above with our lovely Victoria Secret model ;->)
The Exchange is coming along very well and I think it looks great aestically with the brick and the dark stained trim. They have some new tenants signed up, too. In addition to Scoops, the ice cream parlor, and The Founders Club, a cigar merchant, Crabapple Dental (Dr. Roberts), an Irish Pub, Faire La Belle (which I can only assume is a lady’s clothing store) and Chateau de Nails, yes, yet another nail salon, will all take residence in the Exchange. From the looks of it, the French are going to have to battle the Irish for bragging rights at this point. My money is on the Irish. Plus, the building looks like it should have a saloon in it.
I hear that Scoops is going to try to open for the holiday season, at least they better because I understand that they have ordered a few thousand pounds of chocolate inventory. Now that is my kind of neighbor.
Natural Food Warehouse - The rumor was that Natural Food Warehouse was moving into the old Ingles location in Crabapple. This still may be the case, but they don’t appear to be in any hurry to move in if they are. Not one piece of on-site site modification has been made in the last couple of months. The Walgreens in the corner of the parking lot, however, has made significant progress and looks like it is near opening. Nothing like a cookie cutter store to get something built and opened.
Beragio - The active adult community of single story three-bedroom homes looks like it has come to a halt. The sign is even down. They were poring the sidewalks yesterday, but that is probably because the City of Alpharetta requires them. The Beragio website doesn’t have an updated "progress picture" since July 1.
That’s it for the Crabapple update. I have to get back to surfing for Victoria Secret models…that was a fun diverstion ;-> You have to find ways to keep things fun, right?
For information on any of these Crabapple communities or properties, please feel free to contact me . I don’t write this blog for fun - well, actually I do; it is my creative outlet - but I also write this blog to make a fair and honest living and provide value for you, my potential clients.
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What is going on with the eatery that was formerly Fosters? Monday or Tuesday last week it was open and then it is closed with the Gastropub signage up. I noticed the Gastropub now has an “open” banner above the door. Any information?
Thanks,
Scott
The restaurant formerly Foster’s is now O’keefe’s Gastropub. Same owners, same people, no more Foster’s franchise. It is my understanding that they wanted to change their menu but were not allowed to do so because of franchise regulations. I just ate there the other night and it was great! Stay tuned for their liquor license, it should be coming soon!