Archive for the 'Community Highlights' Category
Updates on Some Alpharetta Projects
categories: Alpharetta Real Estate, Community Highlights, Local Information
Yesterday I had the opportunity to speak with David Belle Isle, along with a small group of Realtors who attended a gathering put on by Jack Berube of Berube & Company Realtors.
For those who may not know, Belle Isle is a sitting Alpharetta City Councilman and is currently running for State Senate in District 56 . During his short discussion he shared updates on a few Alpharetta City Projects.
Prospect Park
Yes, you know it well. The mud pit and concrete forest we see every time we drive down Old Milton Parkway. I don’t know how it got approved, although there are ideas being thrown around , but there it is. The question is, what’s the status? The developer, Stan Thomas, has filed for bankruptcy - to reorganize. Apparently his intent is to hold on to the property in hopes of developing it down the road. An idea that was thrown out in the discussion was to have something like The Inforum there. The Inforum is something along the lines of a multi-purpose facility with office space, convention center, theater, etc.
I’m a strong believer in property rights but a little eminent domain here might be the answer. How about a park or ball fields? Maybe someone should sneak down there and plant some kudzu, it will be covered in weeks!
Westside Parkway - When will it be finished?
See Prospect Park….The last section of Westside Parkway is tied up in the parcel that is the Prospect Park project. So, while it is in bankruptcy litigation there is nothing that can be done with the last few hundred feet of what will one day be a great way to avoid Hwy 400.
Windward Parkway / 400 Offramp
Apparently it was determined that a tremendous number of cars getting off of 400 onto Windward Pkwy and going east end up turning onto Northpoint Pkwy, so there is a plan to put a dedicated turn lane at the off ramp that will take those drivers directly to NP Parkway, alleviating a ton of congestion.
Oversupply of Strip Centers
Another thing we all notice as we drive around Alpharetta and Milton. The abundance of empty retail space is amazing but there are signs of improvement. Some properties have been purchased out of foreclosure, giving those new owners a much lower cost basis and allowing them to potentially fill retail space. Now, who’s betting on a couple more mattress stores.
The Alpharetta City Center Project
What was planned originally was a mixed use, pedestrian friendly project developed around a new City Hall. There were going to be office and restaurant space, civic facilities, retail and parking decks. The desire by the City Council to do this project is still there but we’ll have to wait for stronger financial times. The businesses that are downtown now have wanted a project like this and the community would strongly support it but until it happens we’ll continue to see business struggle. While two spaces downtown were filled by Digital Scientists and The Coffee Pot , we lost a fitness center and a lacrosse store.
Do you have anything to add about these projects or others? Let us know.
Posted by Bob Strader | Currently 4 Comments »
Milton, GA Community of The Week: Triple Crown
categories: Alpharetta Real Estate, Community Highlights, Community of the Week, Milton Real Estate
Triple Crown values take a little dip but demand remains strong -
Triple Crown is one of many sought-after communities in Milton, Ga. but this community has maintained consistant demand throughout the downturn in the market. With approximately 150 custom homes on one acre plus home sites there is a good reason why Homes For Sale in Triple Crown tend to move quickly. Right now, as of this post, there are 4 homes for sale in Triple Crown, but 9 homes have been sold year-to-date and half of those sold in less than 30 days. That is an absorbtion rate for the community of about 120 days which is far better than the market in general.
The homes styles in Triple Crown are traditional with wood and earth-tones, you will find combinations of all brick, brick and stone and cedar shingles. The homes are ample in size, typically running in the 4500 sq. ft. to 6500 sq. ft range and offer open floor-plans with large family kitchens, side-entry garages, upgraded finishings and large basements.
The jewels of Triple Crown are the community amenities which include a four acre lake with dock and walking trails, a two acre park and spacious clubhouse complete with full kitchen, great room and meeting room. The amenities are a big reason people choose to buy homes and live here. The Home Owners Association for Triple Crown is active and the fees are $1300/year. For specific questions about the associatioin you can contact the management company at (678) 551-7551.
If you have children, they will attend highly sought-after schools like Summit-Hill Elementary, Northwestern Middle and Milton High School. Triple Crown is located in North Fulton County near Historic Crabapple, Alpharetta, Windward Pardway and GA 400. At the peak of the market the home prices ranged from $800,000 to $1.2M but now can be found from the mid $800’s to just under $1M.
Posted by Bob Strader | Currently 2 Comments »
