Home values in Atlanta's Atlantic Station division are increasing as "walkability" becomes the hot trend for young adults, says MarketWatch contributor Rita C. Cox, an Atlanta-area veteran realtor. The mixed-use neighborhood features extensive retail, being home to businesses such as Dillard's, Banana Republic, the Gap, Target and Jos A. Bank, and the walkability of the community is a draw for new residents. Property values in the neighborhood have increased steadily over the past five years, rising 25% from 2013 to 2014. Cox says foreclosures are now practically "non-existent" in the community.
With state-of-the-art amenities on-site and restaurants, shopping and night life within walking distance, this sought-after area of Atlanta once again represents the best of playing where you work.
Atlantic Station was originally conceptualized in 1997 and saw its first residents in 2003, but the crash in 2008 forced residents to face foreclosure and plummeting property values. Atlanta's prized example of a live-work-play community in action soon because a blighted nightmare.
The turnaround began at the end of 2010 when North American and CBRE Global bought office space and land in Atlantic Station for future redevelopment. Through aggressive marketing, community outreach and a general upturn in the economy, Atlantic Station has made an amazing recovery.