The sale of the properties was part of an assemblage. They are being held for redevelopment as a mixed-use property, which will be called Memorial Station.
Memorial Station is set to break ground in the middle of 2008, and will include 65,000 square feet of ground floor commercial retail space with 200 to 250 apartment units above.
The proposed property is set at the center of Grant Park, Cabbagetown and Reynoldstown and more specifically at the Memorial-Glenwood Connector. It is also next to the first stop on the BeltLine, the Atlanta and West Point Station.
An additional property in the acquisition includes 269 Chester Ave.
Morris Habif represented Habif Properties in-house. Steven Franco and Wesley Defoor represented Franco Defoor Properties in-house.
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source: costar.com
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