Cobb Real Estate Blog

A mixed use development is in the planning phase for Vinings called V at Vinings. The project is currently pending while rezoning is considered. Here are some of the proposed details:

1. 78,000 square feet of retail space
2. 82,000 square feet of office space
3.  300 residential units (150 of them being senior living)
4. 518,500 square feet of additional office space for future development
5. Construction, if approved, would not be completed until 2014.

Technorati Tags: V at Vinings

The have been many rumors surrounding the re-development of the Belmont Hills shopping center. I blogged about it back in November of 2006, but now the plan that the developer has submitted has changed a bit. Here’s the new info:

1. Demolishing and rebuilding the shopping center will be completed in 2012
2. 344 Stacked condos will be included
3. 274 Apartments
4. 286 Townhomes
5. 8 Single family homes
6. 121,000 Square feet of retail

I’ll get more info out to you when I get it.

Cobb County Commissioners decided this week that until, at least, March of 2008 no new rezoning applications would be considered for a commercial stretch of Johnson Ferry Road in East Cobb.

The three mile stretch in question is between Paper Mill Road and Roswell Road.

Rob Hosack, who heads the office, said his planning and zoning experts want time to develop design guidelines for projects that might replace the office buildings and strip shopping centers.

Source - AJC

Technorati Tags: Johnson Ferry Road, East Cobb

Six sidewalk projects have been started or planned for streets in Marietta. Funding was established by a 1 percent Special Purpose Local Option Sales Tax (SPLOST). Here’s a list of the streets and when construction should occur.

1. Rigby Street from Lawrence Street to North Fairground Street: September 24 through October 18
2. Allgood Road (North Side) from Emerald Glen to East Park Street: October 10 through November 9
3. Cameron Creek from Allgood Road to Crown Terrace: November 5 through December 3
4. Laurel Springs Lane (East Side) from Chestnut Hill Road to Powder Springs Road: November 16 through December 7
5. Polk Street Extension (West Side) from Westborough Road to Whitlock Avenue: December 3 through December 19
6. St. Anne’s Road (East Side) from Kennesaw Avenue to Atwood Drive: December 13, 2007 through January 10, 2008

Grove Street Partners is planning a mixed use development in the Galleria area. It won’t be quite as tall as Park Vinings, but it will be right across the street from it.

This new project will consist of two towers. The first will be an 18 story tower with 350,000 square feet of office space. The second tower will be 15 stories tall and consist of an upscale 200 room hotel with 50 condos on top. Also included in this, yet unnamed, project will be 1,000 underground parking spaces and ground level retail and restaurant spaces.

Expect the project to break ground in the fall on 2008.

Technorati Tags: Grove Street Partners

I’ve heard some weird stories on the topic of people facing foreclosure, but this one takes the cake. Apparently, a New York couple facing foreclosure turned their home in to a money making venture. Unfortunately, that venture was an illegal brothel.

Clark Howard, Atlanta’s favorite consumer advisor, is going to be speaking about Georgia real estate tonight on prime time TV. Set your DVR’s or do it the old fashioned way and tune in tonight at 8:00 PM to watch “Georgia Real Estate - The Good, the Bad & the Ugly” on WSB TV, channel 2.

The show covers a lot of ground in one hour including:

• A local couple struggling with an adjustable mortgage asks Clark what to do about their rising interest rate.
• One local woman, on the verge of foreclosure, looks for answers to stop it.
• In this buyer’s market, Clark shows you how to make your house stand out from the rest.

Plus, he gives advice on selling a condo and the steps to investing in real estate. And, if you’re looking for a mortgage, Clark has a warning about some new options on the market today.

It’s real estate 101 from Atlanta’s favorite consumer advisor.

• WHAT: CLARK HOWARD PRIMETIME
• WHEN: Monday, September 10, 2007
• TIME: 8-9 p.m.
• WHERE: Channel 2, WSB-TV

Technorati Tags: Clark Howard, Georgia Real Estate

I’ve been out this morning looking at a few new Marietta real estate developments (more on that in the next few posts) and finally stopped in at Canvas Cafe & Bakery. I’ve been driving by for the past few months since it opened, but now, with a little bit of computer work to do (yeah, free WiFi) and hunger getting the best of me, it seemed like a perfect time to try the place out.

I was very impressed with my lunch and great coffee. Did I mention free WiFi yet? This will be a new scheduled stop for me when I need to grab some coffee, food and check FMLS.

Canvas is located at 724 Cherokee Street in the medical district of Marietta very close to Marietta Square.

Technorati Tags: Marietta real estate, Canvas Cafe & Bakery

“Hey look kids, there’s Big Ben, and there’s Parliament.”

Hopefully West Cobb County residents who drive on Villa Rica Road will fare better than the Griswolds when the County installs two roundabouts to help with traffic flow. The two roundabouts will be placed on Villa Rica Road at West Sandtown Road and another about 150 yards east at Irwin Road.

The two intersections in question see close to 11,000 vehicles per day pass by. Currently there are stop signs at each of them.

Info from AJC. Entire West Cobb traffic article here… (link may not be permanent)

The single-lane roundabouts proposed for west Cobb would have a diameter of about 115 feet and cost close to $1 million, including acquiring rights of way. They would be financed by the county’s 1 percent sales tax approved by voters in 2005, county officials said.

Technorati Tags: West Cobb County, Villa Rica Road, West Sandtown Road, Irwin Road

Bankrate just released their 2007 study of closing costs for all 50 states.

Closing costs can be divided into three categories.
Closing costs:
• Origination fees charged by the lender.
• Title and settlement fees charged by third parties.
• Taxes and prepaid items such as homeowners insurance, association fees and prorated interest.

Bankrate’s survey includes lenders’ origination fees and title and settlement fees, and not taxes or prepaid items. The survey was conducted in June.

The average closing costs in America is $2,736. Georgia came in at 31st on the list at $2,655.