BOLTON VILLAGE

BOLTON VILLAGE 

I N T O W N S P A C E A V A I L A B L E ! 

R E T A I L • O F F I C E • R E S T A U R A N T 

Contact: 

Vantage Realty Partners · 619 Edgewood Avenue, Ste. 300 · Atlanta, GA · 30312 

(678) 686-3100

TABLE OF CONTENTS 

Overview␣ 

␣Site␣Plan␣ 

Renderings␣ 

Site␣Description␣ 

Surrounding␣Developments␣ 

Media␣About␣the␣Area␣ 

Area␣Demographics 

Contact␣Information␣ 

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the 

accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risks for any inaccuracies. 

Vantage Realty Partners, LLC. 

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OVERVIEW 


Location: 

Description: 

SW Corner of Bolton Rd. & James Jackson Pkwy. 

2011 Bolton Rd. 

Atlanta, GA 30318 

(appox. 1.5 miles inside the perimeter) 

Residential: 

300 Residential Units 

(breaking ground Dec. ‘08) 

Commercial: 

(outlined below) 

14,500SF of office (2nd Floor) 

14,500SF of retail (Street-Level) 

Price: 

Office: $17/SF NNN 

Retail: $23/SF NNN 




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SITE PLAN-1st Floor 




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SITE PLAN-2nd Floor 




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PROPERTY PHOTOS & 

RENDERINGS 




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SITE DESCRIPTION 


Acreage: 

Frontage: 

Approx. 6 acres 

Bolton Rd. & 

James Jackson Pkwy (S. Cobb Drive) 

Traffic (Vehicles/Day): 45,000+/- 




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SURROUNDING DEVELOPMENTS 

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1 

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• 21 Townhomes + 7,800SF of restaurant/retail space 

• Developed by: Alan Joel Partners 

• Lease Price (commercial spaces): $23/SF net 

• 75 acre residential development with 399 townhomes/single-family 

• Developed by: Sharon Mcwain & Winmark Homes 

• Sale Price: $300k-$400k 

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• 460 acre Mixed-use, mixed-income development (780 apartments, 

460 single-family homes, 134 senior housing units, & retail) 

• To include 18-hole public golf course designed by Jack Nicklaus 

• To include YMCA location, public library, public schools, and daycare 

• Developed by: Atlanta AHA, Brockbuilt Homes, Columbia Residential, 

& Perry Golf Course Development 




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SURROUNDING DEVELOPMENTS 

(continued) 

4 • 350 homes 

Riverside Neighborhood 

5 

Hollywood & Main 

• Approx. 10 loft apartments above 9,000SF of retail space 

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• Prospective development by Edens & Avant 

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• 500 single-family homes 

• Developed by: Brock Built Development 

• Sale Price: $275,000-$375,000 


• 100 Townhomes 


• Sale Price: $300,000-$400,000 

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• Sale Price: $300,000-$400,000 

10 

Chattahoochee 

YMCA 




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MEDIA ABOUT THE AREA 

Redevelopment Gets under Way in Northwest Atlanta. 

Source: 

The Atlanta Journal-Constitution (Atlanta, Georgia) (via Knight-Ridder/Tribune Business News) 

Publication Date: 14-JUN-04 

Byline: David Pendered 

Jun. 14--On a driving tour of new neighborhoods, developer Steve Brock points to a picturesque rock retaining wall behind a 

subdivision just being built. He drives by neat new houses with colorful flags out front. He gestures to a view down a tree-lined 

street that's unobstructed because utility lines are buried. 

The communities are designed to be neighborly places where folks wave and chat from porches to others strolling down sidewalks. 

What makes Brock's tour so interesting is that he's showing off part of northwest Atlanta, a region that for nearly 50 years has 

been synonymous with crime, violence and blight. Now there's a massive effort to reclaim a significant portion of an area that 

fostered dispair and disinvestment in every direction. 

The old Perry Homes housing project a few miles west of downtown Atlanta has been demolished. Shabby barracks and apartments 

that once housed more than 1,000 families were tossed into a trash bin to reveal land that undulates as comfortably as 

the hills north of Lawrenceville and south of Canton. 

Perry Homes is being replaced by a new community called West Highlands. 

Brock is one of three private partners working with the public Atlanta Housing Authority to build a vibrant mixed-use community 

on 460 acres. Planned amenities include a YMCA, library, public school, golf course, more than 90 acres of green space and a 

nearby trail built by the PATH Foundation. 

Today the community will have an official grand opening featuring remarks by Alphonso Jackson, secretary of the U.S. Department 

of Housing and Urban Development, and Atlanta Mayor Shirley Franklin. One undercurrent of the event will be the apparent 

success of West Highlands at a time when the Bush administration is calling for the elimination of the federal program that 

helped pay for the new community. 

The potential evolution could not be more dramatic in a neighborhood where the housing project had long cast a big and unsettling 

pall. 

"Perry Homes didn't just scare development away; it repelled it," Brock says. 

Impoverished residents simply overwhelmed their neighborhood. They had virtually no disposable income, so the big grocery 

stores and other retailers never came calling. The numbers are staggering. 

After Perry Homes residents began moving out in 1998, household income shot up by 73 percent. Figures released by the housing 

authority show the area's median household income rose from about $12,200 in 1990 to $21,000 a decade later --- after 

some 2,300 individuals moved from Perry. 

Brock's tour wasn't through West Highlands. His first homes there are just starting to come out of the ground. The developer was 

driving through three communities he built a short distance away. 




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The 161 houses in Adams Crossing have sold out, and about 10 of 61 houses remain available in Parkview. Both communities 

have Craftsman-style houses in old-fashioned neighbhorhoods, where houses are close to the street and have sitting porches 

overlooking sidewalks and alleys in the rear. 

Houses in the third project, like the previous two, are being purchased by young buyers who want to live intown but balk at skyhigh 

prices in more established neighborhoods, Brock says. Dupont Commons will offer a wider variety of architectural styles 

along with a clubhouse, pool, 4-acre park and putting green. 

At West Highlands, Brock plans to build about 1,100 single-family houses ranging in price for most buyers from $179,000 to 

$400,000-plus. Initially prices will start in the $200,000s and rise as the project is completed over the next seven or so years. 

Also in the first round of construction will be houses with prices starting at $149,000 and reserved for buyers with household incomes 

that are below the metro median. 

The first phase of apartments in West Highlands has opened, and all 124 units are occupied. Many are former residents of the 

old housing project, says Noel Khalil, a partner with Columbia Residential. All must adhere to strict guidelines of good behavior. 

Khalil has big plans for the area and is one of its most vocal supporters. He plans to build about 700 additional rental units in 

West Highlands, many reserved for residents with incomes below the metro median. 

Khalil is familiar with transitional intown markets. He hit the mark with an apartment project offering lower-cost housing south of 

Little Five Points. Khalil also will build the residences planned next door at the mixed-use development on Moreland Avenue by 

Sembler Co. 

Khalil readily admits that buyers of Brock's houses are moving into a part of Atlanta that, at best, can be called transitional. He 

thinks the investment soon will be worth the potential challenge of pioneering in West Highlands. 

"They are getting a huge value in their house because they'd have to pay an extra $200,000 for the same house in other parts of 

Atlanta," Khalil says. "There will be a slight inconvenience in the short term, but in the long term this will be a terrific community." 

The boosters of West Highlands think the stars have aligned for the area to turn around. In addition to benefiting from a renewed 

interest in intown living, the project got a bump from the government. 

The federal government provided $20 million to revitalize the community through the Hope VI program. The housing program 

allows for public-private partnerships to tear down dilapidated public housing complexes and replace them with mixed-income 

communities. Some well-known examples in Atlanta include Centennial Place, between Georgia Tech and downtown Atlanta, 

and the Villages at East Lake, between downtown and Decatur. 

Local governments stepped up, as well. The city and county governments and the Atlanta school board approved a special tax 

incentive to pay for new roads, sewers and other infrastructure in the area around Perry Boulevard and Bolton Road. 

The region around West Highlands has improved sharply since the demolition of Perry Homes was started six years ago. 

Nearby, Brock's three subdivisions anchor the western border, and he intends to build a total of 30,000 square feet of retail on 

three corners he owns at the intersection of Marietta and Bolton roads. He had hoped to sell the land to a retailer but decided to 

build a neighborhood node by himself because the only potential takers just wanted to build gas stations. 

Closer to downtown Atlanta, a new apartment development poised to open on the border of the Georgia Tech campus erased a 

foreboding metal recycling center. 




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Residents are moving into Atlantic Station, and construction has started on its retail complex. Just north of Atlantic Station on 

Northside Drive, Selig Enterprises is developing a residential and retail center near Howell Mill Road and I-75. 

Earlier this year, the Atlanta Regional Commission provided $75,000 in study money that investors expect to use to begin redeveloping 

a swath of 1,600 acres of largely industrial land west of Northside Drive. 

Brock says he's comfortable with his investment in and around West Highlands. Before taking on Atlanta's western frontier, he 

built subdivisions in a region near MARTA's Brookhaven station, which, at the time, was viewed as marginal. 

"There are still some very bad spots just a mile from West Highlands," Brock says. "But I look for areas that can be turned 

around, and this area never scared me. It has the critical mass to be a very successful community." 

To see more of The Atlanta Journal-Constitution, or to subscribe to the newspaper, go to http://www.ajc.com 

(c) 2004, The Atlanta Journal-Constitution. Distributed by Knight Ridder/Tribune Business News. For information on republishing 

this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com. 




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DEMOGRAPHICS 




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DEMOGRAPHICS (contd.) 




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CONTACT INFORMATION 

619 EDGEOOD AVENUE 

STE 300 

ATLANTA, GA 30312 

(678) 686-3100 

Chris Carter 

chris@vantageatl.com 

Gene Rice 

gene@vantageatl.com 

Matt McGee 

matt@vantageatl.com 

Paul Serio 

paul@vantageatl.com 




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BOLTON VILLAGE

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