Rising ATL project promises homeownership ‘without breaking bank’

Rising ATL project promises homeownership ‘without breaking bank’ Josh Green Tue, 08/06/2024 - 12:18 Here’s further proof the wave of new residential options in Chosewood Park isn’t relegated to blocks just south of the Atlanta BeltLine corridor.

Like Toll Brothers’ blend of condos, townhomes, and standalone houses called Nolyn Pointe, Atlanta-based real estate firm P. René Estates and Associates is under construction on a new pocket of housing on McDonough Boulevard, near Chosewood Park’s southwestern boundary.

The 31-unit townhome venture, Three Points at Chosewood Park, has recently brought its first offerings to market at 310 McDonough Boulevard, east of Interstate 85 and about four miles south of downtown Atlanta.

According to marketing materials, the Growth Homes-built townhouses are striving to blend “classic Atlanta charm” with modern sensibilities and design, promising “a way to become a homeowner without breaking the bank.”

Construction progress where McDonough Boulevard meets Grant Street. Photography by Game of Drones; courtesy of P. René Estates and Associates

The full 31-home site plan for Three Points at Chosewood Park. P. René Estates and Associates

Pamela René, the project’s developer and listing agent, said the 31 residences will span between 1,538 and 2,366 square feet, with either three or four bedrooms, three and ½ bathrooms, and one or two-car garages. Expect either white or charcoal-brick facades.

So far, the dozen units listed for sale range from $484,990 to $559,900. (Another consideration: Listings put the monthly HOA fees at $175 monthly.) Up to $30,000 in buyers’ incentives are being offered with the developer’s preferred lenders, per listings.

The first townhomes have entered the home stretch of construction, and move-ins are expected to begin this fall, per René’s firm.

As listings clearly illustrate, developers are bullish on the prospects of the nearly 40-acre Sawtell development site across the street. Developer Kaplan Residential filed plans with the city in September to start building that project’s first phase—to include 734 apartments and nearly 48,000 square feet of restaurant, retail, and amenity space, among other components—but more recent inquiries for construction updates haven’t been returned.

The townhomes’ proximity to the mixed-use Sawtell site, as noted in listings. Photography by Game of Drones; courtesy of P. René Estates and Associates

The 310 McDonough Boulevard site in relation to Interstate 85, Grant Park, Chosewood Park, Atlanta’s federal penitentiary, and other southside landmarks. Google Maps

Beyond the Sawtell site, the BeltLine’s Southside Trail, Grant Park, and The Ron Clark Academy are cited as nearby attractions.

In-home perks are listed as comfy living spaces with fireplaces, large primary suites, and well-appointed kitchens, with what’s described as a “state-of-the-art biking station” in the community for residents who prefer to get around on two wheels.

“Do not snooze and lose on this incredible opportunity to purchase low and have thousands in equity in the very near future,” listings urge.

René notes her company is also actively developing a single-family project priced from the $400,000s called The Highlands of Decatur near Panthersville.

Swing up to the gallery for more Three Points at Chosewood Park context and images.

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