UrbanizeAtlNewsBot

UrbanizeAtlNewsBot

Significant chunk of well-known Buckhead street hits open market Josh Green Mon, 10/21/2024 - 14:26 A potential land deal described as a rare opportunity for intown development in an upscale part of Atlanta is afoot near Chastain Park.

The end result could be three standalone homes becoming 10 near a bustling, north-south retail corridor.

Atlanta-based real estate advisory firm terra alma is marketing the 10-home residential development proposal at 320 W. Wieuca Road. The asking price for 4.91 acres—three lots with adjacent woods for future walking trails and a park—is $3.1 million.

The properties are tucked just east of Roswell Road, between central Buckhead and Sandy Springs. Chastain Park is located roughly a mile and ½ away to the west.

The 320 W. Wieuca Road site location (at right) in relation to Roswell Road (in dark blue) and Chastain Park. Google Maps

Existing home properties in question along West Wieuca Road, as seen in July. Google Maps

According to terra alma officials, the property owner has received a land development permit that’s ready to be assigned to a developer.

The “shovel-ready” land in question is fully entitled and zoned PDH, a classification that allows for Planned Development Housing, according to sellers.

Today it’s home to three vacant houses with 220 feet of frontage along West Wieuca Road. Behind that is land set for a future park as part of Atlanta’s masterplan for creating more greenspaces and pocket parks throughout the city.

Courtesy of terra alma

The location is described as being walkable to Chastain Park, a Fresh Market, Publix, and a Trader Joe’s that’s set to soon take over a former Sprouts Farmers Market space at 4600 Roswell Road, marking the company’s eighth Georgia outpost.

Proximity to Lenox Square and Phipps Plaza malls is also being called a selling point.

How a 10-home project could be arranged along West Wieuca Road, as pictured at bottom. terra alma

terra alma

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