GM Plant In Doraville Finds A Buyer
In our challenging economic and real estate times, this is like the Boston Philharmonic breaking out with the Willimam Tell Overture!
In a story in the Atlanta Journal-Constitution on January 28th, it was reported that Orlando-based New Broad Street Cos has signed a deal to buy the massive 165 acre site, adjacent to the Doraville MARTA Station and the intersections of I-285 and I-85, also known as Spaghetti Junction. The company has said it plans to build a "clean and green community of houses, shops, restaurants and offices on the site. The deal is expected to close in early summer, altho the purchase price will not be disclosed.
Back in May, 2008, I wrote a blog post about this exciting opportunity for the city (more like a town) of Doraville. The City of Doraville has been skipped for many developments that have jumped to its neighbor, Chamblee, or even farther North to Norcross. Now, Doraville will have the chance to claim its right to "being on the map." An article about MARTA in the AJC once indicated the Chamblee MARTA station by name, but the Doraville station was but a dot on the map, with no mention of the station name.
Later, in August, 2008, I wrote another post about the Final Four. In glancing back at my previ0ous posts, I cannot confirm if New Borad Street was in fact one of the Final four that GM had been considering.
An interesting website, The Doraville Project, gives you more detail as to the size and scope, as well as the location of this impressive piece of land!
I've been absent from Doraville politics even though my "suburban" home is located there. I think I'll be paying a bit more attention to this now, and hope to keep you informed of any updates.
And for those of you not familiar with where Doraville is in relation to Midtown Atlanta, here is a map!
If you want to think ahead, there are some close-by neighborhoods that offer some great values NOW, that will most likely appreciate in the years ahead as this development comes along. One in particular is within walking distance of the MARTA station. If you are interested in Doraville Real Estate, we would be happy to show you what available as well as the area around this up-and-coming development!
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