Imagine Downtown Inc. Closes $30 Million New Markets Tax Credits Loan

Imagine Downtown Inc., an affiliate of Atlanta Development Authority and Central Atlanta Progress, closed its first New Market Tax Credits loan to the Aerotropolis Atlanta (Phase I) in late May. Using $30 million of tax credit authority, IDI provided a loan of $6 million to developer Jacoby Development, Inc., the same company that oversaw the development of Atlanta’s acclaimed Atlantic Station mixed-use neighborhood. The project, which is to be located adjacent to Hartsfield-Jackson Atlanta International Airport, will develop a regional job and retail complex with up to 6.5 million square feet available for offices, retail, a hotel and a conference center over several phases. At full build-out, it is estimated that the project will create more than 10,000 jobs. Aerotropolis Atlanta is one of the largest shovel-ready projects in the Atlanta region.

Phase I is a $96 million project that will demolish all buildings and complete environmental remediation of the site, formerly the Ford Atlanta Assembly Plant. A 4,000-space off-airport parking facility with the largest clean-energy solar power array in the southeast will be constructed. Aerotropolis Atlanta will serve as the nearest parking location to the planned International Terminal, opening in 2011, and an attractive site for new businesses.

IDI was awarded an allocation of $80 million in New Market Tax Credits from the U.S. Department of the Treasury in 2007 and 2008.

JUMBO RATES BELOW 6%

Mark Dodson of The Private Capital Group e-mailed this news. He also reminded that two years ago they were almost 8%.

Water Restictions Eased

Governor Perdue announced today that due to significant rainfall and improved water supplies the Georgia Environmental Protection Division (EPD) has issued a non-drought schedule for outdoor water use for the first time since June 2006.

Congratulations to the Our Lady of Mercy Class of 2009!

Number of graduates: 54
Percent accepted to a college or university: 100%
Total number of college acceptances: 166
Armed Service Academy appointments: 6
Seniors who have signed to play college athletics: 7
Seniors who have earned an Eagle Scout rank: 5
Total scholarship amount received: $3,815,600*
Average scholarship amount per student: $70,659
*does not include funds from HOPE Scholarship

PRICE REDUCTION!

Prices on standing inventory at The Courtyards of Hapeville has been slashed! There has never been a better time to buy.

Another 200 Jobs Coming to the Aerotropolis

Kraft Foods Inc., the nation’s largest food company, is targeting Atlanta’s south side for up to a 1.1 million-square-foot warehouse and distribution center that could create at least 200 new jobs. See the Atlanta Business Chronicle story by Douglas Sams at atlanta.bizjournals.com/atlanta/stories/2009/06/29/story1.html?ana=e_ph

Better Than a Short Sale Pricing!

Chesapeake Development is offering a $ 100,000 incentive for the first home purchaser who signs a contract on a standing inventory home that can close by the end of April. This incentive can be used to reduce the sales price, use for closing costs, and/or options and upgrades. Why deal with the frustrations of a short sale when you can deal directly with the builder/developer.

This home was $ 538,650. Use the incentive and the price will be $ 438,650.
Home is open weekends: Saturday 11 to 5 and Sunday 1 to 5!
For information call 404-530-2814
Brad Nykamp

Courtyards Hapeville Lot 3 Under Contract – Bottom Line Pricing Extended through January 2009

Lot 3,  3177 Oakdale Road – Courtyards Hapeville

We have extended the BUILDER’S BOTTOM LINE PRICING THROUGH THE END OF JANUARY,2009!!!

One other lucky person will be able to purchase one of these exquisite courtyard styled homes if they contract by January 31, 2009.  We have three homes that can close within 60 days, one is our current model home.  All these homes have been drastically reduced, so take advantage of our low pricing and the historically low interest rates.

Please Call

Brad Nykamp – Realtor

404-295-0260

 

 

 

3391 MAIN STREET

COLLEGE PARK, GA 30337

404-530-2814

NEW 3 BED/2 BA FOR ONLY $269,900

909 Custer Street, Hapeville

This NEW, craftsman style home features 3 bedrooms, 2 baths, entry foyer, two story family room with stone fireplace, gourmet kitchen with granite countertops, stainless appliances, pantry, desk and breakfast bar, formal dining room with stone fireplace, two bedrooms and full bath on main, hardwood floors throughout main, upstairs, oversized master suite, master spa bath with oversized, jetted tub, separate shower and double vanities, loft overlooks family room, two car attached garage and much more!

Offered at ONLY $269,900!

CLICK HERE FOR A VIRTUAL TOUR!

Keller Williams Realty/Atlanta Classic
(404) 564-9500
Scott Eaves
(404) 518-3820
www.scottsellsatlanta.com
seaves@kw.com

Downtown Live Concert & Chili Cook-Off

Friday, November 7, 2008
6:30 p.m. – 11:00 p.m.
Jess Lucas Park

The City of Hapeville’s downtown comes alive each year with it’s “Downtown Live” concert series. This Fall’s line up includes Hapeville’s own “Jimmy Lovern Band” playing all your rock and roll and southern favorites! There will also be a Chili Cook Off to benefit the Christ Church project.