• Atlanta

Growth in Chamblee-Tucker is Driving Commercial Real Estate Market

In secondary markets throughout metro Atlanta, there has been a resurgence of commercial real estate growth and adaptive reuse as markets like Chamblee-Tucker are investing in creating walkability, community and a sense of place. Billed as the “Gateway to the Atlanta Metropolitan Area,” the city is home to the Chamblee MARTA station and Dekalb Peachtree Airport (PDK), and has experienced growth in its commercial real estate market during the last couple of years.

In fact, the Chamblee MARTA station is home to an 80,000-square-foot development featuring a 70,000-square-foot office building and 10,000 square feet of retail space, which is expected to be complete this spring. A joint venture between Parkside Partners and Pattillo Industrial Real Estate is developing the property on a two-acre site across from the station. Last week it was announced that Parkside Partners will also redevelop three warehouses next to the station into 90,000 square feet of loft office, retail space, a showroom and restaurants.

This is not the only property that’s prime for tenants seeking office space in the area. Located on the Chamblee-Tucker border at 3730 Chamblee Tucker Road (pictured) sits a 43,392-square-foot, two-story office building. The building, renovated in 2007, includes 139 parking spaces and offers easy access to the interstate, as well as a plethora of nearby shops and restaurants.

Several multifamily and mixed-use developments were recently delivered or are underway, and will deliver nearly 1,100 residential units to the area. The Olmsted, with 283 units, opened last summer; SLX Atlanta, with 311 apartments and 23,000 square feet of retail, restaurant and office space broke ground last year; Parkview on Peachtree, featuring 503 multifamily units and 45,000 square feet of retail space, is open and has been on a leasing tear, announcing five new retail, restaurant and service concepts in January. Also approved for development is The Malone on Peachtree, an age-restricted community with 205 units.

Another coup for the Chamblee-Tucker area is the recently announced renovation of Northlake Mall. ATR Corinth Partners is currently developing the master plan for the nearly 1 million-square-foot project. With a variety of projects underway, the future for the city of Chamblee-Tucker looks bright and it will be interesting to see how it continues to develop during the next couple of years.

 

  • Atlanta

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