I received the following press release about the first commercial tenants at Glenwood Park. I'm particularly happy that the owners of Joe's are opening a new coffee shop there. I'm a firm believer in the rule of thumb that one criterion for an urban area is that residents can leave their home on foot and be served a good cup of coffee within five minutes of their door.
===============================================================================
Glenwood Park signs first retail
tenants;
Babalu, Perk add to mix of
uses at landmark new urbanism project
ATLANTA (March 29, 2005) –
Glenwood Park, the new urbanism development rising two miles east of downtown
Atlanta, has signed a Latin restaurant and a coffeehouse as its first retail
tenants.
The restaurant, Babalu, and coffeehouse, Perk,
are scheduled to open June 1 in buildings overlooking Glenwood Park’s Brasfield
Square, the community’s town center. Perk is owned by the same people who
operate Joe’s East Atlanta Coffee Shop, and Babalu is owned by Atlanta
restaurateur Hilton Joseph.
Babalu, a new restaurant that will feature Latin
food, an international bar and tapas, and Perk will be the first of many unique
neighborhood retailers and restaurants in Glenwood Park’s town center. Green
Street Properties, the primary developer of Glenwood Park, is working to ensure
that the environmentally friendly project maintains a human scale with a quality
mix of residences, offices and retail shops that will not only serve the needs
of the residents, but also those of visitors and the surrounding
communities.
Glenwood Park is a 28-acre mixed-use project just
off I-20 at Glenwood Avenue and Bill Kennedy Way (formerly the Glenwood-Memorial
Connector) in Atlanta. Construction began on the first single-family homes,
townhouses and retail at Glenwood Park in 2004. When completed, Glenwood Park
will comprise 325-360 residences, 20,000 square feet of office condominiums and
50,000 square feet of retail, as well as parks and green spaces.
“The addition of the restaurant and coffeehouse
enhances the wonderful mix of uses at Glenwood Park,” said Katharine Kelley,
president of Green Street Properties. “Our retail development partner is The
Meddin Co., which brings incredible strength to the project.” The Meddin Co. is
known for its role in developing the retail mix in Atlanta’s Virginia-Highland
neighborhood.
“We have been very particular in making sure we
bring the right mix of retailers and restaurants into the neighborhood, and
Babalu and Perk fit perfectly,” said Ann Mijanovich, a broker at The Meddin Co.
She and fellow Meddin broker John Graham are marketing the retail space at
Glenwood Park.
Glenwood Park is emerging as a walkable, lovable,
tree-lined community where different uses are being intertwined to enable people
to stroll from one end of the project to the other, enjoying the shops, parks
and scenery along the way.
The first residents moved into Glenwood Park in
October. More residents will move in when the first phase of condominiums and
townhouses are completed this spring. To date, nearly 70 percent of the Glenwood
Park condominiums released in phase I have been sold.
Prices for the remaining condos range from the
$170,000s to the high $200,000s. The one- and two-bedroom units feature bamboo
floors, 9- and 10-foot ceilings, granite countertops, stainless steel appliances
and large windows. All are being built using the EarthCraft House program, which
will ensure that the homes are energy efficient and environmentally
friendly.
“The condominiums provide the opportunity to live
in an exciting Main Street environment that overlooks retail stores and shops
and a beautiful park reminiscent of the squares in Savannah,” Kelley
said.
Glenwood Park’s town center ultimately will
contain 50 condominiums in four buildings around Brasfield Square. The buildings
will include 50,000 square feet of retail shops and restaurants, including
Babalu and Perk.
Green Street Properties is the primary developer
of Glenwood Park, a lively new city neighborhood being created two miles from
the center of downtown. Green Street was formed in the summer of 2001 when
Charles Brewer, Katharine Kelley and Walter Brown joined forces to help create
walkable, interesting, and environmentally friendly neighborhoods.