BELTLINE RAIL ESTATE PURCHASE #1
Legendary Gwinnett County developer Wayne Mason is buying a choice corridor of kudzu-covered rail track that runs through the residential heart of Atlanta — a rusty line the city wants to revive as a transit system.
Mason is under contract to pay Norfolk Southern Corp. $25 million for the 4.6-mile rail artery running from DeKalb Avenue to Piedmont Park to I-85. The elongated strip of land amounts to about 67 acres.
The property is a key section of the Belt Line, a dormant, 22-mile railroad loop that Atlanta officials want to use as a transit path joining the city's historic neighborhoods and landmarks. The $679 million system would connect to several MARTA stations and move people from the Carter Center to Piedmont Park to the West End.
Source: ajc.com
About Me
- Burke Sisco
- Burke Sisco has completed intensive training in energy and environmental issues related to real estate transactions and excels as one of Georgia's very first Certified EcoBrokers®. In addition to energy-efficient, eco-friendly features of the house itself, Burke focuses on a niche market of location-efficient housing. These homes are generally found Intown Atlanta within some of the city's more walkable neighborhoods and village settings, and often in proximity to MARTA, bike paths, and the coming BeltLine. Visit Burke's other blog at www.ecohomeguy.com. Burke can be contacted at 404.421.9968.
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