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Talley Street Lofts

 

tally Street Lofts Logo 

Talley Street Lofts, a 90 unit condo complex located at the corner of Talley and Sams Streets is the first new residential housing in the Livable Centers Initiative (LCI) area. It is a 4 story building with a stucco and brick exterior and metal accents. The units are 1 bedroom, 1 bedroom with a den & 2 bedrooms with either 1 or 2 baths. The building includes a parking deck, conference room, pool, fitness room, and club room, as well as individual storage units. Features include granite kitchen counters, hardwood floors, 10-foot ceilings, lots of glass, tile baths, pool, fitness room, club room, parking deck, and many more. The complex is one block from the Avondale MARTA station and around the corner from the new restaurants at the East Decatur Station development. All appliances plus a washer & dryer are included! Buy before they are all gone! The complex is one block from the Avondale MARTA station and two blocks from the new restaurants at East Decatur Station. There are 15 lifecycle units selling at a reduced price with the other 75 homes selling at market. The price range initially is $119,900 (1 bedroom/1 bath lifecycle) to $219,000 (2 bedroom/2 bath market).

Decatur Housing Authority (DHA) is the developer and has secured $12.4 million in financing from Fidelity Bank, which purchased the tax-exempt bonds issued by the Authority. A 1.7-acre site was acquired by the Authority in December 2004 in an area designated by the City to be revitalized and become a residential and retail area. This development will be the first housing in the area.

Decatur adopted a lifecycle housing ordinance and the Authority's development was the first development proposed under its provisions for a density bonus if there was a lifecycle component in the development. The Authority's plan includes resale restrictions to ensure the affordability of the lifecycle units for a period of 10 to 20 years.

Due to a lack of available land and local housing prices, the Authority has entered into the condo development arena to meet Decatur's housing needs. In Decatur, service workers such as teachers, police officers, and firefighters can not afford unrenovated housing, let alone newly constructed housing. DHA is attempting to meet the broad range of housing needs in Decatur and is working closely with the City in its efforts to maintain a diverse community.

Furnished models show the units' potential and the attractive price point for Decatur has created a lot of interest among potential buyers!

Talley Street Lofts is the "Winner of 4 Homebuilder Professionalism Awards" from the Greater Atlanta Homebuilders Association. The "Obie", as it is called, is awarded annually in a variety of categories. The awards received by Talley Street were:

  • Gold Award for Best floor plan for single-family attached (all builders) $149,999 and under.
  • Gold Award for Best interior merchandising - Attached Model - priced $150,000 to $199,999.
  • Silver Award for Best Website (Builder)
  • Gold Award for "Best Urban Redevelopment/Revitalization Priced $199,999 And Under."

Talley Street is recognized as a significant contribution to the in-town housing market. Only limited opportunities remain to get your choice of units.

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