Investment Profile Summary

Historically a manufacturing/warehouse site, 278 Oak was re-categorized and entitled as The Mill District to include residential and mixed use components.  Avila purchased the property in 2014 and is currently working towards design of the 13 acre property, which is anticipated to be comprised of multifamily rental, for sale townhomes and other uses.   Moreover, 278 Oak has direct access to The PATH, a 20+ mile network of trails in and around the metro Atlanta area for walkers, runners, skaters, and cyclists.

Avondale Estates lies east of the City of Decatur and was founded in 1924.  It is the earliest known planned community in the southeast.  Modeled after Stratford-upon-Avon, the birthplace of the English playwright and poet William Shakespeare, the City planners’  original vision was to create a community mix of residential, retail and recreational uses.   With the majority of the single family framework in place, the retail form of Avondale Estates is undergoing transition.    The multifamily rental, for sale townhome product and other uses to be constructed at 278 Oak will not only fulfill Avondale Estate’s need for a variety of housing options, but will also help stimulate the urban retail node.