Small town in the big city finds full complexes and business vitality restored.
Online PR News – 12-May-2010 – – With dismal projections for real estate the past 2 years to conservative expectations now, Decatur mixed use projects have found an unexpected surprise. This Spring Season has brought a full occupancy to more than one project. February brought occupancy at East Decatur Station to 98% surpassing expectations of even the best of times. ACME lofts on West Howard Ave is 100% leased. Nearby small buildings are also full and buzzing with newly leased spaces. Central land to these complexes had been donated for a refugee farm and unfolds in neat crops .
The community of diverse businesses and easy use of alternative transportation are a strong contrast to more standard office space in Atlanta Ga. Many traditional office complexes in Atlanta are operating at under 75% occupancy or even worse.
This mixed use success has been attributed to a few elements. The first being spaces are for a variety of uses. Inventory is not duplicated as it can be in a large conventional office building. East Decatur Station houses CrossFit personal training in a warehouse next to Push Push theater. Across from this building, there are 2 story live work units and offices. These buildings wrap a courtyard housing a small Restaurant, Ducks Cosmic Kitchen. This diverse type of business space appeals to a diverse tenant group, landing musicians next to architects next to accountants and so on. The tenant mix creates a vibrant platform for community.
Local support is essential for this success as these complexes are used by nearby residents. At ACME lofts, neighbors stroll to Thinking Mans Tavern on Spring evenings. ACME business are staffed by employees living in Decatur and nearby Oakhurst or Kirkwood, adding more emphasis to the localized economic recovery. Most of these complexes have bike racks placed at even intervals outside, welcoming the alternative commuter.
These buildings, with the mix of open air common areas and community businesses, find a loyalty in the neighborhood. The repeat customer and local entrepreneur are the foundation for this success. "We anticipate this trend of occupancy to include our warehouse space in Atlanta Ga over the next few months" claimed Meghan Byrne DeCastro, "inquiries have increased steadily since January".