In The News...

More retail, housing coming to downtown Decatur

The Atlanta Journal-Constitution
Paul Donsky
November 2nd, 2007

More retail and residents could be headed to booming downtown Decatur.

Officials with Atlanta-based Day Capital Partners said they are exploring the possibility of building a retail strip and a multi-family housing development at the parking lot of a 10-story office building the company purchased in late October.

Planning is in the early stages, officials say, but the redevelopment might include a hotel. The company plans to keep the 43-year-old office tower, Decatur Court, which is about 90 percent leased.

The building is a few blocks west of the Decatur Square on West Ponce de Leon Avenue. The strip has blossomed in recent years and is now home to boutiques, cafes, restaurants and condominiums.

Day Capital principal Robert Day said he was attracted to the urban, pedestrian-friendly flavor of the area, as well as the Decatur Court site, which sits on almost five acres — a rare piece of underused property in the largely built-out city.

Day Capital bought the building for an undisclosed amount from the Kaufman Realty Group investor partnership, headed by Craig Kaufman. The realty group was represented by Carter Real Estate.

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