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The Crossings at Four Corners Update

Thanks to Ben for the recent inquiry regarding The Crossings at Four Corners. There certainly have been more vacancies recently. You typically a property appear to deteriorate further before being redeveloped. As covered in the January update, The Crossings at Four Corners was purchased by Tri-Land Properties out of Chicago along with several outparcels in front of the shopping center in December of 2006.

The company has been working on several options and no final plans have been completed as of yet, but they are getting close. According to the company, they will working on lining up new tenants and should expect to have a finalized plan within the next 6-9 months and then start the redevelopment. This project will most likely mean a complete raze of the current structures due to functional obsolescence and a brand new concept replacing the current shopping center.

Above is a illustration of a possible plan for the Smyrna redevelopment project. Additionally, you can check out a proposed site plan for the project below (click on the site plan to enlarge).

Needless to say, Smyrna residents are eager to see the redevelopment of this parcel of land due to its high-profile and high impact on the future of this area of the city. Hopefully, the redevelopment of one corner will lead to redevelopment of the other corners as well. I will certainly keep everyone updated as I learn more about this property.

And keep the questions coming. It’s always great to hear what you want to find out about our community. Just click the button below to email us your questions.

Technorati Tags: The Crossings at Four Corners, Smyrna Real Estate, Smyrna Redevelopment, Smyrna Georgia

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As I was writing about Vinings home sales last week and while disagreeing with the AJC’s take on the Vinings home market, I realized that the name Vinings has long had a value placed on it, which obviously explains why so many neighborhoods not located in the Vinings use the name of Vinings.

At SmyrnaVinings.com, we provide information on over three hundred home, condo and townhome neighborhoods. So the question is, just how many neighborhoods use the term Vinings? As noted in last week’s post, you can see that 14 out of 35 actual neighborhoods in Vinings, use it in their neighborhood name. So how many other neighborhoods in the Smyrna Vinings area use the term Vinings?

Well, I just did a quick tally and a whopping 56 additional neighborhoods use the term Vinings in the name of their neighborhood. That means over 20% of all the neighborhoods in Smyrna Vinings use Vinings in their moniker. Here are all the additional “Vinings” neighborhoods not actually in the Vinings.

The use of the term Vinings is obviously abundant and spreads across all spectrums, from million dollar luxury homes to $100,000 condos. Does it increase the allure of the neighborhood, create a premium for the property? No, not really, but people just love Vinings.

Technorati Tags: Vinings, Vinings Real Estate, Smyrna Vinings Neighborhoods

Historic Vinings Village

The Vinings Historic Preservation Society invites you to a unique interactive evening of “History and Place”, to be held Thursday, June 26, 7:00pm, at the Pace House and Old Pavilion on Paces Mill Rd. The evening will be the unveiling of Tony Doyle’s new book “Vinings Revisited.”

After 8 months of compiling research, Tony says that there is much to “re-appreciate” about a sense of this place called Vinings. Have you ever wondered how Vinings got its name? This, and more comes with a comprehensive work of historic intrigue about our own backyard.

Tony will open the evening with introductory comments and make available some surprising opportunities for members to see and feel what old Vinings was like. Included will be several present deemed the oldest and interesting of those he calls “Elders”, who worked on the railroad, knew all the players, and provided many of their stories in the book.

“This is an opportunity to become aware of just how much myth, legend, and history surrounds Vinings, and underscores the importance of it’s preservation. All that being relevant, its Thursday and a work night, so no flipcharts or long lecture. Come, learn, and enjoy.” -Tony Doyle

“Vinings Revisited” will be available for purchase beginning at 6:30, with brief discussion at 7:00pm.

RSVP as space is limited
770-432-3343 Gillian Greer, Executive Director
vhps1874@bellsouth.net

Technorati Tags: Vinings History, Vinings Historic Preservation Society, Vinings Village

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Smyrna Soccer Club announces registration dates for the Fall 2008 season.

Open registration for Fall 2008 will be held at the Smyrna Community Center

Registration forms (click here) w/payment can be mailed to and must be postmarked by Monday, July 14, 2008:

Click here to learn more about all of the Smyrna Vinings Sports Programs.

Technorati Tags: Smyrna Sports Programs, Vinings Sports Programs, Smyrna Soccer Club

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A recent survey and a rate increase could mean more competition for homes

Recent indication is that first time home buyers are getting tired of sitting on the sidelines. According to a recent online poll taken by the National Apartment Association, 17 percent of renters plan to make the jump to home ownership in the next year; 41 percent of the 2,041 respondents planned to be home owners within two years. Only 31 percent planned to still be paying rent five years from now.

Another factor that could very soon contribute to an increase in home buying could be rising mortgage costs. Fixed-rate mortgage rates rose to 6.32 percent, the highest it has been since October. After months of aggressively dropping interest rates, many lenders are worried that the Fed will be forced to raise rates back up. As interest rates rise, so do mortgage rates.

According to a press release on freddiemac.com, Frank Nothaft, Freddie Mac vice president and chief economist said that, “Mortgage rates jumped this week after a number of Federal Reserve officials, most notably Chairman [Ben] Bernanke and Vice Chair [Donald] Kohn, expressed concern over a threat of inflation.” We may very well be seeing the beginning of the end of the super-low mortgage and potential buyers may realize that with rising rates, now may be the time to jump in. Nothaft added, “Moreover, pending home sales for April unexpectedly rose by 6.3% and mortgage applications for home purchases … were also up last week.”

If you’re undecided on whether it’s the right time to buy your new home, feel free to contact us for a complimentary homebuyer consultation.

Technorati Tags: Interest Rate Update, Homebuyer Trends, Smyrna Real Estate, Vinings Real Estate