How The Lure For New Restaurants Aids Atlanta’s Real Estate Success
Ever since I moved to Atlanta nearly 15 years ago, I’ve enjoyed watching its explosion of growth. There’s much to be said about this city, and one lure is the abundance of restaurants and hip spots in what many consider the city’s most “happening” neighborhoods.
With Atlanta real estate continuing to outcompete other major metro markets like Chicago, Los Angeles, and Boston as an active place to live, real estate prices are still a long way off while the growth rate continues to be incredible. With the ever increasing population, cool restaurants pop up to support the new local markets. Many aspiring chefs now come to Atlanta to make a name for themselves. Chefs like Kevin Rathbun, Kevin Gillespie, and Richard Blais have flourished in the Atlanta.
While we love our big chain restaurants, nothing replaces the feeling of finding your favorite neighborhood spot or hole in the wall where you can host out-of-towners. As a result the city has a vast number of trendy restaurant options to be enjoyed by the locals and tourist alike, these trendy restaurants often add that je ne sai quoi to up-and-coming areas that continue to draw people in. Take West Midtown Atlanta for instance, up until recently it was an industrial area near a train yard. Today it is teaming with some of the top restaurants in the city and plenty of people lining up to move to this exciting neighborhood. Restaurants like BarTaco, The Optimist and JCT’s Kitchen offer high-end food and great places for friends to meet.
Buildings like Ponce City Market and Krog Street Market offer many eateries under one roof. Eateries like Botiwala, Brezza Cucina, and El Super Pan to name a few, provide a social eating experience in the heart of Atlanta’s most trendy neighborhoods- Old Fourth Ward. Of course real estate in these areas is skyrocketing and beginning to rival Buckhead in their price per sq foot.
We’ve already watched Brookhaven and Inman Park rise rapidly, in part, as a result of their proximity to exceptional restaurants. Here are the areas on my radar where we might expect to see more new restaurant activity: Downtown Atlanta, West End, Chamblee, and Bolton. Be on the lookout for hot new restaurants being announced in these areas and watch the real estate prices go.