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CANTERBURY TALES

Atlanta

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CANTERBURY TALES
A local real estate investor has just bought a nice slice of Buckhead. And for the time being, he's just gonna sit on it.
 
Canterbury Road Lenox Will Stolz Resource Real Estate Scott McGregor John Haynes residential townhouses
A partnership with Will Stolz  called TI Canterbury purchased an undeveloped 1.8-acre parcel on Canterbury Road near the intersection of Lenox. It's one of the few undeveloped residential spots left in the heart of Buckhead, and was foreclosed upon in January by the First National Bank of Georgia on a JV between Kennedy Capital Group and Capital Partners Development with a $1.7M loan, according to Databank. Will purchased the parcel for $750K, and under current zoning can develop  26 townhousesJohn Haynes and Scott McGregor  with Resource Real Estate Partners brokered the sale. For now, Will has no plans to develop the land. ?Essentially we bought it as an idea of an investment,? he tells us.