Inman Park Properties Faces Foreclosure on Historic Buildings

Fresh Loaf, an excellent Creative Loafing blog, published a fascinating story last week about the implosion of Inman Park Properties, a real estate company that owns quite a few historic properties around Atlanta.

After years of sitting on many otherwise abandoned properties, Inman Park Properties is facing a number of foreclosures.  Quoth Boyd Coons, director of the Atlanta Preservation Center –

“His buildings may have been in terrible condition, but at least they were still there.  We now have real fears about what’s going to happen with all these properties.”

I can only echo Boyd’s concerns.

I hope these properties will fall in the laps a few preservation-minded developers.  It’s a shame so many are rotting and empty, but it’d be awful if we lost these buildings for good.  So often developers will see the bottom line, but fail to consider the irreparable (and admittedly less visible) costs of tearing down a neighborhood landmark or rending the urban fabric.

The Atlanta Journal-Constitution also weighed in on the situation.  Be sure to read the posts by Terminal Station and Atlanta Unsheltered, too.

Related: The Georgia Trust’s Places in Peril (2008) included “The Castle” on 15th Street, home of Uncle Remus-inspired gardens and woodwork.