Atlanta-based real estate firm terminates agreement with Haberhsam Co. to buy old courthouse

Atlanta-based Parkside Partners LLC notified the Development Authority of Habersham County on Monday that they would terminate an agreement in place for over four months for them to buy the old Habersham County Courthouse in downtown Clarkesville.

Publish Date: Tuesday 24th December 2024
Share 
Atlanta Real Estate News
Atlanta Real Estate News

Atlanta Real Estate News category interest

Atlanta-based Parkside Partners LLC notified the Development Authority of Habersham County on Monday that they would terminate an agreement in place for over four months for them to buy the old Habersham County Courthouse in downtown Clarkesville.

The agreement was made on May 31 for Parkside Partners to purchase the old courthouse at roughly 2.07 acres for $500,000 with plans to redevelop it for retail, office, restaurant, and residential units for sale as well as a parking garage in the basement.

In the notice of election to terminate the agreement, Parkside Partners wanted the release of the earnest money due to “unsatisfactory title conditions.”

That request is under review of counsel as of now.

Chairman of the Habersham County Development Authority Jim Butterworth said he is disappointed in Parkside’s decision.

“Parkside unilaterally terminated the memorandum of understanding that would have led to the sale of the old courthouse,” Butterworth said in a press release. “We look forward to finding out their concerns as we move forward.”

There were no concessions and no tax incentives in the deal according to Habersham County.

The gazebo, Habersham County Killed in Action Memorial, and the Habersham County Agricultural Services Building were to remain under county ownership.

Clarkesville City Manager Keither Dickerson said he was disappointed it did not work out.

County Manager for Habersham County Alicia Vaughn said all government parties were in agreement on a 15-day extension to the due diligence which was not accepted by Parkside.

“I am proud of the collaboration between the county development authority and the City of Clarkesville,” Vaughn said in a press release. “We are disappointed but will move forward and continue to work together as we determine next steps.”

December 24, 2024

Story attribution: accesswdun.com, will-daughtry

Share 

More from Atlanta Real Estate News

Cities with the fastest-growing home prices in Georgia
Atlanta Real Estate News

Cities with the fastest-growing home prices in Georgia

1 / 50Stacker#50.

old in Atlanta public housing complex, warrant says
Atlanta Real Estate News

old in Atlanta public housing complex, warrant says

Kim, who was from South Korea, ran a shoe repair shop in metro Atlanta before his retirement.

JV Procures $134M Refi on Raleigh Mixed
Atlanta Real Estate News

JV Procures $134M Refi on Raleigh Mixed

Barings provided a $134 million loan to refinance the existing loan on Smoky Hollow in Raleigh.

Selling It in the ATL Reality Show - [site:name]
Atlanta Real Estate News

Selling It in the ATL Reality Show - [site:name]

Atlanta is the city that keeps on giving, especially when it comes to reality shows.

Amazon acquires 118 acres outside Atlanta, Georgia
Atlanta Real Estate News

Amazon acquires 118 acres outside Atlanta, Georgia

Amazon’s data center unit has acquired land outside Atlanta, Georgia.

Atlantas The Upton announces nationwide call for artists in residency
Atlanta Real Estate News

Atlantas The Upton announces nationwide call for artists in residency

The Upton, a new luxury development in Chosewood Park, launches an artist residency program offering free rent and a stipend to create community-engaging art under the theme “Grounded-In-Your-Light.”ATLANTA, GA – The Upton, Chosewood Park’s newest luxury multifamily development, is seeking proposals from talented artists across the country to join its residency program, themed “Grounded-In-Your-Light.” Curated by Gallery Residential, a premier property management agency renowned for supporting artists, the 18-month residency offers complimentary rent, expecting artists to create their work and participate in scheduled events three times a month.

Sign up for Atlanta Post Online Newsletters

Keep in touch with everything on Atlanta Post Online. Sign up for our newsletter!
 


Stats
Elapsed time: 0.6347 seconds
Memory useage: 2.58MB
V2.geronimo