Real Estate Developer EDENS has quietly expanded their already significant land holdings in the Buckhead Village with a recent purchase.
3200 Cains Hill Place has been owned for 22 years by Michael Evans. Michael used the small office building on a 53-foot wide sliver of land as the headquarters for his floral shop Michal Evans Floral Design. The building that he purchased in 1998 for $200,000 happens to sit directly next to the Andrews Square shopping center that EDENS purchased a few years ago. This prime location has paid off handsomely, with EDENS acquiring the property for $2.5 million in early January 2020. This price is equal to $12,500,000 per acre for this small parcel.
Meanwhile, the next domino may be about to fall. The former headquarters of architect Bill Harrison of Harrison Design has been located in a modest 3-story office building next door for decades. Harrison Design has recently relocated to 3565 Piedmont Road leaving the property vacant, and it appears to be to be the next likely target for EDENS continued expansion of their land holdings in the Buckhead Village.