Paul A. Eisenstein, The Detroit Bureau, reports today that “the on-again/off-again tie-up of Porsche and Volkswagen finally is set to be completed after a series of potentially costly snags that threatened to scuttle the deal.
“The marriage – which follows an abortive David-and-Goliath effort by the smaller maker that triggered an assortment of lawsuits and a feud within the extended Porsche family – is “expected…to take effect as of August 1, 2012,” Volkswagen says.”
This explains Porsche’s purchase of an additional 30 acres at Aerotropolis in Hapeville that was optioned when the original merger was planned. It seems certain now that Volkswagen will be building their 200,000 square foot offices and bringing some executives from Germany to Atlanta.
Certainly, Hapeville’s renaissance is starting! This hidden gem of Atlanta will be the next “Hot” in-town neighborhood. Already quality, upscale housing exists at the Courtyards of Hapeville and Asbury Park. Both neighborhoods are offering a new look to the city. Asbury Park is higher density, with a very urban feel as it is nestled in between the two commercial centers of Hapeville, Virginia Avenue and Central Avenue.
The Courtyards of Hapeville, within walking distance to the Aerotropolis, Delta’s World Wide Headquarters, and Korean Air Cargo‘s U.S. headquarters has a more residential ambiance. It is just a block away from a recently refurbished park and, in another direction, from the Teaching Museum, with its old ball fields and play areas.
Wikipedia describes Hapeville thusly, “Since 2005, Hapeville has seen significant gentrification, beginning with the Virginia Park neighborhood and then spreading throughout the city. Hapeville has been discovered by young professionals seeking historic neighborhoods close to downtown Atlanta, and there has been a great deal of new residential construction, including single-family homes, townhomes, and upscale apartments. This new residential development has led to a revived historic downtown. Hapeville has also been discovered by metro Atlanta’s arts community, and the beginnings of an artist colony have taken shape with the formation of the Hapeville Arts Alliance. The Hapeville Historic District is listed on the National Register of Historic Places.”