The Alpharetta Commerce Group click here is an investment group headed by John C. Maxwell. Mr. Maxwell is a former venture capitalist and is now the managing partner of the company. He is well known for his successful investments in high-tech enterprises. A former member of the Georgia State University Board of Trustees, Mr. Maxwell is a strong supporter of higher education and believes that the local economy would be hurt far more by not investing in education today. His efforts have borne fruit with the opening of the Innovation Park, which he is capitalizing on as a means of getting Georgia State University to build its online degree program. As a result, he has become one of the major investors in the community and has made his voice heard through his participation in civic engagement.
When Mr. Maxwell got out of college and decided to go into business, he looked at real estate to help fund his ventures. After years of failed investments, he became disenchanted with the commercial real estate market and thought that he might have to give up on some of his interests. That is, until he took a chance on Alpharetta Commerce, a beautiful piece of property that was newly built at what is now referred to as the Riverfront area of downtown Atlanta. This piece of real estate, valued at about $400K, was originally developed as an arena for a professional baseball league. It was later adapted as an outdoor sports complex but the location was never changed.
Mr. Maxwell saw an opportunity in this beautiful piece of land and immediately began transforming it into an active center for the community. Major improvements were made to the property, adding many amenities such as a swimming pool, gym, and basketball court. He also added much-needed greenery, an outdoor dining and drinking area and upgraded lighting. As a result, the property’s value has increased by more than a quarter million dollars. Mr. Maxwell has also invested heavily in the adjacent communities of Buckhead and Norcross, ensuring that each community attracts a steady flow of residents.
One reason why the sale of such a large piece of property has been so successful is the number of people who are aware of its existence. Buckhead is a busy residential area that enjoys a vibrant nightlife and many businesses are located nearby. Several big companies have headquarters in Buckhead, including Coca-Cola, Home Depot, apartment complexes, and retail shops. Many residents of Buckhead live in the area and the real estate values there have significantly risen over the years.
However, this investment is not just about making money. The community has benefited from the renewed interest in historic properties, the influx of well-heeled newcomers, and the preservation of the historical character of the area. In addition, the sale of this property is a way for the Alpharetta Commerce Group to ensure a long-term commitment to the future operations of the historic community.
“We are delighted that Mr. Maxwell is committing his time and resources to our community,” said Mike Griffith, the interim general manager of the Atlanta Development Authority. “This project will increase the value of our tax portfolio and help us attract and retain important business partners.” Mr. Maxwell told the AJC that he expects the sale of the property to generate a significant cash flow in the coming years. “The upside potential of this deal is extraordinary,” he said. Mr. Maxwell also anticipates that the additional traffic the building will attract will benefit the entire community. “The more people that come into the city, the more stores and restaurants we’ll be able to service,” he said.