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Ponce de Leon Zesto closing

Ponce de Leon Zesto closing

ATLANTA -- The Zesto Drive-In restaurant at 544 Ponce de Leon Avenue will close its doors Sept. 20 after 60 years in business.

The Livaditis family sold the property to an undisclosed buyer, according to Zesto’s website.

The restaurant opened at the spot on Ponce in 1954 and sold only ice cream. The small original walk-up building was razed and rebuilt in 1991. The building, which features a classic diner look, earned the Atlanta Urban Design Commission’s Award for Architectural Excellence in 1991, and has been seen in many TV shows and commercials and feature movies since.

The other five Zesto locations around metro Atlanta will remain open.

Curbed.com names its Top 10 Atlanta Projects for 2014

Curbed.com names its Top 10 Atlanta Projects for 2014

ATLANTA -- Real estate website Curbed.com has released a list of Top 10 Atlanta Projects for 2014.

In introducing its list, curbed.com says, “Whether they're wrapping up, just starting or somewhere in between, major projects will be making mega progress all year long. Step back and think about it: Can any other city compete with a roster like this? Not just this year, but in any single year?”

Curbed.com's top 10 are:

Old Fourth Ward restaurant P'cheen to close

Old Fourth Ward restaurant P'cheen to close

ATLANTA -- After eight years in business, an Old Fourth Ward hangout known for its moonshine is saying goodbye.

P'cheen International Bistro & Pub on Highland Avenue plans to close for good on Feb. 9, say its owners.

Restaurateur Bernard Moussa of Woodfire Grill is buying the business and turning it into a cocktail-driven restaurant and bar.

"Nothing about it is easy," said Alex Friedman, P'cheen chef and co-owner. He runs Atlanta restaurant group Georgiaville Food Co. with Keiran Neely and Mike LaSage. The trio also owns Pizzeria Vesuvius, Edgewood Speakeasy and Bone Lick BBQ.

WATCH | Chef Alex Friedman on 'Atlanta & Company'

"It was our baby. It was our first restaurant. It's sad to see it go," Friedman said.

Ponce Hotel sells for $1.6 million

ATLANTA -- An intown Atlanta hotel has a new owner.
The Ponce DeLeon Hotel, located just blocks from the future Ponce City Market, has sold for $1.6 million, according to Fulton County court records.

The new owners, Nazar Holdings LLC, might turn the 58-room, 18,500-square-foot building into student apartments, according to sources.

Nazar could not be reached for comment.

For many neighborhood leaders, the hotel sale represents a step in the right direction.
It also signals that Ponce City Market, a massive project that's transforming the former Sears building into a hip, mixed-use community, is becoming a powerful catalyst for redevelopment along Ponce.

"This real estate transaction is, in my mind, another spill-over effect from Ponce City Market and the tremendous impact it is going to have on all of our intown neighborhoods in this area," said John Wolfinger, who leads the Virginia-Highland Safety Team.

Old Fourth Distillery reaches $40K Kickstarter goal

ATLANTA -- Atlanta's first distillery since Prohibition -- Old Fourth Distillery (O4D) -- has reached its $40,000 goal in a crowdfunding campaign on Kickstarter.com.

The distillery, a project of brothers Craig and Jeff Moore, received federal approval on Aug. 12. The pair have leased 3,000 square feet of space at 437 Edgewood Avenue in the Old Fourth ward neighborhood and plan to invest around $850,000 to launch the distillery, which could open in April or May of 2014, Scoutmob reported in October.

RELATED | Brothers to crowdfund Atlanta distillery

Scoutmob said the brothers had begun the build-out of the space and procured a 1,200 gallon tank.

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

With all the hype and Black Friday campouts at Best Buys and Toys R Us, you'd guess that the majority of holiday shopping budgets go to purchases like electronics, toys and clothing. But according to new research, the biggest share what comes out of your holiday wallet actually goes to ... groceries and restaurants.

New data from Card-Linked Marketing leader Cardlytics -- collected from millions of U.S. households over the past two years -- shows what consumers actually spend their money on during the holiday season.  When it comes to holiday shopping Americans are spending 24% of their budget on groceries followed by restaurants and apparel.  Toy purchases are actually at the bottom of the list.

The Top 10 Share of Wallet (see link/attached for graphics and pie charts for 2011 and 2012 holiday spending):

1. Groceries - 24%

Old Fourth to crowdfund Atlanta distillery

ATLANTA -- Old Fourth Distillery says they will be launching a Kickstarter campaign "within a week."

The distillery, a project of brothers Craig and Jeff Moore, received federal approval for the distillery on August 12. The pair have leased 3,000 square feet of space at 437 Edgewood Avenue and are planning to invest around $850,000 to launch the distillery which could open in April or May of 2014.

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