Atlanta city is the capital of the state of Georgia as well as the cultural and economic capital of the Atlanta Metropolitan area and is home to 420,003 people as per the 2010 census. It is also the administrative capital of Fulton County. As the most populous city in Georgia and economic center of the Atlanta Metropolitan area, it acts as a support to around 5,268,860 people again as per the 2010 census (Korber 7). In this regard, Atlanta is the leading business and transportation center in the Southeastern United States with its connection to the highway, railroad, and air. The city’s Hartsfield-Jackson Atlanta International Airport was voted as the world’s busiest airport in 1998. With a long history of since before the European settlement, the city which occupies an area of 132.4 square miles, has grown to become the center for education, business, services, information technology, and finance with an economy placed at 15 positions in the world and 4th in the country according to the World Cities Study Group (Keating 50). Major corporations have their operations in the city or the metropolitan area including Coca-Cola, Turner Broadcasting, and Home Depot among others. In addition, contributing to the city’s economy is the level of visitors per year. In 2010, the city welcomed more than 35 million tourists both domestic and international. The population of the city is also culturally diverse with many ethnic and religious backgrounds. The city also enjoys a mild climate with hot summers and mild winters that together with changes in the neighborhoods. This is because of increased incomes driven by the 1996 Olympics. Moreover, the city has seen its demographics, culture, and image change which has direct impacts on real estate development (Korber 10). A discussion of the history of the city and the path the city has taken in its development will complete the historical development of the real estate in Atlanta. History of the development of Atlanta According to King (95), Atlanta city began at Fort Peachtree where Peachtree Creek met the Chattahoochee River, and nearby stood the Indian village of “Standing Peachtree”. At this time, the place acted as the borderline between the Creek Indian lands and the Cherokee territories and it is believed that a large peach tree stood here after which the name Peachtree comes from. It is at this same point that Fort Gilmer later named fort Peachtree, was built by the Americans during the civil war, apparently to watch over the neighborhoods, which could have been to watch over the Indians. Today the fort hosts the Water quality monitoring station. Another development that shaped the development of Atlanta is the 1826 survey by Wilson Lumpkin and Hamilton Fulton for a future railroad site of Chattanooga, Tennessee, and Milledgeville, which was then the capital of Georgia. This site was later identified at Pittman Ferry near Hog Mountain, which is now Norcross, but the many creeks, valleys, and uncompromising gradients forced the change of site. This was settled in 1837 at the place where Foundry Street crosses the railroad tracks adjacent to the Georgia World Congress Center, downtown and the development of Atlanta began (Kaufman 43). The same year, the rail station site wa