This is one of the "entrance"s of Peachtree Lofts (on Peachtree Street).
"Any neighborhood which is in the direct path of a lower grade area is in danger of being blighted, especially if both areas are served by the same transportation line. The presence of inharmonious racial or national groups in a nearby area also represents a force which may lead to neighborhood decline. Usually the coming in of a lower income group or types of people who will not harmonize with the present occupants in the area results in great instability". (The principles of Urban Real Estate, 1939).
I do not agree with what the author argues, however, the "result" is living behind the bars.
This is a beautiful image, and quite evocative. I'm not sure I quite buy the link you make to Homer Hoyt's writings about urban change. He's writing about the decline in socio-economic indicators in neighborhoods, and Peachtree Lofts is an example of the reverse: gentrification.
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