Estimating Appreciation From New Developments

[Sam Valme]

Hey BP,

I have a question about how seasoned investors estimate appreciation in a neighborhood. I am looking at an area in Southern ATL that is going to have a movie studio built at a shutdown army base. I know this is going to create a lot of jobs in a relatively depressed area. But the more I think about it. I really don't have any details on why I think the area will appreciate besides the fact more jobs will be brought to the area. 

So that begs the question. When y'all have some insider info that a new building project is coming to an area. What are the details that the pros look for to determine a prime time to buy? What are the things I should be looking for to better understand the opportunity that may be coming to this area? 

Thanks in advance!