Midtown Alliance Schedules Blueprint 3.0 Open Houses

Midtown Blueprint 3.0 MyMidtownMojo.com april 16, 2015It’s been awhile since the original Blueprint Midtown was conceived. What you see today in Midtown Atlanta, from new condominium buildings built over the last 10 years, streetscape improvements and such, are a result of that plan.

Midtown Alliance Schedules Blueprint 3.0 Open Houses

But as we know, all good plans need a review and an update to keep up with the changing times we ALL are experiencing. And so, the Midtown Alliance has announced a series of Open Houses to seek the input of Midtown residents, workers, employers and community stakeholders about what they want to see in the future of Midtown Atlanta.

As I know it, there will be some suggestion boards with ideas already on them, and you will be given an opportunity to “voice” your opinion about these potential projects. This is a great way to really gauge the public’s  thoughts about projects and the future.

Here are the upcoming Open House dates:

  • Blueprint 3.0: Input Session at Food Truck Thursdays 
  • Thursday, April 23 at 11:30 a.m. | Food Truck Park at 12th Street & Peachtree Street
  • Blueprint 3.0: Input Session & Happy Hour 
    Wednesday, April 29 at 5:00 p.m. | Saltwood- Loews Atlanta Hotel Midtown / 1065 Peachtree Street
  • Blueprint 3.0 Input Session & Coffee 
    Wednesday, May 6 at 8:00 a.m. | 800 Peachtree St., Suite D

You can RSVP (not required, but they would like to have an idea of the number coming!) HERE

 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Why Is Midtown Atlanta Inventory So Low?

Why Is Midtown Atlanta housing inventory low April 7, 2015This is a question/challenge I face daily when working with Buyers that are looking to purchase a Midtown Atlanta condo. After viewing properties in an afternoon, the question often comes up, “Is that all we are going to see?” My reply is often, “That is all there IS to see!”

Why Is Midtown Atlanta Inventory So Low?

I’ve attached a link below to an article that recently appeared on the website Inman News which is real estate news for real estate agents. Always good stuff and very informative. However, as I am sure you have heard, real estate is local, local, local. So while this article gives you that 30,000 foot view of the market and conditions nationwide, I wanted to touch two points that relate to Midtown Atlanta…

Value Disruption/Reset in 08/09

As the article states, between 2007 and 2010, we saw a major change in values in Midtown Atlanta. Condos that originally sold for $350,000 were selling in foreclosure for $190,000!  Prices have returned to the higher values, so those that purchased at the high price, may now finally be able to sell their condo and not be “under water” in terms of the value. Those that snapped up at that $190,000 certainly are ready to move, but….

SQ5 Under Construction April 7, 2015Where Would I Go? (Move Up) and Stunted New Development

A quick glance at the Midtown skyline gives one the impression of “Wow, look at all those new condo buildings going up!” Ahhhh…not so fast. All those cranes you see are producing a bumper (maybe even an excess) crop of rental apartments, NOT condominiums For Sale! For the Midtown Atlanta condo buyer, a primary reason for a move, is to move into the latest and greatest new building. But what do you do, or where do you move, when you don’t have ANY new buildings?

Current Midtown Atlanta condo construction is limited to a couple buildings and townhome developments and those prices start in the $700,000 range. That might be a bit more of a “move up” than many buyers can afford.

So, when we are out looking at Midtown Atlanta condos for you to purchase, it’s not me giving you any kind of “salesperson pressure” to make a decision. It’s the market telling you, make that offer now, or it may be gone while you think about it.

Here is a link to Why Is Housing Inventory So Low?

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Atlanta Condos For Sale |Lizzie Chapel Flats Inman Park

Lizzie Chapel FlatsLooks like another small, but unique condo option will be appearing on the Atlanta condo market in the near future!

What Now Atlanta reported that plans have been filed for the Lizzie Chapel Baptist Church in Inman Park.

Atlanta Condos For Sale |Lizzie Chapel Flats Inman Park

Karios Development will convert the historic church into 6 individual condominiums. “Located in one of intown Atlanta’s most popular neighborhoods, Lizzie Chapel Flats is a restoration and renovation project converting an historic church into six distinctive condominiums,” according to Kairos’ website.

The story reports that some $935,000 will be spent to build out the 6 homes, at roughly 2500 square feet each.

There is a web site for the development -minus any information about the development at LizzieChapelFlats.com

The location will be an awesome one…easy walking distance to the newly opened Krog Street Market as well as the Atlanta Beltline.

Where Are Lizzie Chapel Lofts

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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1065 Midtown Atlanta Apartments to Convert to Condos

1065 Midtown Condominiums1065 Midtown Atlanta Apartments

to Convert to Condos

1065 Midtown Atlanta, aptly named because its address is 1065 Peachtree Street and sits atop the Loews’ Midtown Atlanta Hotel, are going condo!

The condominiums were turned rental when the market went South. Now that prices are rebounding, the current owner of the apartments, TriBridge Residential are going to put the homes up For Sale. It’s reported prices will start in the $600,000 range and head up to $1M plus.

In an article in the Atlanta Business Chronicle, Douglas Sams’ article has an interesting statement:

TriBridge’s move will also be closely watched. Multifamily analysts are waiting to see whether renters will start to buy condos again now that the economy has improved and banks have started to loosen their lending requirements.

Now yes, there are some pretty high rents in Midtown Atlanta. You can easily shell out $3000 a month for a 2-bedroom. But will those renters have down payments ready? And keep in mind, a renter does not pay the monthly HOA fees, or property taxes. Their landlord does that. I think there are good many renters that will be priced out of a building like 1065 Midtown Atlanta, but on the other hand, there ARE buyers out there looking for the next new shiny condominium to move to….and this just could be it!

We will be touring the building in the coming weeks and will have a new community page built for MyMidtownMojo.com after that!

 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Water Tower Stacks Atlanta Announces Pre-Sale Opportunities

The Water Tower Stacks is one of a limited number of new construction projects in and around Midtown Atlanta for the condo/townhome buyer looking for NEW construction. The community is located in the Old Fourth Ward area, which is South of Midtown proper.

 Water Tower Stacks Atlanta Announces Pre-Sale Opportunities

Water Tower Stacks Old Fourth WardThe Water Tower Stacks Atlanta are located at the intersection of Irwin and Auburn Streets. What an awesome location….steps to the new Krog Street Market and the Eastside Trail of the Atlanta Beltline. Follow the Beltline trail by walking or biking and you’ll next hit Inman Park with more dining and shopping choices, then the Old Fourth Ward park and the exciting Ponce City Market! I mean, this location has urban written all over it! Head in the other direction towards the King Memorial and you’ll have access to the new Atlanta Street Car to take you to Downtown, World of Coke, The Aquarium, Phillips Arena and the new Atlanta Falcons Stadium! Wow!

This intimate community of just 10 townhomes features base prices starting at $575,000 and going up to $675,000 for the largest home, Unit 1. Various upgrade choices are available. According to the developer’s website, if you selected every upgrade offered on Unit 1 (including a 4-story elevator) you would top out at $746,575. Additional options include upgraded Viking appliances, wet bar with sink and refrigerator, first level bedroom and bath and and retractable glass wall on the 4th floor terrace.. just to name a few.

Water Tower Stacks Old Fourth Ward Site Plan

Krog Street Market MyMidtownMojo.com The Water Tower Stacks Atlanta development is located across the street from The Stacks, another mixed-used development. There is so much happening in this area with the Ponce City Market and Krog Street Market that you will have lots of things to do..and some great places to dine…if you don’t want to mess up the gorgeous kitchen!

Currently the development is in VIP Pre-Sales process. MyMidtownMojo.com is on the VIP list and we’d be happy to represent you as a Buyer and make a home reservation on one of these select homes. A “Call For Offers” deadline has been set for Monday, February 16, 2015 at 5pm. Once those offers are reviewed and either accepted or declined, the remaining inventory will be released for general sales the end of February.

Contact me TODAY and let’s get you into this unique, convenient Intown Atlanta community!

 

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Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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