Insomnia Cookies Midtown Atlanta to Open at University House

University House Midtown Atlanta July 28, 2015Looks like Midtown Atlanta will be getting another location for your sweet tooth! The Sweet Hut Bakery opened in Metropolis Midtown last year and seems to be doing well. Now,  you’ll have a spot for your cookie craving!

Insomnia Cookies Midtown Atlanta to Open at University House

Insomnia Cookies is a rapidly expanding late-night bakery concept that was founded in a college dorm room in 2003 at the University of Pennsylvania, by then student, Seth Berkowitz. I can so see the success of such an idea….back in college, it’s midnight and you want something sweet! AND it can be delivered? Holy Cow!  They specialize in delivering warm, delicious cookies right to the doors of individuals and companies alike. So all you GATech students….get ready for cookies!

Insomnia Cookies Midtown Atlanta July 28, 2015Insomnia Cookies has offerings of cookies, brownies, cookie cakes and even cold milk. Some locations serve and deliver ice cream…let’s hope that will be the case at the Insomnia Cookies Midtown Atlanta!  Residents in nearby Plaza Midtown, Aqua and MidCity Lofts will have a convenient spot for a late night sweet snack. It looks like you will need to make your coffee at home! And if you are a MARTA commuter, the store is just a block and a half from the Midtown MARTA station…grab a few cookies for the kids and the ride home!

The website for Insomnia Cookies also has great suggestions such as sending gifts to your college student! (Take note all of those parents we have sold Midtown Atlanta condos to for their GATech student!!) Looks like they will also do birthday gifts or group orders for your next event or meeting.

MyMidtownMojo.com looks forward to welcoming Insomnia Cookies Midtown Atlanta! We’ll be sure to sample them and let you know!

University House is scheduled to open next month in time for the Fall session at GATech. If you’ve driven by..they got some work to do, so we will expect to see the businesses open soon thereafter!

 

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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Condos For Sale Near Georgia Tech

Search Condos for Sale Near Georgia TechCondos For Sale Near Georgia Tech

It’s that time of year that we are working with and being contacted by numerous parents of GATech students looking at the options of where they can live off campus. This process often includes looking at purchasing a Midtown Atlanta condo where they (along with a roommate or two) can live while attending school.

The main factors that all GATech parents are considering are:

  • Location
  • Price (including HOA fees, insurance, etc
  • Security
  • Ability to Rent
  • What will I be able to sell it for when they graduate?

All of these are important factors, and something I certainly understand, having been selling Midtown Atlanta since 2004! So let’s look at each one.

Location

Indeed, the closer to campus you can be the better. But with that location comes the second factor we will talk about price. There are several condo buildings within an easy walk of Tech Square. Other options in the Atlantic Station area are not as convenient, and getting to and from campus could be an issue for the student. And that great location now, will be just as important when we talk about re-sale.

Price

Unfortunately, the days of Midtown Atlanta Condos for less than $100,000 are behind us. You may find an occasional “stray” at that price, but more than likely it will either be in a less desirable location, or need some serious renovations. Even finding something in the less that $200,000 range for a 1 bedroom is becoming a challenge. Prices have gone up dramatically since our market crash, so the idea of waiting for better prices is not the best plan.

Condo SecuritySecurity

When we refer to security, we are talking about the specific condo building itself. Midtown Atlanta is an urban, city environment, and students (or ANYONE for that matter) should always be aware of their surroundings. Walking with the headphones in and your head in your phone does not make for a good awareness of what is around you!

As for the condominium buildings, security will vary from building to building. Your newer high-rise buildings have state-of-the-art security that included coded elevators, 24-hour Concierge and extensive camera systems that monitor the public, or common areas of the building. Other buildings may have other security, or not as sophisticated a system.

Ability To Rent

Every Midtown Atlanta condominium building has HOA regulations that limit the number of homes that may be leased at any given time. This is done to protect YOUR investment in a building that is primarily owner-occupied and not like an apartment building. To lease your condo, you must have an HOA-approved leasing permit. Not having one, and renting your condo illegally can net you a $25-50 PER DAY fine until the tenant has moved out, and the HOA can limit access to the common areas of the building, such as the parking garage, club room and fitness center.  On average, you can expect a 5-year waiting list in most of the Midtown Atlanta condo buildings! Now, not a bad thing. If your son or daughter is a freshman at GATech, they will have at least 3 years of school left, maybe 4 if they have an extended plan like I did! If they elect to stay in Atlanta for work, here comes another year, and before you know it, you have a leasing permit. Now, you can decide if you want to lease out the condo and turn it into an investment property. You will have anywhere from 90-180 days to decide if you are going to lease your unit, before the permit is revoked.

What Will I Be Able To Sell It For When They Graduate?

Unfortunately, my crystal ball broke. Meaning, it’s nearly impossible to tell you what the real estate market will be like in 2019 or 2020 when they finish school. (I mean it was hard to even type those YEARS!!!)

Prices have risen dramatically in the past few years since our market crash. They have slowed now, which is a good thing. It’s probably safe to say that if any of the new construction apartment buildings would convert to For Sale condominiums, a 1-bedroom is going to start in the mid-upper $200,000 range. 2-Bedrooms will certainly be the high $300’s to $400’s. So, buying that one bedroom now for less than $250,000 could be a good real estate investment.

If you are looking to consider Georgia Tech Off Campus Housing, please feel free to contact me. Just click on the CONTACT tab located above and to the right! I’d be happy to help you explore your options in Condos For Sale Near Georgia Tech!

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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Boeing Considers Midtown Atlanta for Research Center

AirplaneSources are reporting that aerospace big guy Boeing is scouting Midtown Atlanta locations for a research center. If the center happens, it would join other top companies such as AT&T, Home Depot, NCR and Worldpay US in developing corporate research centers near one of the world’s top engineering schools.

The increase and of new research and development centers and corporate campuses in Midtown Atlanta clearly show the desire of companies to be convenient to the talent pool called Georgia Tech! Of course, for Tech, the establishment of these centers is a perfect pipeline of jobs for graduates as well as the all mighty private sector research dollars for the university at a time when federal research money is harder to find.

No idea as to where the center could be located, but certainly MyMidtownMojo and Thomas Ramon Realty are here to help any Boeing employees that may relocate to the area, and certainly any new hires that are looking to call Midtown Atlanta home.

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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NCR Corporation to Build Midtown Atlanta Headquarters

NCR Corporation announced on January 13 that they will build a new corporate headquarters on a 4 acre site in the heart of Midtown Atlanta, at 8th and Spring Streets. Our photo below indicates the site, across the street from Plaza Midtown and right next to SQ5 which is under construction.

NCR Corp Midtown Atlanta

 

NCR Corporation to Build Midtown Atlanta Headquarters

In a story in the Atlanta Business Chronicle, it was reported that Atlanta is considering some $3.2 million in incentives to get NCR to bring the headquarters to Midtown. NCR has reported they will spend some $260 million to build on the site, which they have an agreement to buy.

The relocation would be huge for Atlanta and Midtown with some 3,600 employees being in the innovation/think tank area of Technology Square and Centergy.

The move is also a change for the company which first relocated from Ohio to suburban Duluth (Gwinnett County) some six years ago. “NCR is making a play for the Millennial workforce, which prefers the entertainment and cultural amenities of the city and rejects the long commute to the suburbs,” the Atlanta Business Chronicle reported.

Often times, a relocation of a corporate headquarters in the same city might not see many residential changes, but there may be many people that will now have much longer commutes from the suburbs of Atlanta and might want a change.

MyMidtownMojo.com is ready and waiting to welcome NCR Corporation to Midtown Atlanta and help you find your piece of Mojo (also known as a condo, townhome or single family home!)

 

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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Georgia Tech Off Campus Housing — Cornerstone Village

Cornerstone Village Condominiums Intown Atlanta Real Estate`The real estate market in Midtown Atlanta has certainly changed in the past year! And so have the prices. As I work with parents of Georgia Tech students looking for Off Campus Housing, the options are still many, but the price is another story.

Georgia Tech Off Campus Housing — Cornerstone Village

Enter Cornerstone Village! Conveniently located on Peachtree Street, between 5th and 6th Street, it’s an easy walk to Tech Square where students can catch the Tech Trolley for access further onto the campus if they don’t want to walk!

What does Cornerstone Village offer the Georgia Tech student AND parent? First off, Location! As I just said, easy to walk to campus. Secondly, location! CVS Health is across the street from the community, and Einstein Bros Bagels JUST opened right in the building….convenient for the busy student to grab breakfast or lunch on the way to campus! There is also Big Peach Running if they are a runner, and El Escorpion restaurant for dinner right in the building.

Condo Map Cornerstone Village

Thirdly, but most importantly is VALUE FOR THE PRICE! Cornerstone has always been a value on Peachtree Street. Why you ask? Well, it’s NOT the shiny, 28 story high rise that you find in it’s neighbor, Spire Midtown. You don’t have a 24-hour Concierge, but does a student need that? The community has a resort-styled pool and grilling area, perfect for your student to entertain friends. A fitness center (yes, the Campus Recreation Center is a killer fitness center for students) but this is perfect if they want to catch that 12 midnight work out and not be on campus! There is a movie room, perfect for watching a DVD related to a class project!

And values have gone up at Cornerstone Village! Two years ago, I sold a home to parents of Georgia Tech students and they paid $170,000 of the very same floor plan as listed below!

If you are looking for Georgia Tech Off Campus Housing — Cornerstone Village is one of your best options! Let me help you get a great condo for your students!

 

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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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