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Midtown Atlanta Market Report | 1010 Midtown Atlanta | March 2013

April 26, 2013 by Thom Abbott

 

Midtown Atlanta Market Report | 1010 Midtown | March 2013

 

Midtown Atlanta Market Report March 2013

 

 

As we look at the Market Report for 1010 Midtown, keep in mind that in a new construction development, not every single available home may be listed in the MLS. So our report is based on what the MLS is reporting.

ACTIVE LISTINGS (28) (UP 8 listings from January’s Report….interesting??)

  • Thirteen 1 Bedrooms ranging from $242,900 to $524,900 — Average List Price: $283,000  (#3309 is a 1 Bedroom listed at $524,900…..that has to be one impressive one Bedroom home!)
  • Twelve 2 Bedrooms ranging from $375,000 to $774,000 — Average List Price: $510,000
  • Three 3 Bedroom homes priced at $599,00, $999,000 and $1,025,000

PENDING LISTINGS (UNDER CONTRACT) (7)

  • One 1 Bedroom at $239,000 (Was priced at $194,900)
  • Six 2 Bedrooms ranging from $429,000 to $749,000 — Average List Price: $553,233

SOLD (6)

  • Two 1 Bedrooms at $237,900
  • Four 2 Bedrooms ranging from $437,000 to $715,000 — Average List Price: $536,200

2012 SALES ACTIVITY COMPARISON

  • One 1 Bedroom at $206,725 and One 2 Bedroom at $337,000

A special note on 1010 Midtown Atlanta….since they have “the tiger by the tail” in being the last new construction, prices are much higher in this building than any other building in Midtown Atlanta. As such, they recently even raised some prices on selected homes.

Filed Under: Blog, Condominiums of Midtown, Market Reports Tagged With: Midtown Atlanta Condominiums, Midtown Atlanta Market Reports, midtown atlanta real estate

SoNo (South Of North) Midtown Sees Burst of Construction

April 25, 2013 by Thom Abbott

New Apartments at Ponce and JuniperAn area of Midtown Atlanta that has seen minimal development is SoNo (South of North) But those times, they are a changing!

In January, construction (or demolition of existing buildings) started on 131 Ponce de Leon Avenue, a 280 apartment mixed-use project on a 2.5-acre property bounded by Juniper Street, and Ponce de Leon, North and a portion of Piedmont avenues. The site — located at 131 Ponce — sold last year for $6.5 million and includes the entire block except for St. Paul’s Presbyterian Church, which many will remember as the former, well-known Abbey restaurant.

The property includes famed architect I.M. Pei’s first office building, the former Gulf Oil Building, which until being closed,  had been used as office space by various small businesses.

The buyer was a joint venture between Sereo Group and Faison Enterprises Inc. Both companies are located in Charlotte, N.C. and  are now constructing the $50 million apartment building that will include 3,800 square feet of street front office space. The garden-style apartments will be six stories. (Just goes to show that developers do not always see the need to reach for the sky in Midtown!)

About 80 percent of the apartments will be Studios or one-bedrooms apartments will make up about 80 percent of the building units, and the 393 internal parking spaces will hidden from street view by the apartments.

About one-third of the “Pei” building near the intersection of Ponce and Juniper will be retained/restored and will include many of the project’s amenities including a leasing office, fitness club, pool, lounge and business area.

Meanwhile, across the street, they will soon break ground on a state-of-the-art, $225 million, 115,000 square-foot cancer-treating proton facility on a 2.39-acre property bounded by Peachtree St., North Ave., Juniper St., and Ponce de Leon Ave. Some may remember this corner as the site of the old Wachovia building that was imploded not to long after 9/11 (I was there to see this….) and this was also going to be the site of the Fox Premeire Plaza condominium building…that never happened.

The Georgia Proton Treatment Center at 615 Peachtree St., the state’s first proton therapy facility and just the 10th in the country, is a joint venture by Emory Healthcare and Advanced Particle Therapy, LLC of San Diego. When completed, it will employ approximately 110 professionals and treat around 1,900 patients annually.

It is expected to take about three years to build and open, and upon completion,  will feature five treatment rooms, four with 270-ton rotational gantries.

The main pedestrian entrance to the project will be at the corner of Peachtree and North with retail space stretching along portions of Peachtree – the only retail space offered in the plans.

Nice to see some things happening in this area of Midtown!

 

Filed Under: Blog, Interesting Stories, Midtown Atlanta News and Events Tagged With: midtown atlanta real estate

What drives activity on Pinterest? | Science Codex

April 24, 2013 by Thom Abbott

PinterestSee on Scoop.it – Georgia Tech News Events

Researchers at Georgia Tech and the University of Minnesota have released a new study that uses statistical data to help understand the motivations behind Pinterest activity, the roles gender plays among users and the factors that distinguish Pinterest…

 

Thom Abbott‘s insight:

Are you a Pinterest user? Do you love those pictures and get addicted to finding them and following certain subjects? I know I find myself looking at all kinds of gardening pictures, and of course Real Estate around the country.   But our own Georgia Tech was inv0lved in research about what drives activity on Pinterest.

 

Some really interesting stuff here!

See on www.sciencecodex.com

Filed Under: Blog, Georgia Tech Tagged With: gatech, So You Know

Midtown Neighbors’ Association Presents Community Leaders Social | May 15 6-8:30PM

April 23, 2013 by Thom Abbott

MNA Midtown Neighbor's AssociationIf you don’t live in Midtown Atlanta, you might not think of it as anything more than a bunch of high rise buildings. But, there is a vibrant community of people that not only work in Midtown, but LIVE in Midtown Atlanta! You need to meet the people that live here (or around you if you already live there) and one way to do that is the Midtown Neighbors’ Association Community Leaders Social!

This event is one of the monthly Mingle in Midtown social events that MNA hosts, but this one has a special twist. On May 15th, from 6-8:30pm, you also have the opportunity to meet your Community Leaders, such as police, fire and Atlanta City Council. Who know’s maybe the Mayor will pass by….it is an election year after all!

Midtown Neighbors’ Association Community Leaders Social will take place on Wednesday, May 15th from 6-8:30pm at the NEW location of Cafe Intermezzo, located at the corner of 11th and Peachtree Streets, next to the Loews’ Midtown Atlanta Hotel!

Come on out, meet your neighbors, your community leaders and enjoy some cocktails and conversation! I look forward to seeing you there!!

Midtown Neighbors Association Community Leaders Social

Filed Under: Blog, Condominiums of Midtown Tagged With: midtown atlanta real estate, Midtown Culture, Midtown Neighbors' Association, Special Events

Georgia Tech Robots Play Music

April 23, 2013 by Thom Abbott

I mean nothing against any other university anywhere else…but there is some pretty cool stuff that comes out of Georgia Tech. I’m always on the hunt for these kinds of stories…and love to share them.

Check out the video as these Georgia Tech Robots play music and even mimic gazelle’s chasing a lion! Pretty cool!

Makes you want one of your own, doesn’t it?

 

Filed Under: Blog, Georgia Tech, Interesting Stories Tagged With: gatech, Georgia Tech News

Dogwood Festival – Piedmont Park April 19-21, 2013

April 19, 2013 by Thom Abbott

Yeah! It’s Spring in Midtown Atlanta and that means one thing — The Dogwood Festival!

Dogwood Festival April 19-21If you’ve never attended this premiere Atlanta festival, you have no idea what you are missing! From incredible artists of all types, to people watching to beer drinking (more on that in a moment) to food vendors. It’s what a festival in Piedmont Park is all about!

Be sure to get all the details you need at the Dogwood Festival website here! If you are planning on buying art, maybe you’ll want to have your car handy? But if it’s more about people watching and browsing, then MARTA is the way to go! Exit at the 10th Street station and look for the info signs directing you to Piedmont Park. 

I’ll be in the park tonight helping a great cause — Midtown Ponce Security Alliance (MPSA) to raise money for security patrols in Midtown!

As we have for the last few years, we will staff a beverage booth at the Dogwood Festival. Proceeds from the beverage booth will go toward patrol hours, and this event always generates a nice boost to our patrol budget. We know you will be thirsty at times, so be sure to stop by our booth near the 14th Street entrance to Piedmont Park.
 
We will be there Friday (Noon to 7:30pm), Saturday (10:00 to 7:30pm),  and Sunday (10:00am to 7:30pm).  Come by and buy a beverage from a neighbor and make a donation to MPSA!

We will be there Friday (Noon to 7:30pm), Saturday (10:00 to 7:30pm),  and Sunday (10:00am to 7:30pm).  And many thanks to the neighbors who will staff this great source of patrol money!

So come on down to Midtown Atlanta, The Dogwood Festival and Piedmont Park..and be sure to stop by and buy a beer from ME!

Filed Under: Blog, Events Tagged With: Midtown Culture, midtown Events

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Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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