Atlanta Condos For Sale

Midtown Atlanta Construction Map

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Azure on the Park Construction August 11, 2015It’s no secret….Midtown Atlanta construction boom is ON! Just take a look at the skyline and you will see the return of cranes on what seems like every street corner. The crane companies are certainly happy~!

Midtown Atlanta Construction Map

I’ve been meaning to put a post together of all projects, both Under Construction, or proposed. But time just got in my way!

But my friends over at Curbed Atlanta have put together quite an impressive summary of the projects that have recently completed in the last couple years, along with what is Under Construction and Proposed.

One Museum Place and Seventh Midtown are the only two new construction condominium projects at this time. Every other building is currently planned to be rental apartments. One can only think there may be a rental glut come late 2016 as these buildings all come on line. It is certainly something to keep an eye on if you are a real estate investor (own a rental condo….you rent may take a hit as people look to move to the shiny new building) and if you are looking to purchase, we wonder if any of these projects has a “conversion clause” that will allow them to move from rental to a For Sale situation.

Time will tell.

Click on the photo below to go to the story at Curbed Atlanta!

Midtown Atlanta Construction Map MyMidtownMojo.com August 11, 2015

Insomnia Cookies Midtown Atlanta to Open at University House

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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!

 

Buckhead’s Establishment to Re-establish at Colony Square!

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Establishment Midtown July 28, 2015It looks like another Buckhead favorite wants to join the excitement of Midtown Atlanta!

Establishment of Buckhead will soon be Establishment Midtown and call Colony Square home! I have to say I never visited this watering hole while it was in Buckhead, but it looks to have a pretty cool vibe going on! I can see it being an awesome place for one of the after parties for the Atlanta Film Festival, who’s 40th Anniversary is in 2016!!

Keep an eye out for more news of the opening of Establishement Midtown and some follow up photos from MyMidtownMojo.com

Leasing Diagram

 

Post Midtown Millennium Breaks Ground on 11th Street

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Post Millennium Construction July 17, 2015There truly is no end in sight for the apartment construction bonanza in Midtown Atlanta. Dirt is moving on seemingly every corner…and there is hardly a condo building in sight!

Post Midtown Millennium Breaks Ground on 11th Street

The forever vacant lot on 11th Street, between the Residence Inn and the Federal Reserve Entrance will be home to a 23-story, 356 unit apartment building called Post Midtown Millennium. The building and location is unique in that it is being built over the top of the MARTA line. There is no direct connection to the station, but it will be just a short one-block walk to the Midtown MARTA station.

Post Midtown Millennium July 17, 2015One can presume it will have the usual amenities such as a fitness center and pool area (I’m guessing on the top of the lower-portion of the building as seen here on the left.)  The roof of the building does not appear to have anything on it, but time will tell of course.

This will certainly busy up 11th Street with activity as 60 11th Street, the sister to 77 12th is also under construction less than a block away! Cranes, cranes, cranes you do see!

I’m asked by many if they think any of these new buildings will convert to condominiums before they open? That really depends on the financing the developer obtained and if it allows for a conversion, or if the building has to first open as apartments for 2-5 years, and then convert.

Let’s just hope they don’t all (or several of them) convert at once…or then we will go for NO new condo inventory to TO MUCH!

 

Midtown Atlanta Apartment Construction July 17, 2015

Whole Foods Coming To Midtown

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Whole Foods Midtown June 16, 2015For those of you in love with the organic grocery that is all over Atlanta, you are going to have one gosh darn close to your Midtown Atlanta condo. But don’t get out the reusable grocery bag just yet.

On June 9th, plans for an “organic grocery store” were presented to the Design Review Committee (DRC) of the Midtown Alliance. While the developer has tried to keep the store name quiet, the Whole Foods name got dropped numerous times. That and the fact that Related executives (the store is to be part of a residential tower being developed by Miami-based The Related Group) appeared before the Development Review Committee with Phillips Partnership, a firm that has designed seven Whole Foods (NADAQ: WFM) stores, including locations in Sandy Springs and Savannah, might be a pretty good indication as to WHO that organic grocery store will be.

Architect Rob French, with Phillips Partnership, presented renderings of the project, which would stand next to a proposed residential tower at 14th and West Peachtree streets. Miami-based The Related Group is the developer.

But as I mentioned earlier, hold on to that grocery bag. It looks like mid-2016 before a ground breaking, and an opening in 2018!!!  Shreek…that is some 2 PLUS years away!

Whole Foods West Peachtree June 16, 2015

North of 14th the New Midtown Hotspot?

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33 PEACHTREE PLACE CONSTRUCTION MAY 21, 2015Keeping tabs on what is happening in the neighborhoods where we work is almost MORE than a full time-job! Why? Because there is so much going on!! It’s hard to keep up with all the surrounding areas! I recently drove down a street I’d not been on in awhile, to find an entire section had been cleared and a townhome community was on it’s way. (Ok, admittedly I’d not been on the street in awhile.)

But when it comes to Midtown Atlanta, we do keep the radar on at full power. It seems the Midtown Alliance slipped in a DRC meeting this month that we were not aware of.  And this review was for no small building. And this gives some credit to…

North of 14th the New Midtown Hotspot?

Peachtree and 17th Proposed Building May 21, 0215Peachtree and 17th (as it was labeled at the DRC meeting) appears to be a 35-40 story tower proposed for the corner of 17th and Peachtree Streets. Now, if memory serves me correctly, this is the corner that is owned by Dewberry Capital. So, they have either agreed to sell it, or develop it, although their name is not mentioned in the brief DRC review.

What’s so “game-changing” about this building?  Well, first off the location. If you have watched the cranes of Midtown, you know that the focus of development has been between 5th and 12th Streets. So to see some new plans for the Northern part of Midtown that…well…has a pretty quiet street presence is exciting. Secondly, if in fact this building were to rise in any fashion as to what is indicated in this drawing, it would be seen from quite a distance on either I-75 or I-85 as you headed South into Midtown Atlanta.

The drawing also appears to be a much needed break from the solid green glass towers that are the building of choice of architects and developers. Personally, if I was designing any tower in Midtown, I’d want it to be a “Holy Cow, Wow, What is that?” kinda building.

This was just the first pass of this proposed development. So, we will be keeping an eye on it. But with the growing trend of companies looking to be in Midtown Atlanta and close to the walkability of the area as well as the talent pool of Georgia Tech, this my not be to far off in the future.

On another note for North of 14th the New Hotspot…on the map below, you’ll see an arrow pointing to the green space, 17th and Peachtree. The second arrow is the almost 8 acre site owned by MetLife that could be another killer location for an urban corporate campus. We’ve got our eye on this one too!

17th and Peachtree Site Map May 21, 2015

 

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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