Via Scoop.it – Midtown Atlanta Condos
Cleaning your Midtown Atlanta Condo does not have to be a chore! Make it easy to clean up and you can be on your way to enjoy life on the streets of Midtown Atlanta with these cool high-tech gadgets.
Via www.atlantarealestateforum.com
Via Scoop.it – Midtown Atlanta Condos
Most Midtown Atlanta Condos come with granite counters.
But most homeowners never even think about sealing the granite. And then you get stains.
Stains in stone countertops can be a pain to get out. Now you’ve got an option! Shape up those kitchen and bath counters of your Midtown Atlanta Condo before you decide to sell!
Via lifehacker.com
Via Scoop.it – Midtown Atlanta Condos
An affiliate of a Miami real estate company has reached an agreement to purchase the remaining unsold condos in Midtown’s 401-unit The Atlantic Residences, according to sources familiar with the transaction.
An affiliate of Crescent Heights is the buyer, according to sources. The company could not comment, said Roman Speron, operations manager at Crescent Heights. The company is known for intown Atlanta projects, including the 34-story Mayfair Renaissance.
It’s unclear whether it will keep The Atlantic units as condos or convert them to rentals. The 47-story building rises over Atlantic Station and is one of the most visible towers on the Midtown skyline.
WOW…..if they all become apartments…..imagine the 73 owners and what they will be able to do, (or NOT) with their condo.
On the flip side of this….this will take a HUGE chunk of inventory out of the market if in fact they convert them to rentals. For Sellers, less competition. For Buyers…less to choose from? What will the outcome be for the market?
Via www.bizjournals.com
Condominium buildings in Atlanta come in all shapes and sizes. And with a variety of amenities, floor plans and of course locations.
And the location can be the most important part. The Brookwood Condominiums, located on the edge of Midtown Atlanta, and just south of Buckhead….offer everything you could want in an Intown Atlanta condo building.
I had the distinct pleasure of working with the sales staff here and have a very happy homeowner that has been living there a little over a year right now. Conveniently located near Piedmont Hospital and the Sheppard Center, The Brookwood offers only 2 and 3 bedroom floor plans. The residences include:
And now, The Brookwood is pleased to announce they have reached 50% SOLD! Why not let me show you the outstanding opportunities available to you at The Brookwood. I am sure you will be impressed as well.
The Midtown Atlanta condominium market has had it’s fair share of challenges. And it would seem there are still more ahead as we learn that The Atlantic Residences will convert some 80 homes into rentals. According to a story in the Atlanta Business Chronicle, ST Residential, which owns the building and purchased it out of the Corus Bank 2009 failure, actually converted some 40 units in late summer. Another 4o units will now become rental homes.
Current owners or potential Buyers of a home at The Atlantic Residences at Atlantic Station should not have to worry about their investment. Or so we hope. Fannie Mae and Freddie Mac do not allow financing to buyers in condo towers where they exceed the 25% limit on rentals. According to my calcualtions with 401 units, that means up to 100 homes could be investor owned, or rentals. With this announcement by ST Residential, there’s some 20 homes left, but one would suspect that some of those investor slots may have already been taken.
The Atlantic is not the first building to make this move. 1010 Midtown and neighboring 1065 Peachtree also made conversions to rentals. 1010 converted 43 of its 430 homes in 2009, and 52 homes at 1065 Peachtree in 2010. (Note, for those of you that are not familiar with WHAT or WHERE 1065 Peachtree is, these are the condos located above the Loews’ Midtown Atlanta hotel. None of these homes were ever sold to my knowledge.)
The Atlantic is a truly beautiful and landmark Midtown Atlanta building. While the real estate market has caused most of it’s challenges, many condo buyers have been leary of making an Atlantic Station purchase with the reputation the area had received for crime and other activities. North American Properties purchased the retail-portion of Atlantic Station last year and has set about on an ambitious mission to change that perception (and some of its reality.)
Challenges in selling condominiums has given rise to two new apartment towers, both located on 12th Street in Midtown Atlanta. Daniel Corporation and Selig Enterprises have begun construction on a 22-story apartment building just behind 1010 Midtown, and on 12th and West Peachtree Streets, former condo king, Novare Group led by Jim Borders is developing the Sky House apartment building.
At some point in the future, these buildings could become conversions to condos, but with a lack of higher quality rentals in the Midtown Atlanta marketplace, they may remaining apartment buildings for sometime. Time will tell.
Like many real estate markets throughout the U.S., Downtown Atlanta has taken a step back in the real estate market. But, one must remember that these steps back can mean great opportunities for a savvy condominium buyer!
Such is the case with Twelve Centennial Park in Downtown Atlanta. Built the Atlanta Condo Builder King, Novare Group, Twelve Centennial Park has all the features and amenities you have come to expect from a Novare built building. From the great security (a resident is only allowed acces to their parking level, amenities level and their residential level with their card access…to gain acces to any other floors requires a code from the resident living on that floor) 24/7 Concierge service, room service from the Lobby Restaurant at the adjoining Twelve Hotel…well, the list DOES go on and on.
And now, the condo buyer has an incredible opportunity to own at Twelve Centennial Park! And I’m not talking street level, or overlooking the garage roof! These specially priced homes are located on the 31st floor and above! And let me tell you….it gives new meaning to the famous line from Zsa Zsa Gabor….”I just adore a penthouse view….”
If you have want to live in a high-rise, and have been looking for “the deal….” You just found it!
Let’s make an appointment to visit Twelve Centennial Park and get you settled into your skyline view condo today!
