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Atlanta Condos For Sale

Will Atlanta Developers Keep up with Consumer Needs?

July 9, 2013 by Thom Abbott

82 Buildings BuildingsAs much as I love, live and sell Midtown Atlanta, there is one thing that we do lack when it comes to the high-rise condominium community.

Creativity.

Our skyline is fairly lacking in anything unusual or dramatic. Sure, we have the Bank of America building and the Symphony Buildings….but what are they? Office buildings. But when the developers announce a new condominium building (or in our current economy it’s all about apartments) what do the buildings look like?

Will Atlanta Developers Keep up with Consumer Needs?

Take the recent addition of Skyhouse Midtown, a highrise residential apartment building. Pretty square…blueish glass we see on many buildings, and oh, we did get a blue round top over the top floor amenities. So now what? Here comes 100 6th Street…and my initial understanding is…a rubber stamp of Skyhouse minus the blue dome roof. How creative!

100 6th Street Construction
100 6th Street Apartments Under Construction

77 12th Street is another new apartment addition to the Midtown skyline. Again, square box. I’ll just have to presume it’s easier (and far cheaper) to be bland, than be dramatic. I know if I was a developer, and those hundred’s of thousands of cars that pass North and South on the Downtown Connector were looking at the skyline (briefly please, watch the cars more than the skyline….) would you not want to be the developer of the “WOW, look at THAT building?”  The Sovereign in Buckhead comes to mind as a building that stands out on the skyline.

And what about amenities? Do we just keep “doing what we are doing” or look to do something different? Do set trends or follow them? I  doubt we set many trends in condominium living in Atlanta. But do we even copy, or pay attention to what’s happening in other places?

This post came after I read an article in the New York Times, “Changing Tastes Fuel an Amenities Arms Race.”

“Figuring out how to attract new owners and renters to buildings while still holding onto the imaginations of current residents seems to have reignited the amenities arms race. Not only are landlords and the boards of co-ops and condos tailoring the latest extras to the demographics of their buildings, but they also appear to be doing it on the fly, as tastes change quickly around them.”

Just think. There are some 8-10 apartment buildings under construction or proposed in the Midtown Atlanta area alone. I’m not counting anything in Buckhead, Sandy Springs or beyond….and we know there are being built everywhere.

But are they just another apartment community? Or is there a WOW factor inside some place? (We know it’s not outside in the design!) Is there a “I’ve got to live at xxxx. They have the most amazing xxxx.”

As the doors open on all these new buildings, we shall see. Will Atlanta developers keep up with consumer needs?

Filed Under: Atlanta Real Estate For Sale Or Rent, Blog, Condominiums of Midtown, Interesting Stories Tagged With: Midtown Atlanta Condominiums, midtown atlanta real estate

athenahealth to Create 500 new jobs at Ponce City Market in Midtown Atlanta

June 24, 2013 by Thom Abbott

athenahealth signs at Ponce City MarketATLANTA (AP) — A health care information technology company is planning to create 500 jobs in Atlanta, officials announced Monday.

Georgia Gov. Nathan Deal said athenahealth is making a $10.8 investment as part of its expansion and plans to occupy 75,000 square feet of Ponce City Market in Midtown Atlanta.

The Watertown, Mass.-based company is the first major office tenant to announce development plans at Ponce City Market — a mixed-use space formerly known as City Hall East.

Founded in 1997, athenahealth specializes in managing cloud-based electronic health records, practice management and care coordination. The company works with more than 40,000 clients across the country and was named by Forbes as one of the country’s 25 fastest-growing technology companies.

The company currently employs more than 140 people in the greater Atlanta suburb of Alpharetta and plans to move those employees to its Atlanta location. The company plans to hire the new employees within the next five years.

“Ponce City Market offers athenahealth everything we could ask for in an office space as we deepen our roots in Atlanta and presents us with the opportunity to provide a daily environment that lives up to the work-life aspirations of our company,” athenahealth CEOJonathan Bush said in a statement. “With hundreds more future athenistas to hire, we believe Ponce City Market will help us attract the best talent metro Atlanta has to offer.”

athenahealth employees that are relocating to the Midtown Atlanta area will have some great living opportunities In Midtown Atlanta and the surrounding area. From high-rise condominiums to bungalows in Virginia-Highlands, homes range from new and modern to classic and historic.

We look forward to welcoming the employees of athenahealth to Midtown Atlanta!  If you are looking for a place to call home after work at Ponce City Market, give me a call! I’d be delighted to show you the neighborhood!

The map below shows the location of Ponce City Market in Midtown Atlanta.

Ponce City Market Map

Filed Under: Blog, Midtown Restaurants and Business Tagged With: Intown Atlanta Real Estate, Midtown Atlanta Business, midtown atlanta real estate

Millennials or Generation Y and Midtown Atlanta

June 17, 2013 by Thom Abbott

Midtown Atlanta and Generation YI don’t think it’s a secret in many major cities in the U.S….people would much rather have a 10 minute drive to work than an hour drive each way. But such is the price that many pay to live in the suburbs, have the “McMansion” large home, big yard, 2-3 car garage and good schools for their kids. But don’t think for a moment that Mom or Dad would not prefer to have a shorter commute.

The same may not be so true for the Millennials or Generation Y…those born from 1977-1994. Many having not decided yet if they are going to have children are looking at their living options in a different light.

In an article in today’s New York Times, titled Home Loans for Millennials,  raises some interesting points and questions about the future of the housing market, and where people will choose to live. (Gosh, I even posted on my Facebook wall an article about China and how they are forcing their population into dense urban areas)

Millennials or Generation Y and Midtown Atlanta

“The next generation of potential home buyers prefer to live in developments with an array of housing types close to shops and mass transit, a recent survey shows. Is this bad news for the baby boomers who will eventually be looking to sell their big suburban houses?” the article says.

How will these people shape the Atlanta real estate market? Where are the areas with development with an array of housing types close to shops and mass transit? Well we all know that mass transit is a lack-luster event in Atlanta. But at least we have great communities like Midtown Atlanta and Midtown West that offer multi-family housing options (i.e. condominiums and apartments) as well as surrounding areas like Morningside and Virginia Highlands for single family home options.

“The institute recently released the results of a survey showing the generation’s penchant for urban-style living. About 60 percent say they prefer a mix of housing choices, along with proximity to shops, dining, offices and transit. Seventy-five percent said they valued walkability — a preference that jibes with this generation’s declining number of licensed drivers, according to a report by U.S. Pirg, a nonprofit consumer advocacy group.

Of the 63 percent who said they planned to move within the next five years, nearly 40 percent expect to live in some type of multifamily housing.”

Millennials and Midtown AtlantaCertainly, Midtown Atlanta is one of, if not the most walkable communities in Atlanta. While we work to build a better retail component in the area, certainly restaurants, entertainment, farmer’s markets and more make it a desirable area to live, and perhaps work, depending on your profession.

The NYTimes article and the study done by the Urban Land Institute’s Terwilliger Center For Housing also said that more than half of the young adults surveyed by the institute are renting, but they haven’t given up on the American dream. In fact, nearly 70 percent said they expected to buy within five years.

If you want to experience the sights and sounds and excitement of the urban lifestyle of Midtown Atlanta, give me a call at 770-713-1505, email me at Info@MyMidtownMojo.com, or if you are ready to start your home search, give me some information and we’ll get the search started.

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Filed Under: Blog, Buyers Tagged With: Buyers, Midtown Atlanta Condominiums, midtown atlanta real estate

3-Month SOLD Properties in Midtown Atlanta GA

June 9, 2013 by Thom Abbott

3-Month SOLD Properties in Midtown Atlanta GA Including Condos, Townhomes and Single Family Homes

On almost a daily basis, I’m asked, “How’s the Midtown Atlanta real estate market?” It might be in a casual conversation over cocktails, or it may be part of a listing appointment with a prospective Seller.

In the three month period of March-June, 2013, here’s what’s happened.

Condominiums/Townhomes — 2013 vs. 2012

MIDTOWN CONDO SALES MARCH JUNE 2013

 

 

 

 

 

 

In the time period for 2013, the sales ranged from a low of $39,000 at Melrose Park to a high of $1.38M at 1010 Midtown Atlanta.

In the time period for 2012, the sales ranged from a low of $34,000 at Terraces at Argonne to a high of  $825,000 at Aqua Midtown.

Single Family Homes — 2013 vs. 2012

MIDTOWN SINGLE FAMILY HOME SALES MARCH JUNE 2013

 

 

 

 

 

 

 

In the time period for 2013, the sales ranged from a low of $250,000 on 7th Street to a high of $1.8M in Ansley Park.

In the time period for 2012, the sales ranged from a low of $252,000 on Elmwood to a high of $1.675M in Ansley Park.

Midtown Atlanta is divided by two Zip codes.  To Search for Homes and Condos in 30309 Zip Code, CLICK HERE

 

 

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

Top Five Reasons to Buy Not Rent – Clean Slate

May 25, 2013 by Thom Abbott

Top 5 Reasons To BuySee on Scoop.it – Midtown Atlanta Conversations and Condos

FOX Business Network’s Cheryl Casone’s top five reasons to buy not rent a home in today’s real estate market.

 

Thom Abbott‘s insight:

From historic low interest rates to your ability to make changes to your home without the permission (or not) of your landlord….buying does make sense!

See on bhgrealestateblog.com

Filed Under: Blog, Buyers Tagged With: Intown Atlanta Real Estate, midtown atlanta real estate

Cornerstone Village Just Listed 2/2 $189,000

May 20, 2013 by Thom Abbott

 

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Just Listed

Cornerstone Village True Loft Living! 2 Bedrooms/2 Baths

$ Click for current price
2 BEDROOMS
2 BATHROOMS (2 full)
1072 Square Feet

 Cornerstone Village in Midtown Atlanta has always been a unique condominium opportunity in Midtown Atlanta. This home is equally unique. From the exposed concrete floors and brick walls to stainless steel baseboards….it’s just got “cool and hip” written all over this one!

Need to remember things? Check out the chalkboard door! Upgraded stainless appliances including a DOUBLE oven will make entertaining a breeze! Or easy to prepare the takeout from any number of local restaurants! The combination pantry/laundry room is just off the kitchen. Granite counters complete this kitchen and are featured in both bathrooms as well.

The breakfast bar is perfect for entertaining, or that quick coffee before you head to work. The open Living/Dining room can accomodate your dining area and living! Take in the beautiful Midtown skyline view from expansive windows.

Two bedrooms and two full baths are also a perfect room-mate option in this home. Georgia Tech Parents, you just might want to check this one out!

As the owners replaced the standard baseboards with stainless steel, they added unique tile accents to both bathrooms…not something you will see in Cornerstone Village!

This home as two side-by-side covered parking spaces in the gated garage.

Cornerstone Village amenities include a resort-styled pool, poolside grilling/dining area, landscaped grounds, an on-site pet walk, fitness center and movie theater. Everything you need for Midtown Atlanta living at it’s best!

Outside your front door….dining delights are on every corner! Just a few blocks away, you’ll find a Publix Urban Market for those grocery needs! Piedmont Park, popular for jogging, picnics and festivals is a few short blocks away. Or maybe a visit to the High Museum or Fox Theatre for a play? It’s all within a quick walk from your Cornerstone Village home!

Come, look, and you will see why Cornerstone Village is a great community, and the perfect place to call home.

L2L Property Websites WP

Filed Under: Atlanta Real Estate For Sale Or Rent, Blog, Condominiums of Midtown Tagged With: georgia tech housing, Intown Atlanta Real Estate, midtown atlanta condos for sale, midtown atlanta real estate

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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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