June, 2017 Atlantic Residences Update
The sales for the building are now being handled by Engel & Volkers. I attended a reception there on Thursday, June 1 and saw the new models. Wow…Wow! This always HAS been a stunning building with incredible floor plans…it’s just had issues with sales!
Now, a new investment group has purchased the building from Cresent Properties and they are now in full sales mode. Any leases remaining in the building will not be renewed, and in fact, if they can sell a leased unit, they will…and give the tenant 60 days notice they have to vacate! Between this change of ownership, and the engagement of Engel & Volkers, I’d now feel comfortable bringing a buyer to this building.
We posted previous pricing from 2014 and 2016 below the photo gallery. NOW look at the prices at The Atlantic Residences!
1 Bedroom Homes from $299,000 – $379,000
2 Bedroom Homes from $439,000 – $679,000
3 Bedroom Homes from $719,000 – $939,000
Penthouse Homes from $1m – $1.4m
APRIL, 2016 UPDATE FOR THE ATLANTIC RESIDENCES….
I will confess I have not sold a home in this building. I’ve been concerned with my Buyers and the rental condition of the building. A search today, shows (according to FMLS) that there have been just 9 sales in the building in the last 180 days. There are currently 6 homes Under Contract, and 11 homes listed as For Sale, again according to FMLS. Certainly there are more homes as they building converts from rentals to owner occupied condos. Listings from the Sales Center still reference the 90% LTV financing that is available through their preferred lenders.
APRIL, 2014 UPDATE FOR THE ATLANTIC RESIDENCES!!!!
This past weekend (April 6th) we toured The Atlantic. Back in 2012, the building had sold only 79 homes. The building was sold and the remaining residences were leased out. Now that the real estate market has turned, the leases are not being renewed and the homes are now being offered For Sale.
The building is being released in phases, starting with the 7th Floor up to the 20th Floor and the 41st to 47th Floors.
Financing is available through two select lenders.
Pricing is as follows: (As of April 6, 2014)
One Bedroom 1,049-1,385 sq.ft. $243,900 – $326,900 April 2016 — $275,800 – $315,000
Two Bedroom 1,369-2,152 sq.ft. $335,900 – $606,900 April 2016 — $379-900 – $592,900
Three Bedroom 1,911 -2,094 sq.ft. $578,900 – $1M+ April 2016 — $604,900 — $625,000
Penthouses 2,126-3,166 sq.ft. $1.2M -$1.5M
Earnest Money Due Upon Reservations: $5,000
HOA DUES are $.37 per square foot (monthly) and include:
Exterior Insurance and Liability, Amenites, 24 hour Concierge Staff, parking, gas (cooking only), trash, high speed internet, landscaping, pest control, building maintenance and common area cleaning.
The Atlantic Residences were under construction when the real estate market crashed. Construction continued on the building but at a greatly reduced rate. Then the bank, Corus Bank went under and went back to the FDIC. Along with it, went The Atlantic as the bank had the primary construction loan on the building. This building took all the great features of Viewpoint Midtown..and enhanced them.
Fast Forward to 2011. The building was part of a structured arrangement with ST Residential and the FDIC. And now The Atlantic Residences are ready to shine like never before. Soaring over the Midtown Atlanta skyline, it’s the tallest residential building in Midtown, and one of the tallest buildings in Atlanta. The stunning Art Deco designed construction features sleek geometric lines and ornamental crown that is lighted at night and visible from all over Midtown and Midtown West.
From the moment you enter the lobby from 17th Street, you know you have arrived some place that is special. Rich woods and marble along with 24 hour Concierge welcome you and your guests.
While The Atlantic Residences only have six unique floor plan groupings, they feature more than 50 individual options to best suit your lifestyle for a total of 401 homes. Amenties of the building include:
- Full-size pool with hot tub spa
- Sundeck with WiFi, professional grills and park-like landscaping
- Large fitness center with state-of-the-art equipment
- Poolside terrace with stack stone fireplace
- Clubroom with flat screen TVs and Internet kiosks
- 24-hour concierge
- Catering kitchen
- Private screening room and library
- High-speed Internet service throughout
- Doorman/porter services
- Ten- or eleven-foot ceilings
- Floor-to-ceiling glass
- Spacious layouts
- Hardwood flooring
- Stainless steel Kitchen Aid appliances
- Sacks & Bisazza designer backsplashes
- Granite countertops with undermount Kohler sinks
- Wood cabinetry
- Kohler fixtures
- Sweeping balconies
- Prewired for audio and digital phone
- Controlled access, covered parking with direct elevator to resident’s floor
Live The High Life at The Atlantic Residences and enjoy all the conveniences of Atlantic Station, right at your doorstep.
[ lat=”33.791334″ lng=”-84.39690359999997″ address=”270 17th street” city=”Atlanta” state=”GA” zip_code=”30363″]
Keep in mind that the following listings are just a sample of what is available in The Atlantic Residences. Call me Today to schedule your personal tour of this amazing Atlanta Condominium Community!
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See all The Atlantic.
(all data current as of 6/24/2019)
Data last updated: 6/24/19 10:44 AM PDT.
Walk Score provided by walkscore.com.