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Atlanta Condos For Sale

Grandmother Says…Carrots, Eggs, or Coffee. Which Are You?

January 23, 2013 by Thom Abbott

I saw this on Facebook this morning. You know you see and read all kinds of stories and never know where they come from. If they are about a current event, you want to know the facts are correct. But if it is one of those “feel good” stories, it doesn’t really matter where it came from, it just makes you feel good. Or think.

That is why I thought I would share….

Grandmother Says… Carrots, Eggs, or Coffee; “Which are you?”

A young woman went to her grandmother and told her about her life and how things were so hard for her. She did not know how she was going to make it and wanted to give up. She was tired of fighting and struggling. It seemed as one problem was solved a new one arose.

Her grandmother took her to the kitchen. She filled three pots with water. In the first, she placed carrots, in the second she placed eggs and the last she placed ground coffee beans. She let them sit and boil without saying a word.

In about twenty minutes she turned off the burners. She fished the carrots out and placed them in a bowl. She pulled the eggs out and placed them in a bowl. Then she ladled the coffee out and placed it in a bowl. Turning to her granddaughter, she asked, “Tell me what do you see?”

“Carrots, eggs, and coffee,” she replied.

She brought her closer and asked her to feel the carrots. She did and noted that they got soft.She then asked her to take an egg and break it.

After pulling off the shell, she observed the hard-boiled egg.

Finally, she asked her to sip the coffee. The granddaughter smiled, as she tasted its rich aroma. The granddaughter then asked. “What’s the point,grandmother?”

Her grandmother explained that each of these objects had faced the same adversity–boiling water–but each reacted differently.

The carrot went in strong, hard and unrelenting. However after being subjected to the boiling water, it softened and became weak. The egg had been fragile. Its thin outer shell had protected its liquid interior. But, after sitting through the boiling water, its inside became hardened.

The ground coffee beans were unique, however. After they were in the boiling water they had changed the water.

“Which are you?” she asked her granddaughter.

“When adversity knocks on your door, how do you respond? Are you a carrot, an egg, or a coffee bean?”

Think of this: Which am I?

Am I the carrot that seems strong, but with pain and adversity, do I wilt and become soft and lose my strength?

Am I the egg that starts with a malleable heart, but changes with the heat? Did I have a fluid spirit, but after a death, a breakup, a financial hardship or some other trial, have I become hardened and stiff?

Does my shell look the same, but on the inside am I bitter and tough with a stiff spirit and a hardened heart?

Or am I like the coffee bean? The bean actually changes the hot water, the very circumstance that brings the pain. When the water gets hot, it releases the fragrance and flavor. If you are like the bean, when things are at their worst, you get better and change the situation around you.

When the hours are the darkest and trials are their greatest do you elevate to another level?

—AUTHOR UNKNOWN

Filed Under: Blog, Random Topics Tagged With: odds and ends, personal thoughts

Georgia Tech Condos Under $100,000…Going, Going…ALMOST!

January 22, 2013 by Thom Abbott

Midtown Atlanta Condo Inventory and PricesDespite what you might hear on the news, real estate is moving. And priced right real estate is moving even faster.  And if you are looking for a Georgia Tech Condo Under $100,000, you better look, and buy fast!

In December, 2011, the average Sold Price for a 1 bedroom at Cornerstone Village was $73,000. In December, 2012, the Average Sold price had inched up to $76,500. But, there were four 1-bedrooms Under Contract at an Average List Price of $90,500.  That is an increase of 15-18% in the price. (Keep in mind LIST price and SOLD price will be different)

In looking at the year 2012 compared to 2011, the OVERALL Average List price was $121,784 and the Average Sales Price was $108,561. Compare those number to 2011, when they were $106,895 and $92,941.

If you’ve been considering a real estate investment for your GATech student to live in while they attend school, now might be the time to pic up that Cornerstone Village Condo!

Call me TODAY at 770.713.1505 or email me at Info@MyMidtownMojo.com  for the most up-to-date availability of Cornerstone Village Condos For Sale, the closest condominium building under $100,000 to the GATech campus! 

Filed Under: Blog, Buyers, Georgia Tech Tagged With: Cornerstone Village Market Reports, georgia tech housing, Intown Atlanta Real Estate, Midtown Atlanta Condominiums

The 203k Renovation Loan – Loans for Fixer-Uppers

January 21, 2013 by Thom Abbott

Rehab loans, FHA 203kSee on Scoop.it – Midtown Atlanta Conversations and Condos

A government financing program covers both purchase and renovation costs for single-family houses and multifamilies up to four units.

 

Thom Abbott‘s insight:

The FHA 203K loan is a great opportunity for all Buyers to pick up a home that needs work, and they can finance that work into the purchase price. INDEED, you want to plan for a longer time in your Purchase and Sale Agreement to close due to the additional steps needed in getting this type of loan. You will have to have estimates done as to the cost of the renovations, and make sure that those costs will help the property appraise once the work is finished.

See on www.nytimes.com

Filed Under: Blog, Buyers Tagged With: Intown Atlanta Real Estate, Intown Atlanta Real Estate Buyers Guide

12th & Midtown Adds To It’s Master Plan

January 19, 2013 by Thom Abbott

After what the real estate market did around the country, and in Atlanta, news of expansion is always a good thing. And when that Atlanta news is in Midtown Atlanta, I say all the better, right?

It would appear that 12th & Midtown developers Daniel Corp. and Selig Enterprises Inc. are assembling land to expand their 12th & Midtown project with more retail and apartments. In the past few months it would seem that the Midtown Duo has placed some other choice morsels of Midtown land in their shopping bag. It made me think, What could they have picked up? The Atlanta Business Chronicle article mentions a FIVE block area around the existing 12th & Midtown location.

Midtown Atlanta Development at 12th and Midtown

 

12th & Midtown Adds To It’s Master Plan

The map above indicates some options. (I stand corrected if I’m wrong….) The red circles are the property that 12th & Midtown already has. 1010 Midtown Atlanta, the high-rise condominium building is on the corner of 11th and Peachtree (left side looking at the Map.) The Loews’ Midtown Hotel is on the right hand corner. The check mark indicates the site of the new 77 12th luxury apartment building. The purple circles indicate SOME (not all)of available vacant land in the immediate area. And with the Selig holdings, there may be parts of this area they already own.

Plaza Midtown Atlanta Condos For SaleDaniel and Selig, who also partnered to build Plaza Midtown Condominiums at West Peachtree and 8th, say their new contracts for the expansion of 12th & Midtown validates its long term vision since they launched the $1.1 billion, 2.5 million-square-foot project at the height of the market in 2006. “I think we’re helping change the face of Midtown and, by that, the face of Atlanta,” said Selig Enterprises President Steve Selig in the ABC article.

It’s backed by capital partners including Canyon-Johnson Urban Fund L.P. and MetLife Real Estate Investments.

77 12th Street, a 23-story apartment building will be complete this May. (Above map notes the location of the new SkyHouse Apartments, built and just opened by Midtown’s condo builder, Jim Borders and Novare.

As the project moves forward, retail is a major focus of the group. And for those residents in Midtown Atlanta, we know it would be nice to have some shopping. Unfortunately, I think rental rates keep the little guys out, and hence you see stores like CB2, and high end restaurants like STK. Also, some retailers either don’t see the traffic, have stores in other locations they feel residents will travel to (a.k.a. get in your car) or, their retail model does not fit in the space. I’ve often wondered, could not a GAP, Jr work in Midtown Atlanta? Not a full size store, but where limited items could be carried and perhaps a on-line order feature for items not in the store? Hmmmmm….

Another ABC article quotes Shirley Gouffon, Senior VP of Selig. The current land deals will give 12th & Midtown the ability to add some 200,000 sq. ft. of retail space! (In comparison, the current foot print of the development has about 130,000 sq. ft.)

“It will be significant,” said Gouffon, who heads retail leasing for 12th & Midtown. “I’m very optimistic about the future. It’s not happening overnight. But, it is happening.” Some of the new space will be in future development of the vacant block just north of the Loews’ Hotel. (This is the vacant block in front of Park Central Condominiums, and where the current Food Truck Thursday’s happens.)

“What we would do is enhance what is already there and successful,” Gouffon said. “It’s truly a thriving dining destination to date. We think that we have the opportunity to enhance that and expand upon it with other uses.”

There is certainly an increased density of people in Midtown Atlanta since 1997, when the first construction and conversions started. Retail follows rooftops, and with the new apartment buildings under construction (THREE, including SkyHouse, 77 12th and 100 6th Street) we are certainly getting more! But, much of the talk of the retailers always leads to high end fashion retailers. Peachtree Street had My, My, My and Drew Lewis who have both since closed up shop. I often wonder how many of the residents in the high-rise condominium buildings and apartments will be out buying $300 sweaters or $100 dress shirts?

And there is the challenge of other locations where retail is being developed, adding to the competition. West Midtown has seen several new stores open, and the future Ponce City Market, being developed on the south edge of Midtown are sure to turn up the retail heat for tenants.

“All of the tenants that have opened to date at 12th & Midtown are doing very well,” she said. “It’s become a great story for us as we market to other retailers.” Let’s just hope its more retail and not more restaurants and stores Midtowner’s can, and want to shop in.

NOTE: A big shout out to Amy Wenk with the Atlanta Business Chronicle for TWO stories on the 12th & Midtown development. Readers may remember Amy as the former editor of Midtown Patch. Thanks Amy!

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

Classic Car Commercials — 1961 Lincoln Continental

January 19, 2013 by Thom Abbott

You have to marvel at all parts of this commercial…it’s black and white, which makes a statement.

The technology of the time — the doors, the convertible top…and a 4-door convertible as well!

These truly are classic cars, and sought after as well!  I’d love to have a 1969 … the last year of the suicide doors!

 

Filed Under: Blog, Random Topics Tagged With: automobiles, classic car commericals

Three Georgia companies on Fortune ‘100 Best Companies to Work For’ list

January 18, 2013 by Thom Abbott

There are lots of good things in Georgia…many of them I’ve yet to experience…..but that’s another post!

Atlanta (and Georgia) has some pretty impressive place to work! We have some major U.S. Corporations based in Atlanta, including Coca-Cola, Delta AirLines and United Parcel Service, just to name a few! but, it’s pretty cool when you make Fortune Magazine’s list for something!

Three Georgia companies on Fortune ‘100 Best Companies to Work For’ list

 Fortune Magazine’s 2013 “100 Best Companies to Work For” list has  three companies that many Georgians  know.

Coming in at Number  23 is Atlanta law firm Alston & Bird LLP, which has 1,646 employees. Ranking 24th in 2011, Alston & Bird, LLP is praised for such employee benefits as  “$10,000 and 90 paid days off for adoptions; partial scholarships for on-site child care; health coverage for autism, infertility, and marriage counseling; and an entire wall dedicated to the artwork of employees’ children.” (BTW….their offices are located in Midtown Atlanta!!)

Children’s Healthcare of Atlanta ranked 46th with 6,755 employees. Ranking 49th in 2011, Fortune commented that the hospital “lures nursing recruits with slumber parties for out-of-state candidates to interview and meet with leaders, site tours for families, and tickets to events.”

Columbus, Ga.-based insurance giant Aflac Inc. (NYSE: AFL) came in at No. 84.  Fortune liked how AFLAC “hosts an annual six-day appreciation week; last year it included theme park visits, film showings, skating, and daily giveaways.”

I once had the opportunity to visit AFLAC’s headquarters….imagine a table SO large, made out of a tree, that it was put in place AS the building was being built….and won’t be coming out anytime soon. I also remember the house with the lawn, built on top of the garage!

Maybe you can make your career move to one of these companies…or any of the other great choices you’ll find in the Metro Atlanta area!!

Filed Under: Atlanta Relocation, Blog, Random Topics

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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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