See on Scoop.it – Midtown Atlanta Conversations and Condos
The proportion of all-cash home sales has doubled since May, making up 42 percent of all deals done in November, RealtyTrac reports — the largest proportion of cash sales since the data aggregator began tracking the stat nearly three years ago.
Interesting observation. Keep in mind this are really broad numbers, but we’ve seen some cash buyers for sure!
See on www.inman.com
See on Scoop.it – Georgia Tech News Events
The Yellow Jackets’ option offense features effective weapons, but athletic defenses have had success shutting Georgia Tech down.
I’ll probably be someplace and miss this game!
See on www.usatoday.com
If you are shopping for a Brand New, never lived in condominium in Midtown Atlanta, you will be hard pressed to find one, or you better have a really fat check book. All of those construction cranes you see are NOT for new condominiums, but for rental apartments. So, the question now on everyone’s mind is….
As of recently, (meaning in the last year) we’ve seen SkyHouse North be completed, and be fully occupied. Then there is 77 12th (part of the 12th & Midtown development) that just in the last week announced that they are now 95 percent leased. And these were no cheap apartments!!! (I can’t place my hands on pricing info at the moment, but I recall studio floor plans started at $1500 per month!)
Now, coming in January, we have SkyHouse South, located next to Viewpoint Midtown. There is also apartments under construction at Ponce and Juniper Streets, new apartments near the Old Fourth Ward Park and Ponce City Market; several projects in Midtown West!
Let’s see what happens!
MERRY CHRISTMAS FROM OUR HOME TO YOURS!
MAY ALL THE GOOD TIDINGS OF THE SEASON BE YOURS!
WHETHER YOU HAVE TRAVELED NEAR OR FAR, WE HOPE YOUR HOLIDAYS
ARE FILLED WITH FAMILY AND FRIENDS
Back before the market crash, I think I had a bit of a “crystal ball” moment. I used to look at all the new buildings going up (and proposed) and said, “This is awesome, all this new construction, but who is going to fill all these buildings?” Well, we know what happened in Midtown Atlanta, and many other cities as well. But times, they do change, right?
An article in the Atlanta Business Chronicle states the longtime Atlanta developer John Wieland has brought back One Museum Tower to Peachtree Street, across from the High Museum. On the right is actually a photo I took from INSIDE the High Museum, looking across Peachtree Street to the then vacant site back in 2007. At that time, the site had already been sitting there for well over a year.
At Midtown Alliance’s Development Review Committee last week, the building was introduced again, in a much smaller version. The original plans were for a 23-story building with some 90+ homes starting around $2 Million! (I wondered THEN where THOSE kinds of buyers were coming from?)
(Drawing/photo compliments of Midtown Patch/ABC)
Fast forward to this week, and we now have a very scaled down One Museum Tower… FIVE story building with only 48 homes, ranging in price from $700,000 to $2.5M. (I again have to wonder, are there that many condo buyers out there for this price point of a condo? Another building, Seventh Midtown has also been announced, pricing to start at $600,000 and go to $1M)
While it’s great to see the wheels of construction begin to turn, I hate to see a prime piece of Peachtree Street not see it’s potential when it comes to a high-rise building. Mind you, I’m sure the residents of Ansley Park (just behind this site) are jumping for joy at a smaller project with out the height!
Let’s see what happens with the new and improved One Museum Tower!
Below is the building proposed about 7 years ago!
I’m sure you’ve heard that saying before. “When you’ve got your health, you’ve got just about everything.” It’s true.
I’ve had a touch of the flu, leading into a head/chest cold for the better part of the past week. Pretty much kept me in bed, or on the couch, without much energy or desire to do anything except sleep. And watch TV. And I don’t watch much TV.
I did manage to get out on Friday and help my last buyer of the year close on her new condominium at 1010 Midtown! She’s excited, and we have postponed out celebration until after the holidays! I felt so bad I could not give her a big congratulation hug, but we agreed distance was the best policy!
When you are not feeling, 100%, it just sucks. At least for someone like me that works 7 days a week. Needless to say, I’m behind on everything as Christmas looms a couple days away. But, I know there are many others that are far worse off than I am, and so I really don’t have anything to complain about!
But, when you are feeling on top of the world, and someone around you is not, take a moment to check on them. Do they need anything from the grocery? Pick up something for them? Walk the dog? That gesture will be much appreciated.
Happy Holidays From MyMidtownMojo.com! I’ll be back in the saddle in a day or two with lots of work to get done and information to share!
