See on Scoop.it – Midtown Atlanta Conversations and Condos
Midtown Atlanta is truly lacking in AFFORDABLE small space for small businesses, from retail to office space. I wonder what this space costs?
See on www.stockhouse.com
“For a city this size that’s called itself the most connected city in the Southeast, we want to be the leaders of that,”said Interim Chief Information Officer Michael Dogan. “It’s expected you’ll be able to work, play, and enjoy whenever you are.” Dogan was quoted in an article in Creative Loafing.
Piedmont Park’s installation is expected to cost “several hundred thousand dollars” to build the necessary infrastructure. Once in place, there would be additional maintenance costs once the WiFi up and running. While the city hasn’t nailed down a final timeline, Dogan thinks some level of WiFi can be expected within the next six months. And yes, the WiFi will be free, in some capacity.
Additionally, the City of Atlanta is talking with Central Atlanta Progress, Midtown Alliance, and Buckhead Community Improvement District about bringing free WiFi to those business districts. Nothing definite with this proposal…more like it’s under consideration.
I would only say that when using a free network like this, you do open yourself and your computer up to hackers. Considering Midtown Atlanta is home to Georgia Tech….hmmmmm. I might keep my secure wireless connection…but this still is a good thing to offer up. It’s not expected to come on line much before early next year.
Is the condo building vacation about to end in Midtown Atlanta? It would seem so. Coming soon to the corner of Peachtree and 7th Streets is….Seventh. (Hey, nobody said our Atlanta developers were creative in naming buildings….) It will be the first new condo building built in Midtown Atlanta in SEVEN years….
I actually attended the Design Review Committee (DRC) Meeting at the Midtown Alliance when this project was first presented as luxury apartments. Robin Loudermilk, the former Aaron’s Inc. CEO and now a full-time real estate developer has also purchased the retail component and retail parking portion of the Viewpoint Midtown building, located next to the proposed building site. At the DRC meeting, a plan was presented that will “tie together” the Viewpoint retail space with the new 100 6th Street apartment building and its adjoining parking garage and retail space. That will still happen, the change is now the apartment building will be condos.
Mind you Midtown Atlanta condo buyers, don’t get your checkbooks out just yet. Unless you have a BIG checkbook. The building will feature 21 condo homes, ranging in size from 1700-2000 square feet, with the homes starting at $600,000! Additionally, there will be two penthouse homes at 2,500 sq.ft. starting at just under $1 million. And this is not a high-rise building by Midtown Atlanta standards…the building is not expected to pass the amenities level of its neighbor, Viewpoint, which are on the 11th floor. In an article in the Atlanta Business Chronicle, it states the building will have access to the Viewpoint amenities, most likely meaning pool, fitness center and rooftop pool, all located on the 11th floor.
Loudermilk said the project does not have a construction loan, and they won’t break ground until a significant number of the homes are pre-sold. The price point of the building will be $350-400 per sq. ft. which is high, considering most recent sales in Midtown Atlanta condo buildings have been less than $300 per square foot.
But the Intown Atlanta market has been brisk in the last year, and prices have gone up some 19% from 2011 to 2012.
We’ll be keeping an eye on this building. If you have any interest, contact us to be placed on the VIP list for pre-sales when floorplans and specific pricing are available.
Oh, by the way…for your Starbucks addicts, this IS where the current Midtown Starbucks is located. But never fear….Starbucks will relocate to empty space in the Viewpoint retail area, and when the building is completed, it will be the major retail tenant for the new condo building. Whew….you thought you were going to lose your Starbucks!
See 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.
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
Downtown Atlanta is about to get another new attraction…and a pretty cool one at that!
The Atlanta City Council approved plans for the Atlanta Ferris Wheel, called SkyView Atlanta, at its Monday meeting. No city funds are being used to install the ferris wheel, but the City Council did have to approve the project due to neighboring utility lines, and the soon to arrive Atlanta Streetcar.
SkyView Atlanta Ferris Wheel will have an international connection as it was first in Paris,France! More recently it was in Pensacola, Florida and is currently in Pennsylvania, although it does not mention if it is in storage or in use there. It is expected that Skyview will begin assembly here in Atlanta within just a few weeks, and may even be up and running in June! Stay tuned her and I’ll be sure to capture some photos of the site before, during and after the assembly of the Wheel.
The cost for a ride is expected to be $13 and last about 15 minutes.
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