See on Scoop.it – Georgia Tech News Events
THE FLATS – The home of Georgia Tech football for a century, Historic Grant Field will celebrate its 100th anniversary this fall.
See on www.wtxl.com
by Thom Abbott
See on Scoop.it – Georgia Tech News Events
THE FLATS – The home of Georgia Tech football for a century, Historic Grant Field will celebrate its 100th anniversary this fall.
See on www.wtxl.com
by Thom Abbott
One year, when I was a kid, we had to snowmobile a mile from the highway into our house…that’s how much snow we had. I think it was the same year when the snow was piled so high on either side of the road, it was like driving in a tunnel. I’ve seen me some bad weather.
But when they predict freezing rain, or an ice storm in the South, it truly brings everything to a grinding halt. It’s pretty hard to do much when EVERYTHING is covered with a sheet of ice. Imagine you could poor water over your entire car, but it freeze the instant it touched it. THAT is what an ice storm looks like.
We are “hunkered down” in our home, well provisioned, with our fingers still crossed we don’t lose power. So far so good, but the day is not over yet.
It’s been a winter alright….even my friends up North have seen their fair share of snow, snow, and more snow. So I suppose a couple days here is not the end of the world. Well, unless you were in a grocery store yesterday afternoon. Then you might have thought otherwise.
by Thom Abbott
See on Scoop.it – Other Atlanta News Events
Talk about a real deal. The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home…
It was not a Hollywood actor-type taking up residence that purchased this monster of a mansion, but let’s hope that Rick Ross can keep the place up.
See on atlanta.curbed.com
by Thom Abbott
The interest for Midtown Atlanta certainly is not waning as numerous apartment developments are announced. Note….I said a-p-a-r-t-m-e-n-t-s….not condominiums. But at least it appears one developer has figured out that Midtown Atlanta needs an iconic building.
Integral Group, headed by Egbert Perry has presented a plan for a 35-story apartment tower on the corner of 6th and Peachtree Streets. The current vacant lot is surrounded by Viewpoint Midtown, 805 Peachtree and across the street, Cornerstone Village. Perry is noted for his re-development of the Techwood Homes housing project into Centennial Place, a $153 million mixed-use development, and Centennial Park North, a $45 million townhome community. Both became a model for revitalizing public housing projects. Additionally, Integral Group is also working to acquire the former General Motors Plant in Doraville…some 130 acres located at I-285/ I-85 and adjacent to the Doraville MARTA station.
It’s clear to the eye, that Atlanta in general has been the settlement of plain glass towers without much character. Sovereign Buckhead would be the one new building to have broken that trend in recent years. The “Iconic” (we’ll call it that for now) would certainly be a stand out on the Midtown Mile and bring some much needed architectural character to the community.
Plans call for around 400 apartments and 25,000 sq. ft. of retail space. It will not be a value address when it comes to rental rates. Industry experts say the rates will push $2 per square foot, or more, such as the recent 77 12th apartments have done. 77 12th is part of the 12th and Midtown development that includes the Loews’ Hotel and 1010 Midtown condominiums.
So, a 1 bedroom at 800 sq. ft. would be $1600 per month. If floor plans offer a 1,400 sq. ft. 2-bedroom home, rent would be in the $2,800 range. To those living in Midtown and paying $1000-1300 for a one-bedroom would be wise to sign multi-year leases if they knew they were going to be staying in Midtown. It’s not getting any cheaper to rent!
From the Buyer’s perspective, it is anyone’s guess if such a building would be built and converted to condominiums instead of apartments, or they will open as apartments, and in a few years, convert to condominiums for purchase. Certainly right now, a new construction condo purchase in Midtown Atlanta is going to be reserved for those willing to pay $600,000 and beyond.
And here is a glimpse of the site where this building is proposed.
by Thom Abbott
If it’s your first time buying, or living, in a condominium, you will have many questions! Life is different, even than that of an apartment building. Remember, in an apartment, one company owns the ENTIRE building. In a condominium, you own your individual unit, and a percentage of the rest of the building based on the size (square footage) of your condo.
The policies for moving into a condominium building in Midtown Atlanta are as varied as the buildings themselves. But let’s review some of the most standard policies:
These are just some of the main questions we are often asked about How Do I Move into a Condo Building! If we think of something we missed, or other details, we’ll be back to update this information!
by Thom Abbott
See on Scoop.it – Other Atlanta News Events
Great news for multi-use trail zealots: The first phase of PATH400, a Beltlineian trail that will wend for 5.2 miles through Buckhead parallel to Ga. 400, is set to…
See on atlanta.curbed.com
Thom Abbott
Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office