The Stacks Lofts Historic NY Style Lofts at an Amazing Price

The Stacks Lofts is in Cabbagetown are marketed as “Atlanta’s only real NY style lofts”.    Up until this past summer I had often overlooked the Lofts as the first phase of development here tended to be smaller size units.   A few years ago the vast majority of what was available here were 800-1100 sq ft “Lofts”.     At that time there were a number of foreclosures of these smaller size units in the community and I did not see the relative value of the building, given the smaller scale of these “Lofts” at the time.

Fast forward to 2012 and now The Stacks has truly lofty components for sale.   The current phase of development has rather large loft homes at very competitive prices.   What has me excited now?  Well, think 1700-1850 sq ft lofts, some with views for only $230k-250k.   These homes come out to less than $120.00 a square foot.  That is by far cheaper than many resales in tear down midrise buildings.

Unlike a few years ago when foreclosures of the more opening price point units were more prevalent, for this year it seems there have been minimal to no foreclosures that I can recall.    Couple that with the facts that the developer is slowing moving through his units at a steady pace, and that the building is strong enough to be FHA approved, and you have a great idea for investing in a true Atlanta Landmark.

Solid brick construction and soaring smoke stacks, even the original water tower boldly contrasts with forested horizons and sparkling city lights. At The Stacks you’ll inherit exceptionally high ceilings, industrial-sized windows, exposed beams and real brick walls, all combined with luxuries that create style with ease, life the way you want it.     The building is a vibrant group including many young professionals and artists.   The pool in the center of the community is BIG.   I was there this summer and was amazed a what a pool scene it was.  It rivaled, and in fact even surpassed many of the pools scenes in Midtown and Buckhead at some of the best known highrises.

Cabbagetown where the Stacks is located is a fun, smaller area adjacent to Inman Park.   As many of you know I am a huge fan of Inman Park and its many condo, dining and nightlife options.   As the economy, condo market and Atlantan’s income improve you will see Cabbagetown grow as the next logical “yuppie” progression of Inman Park.  Another aspect that is appealing is that there are some Lease permits available here.    These could be a great investment offering both income and upside appreciation.

Contact Andrew Doyle of ATL Condo Deals today for more information on The Stacks Lofts.

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One Response to “The Stacks Lofts Historic NY Style Lofts at an Amazing Price”
  1. blog says:

    Wow! Thank you! I always needed to write on my website something like that. Can I include a part of your post to my blog?

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