New York City
Viewpoint Condominium October 2014 market update
The past year has a flurry of activity within The Viewpoint. Prices took a leg up of approximately 10% late in 2013, early 2014. It was interesting since then, as many original owners, and those who were able to buy units on the cheap in 2010 and 2011 were able to sell and break even, if not make a handsome profit. The announcement of possible construction on the Peachtree block between 5th and 6th street also spurred some selling midway through the year. I am happy to point out that for the most part that selling has now abated, and remarkably prices never declined, and...
Opening price point high quality alternitives to renting in Midtown and Downtown
As many know I moved to Atlanta about 6 years ago. I had negotiated for 3 months of corporate housing, and after my first few weeks here I set out to look into housing options. What I found at that time was that the rental markets in both Midtown and Buckhead were quite expensive. I had predetermined that Midtown made the most sense for me. I really don’t know why I was so quick to shun Buckhead. At the time I think it was really just mostly the walkability aspect. Perhaps it was the early experiences in Atlanta. Staying at the Intercontinental Buckhead, I...
Highrise views, new developments and their effect
Over the past few weeks in Midtown the potential for a new luxury highrise rental tower between 5th and 6th on Peachtree has been the talk. Since the curbed.com article came out, many have been asking about the potential for this new glass building. I would find myself fielding calls (early on a Saturday no less) from other Intown Condo Agents on the potential for this to be built. As I have told my clients, yes I was under the assumption that it was zoned for 14 stories, and that the only place we have seen this blogged was in curbed.com. One of my clients just closed on a...
The 2013 Fortune 500 List – Atlanta Companies and what they mean for Real Estate
A few weeks ago I received my copy of the 2013 Fortune 500 in the mail. Only today while killing some time at Grindhouse Burgers in Buckhead was I able to get a good look through it. Before delving into 2013′s list and what it means for Atlanta let offer some background with regard to my thoughts on the list, the companies and what they can mean to a local real estate market. Let me first start by mentioning my thoughts six years ago, when abandoning NYC in 2007 I told my many friends in California and New York about how Texas was leading the nation not only in new job growth,...
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...
Inman Green
Inman Green is a Gold level LEED Certified, Earth Craft, & Energy Star certified modern community built in 2008. There are twelve units in the community. This grouping reminds me of the kinds of new condo developments that you have seen in Queens and Brooklyn over the past ten years. Developers would take smaller plots of land and develop smaller high quality projects like this one. This is right on the edge of Inman Park, and has nice access to Marta within walking distance which is super nice for the business traveler, or someone who works Downtown. As of this posting there...
