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Home & Real Estate

Trends � Development � City Living

Hot Market

Demand continues for Intown condos and townhomes By Kathy Dean

T

he Intown real estate market is only getting hotter. Condominiums and townhomes are some of the most popular choices for homebuyers. Several new projects are in the planning and development stages, while current communities are selling out fast.

“Every day there’s a new announcement of companies relocating their businesses to Midtown, which continues to drive up the demand for condo living,” said Karen Rodriguez, Co-Founder, Vice President, CITY HAUS, Berkshire Hathaway HomeServices Georgia Properties. “With a constant influx of millennials and empty nesters all desiring this type of living, we believe the condo market will continue to be a driving force in the overall Intown real estate market,” Rodriguez added. The under construction No. 2 Opus Place (opusplaceatlanta.com) on 14th Street is one popular condominium community in Atlanta. The 53-story building of one-, twoand three-bedroom homes and penthouses are priced from $700,000 to $12 million. “No. 2 Opus Place is designed by Perkins + Will, with interiors by the New York design firm Champalimaud,” said Rodriguez. “A few of the many features are open floorplans, floor to ceiling glass, Miele appliances, marble and quartz countertops, and Smart Home technology.” Christa Huffstickler, President & CEO, Engel & Völkers Atlanta, has seen a strong surge of interest in the Intown condo market. “Developers are responding to this pent-up demand and we’re seeing exciting, high-end projects opening in hot areas like Midtown, West Midtown and South Buckhead,” she said. Metro Atlanta is expected to add 55,700 jobs in 2017, Huffstickler reported, and since the city is a top contender for Amazon’s second headquarters, she predicted that the housing market will continue to flourish over at least the next several years. “The luxury market especially is having a moment,” she said. “As Atlanta’s population steadily grows, we’re seeing demand for attached product with expansive floorplans, white glove amenities and great locations in the urban core.” The prices are already rising in the high-

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No. 2 Opus Place

end condo market, between five and six percent each year, and Huffstickler said she doesn’t expect it to slow down, even as developers work to catch up with demand. She pointed to three exciting condo projects that are attracting a lot of attention. “The Atlantic in West Midtown offers stunning floorplans with floor-to-ceiling windows and breathtaking skyline views,” she said. Five-star amenities include a fullservice concierge and valet parking. “Residents also enjoy a state-of-the-art fitness club with a yoga studio and fitness on demand, along with a brand-new club room with billiards, televisions, wine storage, a catering kitchen and formal dining room,” Huffstickler continued. “The rooftop, resort-style pool and sundeck offer residents cabana towel service and a poolside concierge.” The Atlantic Station location on 17th Street and a dedicated shuttle to the Arts Center MARTA station make accessibility a breeze. The Atlantic (ownatlantic.com) has 180 available homes, ranging from the $400,000s to $1.4 million. Thirteen condominiums are still available at 1065 Peachtree (1065midtown. com) in Atlanta, where one-bedroom condos start in the $500,000s, two bedrooms from $1 million and three bedrooms from $1.6 million. With no more than five homes per floor atop the luxe Loews Atlanta Hotel, residences at 1065 Midtown offer posh living and panoramic views, with 12-foot floor-to-ceiling glass, open spaces and deluxe finishes. “The Peachtree Street location is just steps from Piedmont Park, the Midtown

business district as well as top dining, cultural and entertainment spots,” Huffstickler said. “There’s a full suite of amenities, including a 24hour concierge, fitness center and spa and The Atlantic housekeeping services.” Other top features at 1065 Peachtree include private, glass-walled terraces, pre-wiring for smart home automation and resident-only entrances and elevators, ensuring top-level security. The Cosmopolitan (rockhavenga.com/ cosmopolitan) is located in Lindbergh

Park, one of the city’s most ambitious redevelopment projects with its own movie theater, pool, gym and clubhouse. According to Huffstickler, the unparalleled location bridges posh Buckhead and vibrant Midtown, and offers pedestrian access to MARTA and a variety of local shops, cafés, eateries and nightlife. “The three-level townhomes boast modern Brownstone stylings including spacious, open floor plans with contemporary décor and details like subway-inspired tile and quartz countertops,” she said. Located on Lindbergh Drive in Atlanta, The Cosmopolitan currently has 33 available homes, starting in the $450,000s. “We’re seeing a marked increase in Continued on page 44

1065 Peachtree At l a n t a I N t o w n Pa p e r. c o m

November 2017, Atlanta INtown  
November 2017, Atlanta INtown