High Demand

Continued from page 46 began in 2014 with over $65 million in sales in just two and half years.

“We built out eight in 2014, sold all of those, built out the next ten in 2015, and then began building out the final homes at the end of last year,” she said. “These were selling so well that the developer took back four floors that were earmarked for the hotel and built out eight more homes in 2016.”

Rodriguez added that the name of the newly introduced product at Mandarin Oriental, Maisonettes, is a French term that means ‘a dwelling within a dwelling.’ The multi-level townhomes feature 4 to 6 car garages, large walled-in front yards and large back decks with outdoor kitchens. The $2.3 to $2.8 million residences are currently under construction with delivery at the end of the year. “We have only released the first two to the market, one of which has already gone under contract.”

The Brownstones at Central Park, 410 Felton Drive in the Old Fourth Ward, are also selling fast. The homes are priced in the high $500s to high $600s, and Costner said that buyers respond positively to the affordable price. “They also comment on the quality of the construction and our upscale finishes, like the high-end mouldings and marble master bath.”

The spacious floorplans feature 3 bedrooms, 3 ½ baths, 2-car garages and oversized kitchens, as well as master suites with indoor and outdoor sitting areas. “We had 38 townhomes and they’ve already sold out. Now we’re selling Phase 2,” Costner said.

Townhome communities are continuously popping up in the Intown markets, Schwall said. She pointed to a few condo projects that are gaining momentum. The Charles Buckhead, developed by Robin Loudermilk, is located in Buckhead Village and offers 57 homes ranging from $1.3 to $4 million. Sales have been brisk since opening in December, and over $32 million is presold, making it possible for construction to start this month.

“Another condo project that continues to bring a new level of architectural appeal to the market is Emerson in Buckhead, with 41 units starting at $2.2 million,” Schwall said. “For the Midtown market, a project that’s getting a lot of buzz is Opus Place, 53 stories high with 231 condo units. It will set the bar for Midtown pricing, starting at over $1,000 a square foot.” A one-bedroom Opus Place unit starts in the $700s.

“Many buyers of townhomes appreciate the ability to have all the features of a singlefamily home within walkable communities and without the burden of exterior maintenance,” Bonura said. “A couple of great examples are Highland Park, between Old Fourth Ward and Inman Park, and The Enclave On Collier within the Collier Hills neighborhood. Both communities offer spacious and well-appointed homes in the heart of vibrant neighborhoods.”

Tufts mentioned several other projects that are generating excitement. MODA Reynoldstown offers three- and four-level townhomes and highstyle flats constructed from healthy building materials. Amenities include a saltwater swimming pool, dog park and urban vegetable garden. The MODA concept is being expanded to a Decatur location, MODA on Church. Broadview Place Manor in Buckhead will feature three- and four-story energy-efficient homes with open floor plans.

Museum Tower Tour of Homes will be held Saturday, May 20, from 11 a.m. to 3 p.m. Tickets will be $15 per person or $20 for a couple (cash only). Tickets can be purchased only the day of the tour at the lobby entrance at 285 Centennial Olympic Park Drive NW. Museum Tower will be showcasing some of its nicest, recently renovated and decorated one and two bedroom condominiums. For more information, visit museumtower.com.

Fulton Supply Lofts, a $12 million adaptive-reuse multifamily project near Mercedes-Benz Stadium, has opened for first move-ins. Located at 342 Nelson Street SW in Castleberry Hill, the 1920s-era warehouse was restored and converted into 74 lofts. The historic warehouse previously served as a distribution center for Fulton Supply Company and is featured in over a dozen films, including Oscar-winning Best Picture “Driving Miss Daisy.” Fulton Supply Lofts consists of one-, two-, and three-bedroom lofts and ample covered deck parking. Rents in the community range from approximately $850 to under $2,500 per month. Construction began on the three-story warehouse in early 2015 and was completed in January 2017. The project is currently 70 percent leased. For more information, visit fultonsupplylofts.com.

Pollack Shores has already leased 80 residences at Millworks at Howell Mill. Located on Emery Street near the intersection of Collier Road and Howell Mill Road in West Midtown, Millworks features 345 one and two-bedroom luxury apartments ranging from 727 to 1,581 square feet. The development features a creative studio in the commons area allows residents to pursue painting and other art activities, a large conference room, and there’s also a saltwater resort-style pool with a sun shelf and outdoor lounge. For more information about leasing opportunities, visit millworksatlanta.com.

Jim Chapman Communities, the Atlanta-based homebuilder specializing in luxury homes and 55-plus communities, has announced that The Homestead at Ridgewood Heights on Moores Mill Road in Buckhead is open for presale. The development features two-story homes with four or five bedrooms, and include options like finished basements, attic living, masters-on-the-main, elevators and bonus rooms. Seven homesites border a wooded parcel that cannot be developed. For more information, visit jimchapmancommunities.com.