By Kathy Dean
Atlanta, especially Intown, is full of upscale shopping, world-class restaurants and a year-round calendar of events. It’s where everyone wants to be. Fortunately, there are some residences and office spaces that can honestly boast being on prime Intown property – and that are still available for purchase or lease.
Located on the 28th to 50th floors of Buckhead’s tallest new tower, Sovereign provides residents with an opportunity to experience Intown living in a luxury high rise. The magnificent condominiums range in price from $800,000 to $2.7 million. Each condo is fitted with upscale finishes and fixtures, including high-end appliances, flooring and technologies.
“We’re located within walking distance to some of the finest dining and shopping that Atlanta has to offer,” said Kristi Torgler, Director of MKT for Regent Partners. “And our building is home to Bistro Niko and Buckhead Club, so there’s fabulous dining and entertainment just steps away from home.”
Sovereign also has three lounges and a 28th floor skyline pool with jacuzzi. Other amenities include outdoor grills, a guest suite, catering kitchen and membership to Buckhead Fitness.
The condos’ popularity continues to rise and the numbers show it. Torgler reported that Sovereign is nearly 70 percent sold out, and her office has recorded close to $30 million in sales over the last year. “We suggest that interested parties make an appointment to schedule a tour. Our sales office is open seven days a week and provides valet parking.”
Another great Intown option is Ansley Parkside, situated right in the middle of Ansley Park, Morningside and Midtown, where residents have the best of each neighborhood. Piedmont Park is just a short stroll away, as are shopping centers, grocery stores, restaurants and public transportation. The classic townhomes with the Charlestonian charm and dramatic views start in the mid $400,000s.
“Ansley Parkside has a fabulous amenity area that features a pool and outdoor fireplace,” said Christa Huffstickler, VP of Sales, Neo Luxe Group-Atlanta Fine Homes Sotheby’s International Realty. “This is extremely rare in a community with only 41 homes.”
Another plus is the extremely low HOA dues, only $250 per month, inclusive of all exterior maintenance and maintenance of the amenities. Understandably, such a great value in the center of town is going fast.
Huffstickler added, “We’ve completely sold everything we have that’s finished, and are currently pre-selling our next building, scheduled to be completed in July. We anticipate that we’ll be sold and closed out of the entire community this year, as we only have one additional building left to construct.”
New townhomes are available at Highland Park, located on the border of Inman Park and Old Fourth Ward, with a direct connection to the Beltline’s Eastside Trail. The homes range from 2,025 to more than 3,400 square feet and include features like two-car garages, finished terrace level bonus rooms and, in the larger homes, rooftop terraces with spectacular city views.
“Obviously, the appeal of the Beltline is a big draw, but more than that, buyers want to live in a truly walkable neighborhood,” explained Michelle Horstemeyer, Vice President of Construction, John Wieland Homes and Neighborhoods. “Highland Park’s proximity to the area’s restaurants and entertainment makes it the perfect destination for just that.”
There’s been strong interest in the neighborhood from the very beginning, especially with the reasonable price range of the high $300,000s to $600,000s. Horstemeyer noted that all of the homes currently under construction are under contract, and reservations are now being taken for future buildings.
She did offer homebuyers some hope, though. “Later this year, there’ll be a new offering of Intown luxury townhomes, as well as single family homes, by John Wieland at The Enclave at Collier Hills.”
There’s room for businesses to move Intown, too, and when it comes to Atlanta, there’s no name more recognizable than Peachtree.
“Professionals like the Peachtree Road address and there are very few opportunities for ownership along that corridor,” said Jeff Pollock, principal of Pollock Commercial.
Overlooking Peachtree Road with floor-to-ceiling windows, The Astoria at The Aramore equals its prestigious location with Class A office condominiums that range from 800 to 14,000 square feet. The new building’s unbeatable location and high construction quality is only part of the story; each office condo is a clean site ready for an owner to customize to their business’ needs. There’s ample parking in the covered deck that’s not only free, but also has traffic light access.
Pollock continued, “The benefits at The Astoria at The Aramore are simple – quality, location and amenities at a reasonable price. And our residents enjoy some of the best restaurants in the city, like Restaurant Eugene, which is right here.”
There are already commitments for over half of the space, and two sales closed since the beginning of the year. Mandel Media Group has offices in The Astoria at The Aramore and a law firm is scheduled to move in the early part of June.
Midtown office space is at such a premium that tenants are lining up to get into Parkside@Armour, even though the renovation isn’t underway yet. The project is owned and developed by a partnership between Parkside Partners and Brookwood Investments. Over the past 10 years, Parkside has completed 10 loft office conversions, more than 400,000 square feet of space, with six of those projects located on the Beltline.
According to Kyle Jenks, principal and owner of Parkside Partners, the renovation of the existing vacant warehouse is scheduled to start in the late summer, with the first tenants moving in early 2014. “The building has the best access to I-85 and I-75 of any loft office building in Atlanta,” he added. “Once completed, the project will contain 60,000 square feet of creative loft office space, including a new 2 level loft office or showroom building that will be developed on our excess land.”
The warehouse, located in the area now known as the Sweetwater Design District, is anchored by the Sweetwater Brewery and has a unique mix of tenants–designers, artists, non-profits and industrial users. Individual offices at Parkside@Armour will range from 1,000 to 10,000 square feet and will be built to tenant specifications.
Some of the building’s unique features include 16-foot ceilings, skylights, exposed brick walls and dramatic views of Midtown. There’ll also be a common area conference room and break room, and tenants and their visitors will be able to enjoy a 3,000 square foot patio area.
“We’re 25 percent pre-leased, and are in discussion with several other interested parties,” Jenks said. “We believe that Parkside@Armour will have the same success as our other loft office projects in Midtown, including The BlueHorse, Inman Alley and Parkside@Piedmont, which are currently all fully leased.”