The list of cities that have been truly dominant in new construction gains in recent months and years is a short one. But that list includes Atlanta, which ranks fourth among U.S. cities with the most new-home development, according to a recent Realtor.com census data study.
Located in the heart of Brookhaven, Skyland Brookhaven is a new townhome development marketed by Engel & Völkers and currently being developed by Southeast Capital Companies.
Intown condominiums and townhomes continue to be a hot ticket for homebuyers. The current limited inventory and increase in prices, however, have slowed things down a bit. Still, a few projects are coming online that could help open things up again.
Plans have been submitted to the City of Atlanta for Selig’s forthcoming 1105 West Peachtree mixed-use to go vertical. Last week’s application was specifically field for the project’s 31 story office tower. The building permit submission follows the launch of sales for 1105 West Peachtree’s condo component, 40 West 12th. Engel & Völkers Atlanta is managing the condo sales which launched this week.
Intown condominiums and townhomes continue to be a hot ticket for homebuyers. The current limited inventory and increase in prices, however, have slowed things down a bit. Still, a few projects are coming online that could help open things up again. (p.24 & 28)
This sprawling Midtown condo from 2007 is described as having been barely lived in, but that could be an understatement. Maybe “mothballed” is more appropriate. Spartan to the nines, it’s one of seven units for sale at the 24-story Aqua building, where both Lil Wayne and CeeLo Green have formerly lived the luxe penthouse life. Given its three-bedroom status as a high-rise condo, the unit is marketed as “the Midtown unicorn.”
Residents looking to live in Midtown may want to start saving now. New luxury condominiums, called 40 West 12th, recently went on sale with prices ranging between $500,000 and $2.2 million, according to a release on the project.
Another intown condo conversion is underway. Owners of Atlantic Station’s 17th Street Lofts apartments are converting the project to condominiums. The 147-unit project will feature one, two and three-bedroom units priced from $400,000 to $600,000.
The trend of renovating and repositioning Atlanta apartments as for-sale condos is continuing at Atlantic Station, where the largest conversion project in recent memory has begun. The former 17th Street Lofts rental building, which borders Atlantic Station’s central green space, is now known as District Lofts.
CF Real Estate Services and Engel & Völkers Atlanta today announced the conversion of 17th Street Lofts to District Lofts, a collection of 147 condominiums perched atop the retail centerpiece of Atlantic Station, with the first phase of the project currently undergoing a $2.3 million renovation.
When the formal sales promotion hasn’t even launched and you’re already making appointments, it’s a good bet that the marketing team has done an outstanding job providing the real estate market with the information needed to create buzz and potential sales right out of the block — or in this case — out of the ground.
Selig Development and Engel & Völkers Atlanta have launched sales for 40 West 12th, the new luxury condominium at its mixed-use development 1105 West Peachtree.
Cranes are going up around Midtown’s 1105 West Peachtree site, where a major multi-tower development is soon to begin vertical construction, project leaders tell Curbed Atlanta. By mid-April, three cranes will stand on the property, which is expected to one day house three towers offering office space, for-sale luxury condos, and hotel rooms.
A $400 million development will bring a new mixed-use skyscraper and “luxury” housing tower to 3354 Peachtree Road by 2022. The development will go up on what is now a 3-acre parking lot along Ga. 400 and the Buckhead MARTA Station.
Engel & Völkers Atlanta recently opened a new location in South Buckhead, holding a ribbon-cutting ceremony to celebrate the new digs. The shop is situated between Midtown and Buckhead on 25th Street and Peachtree Street. In preparation for the move, the Peachtree Street building received a facelift and now features a crisp white exterior.
Engel & Völkers Atlanta has appointed Christian Ross as managing broker. Ross will oversee and lead a team of 45-plus real estate advisors. Currently, she serves on the board of directors for the 9,000 member Atlanta Realtors Association.
Since the Great Recession petered out and thousands of luxury apartments began sprouting in Buckhead, Decatur, Old Fourth Ward, and other ITP hotspots, speculation has swirled that a mass condo conversion was inevitable.
TriBridge Residential has partnered with Engel & Völkers Atlanta, the leader in providing premier real estate services in the Atlanta market, to handle sales and marketing for the condominiums.
TriBridge Residential is pleased to launch sales for Harper on Piedmont, a recently announced condominium conversion situated on the border of Downtown, Midtown and Old Fourth Ward.
New luxury condominium homes are coming to Midtown, an area that’s seen major commercial and residential changes in recent years. Harper on Piedmont, located on 625 Piedmont Avenue, will consist of 111 newly designed studios and one- to three-bedroom homes with upscale amenities. The homes will sit on the site of the former Ivy Hall Apartments.
This week in Atlanta real estate: New downtown Norcross communities, Midtown apartment dilemmas and more
Miller Lowry Developments entered into a strategic partnership with Waterford Homes to develop two subdivisions near historic downtown Norcross. The partnership allows Miller Lowry to focus on larger developments by shifting from a general contractor role to that of a custom residential builder.
The project, named The Felix West Midtown, was recently announced by Miller Lowry Developments. The location at Huff Road and Earnest Street is in walking distance to Westside Provisions and will have direct access to the future extension of the Beltline, a press release said.
A boutique townhome community with what developers call top-quality, unique style is aiming to capitalize on proximity to the massive Avalon project and urbanizing downtown Alpharetta.
With a listing that brims with superlatives such as “alluring,” “breathtaking,” and “luxurious,” this gussied-up loft at The Stacks in Cabbagetown has much to live up to for potential buyers.
Based on the number of multi-million-dollar home sales in the metro Atlanta area between Jan. 1, 2018 and Nov. 15, 2018, the luxury residential real estate market in Atlanta continues to prosper.
Closing out the year from October 2017 through September 2018, Engel & Völkers Atlanta has released its Q3 market report, with some interesting findings regarding the city’s intown submarkets. While the number of sales went down and inventory is increasing in most areas, prices are increasing as well in hotter neighborhoods.
“I think we have grown tremendously as a city,” said Christa Huffstickler, the chief executive of residential real estate firm Engel & Volkers Atlanta. She cited everything from jobs, to the Beltline to restaurants and festivals. “There are a lot of draws bringing people into Atlanta. Simultaneously, you have had this urban workforce that built up.”
With new condo projects like the forthcoming of 40 West 12 and Atlantic — which debuted in 2017 and has sold over 100 homes — generating interest and posting high sales, we’re optimistic that the market will respond positively to new condo development throughout the rest of the year and into 2019.
Atlanta’s premier luxury real estate firm, Engel & Völkers Atlanta, will officially open its flagship shop’s doors this fall. At the crossroads of Midtown and Buckhead, two of the city’s hottest neighborhoods for high-end housing and cultural hotspots, Engel & Völkers Atlanta’s team of advisers is positioned to link together the aspirations of discerning individuals here and around the world with passion, expertise, and venerated leadership.
Chastain East, a community of 32 custom-designed residences nestled beside Chastain Park. The neighborhood is located in the prominent W.T. Jackson Elementary School district and is being developed by Southeast Capital Companies and Home South Communities. Homes start at $1.1 million, and the community has received the Atlanta Agents’ Choice Best New Development award. For more information, visit chastaineast.com.
Consumer sentiments towards owning & buying real estate continue to evolve, along with the definition of luxury. Our President & CEO, Christa Huffstickler, talked with Unique Homes Magazine about these changes taking place in the market since the 2008 Recession.
What sets this three-bedroom condo apart at the 2828 Peachtree building is the way it hogs almost half of the amenities level on its own, serving a level of high-rise verdure not spotted in Atlanta since the penthouse terrace at Midtown’s Luxe tower. The building, opened in 2002, is known for massive, full-floor residences, and in terms of sheer space (3,000 square feet), this customized pad doesn’t disappoint.
The market for townhomes and condominiums continues to be solid, with condos selling faster in 2017 than in 2016 despite low inventory, according to Engel & Völkers Atlanta’s annual market report. Between January and December of 2017, Atlanta townhome and condo sales increased by 37 percent, and the amount of days spent on the market dropped from 50 to 30.
Christa’s vast and varied experience in the marketing arena provides her a one-of-a-kind perspective, and her skills have proven to be invaluable in coaching and mentoring, helping to grow the businesses of her agents, implementing impactful digital marketing campaigns, facilitating project launches, creating innovative marketing campaigns, and executing exit strategy and onsite sales procedures..
Units around Midtown bagged almost 100 percent of asking price last year, according to new data. Despite hundreds of new for-sale multifamily units on the Midtown horizon, condo sales in the ever-changing subdistrict are trending upward, according to an analysis by brokerage Engel & Völkers Atlanta.
Our CEO, Christa Huffstickler, spoke with The Atlantan Modern Luxury to discuss the changing definition of luxury. Discerning buyers of homes priced $1 Million and above have come to expect an enhanced luxury, urban lifestyle. Read all about it on p.129.
Details are emerging about a $400 million mixed-use project in Midtown, which will include a hotel and a condo tower that would target buyers in the underserved “move-up” market.
Atlantic homeowner’s Larry & Julio Transformed their Atlantic home by removing a third bedroom to fully embrace the city scene from the living area in their modern midtown condo. Their home also features a stunning art collection and baby grand piano.
Engel & Völkers, a major factor in my decision has a modern, tech-focused approach to real estate. Most buyers are taking the first step toward home ownership digitally and our website is often our first – and only – chance to make connections with clients and showcase our portfolio. Our platform is sleek, user-friendly and highly visual, and it’s an integral party of our marketing strategy.
We are excited to announce that Above Atlanta REALTORS is merging with Engel & Völkers Atlanta. Together, we boast a technology-focused, next-gen platform to provide the highest level of service for sellers, home buyers and developers. The Atlanta Business Chronicle calls this merger “a new residential powerhouse”
A two-story, 46th floor penthouse in the Atlantic is looking for an owner. An owner who’d like to live steps away from the shops, restaurants and movie theater of Atlantic Station; An owner who wouldn’t hate waking up to views of downtown, Midtown and Buckhead through floor-to-ceiling windows
While homes are in high demand throughout the metropolitan area, some neighborhoods are hotter than others. Christa Huffstickler of Engel & Volkers Atlanta is seeing great demand for homes in West Midtown, South Buckhead and the neighborhoods along the new Westside BeltLine, such as West End.
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.
While Atlanta’s luxury condo market in Buckhead and Midtown continues to be hot, Inman Park, Old Fourth Ward and areas near the completed portions of the Beltline are picking up steam.
For over 15 years, I have specialized in new construction residential real estate. We specialize in developer services, having worked on many of the city’s premier projects and shared our expertise on new project launches, revival of existing marketing campaigns, exit strategy solutions and onsite sales execution.
The Atlantic building at Atlantic Station in Midtown is converting its remaining apartments to luxury condos, with new interiors and hotel-style service.
Christa Huffstickler, now owner of Engel & Volkers Atlanta, the company’s fifth brokerage in metro Atlanta, continues to work with, high-profile projects such as The Atlantic, a 46-story residential tower in Atlantic Station that has converted remaining units to condos from the $400,000s to over $1.4 million.
Engel & Völkers has launched the Extensive Domestic & Global Exposure (EDGE™) platform, a diversified suite of partnerships designed to maximize exposure of its listings worldwide, the company recently announced.
Many first-time homebuyers are feeling discouraged. Despite saving over many years, building strong credit and carefully scouring listings in desired neighborhoods, rising home prices and few newly constructed single-family houses mean the starter home is no longer an option.
Engel & Völkers North America has strengthened its presence in Atlanta, Ga., with the addition of Christa Huffstickler, who will open Engel & Völkers Atlanta, the company’s fifth brokerage in the Greater Atlanta area, the company recently announced.
“We’ve seen new construction high-rise pricing coming in as much as $100 per square foot over original expectations,” said Christa Huffstickler, president and CEO of Engel & Volkers Atlanta.
For the past nine years, a small fishing village in the west of Majorca has been hosting an event of the special kind – the Engel & Völkers Polo Cup – which will be taking place again this year on the lovely historic estate of Christian Völkers.
This new partnership will give nearly 5,000 Engel & Völkers listings in the US and Canada added exposure and visibility behind China’s Great Firewall.