Times are tough with the current housing market across America.
Tribute sold 26 units in an unusual one-hour auction Sunday at the Omni Hotel at CNN Center. The developers, Greg and Brian Wohl, decided to go the auction route because the condo market is so sluggish.
In a year’s time, Tribute, which recently won a new-construction award from Atlanta’s Urban Design Commission, has sold less than half its 147 units. Many of the condos put up for auction had been under contract, but the deals fell through.
The owners of Studioplex, a live-work loft community carved out of a century-old cotton warehouse in Atlanta’s Old Fourth Ward neighborhood, is adding more than 9,000 square feet of retail space.
The retail building, to be called the Pavilion at Studioplex, is being created out of a separate building out front, on Auburn Avenue near Irwin Street. Renovation of the structure, which will feature dramatic glass curtain walls on three sides, is expected to be complete this fall.
Historic 1929 small-scale Art Deco Building with 32 authentic lofts ranging from 500 - 2000 sq. ft. The lofts offer exposed brick, industrial windows, roof top deck. Priced from Mid 100’s to high 300’s
