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.
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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
Located within walking distance to CNN, Phillips Arena, Georgia Aquarium and more! Spend a relaxing afternoon at Centennial Olympic Park. Even if you only need a place for the weekends, this is the loft for you. Walk to Georgia Tech and enjoy a great football game. Got season tickets to the Falcons, Thrashers or the Hawks? There’s no need to pay for parking with this loft. Now you can come and have fun during the weekends Downtown. Go to dinner, catch a show, go to a game…they are just outside your door at the Giant Lofts!
Modern Holdings Inc. has started a magazine that bills itself as a “user’s guide” to living in urban Atlanta.
The quarterly magazine is called LoftLife, New York-based private equity firm Modern Holdings said.
“We are launching during a pivotal time-period when Atlanta’s downtown population is rapidly growing,” said Joe Resudek, publisher. “The desire for open space, good design, and a cultural community coupled with the presence of endless traffic, an increasing environmental conscience, as well as the anonymity and seclusion of the suburbs are the main reasons people are opting for a lifestyle of loft living.”
In the first issue, a cover story explores the history and transformation of The Stacks at Fulton Cotton Mill from its inception to its most recent adaptation as a loft building, and includes images from the home of Marae Simone, an Atlanta-based “condo stylist,” who bought a loft in the historic building because of its industrial allure.
