12th and Midtown developers announce Phase 2 office tenants

12th and Midtown developers Daniel Corporation and Selig Enterprises announce the first two tenants in their Phase Two office tower, 1075 Peachtree. Read the full article in the Atlanta Business Chronicle

Seyfarth Shaw, LLP will be moving its 77 attorneys from John Dewberry’s One Peachtree Pointe to 1075 Peachtree, where it will take 65,000 square feet. The Boston Consulting Group Inc., housed in Bank of America Plaza, will take 35,000 square feet. This brings the building to twenty percent leased, however, the development team anticipates reaching sixty percent by summer 2009.

Phase Two of 12th and Midtown also features the Loews Atlanta Hotel and a conference center, which connects the hotel with the office tower. The project's Phase One, 1010 Midtown condos, has seen considerable success, with over 33% sold. The building opened in November 2008.

Interest Rates at 30 year lows

Low rates mean that now is a great to to start thinking about buying real estate. We are seeing 30 year lows in the lending industry, and although financing guidelines have gotten more restrictive, those that are able to qualify for financing are seeing an opportune time to buy that condo, house or townhouse they have been thinking about.

While real estate and condo sales were sluggish in Atlanta in 2008, it is expected that with the decreases in interest rates, consumers will get off the proverbial fence and make the move to invest while the getting is good.

Allen Plaza- largest contiguous development in America today

Developed by Barry Real Estate Companies Allen Plaza is a $2 Billion dollar project, extending nine contiguous blocks. Barry is joined by two partners- Atlanta based Post Properties, Inc. and Starwood Hotels & Resorts Worldwide, Inc. Post and Barry will co-develop 450 units of condominiums and apartments in a brilliant residential high-rise, while Barry & Starwood will welcome W Atlanta Downtown Hotels & Residences as well as aloft - Starwood's ultra-modern new boutique hotel brand.

Allen Plaza's nine-block grid is the largest contiguous tract of land being developed in any downtown American city today, will also include the tallest tower to be built in downtown in more than 10 years. The project features flagship restaurants including French American Brasserie and BLT Steak.

Bordered by the 21-acre Centennial Olympic Park, Allen Plaza is walking distance to the new Georgia Aquarium, the World of Coke, and many other Atlanta cultural, entertainment, dining and shopping attractions.
Allen Plaza is named in honor of former Atlanta mayor - civil rights leader - the late Ivan Allen, Jr., the man credited with leading the city through an era of historic cultural and economic growth.