Friday, February 27, 2009

Piedmont Park Expansion/Dog Park Relocation

The Piedmont Park expansion efforts are fully underway. Over the last 15 years, the Park focused much of their efforts on revitalizing historic areas of the park, such as Lake Clara Meer, the 10th Street Meadow and Oak Hill. With that work successfully completed, the Piedmont Park Conservancy focused their efforts on a huge grassroots campaign to raise private funds for the expansion. After over 20 years of fundraising, the Conservancy began an expansion of 53 acres...increasing the park space by 40 percent!

The land area exists north of the Park Drive Bridge and extends all the way to Ansley Mall.

This map details the location of the the expansion areas.

This is such a phenomenal addition to the City of Atlanta, as well as to the homeowners of Atlanta. There are many condos, houses and townhomes located adjacent to the park, as well as many condos and homes for sale in Atlanta that are located a short distance away. With the addition of the Park amenties, these homeowners have full access to everything the neighborhood has to offer, all within walking distance!

This will prove to be extremely advantageous, especially to dog owners, who spend so much time walking and playing with their pets at Piedmont Park.


The plans also includes a complete overhaul of the dog park. The existing dog park will close March 16, 2008 and will re-open in a temporary location on March 20th. The dog park is such a beloved place for so many pet owners because while City of Atlanta ordinances require all dogs in public places to be leashed, Piedmont Dog Park is one of the few places dogs can run free!

The renovated Dog Park will re-open in 2010. There will be an enhanced Dog Park that will a part of the 53 acre expansion.

Monday, February 23, 2009

Element condos Auction February 28, 2009


Element, the condo community located in Atlantic Station will be auctioning 40 homes on Saturday, February 28th.
The developer, the Lane Co., still owns roughly 35% of the project and would like to unload many of them at a fraction of the list prices. The auction, held by Accelerated Marketing Partners, is expected to draw an enormous crowd of potential buyers looking for the silver lining of the of the dreary real estate cloud.

Sunday, February 22, 2009

1010 Midtown Amenities Wow Visitors

1010 MIDTOWN, Phase One of Atlanta's 12th & MIDTOWN officially opened it's doors in November.


The building itself has acheived astonishing success, undoubtetly because of the extravagant upscale interior design.

The full service 24 hour concierge greets you at the main entrance located off of Peachtree Street. Showcasing soaring ceilings and a sleek, sexy design, the lobby (pictured) conveys a very trendy, yet elegant feel.



The building features resort style amenities, including a Club Suite, located on the fourth floor amenity level. It hosts 14' ceilings, a spacious, oversized patio, theatre area, caterer's kitchen, bar, and a plethera of seating that spills out into the receiving area.

The Fitness Club, also located on the fourth floor adjacent to the Club Suite, comes equipped with free weights, an array of Life Fitness machines, and elliptical, bicycles, and treadmills, all equiped with Cardio Theatres.


The "Park in the Sky," located on the eighth floor amenity level, boasts lush gardens, vibrant flowers, and a spectacular view of the Midtown skyline.

The pool is located adjacent to the gardens and from that area you capture breathtaking views. There are spacious seating areas perfect for lounging, socializing, or just watching the sun set.


It's no wonder 1010 Midtown everyone is talking about this place...

Wednesday, February 18, 2009

President Obama signs $780 Billion Stimulus Bill

Included in the bill are provisions to aid in the initial recovery of the housing market including Homebuyer Tax Credit, FHA, Fannie Mae, and Freddie Mac Loan Limits, Neighborhood Stabilization, and more. We should see additional measures taken to assist in the real estate recovery process, as Congress and the President have disclosed that a finance and housing package will be the next “big” initiative. Read More...

Tuesday, February 17, 2009

Midtown Mile Atlanta, Georgia

Atlanta's "Midtown Mile" is a retail vision similar to Chicago’s Magnificent Mile and New York’s Madison Avenue. It will merge new and existing retail into an authentic and cosmopolitan shopping district, featuring local boutiques, as well as national brands.

The retail will total 1 Million Square Feet, spanning 14 blocks along Atlanta's famed Peachtree Street. The Midtown Mile area already features hotels, office towers, and some of the city's premier residential condo towers including 1010 Midtown, Spire, Viewpoint, Metropolis, Peachtree Lofts, 805 Peachtree, Cornerstone Village Lofts, The Reynolds, Hanover House, and more.


Atlanta based Bleakly Advisory Group did a study for the Midtown Alliance, the group facilitating the revitaization, and concluded this development project could potentially generate approximately $477 million in additional annual retail sales for the city of Atlanta. Having a pedestrican friendly shopping district would be an enticing attraction for tourists to the city. The Midtown neighborhoods also offer amenities including Piedmont Park, The Woodruff Arts Center, High Museum, Atlanta Symphony, Fox Theatre, Botanical Gardens, and more.


Daniel Corporation and Selig Enterprise's 12th & Midtown sits positioned as the cornerstone of the Midtown Mile, contributing over 500,000 square feet of retail in its first 4 phases. The Phase One Condos, 1010 Midtown, were completed in November 2008.


Monday, February 16, 2009

Streets of Buckhead- Opening scheduled for Spring of 2010

The Streets of Buckhead is a $1.5 billion [mixed-use development located in the Buckhead neighborhood of Atlanta by Ben Carter Properties, LLC. Approximately 600,000 square feet of restaurant and retail space is slated to fill the development consisting of over 80 boutiques and 14 of the world's finest restaurants, including Japonais, La Goulue, Le Colonial, and The Capital Grille.

Class-A office towers, two 5-star, world class hotels, and several hundred high rise residential units are slated, as well as "Art on the Streets," a program which will display works of contemporary artwork throughout the community. It aims to be the most exclusive shopping mall in the Southern United States. Many of the tenants are new to the Atlanta market, as well as the state. These stores include Hermes, Equinox, Dolce & Gabbana, Brioni, and Bottega Veneta, among others.

The project also seeks LEED certification (Leadership in Energy and Environmental Design), an eco-focused green certification designated by the US Green Building Council.
Originally scheduled to open November 2009, the Streets of Buckhead is scheduled for an opening of March 2010.

Update on the stimulus package/tax credit

The amendment by Senator Johnny Isakson, R-Ga., giving a $15,000 tax credit to anyone who buys a home in the next year was originally passed unanimously by the US Senate. However, after negotiations between the House and Senate, each combined their own bills into one piece of legislation for President Obama to sign, and that tax credit has now been reduced to $8,000.

Some of the restrictions and guidelines of the previous $7,500 tax credit have been lifted. The repayment requirement of the previous tax credit has been lifted.

This information has the potential to change, as the bill is open to negotiation until President Obama signs it. Specific details of the $8,000 tax credit will be released soon.

Friday, February 6, 2009

$15,000 tax credit- US Senate unanimously approves stimulus bill

Great News from the US Senate! The amendment by Senator Johnny Isakson, R-Ga., gives a $15,000 tax credit to anyone who buys a home in the next year. The bill was passed unanimously.

The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less, and the purchase must be made within one year of the legislation’s enactment. The tax credit would not have to be repaid. This tax credit would replace the previous $7,500 tax credit, and remove all of the stipulations that inhibited the benefits for those not qualifying, including salary income caps and first time home buyer status. Read more from the Atlanta Business Chronicle...

This bill is a huge incentive for anyone looking to purchase a new house, condo, loft or townhome in Atlanta, or any other city in the United States. If you were waiting for a reason to purchase, this may be it.

For more information, go directly to the website of Senator Isakson.