During the bleakest days of the recession, condo development in Atlanta slowed to a crawl, and the creation of new high-end, high-rise condos ceased altogether as the market moved toward apartments. The units on the 11 floors atop the Loews Atlanta Hotel followed that trend with developer Daniel Corp. building 52 furnished apartments as part of its 12th & Midtown project in 2010. The centrally located rentals near Piedmont Park fetched between $2,500 and $7,000 per month.
Today, the economy is recovering and resale prices for condos are on the rise, so TriBridge Residential (which purchased the apartments from Daniel Corp.) decided the time was right to convert the rental units to upscale condos, now named 1065 Midtown. The transition kicked off in April, as leases began to expire and continues with two new three-bedrooms hitting the market this week.
Starting at $990,000, the one-, two-, and three-bedroom luxury homes range from 1,182 to 2,819 square feet with 12-foot ceilings, hand-scraped Brazilian oak flooring, and private elevators and entrances. The newly listed three-bedrooms are some of the larger units at 2,288 square feet for $1,275,000 and 2,819 square feet for $1,665,000.
The developer flew to Italy to select the granite and marble used in the bathrooms and kitchens, which also feature Thermador appliances and SubZero wine refrigerators. The floor-to-ceiling windows are equipped with automatic shades in case the views of Midtown’s and Downtown’s glimmering skylines get a bit too bright. Residents in many of the homes can also appreciate views of Piedmont Park from their private glass-walled balconies. They can enjoy a heated rooftop pool exclusively for residents, a media room, a private lounge, and a curated art collection.
And while all of that sounds lovely, the real differentiator between 1065 Midtown and many other upmarket condos is the hotel. Residents of these high-rise condos have access to all of the amenities available to hotel guests: housekeeping, room service, on-premise car rental, a 24-hour business center, and a private chef. The concierge provides a wide array of services including dog walking, car detailing, dry cleaning, appointment scheduling, and priority event ticket purchasing. If they tire of hanging out in their swanky digs, residents can head downstairs to the Exhale Spa or Saltwood Charcuterie & Bar or hit the streets of Midtown for countless shopping, dining, and entertainment options. (The condos have a Walk Score of 92 — a “walker’s paradise.”)
For more information on these new properties, contact agent Christa Huffstickler of Atlanta Fine Homes, Sotheby’s International Realty, at 404-874-0300 or email email@example.com