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Thousands of apartments have sprouted up across Atlanta since the recession. The city’s supply of condos, meanwhile, slowed to a relative trickle, tamped down by lender apprehension, millennial preferences to rent, and other factors. But it seems that’s slowly beginning to change.
In Midtown, No.2 Opus Place will be Atlanta’s tallest residential tower and the highest structure built in the city since 1992. About 20 percent of its 189 condos have “sold”—under contract, that is, with earnest money down.
Nothing beats the patina of an authentic loft. John Cugasi’s condo in Fulton Cotton Mill Lofts (built in 1881) has 19-foot ceilings; 10-foot windows; and brick that has weathered a brush with the 2008 tornado, a dramatic fire in 1999, and decades of textile manufacturing. Kohl Sudnikovich, a design consultant with Cantoni, created a kitchen redo that marries modern furnishings with historical bones.
When John Portman was a student at Georgia Tech, the now-nonagenarian was assigned the job of escorting Frank Lloyd Wright around Atlanta. According to John’s son Jarel, Wright told the aspiring architect, “You seem to be a seeker. Go seek Emerson.”
Luxury condos above hotels are selling fast in Atlanta. Few come with entire private floors. Here’s a sneak peek at a $4.2 million condo above Buckhead's Mandarin Oriental.