CoStar reported the apartments sold for 10Million or $75,200 Per Unit (133 units total). Our research confirmed both the sale price and found a legal description confirming the reported 13.8 acres, bringing the sales price per acre to $724,638. Click here to read the Article
The Business Chronicle Also reported the story Click Here
Just when news stories covering the doom and gloom of the real estate bubble seem to be at a fever pitch you find transactions continuing to defy the logic of the Wall Street Journal and Ny Times. Anyone remember this story from this time last year in the Atlanta Business Chronicle “Lenders pull back on condominium financing“? Surely after a full year this Condo Conversion market would be six feet under by now ??…..
Well not according to Regions Bank who provided Silvertree Apartments Inc., Managed by Act Investments of Chamblee with a three year $12.47 Million dollar Construction loan. (Deed Book 43143 Page 349)
On ACT’s Website they list the Avalon Townhomes as “a total of 133 townhome units contained in sixteen two-story buildings. The property is located in Sandy Springs, Georgia consisting of 118 two bedroom unit and 15 three bedroom. The townhomes range in size from 1,100 to 1,600 square ft.” By the way, thier website http://www.avalonofsandysprings.com/ looks great!!! (it apears my website designer Drew Barton over at Southern Web Group has scooped me again on this story since the website is already completed) From now on I am just going to call Drew when I am looking for the latest gossip since he and his team seem to be producing every real estate website in town!
To all you developers and RE guys out there… These appartment ratings websites are becoming an increasingly usefull tool in rating the health of apartments. Check out the dirt these residents are dishing out on Silvertree from one of the major sites found from a simple Google search. (click here)
DevelopingAtlanta.com has a full library of documents used in researching the properties listed on our website. Please contact us if you have any trouble finding information about zoning, permitting, current timelines, or any entitlements for your development projects. DevelopingAtlanta.com understands the sensitive nature and privacy needed in our industry and every precaution will be taken to ensure your privacy. We will also sign Non-Disclosure and Non-Compete agreements for your project research as well.
City of Sandy Springs
COMPLETE SET OF SANDY SPRINGS PERMITS, CONVERTED INTO TYPEABLE PDF’SA little present from us to you!!
All forms can be turned into City of Sandy Springs -115 Perimeter Center Place NE- Suite 765- Atlanta, GA 30346 Phone 770-730-5600 Fax 770-393-0244 Sandy Springs Rezoning Application
Harry Norman Realtors
5920 Roswell Road
Suite B-120
Atlanta, GA 30328
Old Canton Pines is a new 17 lot luxury home subdivision located right outside the perimeter. Old Canton Pines has brought together a talented team of builders waiting to bring you new home dreams to life.
Please contact Marcia Weinhoff to schedule your visit today!
(I went to this event last year and had a great time… If you are looking to check out the latest and greatest Real Estate web technology look no farther than these Inman News Conferences- Giles Stevens)
ULI Atlanta - 3rd Annual Urban Marketplace
Tuesday, October 24, 2006
- Location -
Georgia World Congress Center
Georgia Ballroom, Building C on Northside Drive
Atlanta, GA
THE LATEST ON THE BELTLINE, THE BRAIN TRAIN AND THE ATLANTA
STREETCAR PROJECT
The Biltmore
Tuesday, September 26, 2006
7:30 a.m.- 9:30 a.m.
Transportation and mobility issues are among the greatest challenges to continued growth throughout the metro Atlanta region. With all the divergent discussions concerning different transit initiatives in metro Atlanta, ULI Atlanta is bringing together leaders from the Beltline, (more…)
