APRIL 20, 2006
Real Estate Briefs
Real Estate Briefs
Two Fulton Cotton Mill Lofts buildings going condo
A section of the Fulton Cotton Mill Lofts - claimed to be Atlanta's only true New York-style lofts - are being converted by Aderhold Properties, Inc. and Jennings Partners, Inc. from rentals to for-sale homes, creating The Stacks at Fulton Cotton Mill. Two of the property's eight buildings are being converted, with 165 lofts in buildings F and H available for purchase.
Located in Cabbagetown near downtown Atlanta, "The Stacks at Fulton Cotton Mill create an opportunity for those passionate about this property and this unique area of town to buy here, while enjoying property tax breaks," said Tom Aderhold, president of Aderhold Properties, Inc.
Priced from the mid $100s, The Lofts include features from the original character of the buildings, such as exposed brickwork and timber, concrete floors, oversized windows and skyline views, as well as today's conveniences such as Wi-Fi hotspots, a fitness center, controlled-access entry, gated parking and a swimming pool with a sundeck.
Aderhold Properties, Inc. began redeveloping the Fulton Bag & Cotton Mills (which date back to 1881) as rental apartments in 1996 and the rental community has won several awards for adaptive use, including the ADA Development of the Year Award from the Atlanta Development Authority, Honor Award for Engineering Excellence from the Consulting Engineers Council of Georgia, Preservation Award for Excellence in Rehabilitation from The Georgia Trust and HUD Practice Award from the U.S. Department of Housing and Urban Development.
Sales and marketing for The Stacks at Fulton Cotton Mill is handled by Coldwell Banker The Condo Store. For more information call (404) 588-2728 or visit www.stackslofts.com.
Regent Partners begins 3344 Peachtree Road work
Atlanta-based Regent Partners, LLC, last week announced that the groundbreaking has occurred and construction is underway on 3344 Peachtree Road, its 48-story, mixed-use vertical development in Buckhead.
Designed by Smallwood, Reynolds, Stewart, Stewart and Associates, the modern tower breaks from the traditional style of square or rectangular building. It is a composition of subtle curved forms that allows the tower to make a signature statement on the skyline. Gil Garrison, AIA, principal with Smallwood, Reynolds, Stewart, Stewart and Associates, describes the building as: "Unique for a building of its height."
The 3344 Peachtree tower will be the tallest building to be constructed in Atlanta since 1992, rising some 635 feet. It will include 500,000 square feet of class-A office and retail space including a Buckhead Life restaurant on the Lobby Level, and 99 luxury condominium homes priced from $1 million.
The first office tenants will be able to move in by early 2008, with homeowners able to move in mid-2008. Pre-leasing is underway.
The 99 exclusive condominium homes will have their own Lobby and Concierge Club Service on the 28th level. Its condominium homes will also offer a private skyline pool with a spa, and an open air terrace complete with an outdoor fireplace, will all offer breathtaking views while swimming, relaxing or entertaining. The condominium homes, will range in size from 1,600 square feet to more than 10,000 square feet, with penthouse homes available.
The office floors will occupy levels 8 to 26, and provide amenities and services for the evolving needs of business. For more information about sales and leasing, contact: David Tennery, principal, office properties and development, Regent Partners at dtennery@regentpartners.com, or call 404.364.1400.
Bell to lead Lane Company's regional development group
John E. Bell is the new Southeast Regional Partner for Lane Investment & Development, LLC, the development subsidiary of multifamily real estate firm Lane Company.
Bell was previously managing director and Atlanta development partner for Trammell Crow Residential, where his local development activities included 1,400 for-sale residential units with an estimated development cost of almost $500 million. He has also been vice president of Atlanta development for AMLI Residential, Inc., and has extensive development management experience in Florida and Tennessee.
Bell earned a Masters degree in Real Estate Development from M.I.T., has an undergraduate degree in economics from Vanderbilt, and has studied at the London School of Economics.
| 
