Although not true industrial lofts, I have always been fond of the 805 building on Peachtree. It is one of those small, boutique buildings that use to be a government building. The lobby is great with a 24-hour Concierge. Great clubroom, pool with cabanas.
Although I have not yet confirmed this, I heard today that there is a special assessment going on in that building. It appears the developer and owner of the building didn't construct the pool area very well and water is leaking into the garage. As a result of this, a lawsuit has been pending against the builder. (That should be interesting since he has a beautiful penthouse unit in the building!) However, in the interim, the homeowners decided to get the problem fixed. They will be having that repaired, as well as the front of the entire building will be repainted.
Word is that the assessments will run $7,000 and more depending upon the size of your unit.
Regardless of it's problems, it is still a great building in a fantastic Midtown location. When the Midtown Mile project finally gets underway, I expect values to go up, up, up!
Although I have not yet confirmed this, I heard today that there is a special assessment going on in that building. It appears the developer and owner of the building didn't construct the pool area very well and water is leaking into the garage. As a result of this, a lawsuit has been pending against the builder. (That should be interesting since he has a beautiful penthouse unit in the building!) However, in the interim, the homeowners decided to get the problem fixed. They will be having that repaired, as well as the front of the entire building will be repainted.
Word is that the assessments will run $7,000 and more depending upon the size of your unit.
Regardless of it's problems, it is still a great building in a fantastic Midtown location. When the Midtown Mile project finally gets underway, I expect values to go up, up, up!
Pat
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