Search
 

Realty Development's Lofts Near Sellout

ATLANTA-The subsidiary of locally based Lane Cos. has sold 47 out of the 60 condominium units at Freedom Lofts for a total $10.34 million or an average $220,000 per unit. The lofts are in the renovated National Linen Service Warehouse across from the Carter Center in the Ponce-Highlands neighborhood.

By Alex Finkelstein | Updated on August 01, 2001

ATLANTA-Realty Development Corp. has hit the shelter sales jackpot with Freedom Lofts, a 60-unit condominium venture developed for $11 million in a renovated warehouse minutes from Downtown, Midtown and the Historic District.

Realty has sold 47 units totaling $10.34 million or an average $220,000 per unit. Realty president Marc Pollack expects to sell out the product in 30 days.

Closings are scheduled for September on the 800-sf to 1,700-sf units. The price range is $180,000 to $350,000. “The interiors, the decks, the views and the location are all strong selling points,” Pollack says in a prepared statement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.