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Pricey Buckhead Area Dirt Up for Sale

ATLANTA-Chicago-based American Invsco has put 2.3 acres of prime Atlanta real estate on the block after deciding the city's luxury condominium market is saturated.

By Mark Clothier | Updated on December 05, 2001

ATLANTA-Condominium developer American Invsco is selling a prime 2.3-acre tract of undeveloped land north of Buckhead, a major commercial center for Atlanta.

Chicago-based Invsco had intended to build an 83-unit condominium on the site, but changed its mind over concerns that Atlanta’s condominium market is saturated, according to published reports.

The property is expected to be worth about $10 million or $4.35 million per acre ($99.81 per sf), according to the report. GlobeSt.com couldn’t reach American Invsco officials at publication deadline for additional details.

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