Search
 

10 Terminus Place Defies Condo Market Meltdown

ATLANTA-Jason Frost, vice president of development at Cousins Properties, tells GlobeSt.com that having a debt-free building allowed the company to move fast to adjust pricing in a down market.

By Jennifer LeClaire | Updated on October 26, 2010

ATLANTA-In an ailing condo market, Cousins Properties is showing strong momentum with the sale of 110 units at 10 Terminus Place from September 2009 to September 2010. That leaves eight units in the 32-story luxury condo in Buckhead.

SmartNumbers ranks 10 Terminus Place first among new condo sales by volume. In 2010, sales volume at the condo totals more than $16.9 million, an average of $414,029 per unit. Closed contracts in 2010 have ranged from $180,000 to $1.26 million. Cousins Properties believes the mix of unit types and prices has been a key factor in its ability to capture buyers in a challenging market.

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.