Demand Drives Above-List Closings at Midtown Atlanta’s New 40 West 12th Condos
A New York-inspired luxury condo in Midtown Atlanta has begun closing on individual units, with buyer demand pushing prices above asking. For example, a three-bedroom unit closed in October for nearly $12,000 over its list of more than $2.2 million.
The condo, 40 West 12th, is the central residential component of the new $530 million, tri-tower mixed-use development 1105 West Peachtree. In addition to 40 West 12th, the complex includes the Epicurean Hotel Atlanta and a 31-story, 675,000-square-foot Class A office skyscraper anchored by Google.
Engel & Völkers Atlanta is leading the condo’s sales efforts.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.