Sovereign has many successes in leasing commercial space

Regent Partners shared its excitement over Sovereign’s super-successful leasing achievements with the Rooster the other day. Regent has leased close to 90-percent of its commercial real estate space at its luxury high-rise in Buckhead, and the success comes at a time when Buckhead faces historically high class A office vacancy rates.

With more than 500,000 square feet and 50 stories, the mixed-used tower on Peachtree Road in Atlanta’s Buckhead district recently welcomed tenants Asset Preservation Advisors, Crescent Wealth Management and the Law Firm of Weinberg, Wheeler, Hudgins, Gunn, & Dial. Together, these tenants represent more than 80,000 square feet of new occupancy. This follows the very successful November opening of Bistro Niko, Buckhead Life Groups’ newest restaurant, located on Peachtree Road in the building’s retail area.

“We are extremely pleased that we are continuing to experience such strong success on both our commercial and residential sides,” said Regent Partners Principal, David Tennery. “When you look at the current realities of the overall Atlanta real estate market, we are truly blessed to be in the position we are in. We worked hard and took considerable risks in order to deliver a project that could make a long-term difference in the community and it would appear that the strategy, combined with significant determination have indeed been well received by the market.”

Sovereign is located at 3344 Peachtree Road in Atlanta’s prestigious Buckhead area. Homes are offered from $1 million and begin on the building’s 26th story affording penthouse-like views from all residences, and a sky terrace with private residential amenities. The exclusive condominium homes range in size from more than 1,700 square feet to more than 10,000 square feet. Several decorated models are open daily for showings.

For more information about Sovereign, please Atlanta Fine Homes Sotheby’s International Realty sales associates Burma Weller or Kevin McBride in the onsite sales center at 404-266-3344 or visit sovereignbuckhead.com.

2009 Highlights – Atlanta Fine Homes Sotheby’s International Realty

Descante, 3650 Tuxedo Road ~ Most expensive home ever sold in Atlanta

As we begin to look back on an “interesting” year in Atlanta’s real estate history, a few significant events surface regarding the role of Atlanta Fine Homes Sotheby’s International Realty in the residential real estate market in Atlanta in 2009 (as of December 15, 2009).

• We participated in 60% of the ten highest priced residential closed sales in metro Atlanta
• Our market share of listings has grown by over 60%
• Our closed sales are up YTD by 16%, while the market as a whole is down over 20%
• Opened an office in the North Atlanta area
• Recruited 60 agents
• Sold the most expensive single family home ever sold in Atlanta, listed at $16.9 million
• Sold the most expensive condominium in Atlanta’s recent history, listed at $9.5 million
• Sold the most expensive lot in 2009 listed at $2.9 million
• Sold the most expensive new construction single family home in 2009 listed at $4.75 million (at 100% of list price)

Congratulations to our unmatched team of REALTORS® at Atlanta Fine Homes Sotheby’s International Realty, and to our SkyRise Group, who manages luxury high rise condominiums.  We also thank the co-op agent community for bringing these important deals together.

Mansion on Peachtree featured in Charlatan Magazine

Recently featured in Charlatan Magazine, The Mansion on Peachtree is one of the Grand Hotels in Atlanta and around the world.

 

With 127 hotel rooms and 45 residential units, the 42-story property offers guests and residents the highest quality of amenities, including 29 Spa created by Lydia Mondavi and Tom Colicchio’s Craft Atlanta. NEO, a full-service restaurant, overlooks the beautifully landscaped English Gardens.

Atlanta Fine Homes Sotheby’s International Realty manages the residential sales at The Mansion on Peachtree. Please call our on-site sales associates Paul Donahue or Suzanne Dils at 404.816.4800, for a tour of our finished model on the 42nd floor.

For more information, please call 404.995.7500 or visit mansiononpeachtree.com.

The Mansion on Peachtree featured in Charlatan Magazine

World-class amenities at The Aberdeen in Vinings

ATLANTA, GA, November 2009 – From the skyline views, to its exclusive clubroom, The Aberdeen luxury condominiums in Vinings provides its residents and their guests with an abundance of world-class amenities.

The saline sun-shelf lap pool, and a separate whirlpool have breathtaking views of the Atlanta skyline.

Unmatched amenities include a fitness center, a saline sun-shelf lap pool, and a separate whirlpool. The Aberdeen has several unique luxuries for residents. The clubroom houses a full wine cellar with dedicated lockers for each resident. An indoor golf simulator provides the avid golf enthusiast with a quick and convenient trip to the driving range with out leaving home. The most unique of all at The Aberdeen amenities appeals to the golfing type as well.

Kell Martin, Chairman, First Fidelity Mortgage Corporation and Taz Anderson, Chairman and Founder of Taz Anderson Realty Co. take a moment to tee up on the putting green at The Aberdeen.

Just off the clubroom lies a full putting green. Designed after the 18th hole at Augusta National, this putting green gives golf enthusiasts a unique experience right at home.  Architect Todd Stadler helped plan the putting green in order to provide an accurate representation of the uniqueness and challenge that the Master’s golf tournament embodies. Residents are just a few steps away from experiencing a small piece of the world’s most prestigious golf course.

Homes at the Aberdeen start in the $800s to over $2 million, each with a skyline view of Atlanta.    For more information about The Aberdeen, visit AberdeenAtl.com or call 770.435.6428.  Please visit the on site sales center with Atlanta Fine Homes Sotheby’s International Realty agents Marcia White and Cindy Allen .
 
The Aberdeen is a Taz Anderson Realty Company development. Taz Anderson Realty Company is a family-run, privately held real estate firm with more than 30 years of experience in mixed-use, residential, and commercial office building development.

Taking residence in The Aberdeen in November 2009

The Aberdeen in Vinings

ATLANTA, GA, NOVEMBER 2009 – Our first buyers will take residence in November in The Aberdeen luxury condominiums in Vinings.
 
Each home at The Aberdeen is positioned to provide an unobstructed view of the beautiful downtown Atlanta and Buckhead skylines. The building emerges from a lush greenery of trees providing an escape from the hustle and noise of Atlanta traffic.
 
The Aberdeen models are a sophisticated cross between traditional planning and a touch of contemporary design. The floor plans featured as models are the Stirling and Inverness, which can be viewed at AberdeenAtl.com. The artwork featured in the models is featured from local and nationally renowned galleries including Susi Pryer, Anne Irwin, Gallery Tew, and the Lagerquist Gallery. 

Master Bedroom at The Aberdeen

C. Weaks Interiors, Inc. of Atlanta has provided the interior designs for both models. Weaks is renowned for her Buckhead creations. Each of the models has easy access to the resident fitness center, clubroom, a luxurious swimming pool, a putting green, and pavilion. Above all, each model offers incredible skyline views of the city.
 
The clubroom of The Aberdeen boasts 12′ coffered ceilings, rich wood paneling, and oversized seating, making it an ideal place to meet with friends. Decorated with warm color tones, the clubroom provides a relaxed feeling for all residents and guests. The community wine cellar provides a private storage locker for residents. A catering kitchen with Viking Professional Series appliances provides hosting options for parties. The clubroom features a replica Scottish club perfect for gatherings.
 
For more information about The Aberdeen, visit AberdeenAtl.com or call 770.435.6428.  Please visit the on site sales center with Atlanta Fine Homes Sotheby’s International Realty agents Marcia White and Cindy Allen .
 
The Aberdeen is a Taz Anderson Realty Company development. Taz Anderson Realty Company is a family-run, privately held real estate firm with more than 30 years of experience in mixed-use, residential, and commercial office building development.

Sovereign opens its newest addition…Bistro Niko

 

From left, Greg and Suzy Greenfield, Stacy Goldworn and Todd Murphy

Bistro Niko, Buckhead Life Restaurant Group’s newest addition to the Buckhead dining scene opened its doors to their French-style bistro to Sovereign homeowners, potential homebuyers and other special guests on October 27th for an exclusive sneak peak. The restaurant will officially open their doors to the public for dinner on Nov. 5, with lunch service beginning on Nov. 12.

In addition to creating the perfect ambiance, the restaurant prepared unique offerings for guests who were able to enjoy enticing hors d’oeuvres which included savory croquet monsieurs, ravioli de lapin and hachis parmentier de veau while chatting with friends and neighbors.

Located in stunning Sovereign building in fashionable Buckhead, the elegant and charming Bistro Niko is now one of three eateries in Sovereign. As guests enter Bistro Niko, they will find themselves able to see all the activity happening in the pristine and beautiful kitchen. In the main restaurant area, the long curved bar will most certainly draw guests past the intimate booths for two and the perfectly positioned tables to the back of the restaurant, where they will be able to look out of the floor to ceiling windows onto Peachtree Road.

Menu offerings include:

TRUITE MI FUME AMANDINE sautéed short smoked mtn. trout, toasted almonds, citrus olive oil emulsion, haricot vert, horseradish celeriac slaw

COQ AU VIN ROUGE braised ashley farm’s chicken in red wine, bacon, mushrooms, potato puree

QUICHE AUX POIREAUX ham & leek quiche, petite salad vinaigrette

CREVETTES EN PATE DE BRIQUE bayou la batre white shrimp crisped in thin pastry, artichokes, fingerling potatoes, parisien mushrooms, lemon aioli

BOEUF BOURGUIGNON “kobe beef” cheeks braised in burgundy wine, macaroni, baby carrots For more information about Bistro Niko including hours, visit www.opentable.com.

Favorable taxes at The Aberdeen in Vinings

For many homeowners the arrival of their annual property tax bill causes much consternation and gnashing of teeth. This year has been especially frustrating for many Fulton County/City of Atlanta residents as tax bills have been delayed due to a series of miscalculations arising from changes in a 2004 state tax law. The recalculation of the tax bills will result in some residents facing additional tax payments.

Vinings, located in Cobb County, adjacent to the Atlanta city limits, has great schools, neighborhoods and a well maintained infrastructure, and has always had the bragging rights for great tax savings. As homeowners focus on tightening of their financial belts during these difficult economic times, it is worth noting the tax benefit of home ownership in Vinings versus City of Atlanta.

	Fulton County/City of Atlanta	Cobb County/Vinings
Home Value	$1,000,000.00	$1,000,000.00
Tax rate/Millage*	44	11*
Tax	$17,600.00	$4,000.00

Annual savings:  $13,200.00

* Millage for residents 62 years old and older

Aerial View of The Aberdeen in Vinings

Vinings, a quaint community with the convenience of in town accessibility, charming shopping and restaurants has just become even more desirable with the opening of the prestigious Aberdeen residences. The Aberdeen is a luxurious enclave with only 55 distinctive homes, resort style amenities and unparalleled downtown views. Luxury living simplified!

Kitchen in The Aberdeen in Vinings

Spacious two, three and four bedrooms homes start in the $800’s to $3 million, and closings are beginning in October 2009.

To learn more about The Aberdeen please contact Atlanta Fine Homes Sotheby’s International Realty onsite Sales Associates Marcia White or Cindy Allen at 770.435.6428, or visit the website at aberdeenatl.com.

Sovereign hosts Neiman Marcus Fall Fashion

 

Sovereign Sales Associates Burma Weller and Kevin McBride are surrounded by Sovereign homeowners, Allen and Kay Salikof

In October, Sovereign hosted Neiman Marcus’ fall fashion.  The evening event of glamour was enjoyed on the amenity levels of the residential section of the building on the 28th and 29th floors. 

 

Neiman Marcus Models at Sovereign

Informal modeling and “light bites” were enjoyed by guests of Neiman Marcus and by the residents of Sovereign.   Cockails were provided by White Birch Vodka.  

Sovereign is located at 3344 Peachtree Road in Atlanta’s prestigious Buckhead area. Homes are offered from $1 million and begin on the building’s 26th story affording penthouse-like views from all residences, and a sky terrace with private residential amenities. The exclusive condominium homes range in size from more than 1,700 square feet to more than 10,000 square feet. Several decorated models are open daily for showings.

For more information about Sovereign, please Atlanta Fine Homes Sotheby’s International Realty sales associates Burma Weller or Kevin McBride in the onsite sales center at 404-266-3344 or visit sovereignbuckhead.com.

3344 Peachtree high-rise, Sovereign, snags top ULI award

Sovereign

With luxury condominiums and top-notch office space, the 50-story high-rise at 3344 Peachtree Road has become a landmark in Buckhead since it opened in May of last year.

The 3344 Peachtree/Sovereign project includes 470,000 square feet of class A office space, 21,000 square feet of retail space, and 82 residential condominiums — ranging in price from $1 million to $7 million.

The mixed-use development, with its curved features, is “iconic architecture and brings a new level of sophistication to the city,” said David Allman, Regent Partners LLC chairman and managing member and president of 3344 Peachtree LLC.

Developed by 3344 Peachtree LLC, the project is this year’s recipient of the Urban Land Institute Atlanta District Council’s Project of the Year.

For more information about Sovereign, please call 404-266-3344 or visit www.sovereignbuckhead.com

Please click here for the Atlanta Business Chronicle article on Sovereign being named the top ULI Award for 2009.

Sovereign offers the best Atlanta panoramic skyline views of the North Georgia mountains, Perimeter, Sandy Springs, Kennesaw Mountain, Vinings, Downtown and Stone Mountain.

Visit our decorated models and on-site sales center at Sovereign at 3344 Peachtree Street in Buckhead. Call Atlanta Fine Homes Sotheby’s International Realty sales associates Kevin McBride or Burma Weller for a tour at 404.266.3344 or visit our web site www.sovereignbuckhead.com to learn more.

Luxury developers cut penthouse prices

By Michelle Shaw, Atlanta Journal Constitution

Below are excerpts from the story online. Please click here for the entire story on the AJC about penthouse prices in Atlanta. 

Sovereign

A few developers are sticking to their original pricing. Regent Partners, for instance, is developer of Sovereign in Buckhead, an 82-unit building where prices start at $1 million. The homes are built atop commercial space that is bringing in enough money that Regent doesn’t feel pressure to discount the condos, said company spokeswoman Kristi Torgler.

Aerial View of The Aberdeen in Vinings

Geoff Anderson, developer of The Aberdeen in Vinings, isn’t changing his plan either, but for different reasons. Built for the 55 and older crowd, the Cobb County high-rise is designed for those who will spend more time in the home than not. Each unit offers unfettered views of the Atlanta skyline.

“The reason our pricing hasn’t changed is because our value proposition hasn’t changed,” said Anderson, president of Taz Anderson Realty Co. “We’re offering people something they can’t get anywhere else: We’re a luxury property that’s not in Buckhead, that’s not in Fulton County, and where seniors get a significant break on property tax once they turn 62. There’s nothing else out there like us.”

Realtors who market these homes see a rosier picture than many in the industry.

Mike Bugg, Sr VP SkyRise Group

Mike Bugg, senior vice president of SkyRise Group, a division of Atlanta Fine Homes Sotheby’s International Realty, said he thinks international travelers and those who are looking for a second home in the city will purchase homes of this type.

“The interest is picking up,” Bugg said. “And that is the first step.”