Archive for the ‘Luxury Real Estate’ Category

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High Museum: Salvador Dali Exhibit

August 26, 2010
Leslie Ransom, Buckhead Office, REALTOR ®

Leslie Ransom, Buckhead Office, REALTOR ®

Recently while driving through Midtown Atlanta on Peachtree Street, I noticed a very large banner hanging from The High Museum announcing an upcoming exhibit of Salvador Dali’s late works. As a teenager I attended a wonderful exhibition of Dalí’s jewelry creations in the Birmingham Museum of Art, and was captivated by his eccentric and remarkable art. My husband’s birthday was coming soon and I had been deliberating about something fun and different to give him for his birthday, Dalí and Dinner with friends! Perfect!!

The High is to be the sole venue for the first exhibition to focus on Dalí’s art after 1940. The exhibition, featuring more than 100 works including 40 paintings and a related group of drawings, prints and other Dalí ephemera, explores the artist’s enduring fascination with science, optical effects and illusionism, and his surprising connections to artists of the 1960s and 1970s such as Andy Warhol, Roy Lichtenstein and Willem de Kooning.  Many of Dali’s pieces during this time period were ruminations on his interest in Christianity, and several of the pieces depict events from varying periods in Biblical and Christian history including the crucifixion of Jesus, the assumption of Mary, and the spiritual visions of various saints. However, true to Dali’s eccentric nature and his surrealist roots, even his depictions of these once traditional subjects for the art world are filtered through his surrealist lens and provide a fresh look on the subject. Dali mixed his depictions of Christian themes with ideas and advancements in the realms of science and physics, subjects he was also increasingly fascinated by. As a result, many of the pieces he created during this time period he labeled as “nuclear mysticism” and they are truly as unique as this description suggests. These paintings are magnificent in their scope, beautiful in their compositions, and fantastic to be able to see in person, where one can truly be impressed with the sheer size of some of his canvases and, by extension, the size of his artistic vision.

Salvador Dalí’ (1904-1989) born in Figures, Spain, is one of the most famous and controversial artists of the 20th century. He was prolific for more than 60 years, creating over 1,200 oil paintings, countless drawings, sculptures, jewelry, theatre and fashion designs, book illustrations and numerous writings.

This exhibit is a treat not to be missed. Take a friend and be sure to get the audio tour also. After seeing the Dalí’ exhibit we had a delicious dinner at Parish in Inman Park with our friends and lots of interesting discussion after seeing these very eccentric and thought provoking works!

My friend bought this replica of one of his jewelry pieces and I bought a book about Dalí.

Dalí: The Late Work is currently on display through January 9, 2011. Please visit high.org for ticket prices and additional information.

 

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Spacious living in the heart of Decatur (Mary Jo Spence)

August 20, 2010

2470 Vivian Circle

2470 Vivian Circle

How would you like to live in a house that is immaculate and spacious enough for you to delight in being home, but close enough that you could walk to city centre of Decatur to enjoy the renowned shopping, night life and art galleries?  All this and more is found at 2470 Vivian Circle, nestled in a charming gated community.

Dining Room

Dining Room

Upon entering the French door entry, the home features a foyer that is a greeting space for guests and provides privacy for the main living areas.  The two front rooms of the house, the Dining room and the Living room, are flanked by majestic and bright floor to ceiling arched windows that fill the house with sunlight.  The Dining room, sized to entertain twelve or more guests, features grand windows wainscot to distinguish the room with a formal touch.  The Living room is cheerful and versatile which could lend itself to a wonderful home office or additional media space.

Living Room

Living Room

The Den area has gleaming hardwood floors, cozy stack stone fireplace with gas logs, overhead ceiling fan and a door leading to the outside deck.  The Kitchen features stainless steel appliances and clean contemporary lines and as a bonus, overlooks the family living area so entertaining is made more enjoyable as the host doesn’t have to miss a bit of the conversation when preparing for guests.  Food preparation is made simple with an island featuring a sink and fresh Corian countertops. Just off the kitchen there is a bright separate breakfast area that also leads to a full laundry room. 

Master Bedroom

Master Bedroom

You won’t feel a bit cramped in this home- the wide stairwell has a mid-stairwell landing between the main and upper floor affording space for a conversation nook!  The upstairs Master is a true in-town retreat, larger than most, and features a dramatic trey ceiling and two large walk-in closets- one located in the bath area.  The bath features a double vanity and a separate spa soaking tub.  The secondary bedrooms on the upper level all feature hardwood floors, trey ceilings and full closets. 

On the terrace level, there are two additional bedrooms.  At present, one is being used as an office and the other an exercise room, but both have full closets and share a full hall bath.  These rooms would work well as a roommate floor plan.

The outside deck has a screen for privacy.  From the deck, you can access the yard and the two full separate garage bays.  As a welcomed addition, the driveway can accommodate extra cars-a sought after feature for in-town living!

Offered at $425,000 

Five bedrooms, three full and one half baths.

Click here to view more pictures of this home.

2470 Vivian Circle
Decatur, GA 30030

Mary Jo Spence, North Atlanta Office, REALTOR®

Mary Jo Spence, North Atlanta Office, REALTOR®

Mary Jo Spence
Atlanta Fine Homes Sotheby’s International Realty
Cell:678.232.1641
Office:770.422.7300

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St. Regis will host Celebrity Chef tour

August 18, 2010

Join Celebrity Chefs Kelly Liken, Kenny Gilbert and Chef Host Johnathan Jerusalmy in September for a premiere evening at the St. Regis’ Paces 88 American Bistro. The evening will include a reception, dinner prepared by the chefs and a unique opportunity to interact with the chefs.

In the heart of Atlanta’s prestigious Buckhead community, Eighty-Eighty West Paces Ferry undeniably leads the list of the city’s most exclusive addresses The Residences at The St. Regis Atlanta, located on the top fifteen floors of the building, inspires a luxury lifestyle that is inspired by the magnificent views and extraordinary standards of urban living that simply cannot be found elsewhere.

For information on the Residences at St. Regis please contact:
Ansley Fetz
Marketing Specialist, Atlanta Fine Homes
Tel: 404.580.4950
Email: ansley@atlantafinehomes.com

Ticket info: 720.201.1853 or go online: www.celebritycheftour.com

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Luxury Gated Townhomes – Phase One Closeout Sale

August 16, 2010
Turnberry Gates Luxury Gated Townhomes

Turnberry Gates Luxury Gated Townhomes

Turnbury Gates is a stunning, private, gated enclave of 82 luxurious residences and select homes with golf course views that is currently in the Phase One Closeout Sale with units reduced up to $100,000. Boasting a beautifully landscaped pool, spectacular pavilion, stone fireplace and exclusive open-air entertaining area, Turnbury Gates was developed with an intimate yet captivating site plan in mind. This exclusive location affords easy access to it all; shopping, dining, entertainment and nightlife in Buckhead and Brookhaven; Lenox, Phipps and Perimeter Malls; Emory University and premier medical facilities including Northside Hospital, St. Joseph’s Hospital and Children’s Healthcare of Atlanta.

Outdoor Fireplace

Outdoor Fireplace

Inspiring architecture truly creates a charming feel throughout Turnbury Gates. Beautiful covered porches with standing seam metal roofs pepper the community’s board and batten siding, cedar shingle and brick exteriors for a darling atmosphere.

Kitchen

Kitchen

Each unit’s custom interior imparts the best of the best. Coffered and wainscoting ceilings are featured in the Great Rooms along with cozy stone surround fireplaces. Wide plank hardwood floors gleam throughout the main levels. Designer carpet selections cover both the terrace level and each bedroom. Ten foot ceilings on both the main and upper levels are complete with detailed trim for a rich ambience. The Chef’s kitchen is sweeping with must have items such as granite countertops with under mount sinks, under cabinet lighting, custom cabinetry throughout and stainless appliances.

Master Bedroom

Master Bedroom

Featuring a large walk-in closet, spa inspired master bath with walk-in shower and soaking tub with stone deck and granite or travertine vanity counters, the master suite is a perfectly luxurious retreat. The custom interiors are finished with Delta plumbing fixtures in oil rubbed bronze finish and designer paint colors throughout.

Living Room

Living Room

With two and three bedroom plans now available starting at $269,000, Turnbury Gates is certainly the place to be for all things luxury and charming in Atlanta. These units will not last at the greatly reduced prices.

Debbie Pille and Charles Gerrick

Debbie Pille and Charles Gerrick

Charles Gerrick & Debbie Pille

#1 Agents Companywide 2009, Small Team

Debbie Cell: 404.668.3465
Charles Cell: 404.218.8993
Office: 404.237.5000

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Capote slept here. Does an owner’s fame impact the sale price of a home?

August 12, 2010

by Iyna Bort Caruso

This spring, a Greek Revival townhouse went on the market in Brooklyn Heights, N.Y., for $18 million. It has 11 bedrooms, 11 fireplaces, a wine cellar and a famous former tenant — Truman Capote. The author wrote Breakfast at Tiffany’s while renting a basement apartment there, and the cachet associated with the one-time inhabitant adds sheen to an already illustrious listing.

How prominently does a home with a celebrated provenance figure into market buzz? And, more importantly, how does it impact the property’s value and saleability? 

 

Potentially quite a bit, according to Jan Milligan of Sotheby’s International Realty in Greenwich, Conn. Celebrated figures can increase a property’s value. In one instance, Milligan notes a home in her area sold at a 30% premium because of the owner’s fame. “It was a very prestigious name that made a real statement,” she says. Higher visibility, however, doesn’t always translate into higher values. “Ultimately, a property’s worth is still determined by factors such as location, quality and design.”    

Greenwich is less than an hour from New York City and the territory, which ranges from horse country to waterfront estates, attracts professional athletes, film actors, recording artists, entertainers and network news correspondents. “They like it here because people respect their privacy. They feel comfortable walking around town,” Milligan says.

Understandably, many homeowners of note prefer to keep their identities under the radar when putting their houses on the market, working stealthily through attorneys or other third-party representatives. Yet despite their best efforts, news often finds its way into social columns and real estate blogs.

That was the case involving the one-time home of actress Lee Remick. She died in 1991 and her husband, the British film producer Kip Gowans, eventually put the house up for sale. Jack Largay of Sotheby’s International Realty in Osterville, Mass., represented the property, which closed in June for $4.5 million. Largay says no advertising of the Georgian Colonial home was linked to the actress, but when an article appeared in a local newspaper tying Remick to the home, it made the phone ring.

In the end it was not the Remick connection that sold the home. The individual who purchased it had an emotional attachment to the house that had everything to do with family and little to do with celebrity: the home had once belonged to his grandfather.

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Unbeatable value: Bank-owned Townhomes in Buckhead (Charles Gerrick and Debbie Pille)

August 5, 2010

 Just reduced! You can now own at Brownstones at Honour for 50% the orginal listing price!

 A luxury estate home development of 14 gated townhomes located in a signature Buckhead location

Remaining homes at Brownstones at Honour are now bank owned, offering incredible pricing, reduced $500,000+ from original prices, with the full support of the original builder.

Brownstones at Honour ~ Living Room

Brownstones at Honour ~ Living Room

Beautifully crafted all brick exteriors, built by the award winning team from Brunning & Stang, each home features 3 bedroom and 3 ½ baths in a three level configuration. 

The community has a private HOA and has neighbor participation.  Your dues will cover maintenance of all surrounding grounds and townhome exteriors. Private trash service, termite bonds and all common area taxes are also included. 

Brownstones at Honour Fountain

Brownstones at Honour Fountain

These magnificently appointed homes offer everything you would expect and much, much more.

  • State of the art kitchens with all Viking appliance packages
  • Butler’s pantry with sinks and wine cooler
  • Spacious open floor plans, 3,400-3,900 square feet with 23-26 foot widths
  • Ten foot ceilings on all three levels
  • Coffered ceilings and fireplaces in most living rooms
  • Elevators servicing all floors
  • Master suites with sitting areas
  • Pre-wired for multi-sourced sound system
  • Pre-wired family room for flat screen television
  • Security system with three control panels
  • Spacious porches with both covered and uncovered living space
  • Relaxing landscaped courtyard with cascading water fountain
  • 2 car garages with ample storage and parking

 

Brownstones at Honour ~ Kitchen

Brownstones at Honour ~ Kitchen

For more information on these Buckhead townhomes for sale that are bank owned, please contact sales associates at Atlanta Fine Homes Sotheby’s International Realty:  

Charles Gerrick, REALTOR

Charles Gerrick, Founding Member

Charles Gerrick
404.835.9593
charles@atlantafinehomes.com     

Debbie Pille, Founding Partner

Debbie Pille
404.668.3465
debbiepille@atlantafinehomes.com     

     

     

 
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The Aberdeen hosts Grand Opening Celebration

August 5, 2010

On June 23rd over 150 guests gathered to celebrate the opening of  The Aberdeen.   The father-and-son duo Taz and Geoff Anderson of Taz Anderson Realty Company who are the developers of The Aberdeen,a  14-story  luxury residential high-rise in Vinings along with Atlanta Fine Homes Sotheby’s International Realty, who is the exclusive marketing firm for the Aberdeen hosted the event. 

To celebrate the opening, the Shepherd Center was presented with a special contribution and dedicated proceeds from the event’s silent auction to the center’s programs.  

The Shepherd Center co-founders Alana and Harold Shepherd and their son James, was the inspiration for the nationally acclaimed treatment and research center for spinal cord and related injuries and illness and the Medical Director Dr. Don Leslie were honored guests at the Grand Celebration. 

Linda and James Shephard, a co-founder of Shepherd Center and the inspiration for its establishment, with Jenny Pruitt, CEO and David Boehmig, President of Atlanta Fine Homes Sotheby's International Realty and Shepherd Center Medical Director Dr. Don Leslie

Linda and James Shephard, a co-founder of Shepherd Center and the inspiration for its establishment, with Jenny Pruitt, CEO and David Boehmig, President of Atlanta Fine Homes Sotheby's International Realty and Shepherd Center Medical Director Dr. Don LeslieExecutive Director Scott Sikes, Atlanta Fine Homes Sotheby's International Realty's Beverly Ricker, Senoir VP Nancy See, and President David Boehmig and Anne Schwall look on as the Putt Against the Pro Contest on The Aberdeen's private putting green began.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From Left, Mike Bugg and Ansley Fetz of Atlanta Fine Homes Sotheby's International Realty Skyrise Group, and Shephard Center's Gary Ulicny, President and CEO;Bonnie Hardage, director of major gifts, and Dean Melcher, director of annual gifts

From Left, Mike Bugg and Ansley Fetz of Atlanta Fine Homes Sotheby's International Realty Skyrise Group, and Shephard Center's Gary Ulicny, President and CEO;Bonnie Hardage, director of major gifts, and Dean Melcher, director of annual giftsHonored guests Harold and Alana Shepherd and co-hosts and Aberdeen developer's Geoff and Taz Anderson of Taz Anderson Realty

Shepherd Center Foundation Executive Director Scott Sikes, Atlanta Fine Homes Sotheby's International Realty's Beverly Ricker, Senior VP Nancy See, President David Boehmig and Anne Schwall look on as the Putt against the Pro Contest on The Aberdeen's private putting green began

Shepherd Center Foundation Executive Director Scott Sikes, Atlanta Fine Homes Sotheby's International Realty's Beverly Ricker, Senior VP Nancy See, President David Boehmig and Anne Schwall look on as the Putt against the Pro Contest on The Aberdeen's private putting green began

Honored guests, Harold and Alana Shepherd and co-hosts and Aberdeen devolopers Geoff and Taz Anderson of Taz Anderson Realty.

Honored guests, Harold and Alana Shepherd and co-hosts and Aberdeen devolopers Geoff and Taz Anderson of Taz Anderson Realty.

 

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St. Regis obtains new financing

July 29, 2010
Jenny Pruitt, CEO and Founder

Jenny Pruitt, CEO and Founder

From Atlanta Business Chronicle

 The developers of the St. Regis Atlanta have obtained new financing from blue chip investment bank Morgan Stanley, a rare sign of confidence in Atlanta’s commercial real estate market.

 The deal replaces $176.5 million in financing from Morgan Stanley Mortgage Capital Holdings. The loan was originated in October 2006 to develop the St. Regis Atlanta, the 16th hotel for the historic chain, which was founded by John Jacob Astor in New York City.

The debt that financed the construction of the St. Regis Atlanta would have come due in October, according to Databank Inc., a firm that tracks real estate transactions in Atlanta.

 The development team behind the St. Regis declined to discuss the Morgan Stanley deal, but partner Kent Levenson said the original debt secured by the 26-story building involved “extremely complex financial structures.”

 The new financing involves an undisclosed investment of new equity into the St. Regis, which includes 53 high-end homes and 151 hotel rooms overlooking West Paces Ferry Road, near the intersection with Peachtree Road.

 The deal was struck despite deep problems facing the country’s luxury residential and hotel sectors amid a slow recovery from the Great Recession.

 Developers have seen real estate prices collapse since the peak, putting their buildings under water. At the same time, much of that financing is coming due amid a much stricter lending climate, forcing borrowers to put significant equity into their projects to refinance, or risk seeing those properties go back to the banks.

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How to Get Two Scoops from a Double Dip (The Heery Brothers)

July 20, 2010

 

Taken from The Heery Brothers Blog

Clearly the buyers’ market of a generation of Americans is going to continue for a good bit longer.  Whether that is amidst a “double dip”, “jobless recovery” or various other shapes found in the alphabet is a matter for economists.  Heery Brothers has some experience with housing economics and the Atlanta market place.  Let us outline how continued economic uncertainty can be an opportunity.

Weird things indeed are happening in worldwide markets.  Spending, austerity, liquidity and other market pressures are tearing at each other to create an age of volatility that the most bullish of economists had not predicted.  Underscoring all of this is one clear trend – a flight to quality.  The flight to quality is pervasive across all asset classes.  In fact, investors are only all too eager to sacrifice yield in their pursuit of quality.  People pay for quality.

Real estate has a clear flight to quality.  Try getting a Class C investment property at a tertiary location financed.  There is hardly financing available for investment property that does not have a main-and-main location and a blue-chip stream of income.  Financing for housing is much more available.  Excellent rates abound for FHA loans (maximum of $350,000) or conforming non-jumbo loans (maximum of $417,000).  Under a variety of programs, regrettably high leverage is available.  With cheap money available, the question is what are people buying? Commodity condos (no), 30,000 square foot energy monsters (no), sprawl developed houses 20 miles outside the urban core (no), vacant lots (no), $900,000 houses at nice Buckhead locations that needs some work (yes)  … Stop the presses.

The good stuff is selling, the bad or mediocre stuff is not.  In fact, there are many buyers in the in-town Atlanta market that are having problems finding suitable alternatives.  Buckhead’s single family rental market has actually firmed up because people want nice houses, but cannot buy them.  There are several bread and butter market segments that have strength and even upward pricing pressure.  For example, high quality new construction in Chastain Park around the $1.5 million mark was once a staple for Heery Brothers …  We only have one such listing now and it is just getting started.

Alas you cannot buy if you cannot sell.  What is it that you need to sell?  Does it need work or is it rough around the edges?  Perhaps over leverage is a problem.  In many situations people must stay put.  However, in many other situations people are pleasantly surprised. Over the last year we have found fixing, staging and presentation to be more important than ever.

Lastly, we will reiterate a central point about real estate that we do not foresee changing.  Real estate is the most commonly used tax shelter.  The use of interest deductibility, cost recovery (aka depreciation) and the deductibility of loan points often lowers effective tax rates.  Therefore, if you are disappointed with cash/short term yield and have consternation about where to invest in major equity market – real estate beckons as a safe haven.

Ice cream melts when things heat up.  Enjoy your two scoops while you can.  Let us hope that bankers do not add a third scoop by dumping inventory.

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Featured Home: Contemporary Loft in the Heart of it All (Andrea Cueny)

July 12, 2010

5200 Peachtree Road

This is a spacious loft at Peachtree Malone close to Brookhaven in Atlanta, Georgia. It has freshly painted & neutral paint colors, hardwood floors, stainless steel appliances and totally updated bathrooms and kitchen.

Living Room

Peachtree Malone Lofts is a creative and fun place to live. The entire building surrounds a courtyard area and the back of this particular loft backs up to beautiful green space. On the outside you see clean lines and corrugated metal walls separating oversized balconies. Open spaces and exposed duct work immediately add character inside.

Kitchen

This particular loft has dark hardwoods throughout and the kitchen and living room are open to one another. The kitchen cabinetry is light and continues the modern concept. Stainless steel appliances work well with accents that are both eye-catching and functional. Large floor to ceiling windows and a glass door off of the living room lead to your large balcony that overlooks a wooded area.

Balcony

The master bedroom and bath is spacious and has easy access to the laundry closet. The cabinetry in the master bath is light and the room has beautiful tile work. The two bedroom unit is great for a roommate or for a home office.

The location is extremely convenient with walking access to MARTA. You are only minutes away from fine shopping, dining and entertainment. The gated community has an upbeat vibe and will put you right in the heart of everything Atlanta has to offer.

Two Bedrooms and Two Full Baths

Offered at $185,000

5200 Peachtree Road
Chamblee, GA 30341

Click here for more photos and information about this home.

Andrea Cueny, North Atlanta Office, REALTOR®

Andrea Cueny, North Atlanta Office, REALTOR®

Andrea Cueny
Atlanta Fine Homes Sotheby’s International Realty
(678) 695-7040
(770)442-7300