Posts Tagged ‘SkyRise Group’

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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.

Read the rest of this entry ?

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Sovereign Featured in Lonny Magazine!

June 15, 2010
 When the Sovereign Buckhead decided it was time to revamp their model home they knew just who to call: designer Lee Kleinhelter.  As the owner of Atlanta’s home-goods store Pieces, as well as a resident owner at the Sovereign, she was eager to put her clever direction into making the condo model radiate  with clean lines and “not too modern and not too traditional” touches. 
 
Kleinhelter breathed new life into the condo by ripping out the dull-blue carpet and centered her attention on creating depth through textures, accentuating the walls, and energizing the space with a flavorful shade of orange inspired by Hermes.  Each Sovereign condo features strong angles and uniquel nooks and she was successful in making it look anything but an average staged model.  She created a home that fuses the modern and the vintage and together permeates the warmth that every buyer craves.  “I want this home to make you feel great, chic, and super happy” she says, and it seems by the response Sovereign is receiving, she has done just that.

 

The Sovereign Buckhead

The Sovereign Buckhead

Sovereign Model

The Sovereign Model Condo

Staging a house to sell isn’t always easy, but Kleinhelter gives these two bits of advice:

  • The first step in preparing to sell is to move everything out.  Once the house is clutter-free, paint everything the same color to visually expand the space. 
  • Lastly, when moving the furniture back, carefully edit and leave only the essentials.  Less is more.  Leave personal mementos in storage, otherwise potential buyers may feel like they are intruding on someone else’s space.

To read the rest of the article:  Lonny Magazine June/July 2010

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Sunday Sneak Peek: Best neighborhood farmer’s market

June 14, 2010

Welcome to our new weekly blog feature: Sunday Sneak Peek!   Each Sunday we will feature a “Best of Atlanta”-where will explore some well-known and lesser known gems that make our home in Atlanta such a fine city to live in!

When surveying the Atlanta Fine Homes team on the best neighborhood farmer’s market,   Margaret Rodbell, Mike Bugg, Sandra Carey and Jenny Pruitt all raved about the:

Peachtree Road Farmers Market at Cathedral of St. Phillips
2744 Peachtree Road, NW
Atlanta, Georgia 30305
April 10, 2010- December 18, 2010
April – August: 8:30 am to 12:30 pm
Sept. – December: 9 am to 12:30 pm

With a vendor list eight pages long, you are sure to find something sweet, something organic, something fresh and something even for your furry friend here!  Plenty of parking!

Peggy Hibbert , a native Atlantean and agent in the Buckhead office,  had no problem identifying her favorite: “The farmer’s market in Virginia Highland/Morningside is FABULOUS!  It’s been going for a long time, so there are a lot of participants with great quality and diversity of choice.  Of course, the produce is amazing; there is also organic meat, flowers, handmade items, i.e., soap and bath salts, cooking classes, etc.  The restaurant adjacent to the market, Rosebud uses the produce in their menu and when you’re finished browsing the market, you can cross the street to Alon’s, the best French bakery in town and get a cinnamon twist and great coffee.   Just one more reason why people love living in VaHighland/Morningside.”

Adrian Smith loves to shop locally and enjoys the many options that Atlanta offers to buy organically.    She  highly recommends The Piedmont Park Green Market. “They always have live music playing, a wide variety of veggies, cheeses, meats, some dairy products and even doggie treats! There are tons of dogs around (all on leashes of course). They also have handmade jewelry and other custom crafts, all being local! There are even live cooking demonstrations, as well as coffee and delicious morning treats like danishes and such to munch on while you’re shopping. The farmer’s have mostly been the same ones selling there for years. It’s nice to feel like you have a relationship with the people who are growing your food. Then, you can take a walk through Piedmont Park once you’re done shopping. Who doesn’t love that? I don’t think you have to be certified organic to sell food at this market, which is nice because there are so many wonderful farmers that don’t have the money to go through the certification process, but practice growing everything naturally and most of them would be glad for you to come out to the farm and see for yourself.”

For a listing of all Georgia Farmer’s markets check out this site.

Which Farmer’s Market do you love?   Let us know!

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The Aberdeen offers buyers opportunity to participate in Home Sale Program

May 13, 2010

 

Welcome to The Aberdeen

Welcome to The Aberdeen

ATLANTA –The Aberdeen, the beautiful development located in historic Vinings, is partnering with Atlanta Fine Homes Sotheby’s International Realty to launch an innovative Home Resale Program.  The aim of this program is to assist buyers who are in the market to purchase a condominium but need to sell their single-family home before going to contract.   The Home Resale Program extends to each residence in The Aberdeen except those discounted as a part of Grand Opening pricing incentives.

Here is how the new Home Resale Program works:

1) Make an appointment with Judie Mattie or Beverly Ricker (770.435.6428) to schedule a personal tour of The Aberdeen and experience the exceptional amenities and residences.

2) Decide on the perfect Aberdeen residence for you and your family.  Write a contract contingent on the sale of your single-family home.

3) The experienced sales team at The Aberdeen will pair you with a helpful Atlanta Fine Homes Sotheby’s International Realty residential sales associate to assist in the sale of your home.  The agent will provide you with a comprehensive analysis of your neighborhood and the best industry knowledge.  

4) When your single-family home sells, the development at The Aberdeen will reimburse you for the Atlanta Fine Homes Sotheby’s International Realty broker listing side commission by issuing a credit at the closing of your new Aberdeen residence.

Developed by Atlanta-based Taz Anderson Realty Company, The Aberdeen is located at 2700 Paces Ferry Road in Vinings.  With current incentive pricing, the value of an investment at The Aberdeen is unmatched in Atlanta.  Offering spectacular skyline views from each residence, The Aberdeen is situated in perfect proximity to Buckhead and all of Atlanta’s major thoroughfares.  Exclusive amenities include state-of-the-art finishes and fixtures, such as Viking Professional Series appliances, a fitness center and an indoor driving range with golf simulator.  Residents also have access to the club room, which offers a full catering kitchen and a wine cellar with private storage lockers.

To learn more or to schedule a tour, call 770.435.6428 or visit www.aberdeenatl.com.

 *Total brokerage fee is 6%, to be paid at closing.

**3% listing commission will be calculated on the sold price of the buyer’s single-family home and will be applied as an additional price reduction at the time of closing of The Aberdeen condominium purchase.

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Atlanta Condo Outlook

March 5, 2010
David Boehmig, President and Founder

David Boehmig, President and Founder

From www.atlantarealestateforum.com

For several years, the metro area’s condominium market enjoyed robust health, fueled by baby-boomer buyers trading in lawn mowers for concierge services and commuters moving inside the city limits to get closer to work, nightlife and cultural centers. Construction was booming in Buckhead, Midtown, downtown and on the fringes of the Perimeter, as well as in a few spots that previously were considered less desirable.

When the economic downturn took a bite out of that boom, work on many projects came to a startling standstill. The last few years have seen some properties taken over by banks, finished by builders below cost or sold at drastically reduced prices. But for buyers considering a condominium purchase, the opportunities are exceptional.

“There are good deals across the price points all across town,” said David Boehmig, president and founder of Atlanta Fine Homes/Sotheby’s International Realty. His Atlanta-based office includes SkyRise, a division devoted solely to the sales of upper-level, multi-family homes. Last year, about 10 percent of the company’s total business was in the condominium market, despite the fact that new condo construction is at a standstill.

“There isn’t a lot of new product, but that doesn’t mean that there isn’t a plethora of new homes across all price points, from the high $100,000s to more than $10 million,” said Boehmig. “There is a healthy supply that is part of the market dynamic; it doesn’t mean nobody’s buying condos. There are even penthouses around town in the $5 to $10 million range that have sold.”

The bulk of the active condo market lies inside the Perimeter, with Boehmig estimating 500 units downtown, 800 in Buckhead, 1,200 in Midtown and 800 scattered beyond the city limits. The inventory is gradually beginning to be absorbed, but Boehmig predicts it will still be some time before there’s a better balance between buyers and sellers. Meanwhile, buyers have the advantage.

“Buyers are looking at pricing that’s 25 to 35 percent lower than the initial pricing,” said Boehmig. “As more banks take over projects, the prices meet the buyers’ impressions of value, and that facilitates quicker sales.”

Boehmig also believes that most condominium buyers are making a choice based on more than just price.

“Condominium living is more about lifestyle choice,” he said. “Certain folks are into the freedom that owning a condominium offers. If they’re making a long-term decision, a condo is a good choice. If they like the ability to have ample amenities, security, peace of mind when traveling and really beautiful views, then a condominium is still a good choice.”

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Top 10 Sales in Atlanta Residential Real Estate in 2009

January 13, 2010

Congratulations to the sales associates at Atlanta Fine Homes Sotheby’s International Realty for participating in seven out of the top sales sales in metro Atlanta in 2009! 

Top Ten Sales in Atlanta Residential Real Estate 2009