Developers Still See Strong Condominium Demand in Atlanta

Amid the slowdown in condominium resales, developers march on with new projects in Metro Atlanta.

One of Atlanta’s most prolific condo developers, Novare Group Inc., plans The Atlantic in Atlantic Station, The Roxy in Buckhead and 3360, a joint venture with Atlanta-based Post Properties Inc., Duke Realty Corp. and Pope & Land Enterprises Inc. Novare has also begun construction on ViewPoint in Midtown.

Wood Partners LLC, which built Metropolis, Eclipse, Spire and TWELVE Atlantic Station with Novare, has development plans of its own: Trump Towers Atlanta and condos on Norfolk Southern Corp.’s land downtown.

Novare has 1,105 units under construction and 1,039 units in the pipeline for 2007, said Jim Borders, president and CEO of Novare.
Source: News11 | Condo Blog

Add comment January 14th, 2007