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Old 01-30-2013, 11:02 AM
 
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Just another signal of how strong the rental market is, with many people still unable to line up financing, or unwilling to take on a mortgage again . . .

Ponce City Market Opts for Apartments over Condos - Virginia Highland-Druid Hills, GA Patch
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Old 01-30-2013, 11:17 AM
 
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Originally Posted by red92s View Post
Just another signal of how strong the rental market is, with many people still unable to line up financing, or unwilling to take on a mortgage again . . .
Actually, I think it is the builders/developers can't get financing for condos.
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Old 01-30-2013, 11:49 AM
 
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Originally Posted by lastminutemom View Post
Actually, I think it is the builders/developers can't get financing for condos.
They are already pretty deep into this project. There is a lot of heavy equipment on site, and work is well underway. If they couldn't arrange financing to build condos, I doubt they would have been working since summer.
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Old 01-30-2013, 11:54 AM
 
Location: Inman Park (Atlanta, GA)
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I think that the reasoning for apartments versus condos for this project along with Skyhouse is that there must be a need for rentals rather than condos in Atlanta.
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Old 01-30-2013, 11:57 AM
 
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Quote:
Originally Posted by red92s View Post
They are already pretty deep into this project. There is a lot of heavy equipment on site, and work is well underway. If they couldn't arrange financing to build condos, I doubt they would have been working since summer.
They know what they are doing. They'll be able to make more money this way for the time being. They can convert them to condos after the area has reached capacity and get a significant amount more money for them then than if they were to sell them off when it opens. This project has a very optimistic outlook and I seriously doubt they will have any trouble getting financial backing.
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Old 01-30-2013, 12:04 PM
 
Location: ITP - City of Atlanta Proper
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Oh they'll convert to condos at some point. Probably a few years after the project is complete and the bills are paid off.
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Old 01-30-2013, 12:08 PM
 
Location: Kirkwood
22,157 posts, read 16,157,856 times
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The rental market is red hot in Atlanta.
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Old 01-30-2013, 03:26 PM
 
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Are the Ford Factory Lofts right next door still apartments?
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Old 01-30-2013, 04:02 PM
 
Location: Inman Park (Atlanta, GA)
21,871 posts, read 12,751,504 times
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Quote:
Originally Posted by aries4118 View Post
Are the Ford Factory Lofts right next door still apartments?
Yes
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Old 01-30-2013, 06:41 PM
 
12,912 posts, read 20,985,787 times
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Originally Posted by George Chong View Post
Yes
Thanks.
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