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Old 04-01-2014, 06:13 PM
 
Location: Atlanta
506 posts, read 347,395 times
Reputation: 433

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Quote:
Originally Posted by ElleKaye View Post
First of all, let me say I do like the pic of the penthouse so there's no need to pretend like I don't.
I don't know why that was funny to me. Lol.
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Old 04-02-2014, 06:16 AM
 
Location: Johns Creek, GA
2,009 posts, read 2,147,354 times
Reputation: 2282
Lovely photo, but how do you control the climate in a penthouse with such huge windows? I bet that place is blazing hot during our Georgia summers
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Old 04-02-2014, 06:53 AM
 
Location: Atlanta
2,860 posts, read 2,819,044 times
Reputation: 1437
Quote:
Originally Posted by IntentionsRGood View Post
I don't know why that was funny to me. Lol.


Quote:
Originally Posted by Tarzanman View Post
Lovely photo, but how do you control the climate in a penthouse with such huge windows? I bet that place is blazing hot during our Georgia summers

Get some Levelor blinds, double pane the windows, and run the a/c. It'll work out.
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Old 04-02-2014, 08:47 AM
 
1,114 posts, read 1,994,845 times
Reputation: 701
Maybe the owner is trying to get out ahead of this:
Alternate Views Of Peachtree Tower Bring Sexy Back - Development Du Jour - Curbed Atlanta

The height is probably too close for comfort.

It's not out of line given some historical prices people had on the far worse Twelve AS units...my really old post about it:
http://www.city-data.com/forum/21847107-post13.html

Also, the ask isn't that ridiculous given Novare was asking for 1.2M for that unit when I viewed it at their grand opening in '08.

High end condos tend to be pretty illiquid bets so you've got to aim high and hope you get some attention. List it for 700k and you don't get a lot of return for the risk of locking up a lot of capital.
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Old 04-02-2014, 09:31 AM
 
8,334 posts, read 10,281,587 times
Reputation: 6437
Even for a cool million you still get those bare concrete walls?

Nice, Novare.
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Old 04-02-2014, 09:55 AM
 
1,114 posts, read 1,994,845 times
Reputation: 701
^They'll cover them if you checked the options box. IIRC it was a few grand for the ceilings and the walls. I'm guessing when they fire sale'd those units, they weren't in the mood to drywall stuff.
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Old 04-02-2014, 10:14 AM
 
Location: Atlanta
506 posts, read 347,395 times
Reputation: 433
Quote:
Originally Posted by Mishap View Post
Maybe the owner is trying to get out ahead of this:
Alternate Views Of Peachtree Tower Bring Sexy Back - Development Du Jour - Curbed Atlanta

The height is probably too close for comfort.

It's not out of line given some historical prices people had on the far worse Twelve AS units...my really old post about it:
http://www.city-data.com/forum/21847107-post13.html

Also, the ask isn't that ridiculous given Novare was asking for 1.2M for that unit when I viewed it at their grand opening in '08.

High end condos tend to be pretty illiquid bets so you've got to aim high and hope you get some attention. List it for 700k and you don't get a lot of return for the risk of locking up a lot of capital.
Great info. Thanks for the links! This penthouse faces the north (facing 10th street), so the new apartment development wouldn't affect him as it is on the other side of the building.
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Old 04-02-2014, 10:31 AM
 
Location: Atlanta
506 posts, read 347,395 times
Reputation: 433
Why are my posts being moderated?
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Old 04-02-2014, 10:46 AM
 
29,401 posts, read 26,351,880 times
Reputation: 10291
$1 million for a super two story penthouse doesn't surprise me at all. Many condos in the city go for a lot more than that.

Of course actual demand will tell the tale.
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Old 04-02-2014, 11:17 AM
 
Location: Logan Township, Minnesota
15,511 posts, read 13,297,298 times
Reputation: 7407
Quote:
Originally Posted by IntentionsRGood View Post
Why are my posts being moderated?
Until a member reaches 10 posts there is a level of moderation. There will be a pause before a post becomes visible if it contains links or images even if those are contained within a quote.
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