A new condo boom begins? 42 story Condo/Hotel proposed on Crescent Avenue in Midtown. (Dunwoody: apartments, rentals)

[Ant131531]

Behind paywall, but here's a rendering.



http://www.bizjournals.com/atlanta/p...-proposed.html

[BorisGruschenko1812]

It's plain and somewhat ugly, but it's a start.

Do you know the address?

[wasel]

I think the architecture is cool

[Ant131531]

Originally Posted by BorisGruschenko1812

It's plain and somewhat ugly, but it's a start.

Do you know the address?

I think it's across the street from the 77 12th street apartment building.

[Gulch]

Originally Posted by Ant131531

I think it's across the street from the 77 12th street apartment building.

Looking at a map, I'm guessing that's the NW corner of Crescent @ 12th where Front Page News is.

[1lifealex]

Very nice I like it, SLS is high end.

[Mutiny77]

I like it.

[lastminutemom]

I have a question-- if you followed the recently withdrawn project in dunwoody (called Crown Towers I think), they were calling it condos but asked for 50 percent rentals for the first 5 years. Dunwoody apparently puts conditions on multi-family housing projects to limit rentals (thus the need for developer to spell out intentions)

I wonder if all these "condos" are really apartment buildings for the most part?

[JoeP]

I'm getting concerned about another bubble. There is still a need for apartments, but hopefully developers are not over doing it with the condos. It's like nobody remembers what happened less than a decade ago.

[alco89]

Originally Posted by JoeP

I'm getting concerned about another bubble. There is still a need for apartments, but hopefully developers are not over doing it with the condos. It's like nobody remembers what happened less than a decade ago.

You're joking right? You can almost count on one hand the amount of condos being built. And they've all been small boutique developments.

I've seen too many people be quick to holler "bubble!" when there isn't even one for condos.