This Week in Atlanta Real Estate: Midtown’s No2 Opus Place releases floorplans

by Sergio Valdes

Source: ArX Solutions

Berkshire Hathaway HomeServices team CityHaus has revealed 23 floorplans for No2 Opus Place, the upcoming 53-story Midtown luxury condo tower. With floorplans developed by architecture firm Perkins + Will, the tower will host 257 total luxury condominiums, with starting prices around the mid-$400,000s and edging up to $12 million for the penthouses, according to WhatNow Atlanta. Due to ever-shifting market demand, additional smaller home offerings were added to the plans. With the tower undergoing construction at 98 14th St. NE, No2 Opus Place is set to open its doors in spring 2020.

In other Atlanta real estate news:

  • Dodge Data & Analytics released its latest developments of its January construction in the metropolitan statistical area of Atlanta-Sandy Springs-Marietta in a news release earlier today, confirming that there has been a 12 percent residential construction activity drop in funding since last January, going from $612.4 million in 2017 to $539.4 million in 2018.
  • A long-vacant Norfolk Southern complex in south downtown will be transformed into a residence building, according to Curbed Atlanta. Originally a base of operations for the nearby railroad, the two buildings — connected by a five-story bridge that spans the closed Nelson Street viaduct — will house 246 one- and two-bedroom residential units.
  • Due to a colossal increase in digitally driven consumer traffic, real estate firm Beacham & Company saw a record-breaking 36 percent increase in home closings from the previous all-time January high and a 28 percent higher closed dollar volume compared to a year ago, according to a report by Luxury Real Estate.
  • A Tumblr account ATL Urbanist reported that developer The Integral Group applied for permits to start a $9 million project to create the Auburn Apartments, consisting of a five-story brick building to house 92 apartments, parking and 4,000 square feet of retail space along the street. This site is located at the corner of Piedmont and Auburn avenues.
  • Berkadia has brokered the sale of 32-building, 281-unit community Azalea Ridge — on behalf of seller Alexander Property Group — to buyer Zavala Capital for $91.1 million, according to Multi-Housing News.
  • Pollack Shores Real Estate Group filed permits to develop a 325-unit apartment complex at 1099 Boulevard along the future southeast section of the BeltLine, according to BisNow. The southeast section will link the Eastside and Westside BeltLine section upon anticipated completion in 2023.
  • American Landmark acquired the 586-unit community of Madison at River Sound — now renamed Parc at 980 — in Lawrenceville, according to Multi-Housing News. American Landmark now owns six communities with 2,300 units total.