Sales at the new Grant Place condo community on the Southside BeltLine have opened, and the project’s backers are offering a 4.875% fixed interest rate to the first seven homebuyers.
The development is the first to go up on the Southside BeltLine in Grant Park. It offers 72 single-level condos starting in the high $500,000s.
The fixed interest rate is being offered through Jan. 31, 2023, by The Providence Group, which developed the community. Engel & Völkers Atlanta is handling sales and marketing.
“As the national interest rate continues to rise, homebuyers are shying away from entering the market, but our partners are offering a locked-in rate that is more than 3 points lower than the national average to give homebuyers the opportunity to secure a new home in this highly desirable location,” Engel & Völkers Atlanta founder and CEO Christa Huffstickler said in a news release. “Grant Place is located within steps of one of the city’s most popular mixed-use developments and provides the stress-free, accessible and elevated lifestyle today’s intown buyers are searching for.”
The community comprises six buildings with 12 homes in each. All residences offer two bedrooms, two bathrooms, nested balconies and private garages. A community pavilion and firepit are also offered.
“After the success and sell out of our neighboring community, Pratt Stacks, we believe buyers will flock to the elevated, lock-and-leave lifestyle afforded at Grant Place,” Providence Group President Warren Jolly said. “The financial incentive we’re offering our first set of buyers will provide the unique opportunity they need to purchase the home of their dreams in a market of fluctuating interest rates.”