The developer has been releasing details about the highly anticipated condo tower in dribs and drabs after its initial announcement in June. 

The apartment investor said the property is a unique value-add opportunity, with 442 of the 446 units ripe for renovation.

The expansion represents its ongoing efforts to acquire and operate well-located apartment communities, particularly in growth markets like those in Georgia

Home sales fell 13.7% year over year and 9.5% month over month to 4,072 units sold in September, while sales volume totaled $2.043 billion.

Economists were expecting a monthly decline in the annual sales rate. 

The 13-story building opened in 2023 and offers 312 apartments. 

The ambitious public space has been under development for 20 years.  

Sonenshine started the nonprofit after hearing about a student who depended on school meals during the week but went hungry over the weekend because his parents couldn’t afford to feed him. 

The development will offer a mix of single-family residences and townhomes priced from the mid $500,000s. 

The firm noted that while its bid was not the highest, the seller selected their offer because of its confidence in the firm’s ability to close and track record of rescuing distressed properties. 

The acquisition adds almost 2,000 agents to the HomeSmart network, bringing it to over 27,000 agents nationwide.  

The project is one of several NOVEL-branded communities Crescent is developing around Atlanta.

Wade Farm will have 318 homes spread over 156 acres when fully built out. 

All units have three bedrooms, 2.5 bathrooms and open-concept floor plans. 

While a decline in closed sales is largely seasonal, the fact that pending sales fell for the fifth month in a row suggests something besides mere seasonality is at work, GAMLS said. 

In Atlanta, buyers who wait until the last week of September to buy stand to see 14.6% more active listings.