ST Residential starts 2012 with multiple sellouts | Real Estate
ATLANTA – ST Residential celebrates a strong start to 2012, announcing three sellouts since January at Horizon at Wildwood, Luxe and Serrano. Another sellout is not far behind, with 95% of The Townhomes at One River Place sold after a dramatic increase in traffic in the last quarter. Additionally, Atlanta’s premier eco-friendly high rise, The Brookwood, is leading the Buckhead submarket with the most net sales for the fourth straight quarter, and is currently over 50% sold.
“We’re seeing strong demand at all of our communities in Atlanta” says John Huckaby, senior vice president of ST Residential. “Limited supply for new construction condominiums and low interest rates has certainly helped strengthen the market.”
The sellout of all 274 condominiums at Horizon at Wildwood was announced in January, making it the first of ST Residential’s Atlanta portfolio to sell out. Luring buyers with its close proximity to the Chattahoochee River National Recreation Area, the one- and two-bedroom homes and three-bedroom penthouses ranged in price from $129,900 to over $750,000.
By March, all 107 condominiums at Luxe were sold. With above-market prices for Midtown and an average price of $425,000, Luxe featured one-, two- and three- bedroom homes, Penterra homes and penthouses, all just steps from Piedmont Park.
Now with all 150 condominiums sold, Serrano – located in the heart of Sandy Springs - was one of the top selling condominium communities in the Perimeter sub-market in 2011, achieving off-the-charts success. The Marketing Directors led the sales and marketing for Horizon, Luxe and Serrano.
ST Residential has infused significant capital into many of the properties in order to further enhance their appeal to residents. Each of the Atlanta residences boasts an unmatched level of design, detail, amenities and services.
About ST Residential
ST Residential leads a public-private partnership between the FDIC and a consortium of esteemed private-equity investors that manages Corus Bank N.A.’s nationwide condominium-construction project portfolio. Other members of the consortium include Starwood Capital, TPG, Perry Capital and WLR LeFrak. By managing its portfolio with an unmatched level of detail and tailoring projects to the communities they serve, the company strives to be the standard bearer for luxury condominium projects. For more information, visit www.stresidential.com.