Atlantic Station
Atlantic Station started the Live-Work-Play craze in Atlanta. Picture a community where living, working, and playing are within walking distance of each other. Opened in 2005 in midtown Atlanta, this city within a city was even given its own zip code: 30363. It features residential areas, office spaces, shops, restaurants, entertainment, and much more. Today, Atlantic Station continues to attract hordes of people to its neighborhood on a daily basis. I remember back in 2003, when the Art Foundry condominiums (the first residential area to be built in the area) announced initial plans of construction. Before even breaking ground, all units were almost all sold out. Buyers had to qualify (financially) in order to join a lottery that may give them a chance to purchase a most-coveted unit. Once the lottery was won, they had to put down a non-refundable exorbitant amount as earnest money. I thought these people were crazy until my parents announced they won the Art Foundry lottery and bought a unit for my younger sister who was living in a dorm nearby. They are now selling it for $100,000 more than what they paid originally. Not bad return on investment after less than 3 years. These days, there are more residential development in Atlantic Station. The Trump Towers are slated to be built pretty soon with anticipated completion by 2010. Twelve Atlantic Station has just been completed and features a hotel and residential condominiums. Work-wise, Atlantic Station features office buildings nearby. There’s 201, a 17-story Class A office tower offering 350,000 rentable square feet. 171, another Class A complex is home to leading bank Wachovia’s headquarters.
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