Real Estate Company Proves 2012 a Good Year for Selling Out
- Mar 19, 2012
By Jessica Fiur, News Editor
Atlanta—Though musicians sometimes frown at being told they’ve sold out, the term is music to a developer’s ears. And ST Residential has recently sold out—three times.
The real estate firm announced that it has had three sellouts so far in 2012 at Atlanta-based condominium communities Horizon at Wildwood, Luxe and Serrano.
In January, all 274 units at Horizon at Wildwood were sold. This building includes one- and two-bedroom units, as well as three-bedroom penthouses, all of which range from $129,900 to over $750,000. The Horizon at Wildwood is located close to local attractions such as the Chattahoochee River National Recreation Area.
By March, all of the 107 units were sold at the Luxe. This community features one-, two- and three-bedroom homes and penthouses. The Luxe is located near Piedmont Park.
The most recent community in the ST Residential portfolio to sell out is the Serrano. This community features 150 condominiums.
This might not be the end of selling out for the real estate company. Currently, 95 percent of another of its communities, The Townhomes at One River Place, is already sold. Additionally, The Brookwood, an eco-friendly high rise, is over 50 percent sold.
“We’re seeing strong demand at all of our communities in Atlanta,” John Huckaby, senior vice president, ST Residential, says in a press statement. “Limited supply for new construction condominiums and low interest rates has certainly helped strengthen the market.”