After sitting empty and incomplete for three years, a five-story building on 12th Street will open today for a sneak peek at newly-finished apartments.
Park and 12th will open as a new development, said Dave Lang, part-owner since March of the building at Piedmont Avenue and 12th Street.
"We had to finish all the touches: flooring, lighting, appliances," he said.
The property has been idle since 2009 when the bank foreclosed on a $7 million loan to the original developer. After it passed through several other hands, Lang and his colleagues acquired the building this year. Fulton County tax records from 2011 value the property at some $6 million.
Lang is optimistic that the apartments will fill up, especially because at 30 units, it is rather small. "I think there's going to be a pent-up demand thing," said Lang, adding he's gotten heavy interest during through pre-construction marketing. By yesterday morning he had 80 RSVPs for today's open house.
Two model units on the top floor will be open today from 6:30 p.m. to 9 p.m.; RSVP at the Park and 12th Facebook page or at email@example.com. Apartment prices will be announced at the event and applications will be accepted.
Lang hopes move-ins will start by Aug. 1. The apartments range in size from a 700 square-foot one-bedroom unit to a 1,450 square-foot two-bedroom unit.
The building was planned as a condominium, so it has higher-quality materials than the typical apartment, said Lang.