1010 Midtown at 99% Occupancy

1010 Midtown, the 35-story, 630,000-square-foot mixed-use development and 425 unit luxury high rise building located at 1080 Peachtree Northeast, has one remaining new residence for sale. The building had less than 6% of residences sold during pre-construction and the remaining units were put on the open market in 2008. Since then, Coldwell Banker Residential Brokerage sales associates Jim Fountain, Judy Holloway and Corey Sayre have sold 355 of these residences. The last remaining new residence in the building, 3315, is listed for $1 Million.

Located on the 33rd floor, 3315 provides unsurpassed views of the Atlanta skyline. The three-bedroom, three-bathroom residence has 2,416 square feet of high end finishes including hard wood floors, floor to ceiling windows, granite counter tops, a gourmet kitchen with Bosch stainless steel appliances, Kohl fixtures, 10-foot ceilings and two balconies. This home also comes with two assigned parking spaces and a storage unit. Homeowners in the 1010 Midtown building have access to the community's fitness center swimming pool, cabanas, rooftop gardens, club room, and 24-hour concierge and security.

“Midtown has become a destination. It has transitioned into a hip, walkable community where the Intown lifestyle is really being embraced” said Jim Fountain, sales associate, Coldwell Banker Residential Brokerage. “The building’s proximity to Piedmont Park, ease of commute and premier location are desirable to any audience.”

1010 Midtown is part of the 12th & Midtown mixed-use development, which includes 1.2 million square feet of Class A office space, more than 600 hotel rooms, a 1,000 residences and over 200,000 square feet of flagship retail space in the heart of Midtown Atlanta. The high rise is currently home restaurants and retail businesses including Ri Ra Irish Pub, Panera Bread, RA Sushi, Mi Cocina, Piola, CB2 and Bank of America.

As the economy rebounded in Atlanta, so did the increase in sales of residences in this building. In the years following the recession, sales figures rebounded from 31 residences in 2008 and 32 residences in 2009 to 91 residences in 2011, 95 residences in 2012 and 130 residences in 2013. Last week, the residence at 2911 was sold by Jim Fountain for $610,000, leaving unit 3315 as the final new residence available.

“The real estate downturn of the late 2000s caused many of Atlanta’s high rises to be deemed financially distressed. Condominium residences went into foreclosures and many of these buildings were returned to the bank. Construction halted and the cranes disappeared from our skyline,” said Charlotte Sears, president, Coldwell Banker Residential Real Estate. “The success of 1010 Midtown is due to the hard work of Jim Fountain and his fellow associates, who were able to keep sales steady, prices stable and tirelessly continued to market these properties despite the wavering real estate market.”

Coldwell Banker Residential Brokerage is a leading residential real estate company with 12 offices and more than 850 sales associates serving the communities of Greater Atlanta. Worldwide, the Coldwell Banker network includes 3,100 offices with over 82,000 sales associates spanning more than 50 countries.  Every day, Coldwell Banker Residential Brokerage properties are exposed to 16 million buyers on more than 575 high-traffic websites.

For more information or to view local properties, visit ColdwellBankerAtlanta.com.  To learn more about a career in real estate with Coldwell Banker, visit CBRealEstateAgent.com. Coldwell Banker Residential Brokerage is a subsidiary of NRT LLC, the nation’s largest residential real estate brokerage company.


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