you nailed it. it's about timing, tight capital and the resulting lack of buyers.
Originally Posted by cybele
Well from what I've seen the building is fine but you don't have that many people in the city who are willing and/or able to shell out several million for a condo right now. Their timing was pretty terrible -- just as that thing hit the market the bottom fell out. Aren't most of the ultra high end condos in Atlanta dead in the water (or they just never got out of the ground)?
the building itself is undeniably luxurious. the crown excluded, the exterior finishes are supurb. the interior finishes in most common areas are top notch....if you haven't already, take a walk through the place sometime.
as for building the condo's as shells.......that was a smart move then and it still would be today. buyers who drop $1MM plus for a home in a building like this typically want to personalize the space by choosing what matches their preferences from a palate of options.
there's nothing wrong with a robert stern design in buckhead, in fact, this desing is MORE in line with the historical buckhead architectural legacy defined by neil reid, shutze, means, etc...........way more than sovereign (which i love too).