Comments on: Sovereign Penthouse 4801 Under Contract

By: Ricardo

Ricardo — Mon, 21 Dec 2009 08:26:24 +0000

So what did this unit close at?

By: Jarod

Jarod — Tue, 24 Nov 2009 06:04:52 +0000

This is all very interesting! I am a HUGE fan of this website! Keep it coming, Kevin!

By: BOB

BOB — Sun, 22 Nov 2009 19:10:05 +0000

Not only have they paid off their debt but 3344 Peachtree stands a very good chance of landing the North American HQ of Sony-Ericsson which is re-locating to Atlanta from Raleigh. If they snag the HQ-with 200+ jobs- then the prospects for some residential sales increases as well; especially from some of the globe trotting execs who have pieds -a-terre around the world.
Look for the next big project-and one that will have a strong preleased profile- coming from Regent Partners. The site behind 3344 has a site plan for an even taller building that features a 5 star hotel.

By: Chris

Chris — Sat, 21 Nov 2009 21:57:11 +0000

Well since Regent Partners paid off its debt on 3344, they can afford to sit on prices. With that said the buyer definitely isn’t going to pay close to full price. I’m no expert but my WILD guess would be $5.2M-5.7M???

By: Ricardo

Ricardo — Sat, 21 Nov 2009 16:07:03 +0000

OH NO!!! I was saving up for that one. Oh well, hopefully the other one stays off the market for a while. I have to get one of them!