Finally an update about The Residences at 3630 Peachtree!

Construction has reached floor 23 and the building is going to top out this coming November. Residents can expect to move in by Fall 2009.

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10 Terminus Place is getting its final touches as the building prepares to open it’s doors for the first residents. The first resident will close next week! Terminus is roughly 35% sold, with another four or five contracts in the negotiation stage.  I know on the weekends the sales team is usually very busy. They are having an open house today from 1:00 p.m. to 5:00 p.m., so if you are a prospective buyer and want to take a tour, just show up at the sales center. You may have to wait, so it’s always better to schedule an appointment – which I am happy to do for you.

10 Terminus Place is affordable luxury in the middle of Buckhead. You can still purchase in this building for under $400,000 – the lowest priced condo is $342,200 (one bedroom, one bath). 

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The Atlantic is fairly close to being topped out. The tower’s height is well above Twelve, which is located just across the street. At the base of the building, large precast pieces are being put into place – some of which have “Atlantic” set into the stone. It’s a great look for the building. 

One penthouse (unit 4605) is listed (on FMLS – First Multiple Listing Service) for $1,816,700 – which was previously listed in November 2006 (pre-construction) for $1,576,700 then increased to $1,616,700 in August 2007, finally being increased to it’s current price in April of this year. That is a total increase of $240,000.

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You are already thinking about the summer heat in Atlanta, so let’s fast forward to winter. I saw this on one of my favorite blogs today and thought it was a brilliant (but expensive) idea.

Most developers don’t install gas in their building due to the expense, but if you are like most Atlantan’s, you need and desire to sit by a warm fire in the winter. The latest crop of luxury buildings offer gas cooking appliances, but what do you do when you are in a building where gas isn’t an option.

One company called Conmoto has come up with a very creative solution – the Travelmate Portable Fireplace. This amazing smokeless fireplace is made of black powder-coated steel and glass with an adjustable steel fuel-holder which burns on bio-ethanol liquid fuel. The glass pane, which is held on with magnets, is only removed in order to light the fire. Once the glass pane has been replaced, the fuel tank can be opened and closed, using the stainless steel slide at the front of the fireplace, thereby allowing the flames to be regulated from the outside. Now the glass pane once again protects the fire and you can relax and enjoy the warmth it puts out.

You can carry this fireplace throughout your condo to set the mood anywhere you like – by the dining room table, the living room, the library or even on your terrace. This particular fireplace is 20″ h by 28″ w by 8″ d and weighs 55 pounds.

The bio-ethanol fuel burns for about 2.5 – 3.5 hours. What’s the fireplace cost? $3,300 (available from unicahome.com)

Check with your association to make sure they will allow you to use a product like this in your condo.

As work continues on the first phase of construction, I have to wonder when the developer is going to start releasing information on the condos. I suppose no news if good news in this case? If the Ritz is planning something special for this project, perhaps they are still getting their marketing together. That would be the only thing that makes sense. It is a little strange that nothing has been mentioned so far. At this stage in construction, usually buyers are making selections for finishes – which the developer needs to order. Maybe this will be a white box treatment? Any thoughts? I’d love to hear them.