W Atlanta Residences, Atlanta’s only W-branded condos, has reduced prices up to 30 percent on many of its 65 remaining units (out of 74 units total). Luxury condominium homes now range from the mid $200s, to more than $3 million. Remember homes previously were priced at about $379,000 for a one bedroom condo. Read the rest of this entry

The W Atlanta Downtown Hotel & Residences is located in Allen Plaza, a large mixed-use development conveniently located close to Midtown and everything Atlanta has to offer. Even with the convenient location, Allen Plaza has office space, retail shops, restaurants, apartment rentals and nightlife, making it a self-contained destination. In previous years, Downtown Atlanta didn’t have very much to offer, but when the W brand comes into town, you know everything is about to change. The W is bringing high style and modern hipness to Atlanta in a refreshing new way.  Read the rest of this entry

The W Atlanta Downtown Hotel & Residences is located in Allen Plaza, a large mixed-use development conveniently located close to Midtown and everything Atlanta has to offer. Even with the convenient location, Allen Plaza has office space, retail shops, restaurants, apartment rentals and nightlife, making it a self-contained destination.

In previous years, downtown Atlanta didn’t have very much to offer, but when the W brand comes into town, you know everything is about to change. The W is bringing high style and modern hipness to Atlanta in a refreshing new way.  Read the rest of this entry

If you read my blog regularly, you know I’m not a huge fan of the W project in downtown. The project sits in a strange location very close to the highway and in a transitional area of Atlanta. While it’s not the best location, Allen Plaza is trying to change the negatives into positives. The 9 block mixed use development on the Northern edge of downtown Atlanta will have 2.5 million square feet of Class A office space, 250,000 square feet of neighborhood retail/restaurants, 2,500 plus residences and 1,100 plus hotel rooms in four hotels. Of course, this is always subject to change. Already, BLT Steak was scheduled to open at the W, but have since pulled out of the project.
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As planned, the auction to quickly reduce the remaining inventory at Tribute Lofts took place in one hour at the Omni Hotel at CNN Center. The highest price at the auction was a 1,306 square foot unit that went for $263,000 - a little over 30% less than the original asking price of $379,900. 

The cheapest sale was $132,000 for a 795-square-foot one-bedroom unit that originally was priced at $183,900 — a discount of 28.2 percent. Minimum bid prices for the one-bedroom, one-bedroom-with-den and two-bedroom units ranged from $110,000 to $198,000.

Instead of 40 units being auctioned off, only 30 units were sent to the chopping block. Some people weren’t interested in the other 10 units. Probably due to their location and size. 

Remaining are about 40 units at Tribute Lofts, which will all have their prices reduced as a result of the auction. What does this mean for you? Deals. What bargaining power buyers will have in purchasing the remaining inventory.