SOLD! The Lofts at Reynoldstown Crossing sells all homes to 28 sets of buyers
It might just be the quickest sale of an entire condo building in Atlanta’s recent residential real estate history: the Lofts at Reynoldstown Crossing sold all 28 of its homes in one fell swoop on December 10, 2011. This is wonderful news for the Atlanta BeltLine, who bought the foreclosed condo building this past summer, fixed it up, and presented them to the public again this fall. This is the Atlanta BeltLine’s first residential real estate purchase (not something they’re in the habit of) and the fact that they, with the help of the Marketing Directors, pulled it off brings a sigh of relief to all involved. The Marketing Directors operated under a contract with the BeltLine to advertise the Lofts at Reynoldstown Crossing and to create an excited, orderly approach to selling all of the lofts in one day leveraging a drawing system. In a previous blog post, we explained the drawing system and showed interior images of the lofts.
The sale of these lofts really showcases the BeltLine’s and the City of Atlanta’s commitment to affordable housing and to creating more density along the BeltLine corridor. These lofts are located at the intersection of Memorial Drive and the Atlanta BeltLine’s eastside trail (just north of Glenwood Park). We look forward to seeing all of these contracts close in February and see moving trucks out front!