Vinings Main

Vinings Main, after months and months of uncertainty, seems to have righted the ship.

Originally, pricing was over $200,000 for a 1BR condo and for some 2BR units over $500,000. In an attempt to keep the project from being foreclosed, the building’s operators, Woods Partners, proposed renting the units for up to five years. In January, county commissioners rejected the request, which undoubtedly made a lot of local Vinings residents happy, but raised further concern about the project being foreclosed.

In March, the group of lenders financing the project removed Wood Partners and replaced them with Novare Group as the operator and have slashed prices. The one-bedroom unit is now priced at $136,000, a 34 percent difference. And the $504,000 top-end unit is now available for $288,000 – 43 percent below the original asking price.

Vinings Main is located just off of Paces Ferry Road between Interstate 285 and the Chattahoochee River and was completed in 2008, but  only three of its 148 residential condos sold at the original prices. Vinings Main is next to Avignon at Vinings and in front of the Battery on Paces Ferry.

Located in the center of historic Vinings off Paces Ferry Road, is Vinings Main. Featuring 142 luxury Cobb County condos, these units are priced to sell. Current prices range from the mid-100,000s for 1 bedroom, 1 bath homes to the mid-200,000s for 2 bedrooms,2.5 bath homes, depending on square footage and location.

Vinings Main condos feature 897 to 1,868 square feet of living space with amazing features per plan. Homeowners can walk to restaurants including Social Vinings, Noche and enjoy shopping at Banana Republic and Ann Taylor at the Vinings Jubilee.

Features include:

• Spacious Balcony or Patio
• Hardwood Floors
• 10′ Ceilings
• Decorator Tile
• Gourmet Kitchens with Designer Wood Cabinetry
• Granite Countertops in Kitchens & Baths
• Stainless Steel Appliances* & Gas Ranges
• Spacious Walk-In Closets
• Crown Moulding Throughout
• Fireplaces in Living Areas*

* – in select homes

There is a business center, fitness center, full-service concierge service, a guest suite, clubroom with plasma TVs and a catering kitchen and a resort-style pool with an outdoor summer kitchen. Sales also include one parking space per number of bedrooms in the unit.

We would love to be your Vinings Main real estate agent.

Click here for a sampling of current Vinings Main condos for sale.

[where: 30339]

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• Aberdeen Condominiums Complete Vertical Construction

On track to welcome its first residents by October, The Aberdeen on Paces Ferry, a 12-story luxury condominium in the heart of Vinings, will offer residents unparalleled views of the downtown Atlanta skyline, as well as an Atlanta address with desirable Cobb County taxes.

Developed by Taz Anderson Realty Co. and designed by award winning architect Smallwood, Reynolds, Stewart, Stewart and Associates, The Aberdeen will boast 55 units (two and three bedroom homes and penthouses) ranging from $800,000 to more than $1,650,000.

All residences will enjoy Viking kitchen appliances and Waterworks bath fixtures, as well as private balconies. Private beverage lockers, a catering kitchen, a saline pool with oversized sun shelf and an outdoor terrace with a putting green and bocce court are just a few of the many luxury amenities that will be available to future residents.

[where: 30339]

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View from a top unit at the Aberdeen

The Aberdeen, a 12-story luxury condominium tower in the heart of Vinings, is bringing one of the best views of Atlanta’s skyline to Cobb County.  The building’s contractor, Hardin Construction, completed vertical construction early this year.

“Now that The Aberdeen is topped out, we invite people to stop by and witness the most amazing view of the Atlanta skyline and experience all that Vinings village has to offer,” says Developer Taz Anderson Realty President Geoff Anderson.  “We are very proud of the Aberdeen.  It has taken a lot of work by a lot of people to reach the top.”

The Aberdeen was designed by award-winning architect Smallwood, Reynolds, Stewart, Stewart & Associates.  Renowned Atlanta design firm Carole Weaks Interiors is in charge of its interior design.

The Aberdeen Offers Atlanta Views, Cobb Taxes

Completing in summer 2009, The Aberdeen will welcome its first residents by August.  The Aberdeen provides commanding views of the downtown Atlanta skyline and features some of the largest condominium homes and finest finishes in the metro area.  An added benefit:  An Atlanta address with low, Cobb County taxes.

The Aberdeen’s 55 luxury residences are a mix of distinctive two-and-three bedroom homes and penthouses – each averaging 2,800 square feet of space – featuring private amenities, top-of-the-line finishes and expansive terraces.  Prices range from $750,000 to more than $2 million.

Future residents of The Aberdeen will enjoy the charming, walkable Vinings neighborhood, while maintaining easy access to Hartsfield-Jackson International Airport, the Cobb Energy Performing Arts Centre, and the best shopping and dining locations Atlanta has to offer.

Each condominium home features top-of-the-line appliances by manufacturers such as Viking and Waterworks.  Other luxury amenities will include 24-hour monitoring and access control, concierge service, private beverage lockers, an outdoor grilling center, a clubhouse lounge, full service health club, catering kitchen, dining/board room and dry cleaning pick-up and delivery.

All homes also have access to The Aberdeen’s saline pool with oversize sun-shelf, and an expansive, outdoor terrace.  The terrace includes a large putting green, bocce court, pavilion and grilling center.

If you have any further questions about the The Aberdeen project or any other Smyrna Vinings developments, feel free to contact us.

Click here to see The Aberdeen luxury condos for sale.

Should you want to purchase real estate in the Smyrna Vinings community, we would be glad to assist you. Remember, it is always a free service to be represented by a Buyer’s Agent in the state of Georgia.

Technorati Tags: The Aberdeen, Vinings Luxury Condos, Atlanta Luxury Condos

[where: 30339]

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Vinings Home Sales Update

As a general rule, I’ve been telling people to ignore the newspapers as many of their stats are usually based on metro, state or even national trends, which can be heavily impacted by factors not relevant in your local Smyrna Vinings real estate market.

Last Sunday, the Atlanta Journal Constitution proclaimed that “Vinings home sales hot in frigid market“. So I’m sure you’re probably thinking I should change my stance on newspapers. Not only was the headline positive about the local market, but it also used local stats.

But I can always poke a whole in their analysis.They do mention that they’re not really talking about Vinings, but rather the 30339 zip code. But that is the last time in the article that they mention this. The article mentions that home prices increased 57% and the number of units sold increased by 21.5%. But the majority of the article tried to hone in on the mystique of Vinings, the allure of Vinings and why it was kicking real estate butt when much of the Atlanta market was down.

In reality, they covered an area much larger than “true” Vinings according to the Vinings Homeowners Association. It was more the general concept of Vinings, that also includes the Cumberland and Wildwood areas of 30339 while also excluding the portion of Vinings that is in the 30080 zip code.

According to the Vinings Homeowners Association, “the northern-most part of Vinings is that area along and south of Stillhouse Road and Ranch Road, west of Cobb Parkway, and east of the railroad tracks. Vinings then includes all of the residential areas in Cobb County down to the Chattahoochee River, and then to the west up to the railroad tracks and then across to include all of the homeowners along Log Cabin Drive between Plant Atkinson Road and Cameron Place“, which is depicted in the shaded area of the following map:

View Larger Map
Given the fact that true Vinings is actually a pretty small area that doesn’t tend to have any new construction, thus making it difficult to have a huge surge in home sales or home prices, I ran the statistics from the First Multiple Listing Service for the actual neighborhoods in Vinings. What I found was that home and condo sales decreased by 6% from 2006 to 2007 and prices decreased 14% on average. This is a stark contrast from the AJC which stated home sales increased 21.5% and prices increased 57%.

The neighborhoods included in “Vinings” as defined by the HOA are:

So what does this mean and why as your local real estate guru am I telling you this?

I simply want you to be aware that Vinings by itself is not immune to the current real estate market as much as the AJC led people to believe. Their statistics were heavily affected not by traditional resales, but by new construction in the Vinings area defined as 30339, with much of the positive impact coming from the wildly popular One Vinings Mountain and other new neighborhoods such as Rivers Call at Wildwood, Greystone at Vinings, Riverwalk at Wildwood, Flats at Riverwalk and Vinings Overlook.

I guess what is most important to realize is if you really want to know what is going on in the local Smyrna Vinings real estate market, ask your trusted local real estate advisor. They certainly understand the local market better than anyone at the national or metro levels.

Technorati Tags: Vinings Real Estate, Wildwood Homes, Cumberland Homes, Vinings Homes for Sale

[where: 30339]

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The Aberdeen is next up on our tour of Vinings developments. Unlike Vinings Main and Avignon at Vinings, The Aberdeen has no homes or townhomes. But it will certainly have some amazing views. You see, The Aberdeen is a high-rise condominium that will tower over the other two developments and have wonderful views of the Atlanta skyline.

The location of the Aberdeen offers the ability to walk to the historic Vinings Village district, while also having convenient access to the interstate. There will be a total of 56 units, including 2 and 3 bedroom units and fourteen penthouse homes. Originally, the 12-story Vinings luxury condominium was to have 66 units and only seven penthouses, but demand for penthouses and larger units have resulted in the changes.

The Aberdeen will offer luxurious finishes and fabulous views of the Atlanta skyline. The development’s ground-breaking was on May 10, 2007, with completion set for mid- 2009. Amenities in the Aberdeen in the Vinings will include a pool and jacuzzi, clubroom, putting green, bocce court, fitness room, wine cellar, 24-hour security and concierge services and a gated entrance.

The Aberdeen condos for sale will range from $750,000 to over $2 million. And with the luxury high-condo One Vinings Mountain quickly selling, there is definitely a demand for this type of property in the Vinings Village.

If you have any further questions about the The Aberdeen project or any other Smyrna Vinings developments, feel free to contact us. Should you want to purchase real estate in the Smyrna Vinings community, we would be glad to assist you.

Technorati Tags: The Aberdeen, Smyrna Vinings, Vinings condominiums, Vinings townhomes, Vinings new construction, Historic Vinings, Smyrna Vinings Neighborhoods

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