CASTLEBERRY POINT ANNOUNCES NEW BELOW-MARKET PRICING | Real Estate
ATLANTA (November 22, 2011) – Miller Gallman, the developer of Castleberry Point, located in historic Castleberry Hill, has drastically reduced pricing on studios, one- and two-bedroom homes in order to sell out by the end of 2011. The mixed-use, flat-iron development combines the best of urban design with the neighborhood’s historic industrial character in a bustling community of art galleries, restaurants and shops.
“Our new pricing makes living in this vibrant arts district more accessible to potential homebuyers,” says Miller Gallman developer Jerry Miller. “The value now available at Castleberry Point sets a precedent for new construction homes in this sought-after downtown neighborhood.”
Wells Fargo had the opportunity to take over the property, but knew Miller Gallman’s long-time connection to the neighborhood and to these condos, made the developer best suited to close out sales of these homes. Wells Fargo has accepted Miller Gallman’s counsel to increase velocity by finding the bottom of the market.
When the mixed-use development at the gateway to Castleberry Hill first broke ground in 2006, pricing ranged from $160s to the $700s. Today, new pricing finds one remaining studio priced at $68,900, one-bedroom homes beginning at $100,900 and two-bedroom homes beginning at $155,900, with FHA financing and down payment assistance available.
Castleberry Point homes boast unparalleled features and amenities, including soaring windows, granite counter tops, stainless steel appliances, kitchen islands, master baths with separate tubs and enclosed showers, spacious balconies, a rooftop deck with skyline views, a rooftop pool and fitness center, an open-air courtyard and controlled-access parking.
Castleberry Point is at the epicenter of Atlanta’s only true art and loft district, Castleberry Hill, at the edge of Downtown and Midtown with Downtown Atlanta a short walk and Midtown less than three miles away. Less than a mile from CNN Center and Phillips Arena, Castleberry Hill is an ideal neighborhood for urban dwellers longing for a true community.
For more information about Castleberry Point Condominiums, contact Mike or LaCressa in the sales center at 404-688-9900 or visit www.castleberrypoint.com.
Miller Gallman Developers, LLC, has compiled an impressive track record for its historic rehabilitation of multi-family communities, neighborhood in-fill projects and new construction venues. The company has developed nearly the entire city block of Glen Iris next to City Hall East, including the Glen Iris Lofts, Troy-Peerless Lofts and Ponce Springs Lofts. In addition, Miller Gallman developed A&P Lofts, Whitehall Mill in Athens, Flowers Building in Columbus, Lofts on the Square in Covington as well as Swift & Company, West Lumber Lofts, 330 Peters St., Castleberry Row, and Fair & Walker Lofts – all in Castleberry Hill.