ATLANTA, GA – Despite an overall sluggish residential sales market regionally, Cousins Properties has sold 110 units at 10 Terminus Place (top left photo) from September 2009 to September 2010. Only eight units remain.
According to independent data provided by SmartNumbers, this fast pace of sales in the 32-story luxury condominium tower has earned 10 Terminus Place the top spot among new condo sales, when ranked by volume. In 2010, sales volume at 10 Terminus totals more than $16.9 million, an average of $414,029 per unit.
Closed contracts in 2010 have ranged from $180,000 to $1.26 million, a range that highlights the perfect blend of units offered at 10 Terminus Place and is unmatched in the market.
“The positive response to the values at 10 Terminus Place is encouraging,” said Cousins President and CEO Larry Gellerstedt (middle right photo).
“While an excess amount of inventory continues to weigh on the Atlanta housing market, this is the most positive sign we’ve seen in this environment.
“While an excess amount of inventory continues to weigh on the Atlanta housing market, this is the most positive sign we’ve seen in this environment.
“With just eight units left to sell, Cousins has proven that we can work with buyers to close sales and that 10 Terminus Place provides the quality intown home at a price point that can motivate buyers.”
Gellerstedt said 10 Terminus Place is unmatched in the Atlanta market for high-quality finishes, strong backing by the developer and large floor plans.
The luxury tower is located at the intersection of Peachtree and Piedmont roads in Buckhead.
The luxury tower is located at the intersection of Peachtree and Piedmont roads in Buckhead.
10 Terminus Place buyers have included young professionals, second home buyers, full-time residents and empty nesters.
“One of the positive differences we’re seeing in this market is that there are very few investors buying condos,” Gellerstedt said. “This provides confidence for every buyer that 10 Terminus Place will have long-term stability and a strong sense of community.”
Contact: Bryan Long, Jackson Spalding, (404) 724-2501; blong@jacksonspalding.com
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