New condo tower sets Midtown sales record

Author: Atlanta Agent Magazine

The recent sale of a new Midtown condominium set a new record for price per square foot.

According to Engel & Völkers Atlanta, the residence at 40 West 12th sold for $2.8 million, or more than $1,000 per square foot — $200,000 over the asking price. The condo building is part of the 1105 West Peachtree mixed-use development, which is offering 64 for-sale residences priced from $1.1 million to $2.6 million and above. The property is being co-developed by Selig Development, a division of Selig Enterprises, and Rockefeller Group, which was founded in 1928 to develop Rockefeller Center in New York City.

The 2,547-square-feet unit, residence #1905, includes three bedrooms and three bathrooms and is “defined by understated luxury and high-quality finishes,” according to Engel & Völkers, which is handling sales at the property. The residence has an open floor plan and floor-to-ceiling windows.

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