Will Intown Condo Values be Reset at Much Lower Prices
In a blog article posted yesterday on the Atlanta Business Chronicle website, Doug Sams stated that Starwood Capital Group’s recent purchase of the foreclosed Brookwood condo tower in Buckhead will likely result in a resetting of intown condo prices at a much lower amount. The sale price was approximately 35 to 40% of the original loan amount and as there are numerous other condo towers in financial trouble as well we could see a drastic drop in condo prices if more foreclosures occur.
A copy of the blog post can be found at
http://atlanta.bizjournals.com/atlanta/blog/2010/01/intown_condo_values_resetting.html?surround=lfn
New Coke Machines
There’s a new Coke machine coming soon. Don’t worry, this doesn’t mean that “New Coke” is coming back. In conjunction with Plexus Corporation, the Coca-Cola Company is developing the “Freestyle” beverage dispenser. The machine will be equipped with the capability of dispensing up to 100 different types of drinks including numerous varieties of soft drinks, water, tea and energy drinks. Significant production will not begin until mid to late this year but hopefully we’ll start to see some of the machines before too long.
Happy New Year!
Well, better late than never. Happy New Year Buckhead! Here’s to a better 2010 than 2009.
New Buckhead Bar and Restaurant
Buckhead has a new bar and restaurant. Tavern 99, which is located at 128 East Andrews Drive, Atlanta, GA 30305, is open for business. A casual place, Tavern has a large patio with frequent live music. Come on out and enjoy one of the 27 beers on tap.
Georgia School Finishes 8th in USA Today Poll
Congratulations to Camden County High School of Kingsland, Georgia. The 5A state champion finished the year ranked 8th in the USA Today national poll. The perennial football powerhouse was the only Georgia school ranked in the poll. The top three teams were Don Bosco Prep in Ramsey, NJ, Abilene High School (Texas) and Highlands High School in Fort Thomas, Kentucky.
