Thursday, February 5, 2009

The Lakes at Vinings in Georgia Up for Sale at $34M

ATLANTA, GA-- Engler Financial Group presents The Lakes at Vinings, (top right photo) a 464-unit garden-style apartment community located in the heart of historic downtown Vinings, Atlanta, Georgia.

The Lakes at Vinings is offered at $34,000,000 and represents an exceptional “value add” and/or redevelopment opportunity in one of Atlanta’s most affluent and desirable neighborhoods.

The Lakes at Vinings offers an unparalleled location in the heart of historic downtown Vinings, one of Atlanta’s most charming and upscale neighborhoods.

Demographics within a one-mile radius of The Lakes at Vinings are some of Atlanta’s highest with an average household income of $92,619 per year and an average home value of $430,702.

All major office submarkets including Downtown (18.0 msf), Midtown (13.0 msf), Cumberland Galleria (18.0 msf), Buckhead (13.1 msf), and Central Perimeter (21.6 msf) are within a 15-minute commute of Vinings.

Adjacent to The Lakes at Vinings site, Wood Partners and The Columns Group are building Vinings Main, a 16-acre mixed-use development that includes 229 residential units ($300,000 - $1 million+), 30,000 square feet of office, and 20,000 square feet of retail.

Kairos Development is building Avignon at Vinings a 172-unit development of condos, townhomes, and single family homes with prices from $375,000 to over $1.25 million.
TAZ Anderson Realty is under construction on a 55 unit hi-rise condominium development adjacent to Lakes at Vinings.

Prices for the development are well in excess of $1 million.
One Vinings Mountain, an upscale 156-unit high-rise condominium recently sold out at prices ranging from $300,000 to over $1.8 million.

If you have any questions or would like to schedule a tour of The Lakes at Vinings, please contact

Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com

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