ATLANTA, GA– 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 (lower right photo). “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.
For more information about Castleberry Point Condominiums, contact Mike or LaCressa in the sales center at 404-688-9900 or visit http://www.castleberrypoint.com/.
For More Information, Contact:
Liz Lapidus Public Relations
Liz Lapidus/Kate Thacker
404-688-1466
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