Wednesday, July 23, 2014

IStar Residential Brings in the City’s Highest Volume of Sales at The Residences at Mandarin Oriental Atlanta


Karen Rodriguez
 ATLANTA, GA (July 23, 2014) – iStar Residential, a division of iStar Financial Inc. (NYSE: STAR), is pleased to announce nearly $16 million in sales in the first two quarters of 2014, more than any other residence building in Atlanta. 

Three additional residences are under construction and the sales will close this fall.

“The Residences at Mandarin Oriental, Atlanta are surpassing every other luxury residence property in the market in the number and velocity of sales, as well as price per square foot,” said John Kubicko, senior vice president for iStar Financial.

“It’s truly unlike any other luxury residence building in the city. Both local and international buyers are expressing interest in The Residences, and are ultimately choosing to live here.”

 After a period of time with little sales activity, The Residences are now in high demand as a result of the new sales and marketing team Karen Rodriguez, associate broker for Dorsey Alston Realtors, has put in place.

Armed with fresh ideas, new messaging and a new direction for the project, Rodriguez and her team have transformed The Residences into one of the most sought-after luxury residence buildings in the city.

John Kubicko
 “We were confident that once we implemented our strategy the project would be a success,” said Rodriguez, who successfully sold out the $100 million Ritz-Carlton Residences project before joining The Residences at Mandarin Oriental, Atlanta.

 “My team has a proven track record and we were ecstatic to be able to come in and do what we do best, which is sell luxury high condominiums for top dollar in the shortest amount of time possible.”

 The sales figures and renewed interest have also led to The Residences taking back five floors that were intended for hotel use. Plans have been approved and construction is already underway for the 10 additional residences.

 Each floor features a maximum of two residences, offering ultimate privacy and security for homeowners. Residences range from 3,000 square feet to 5,100 square feet for a full floor.

“We are excited at how quickly the Atlanta market reacted to the new direction of the property,” Rodriguez added. “We are selling them almost faster than we can build them, which is a good problem to have.”

Between the fresh contemporary interiors and huge expansive open floor plans designed by Harrison Design, The Residences at Mandarin Oriental, Atlanta have distinguished themselves from the traditional and more typical interiors found in most surrounding buildings. 

The Residences at Mandarin Atlanta
Featuring modern designs, high quality finishes and access to the hotel’s five-star amenities, the luxury property is on track to remain Atlanta’s top selling residence building.

For a complete copy of the company’s news release, please contact:

Tony Wilbert
The Wilbert Group
Tel: 404-965-5022


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