With the uncertainty of today’s stock market and inflation continuing to impact the national economy, there’s a silver lining on the horizon for Atlanta real estate investors. The National Realtor’s Association recently projected Atlanta as the top residential market in the country for 2023. The luxury segment of the market continues to enjoy a robust outlook. In spite of the good news, there’s yet another proven strategy that’s paying dividends for luxury high-rise buyers.
Typical condominium construction projects take nearly two years to construct from the time the first shovel breaks ground. Developers recognize the need to gain early buy-in from the market and offer the best pricing and incentives early in the construction process. As each construction milestone is reached, price increases are triggered, creating incremental value for the homebuyer throughout the build. At the time of completion, homebuyers who make the decision early often reap the biggest rewards driven by high demand, limited inventory and increased values.
Kolter Urban, the developer of The Dillon Buckhead has an impressive track record of success that has garnered a loyal following throughout the Southeast. Time and time again, early buyers not only select their favorite floorplan and views, but have the ability to select the interior finishes that meet their personal style. For those who wait, the development team makes the selections and inventory is delivered “as is” rather than “as you like.” Kolter Urban"s in-depth understanding of market dynamics, prime locations and building design have led to considerable appreciation for buyers willing to make this timely decision. The data below demonstrates the significant gains achieved at prior Kolter Urban properties.
The ability to defer delivery of the residence for two years only adds to the community’s growth potential. As a leader in the market, Kolter Urban also recognizes the concern of lost income potential on funds placed into deposit with the developer. At The Dillon Buckhead, Kolter Urban is paying 4% interest on deposits to homebuyers during the construction phase, creating added value at the future closing. It’s a winning combination that’s proven compelling to future residents.
By the time luxury condominiums reach completion, the interior selections have been made by early buyers or the development team. This important milestone occurs in the initial stages of construction, as interior finishes and materials are ordered in advance to meet delivery timelines. That means waiting to make a purchase decision takes away your ability to make the interior finish decisions. Preselected interior finishes and secondary locations within the building significantly limit your options, if any remain at all. Early buyers, however, can thoughtfully choose their future home. Do they prefer corner residences or wish to have a certain view? Chances are good, but not for long.
New luxury condominiums are being designed to meet market trends and provide services and amenities in demand. They are also focused on creating efficient and sustainable communities designed for the future. Built with the latest advances in construction materials, the newest technological features, and state-of-the-art appliances, future residents can rest assured they will enjoy a unique market position.
While there are numerous benefits to buying pre-construction, most condominiums see their highest demand once the residences are completed. In Buckhead, Atlanta, The Dillon is the only new for-sale property under development in 2023, ensuring its unique position upon delivery in 2024. Scarcity of new condominium inventory will also impact potential pricing appreciation. Homebuyers seeking instant gratification will likely pay more to do so.
The recent Market Report from the National Association of Realtors gave many reasons for naming Atlanta, Georgia as the nation’s top housing market in 2023. A unique combination of a robust job environment, a growing population, and a desirable walkable lifestyle have led to a surge in demand for this metropolitan and its surrounding suburbs. With demand at an all-time high and inventory low, home prices are forecasted to increase by more than the national average.
Kolter Urban is perfectly positioned for the Atlanta market surge with its second residential offering in Buckhead, The Dillon. With vertical construction now underway, it’s prime time for homebuyers to take advantage of initial pricing starting in the $800,000s.
The Dillon Buckhead’s highly serviced and secure lifestyle delivers an elevated peace of mind. A fully staffed lobby, valet service, and an abundance of luxury amenities and conveniences will set a new standard of excellence at this luxurious private address. 144 one- to three-bedroom residences feature lofty 10’ to 13’ ceiling heights, floor-to-ceiling walls of glass, and expansive private terraces to create airy interiors bathed in natural light. This thoughtfully designed building provides residents access to all of life’s conveniences, including a desirable lock-and-leave lifestyle.
A host of resort-style amenities will also be provided for resident convenience and enjoyment. As residents arrive home to the dramatic porte-cochere entrance, they are greeted by the private valet or welcomed into three levels of secured private garage parking. Inside, round-the-clock concierge is ready to assist with any need. A theater room, game simulator room, speakeasy lounge, and multiple guest suites ensure entertainment for any resident or guest, while The Hub offers a versatile work-from-home space for business professionals. Just above the treetop level, a fourth-floor Amenity Terrace offers even more to enjoy, including a resort-style swim deck, a state-of-the-art fitness center, a pickleball court, an event lawn, and a dog park.
To learn more about The Dillon’s new developer incentives, Kolter Urban’s development history or to stay updated on the construction progress, visit TheDillonBuckhead.com, or contact the Sales Team at 404-777-6259. The Sales Preview Gallery is now open at 2395 Peachtree Road, Atlanta, GA 30305.