For this edition of Unsung Atlanta Condo Buildings in Interesting Places that Just Might Still Qualify as Affordable, we head to the eastern fringes of downtown, near Piedmont Avenue and the border of Old Fourth Ward.
That’s where we find the 16-story Renaissance Lofts, a 1974 former office building (now with a snazzy grey-white paint scheme) that was converted to 186 residential units in time for the Centennial Olympic Games.
The least expensive condo on the market right now at the 120 Ralph McGill Boulevard mid-rise sports a reduced price tag of $205,000—and enough upgrades to qualify as “beautiful,” per the listing.
Unit 314 might not be appropriate for families (or catty couples), but it could represent a foot in the door for downtown homeownership, and it lives large for having just 551 square feet. That’s thanks to 11-foot ceilings, a lack of traditional walls, and a bright-white paint scheme.
It listed back in late April for $215,000 and was discounted by $10,000 earlier this month. That makes it the cheapest active listing in the building by $80,000—but also, not surprisingly, the smallest.
Thoroughly remodeled (see: quartz countertops, built-in shelving, customized California closets), the condo is classified as a one-bedroom with one full bathroom. The floor-to-ceiling windows do allow for a healthy dose of natural light, in addition to downtown views.
The HOA fees of $279 per month aren’t exactly wince-worthy, as one might expect with such a price point. Additional perks include 24-hour security, a deeded garage parking spot, visitor parking, and a smart lock system operable with smartphones.
This particular condo last traded in 2018 for a scant $123,000, according to sales records.
The building’s amenities include a sizable gym, business center, conference rooms, EV chargers, an onsite property manager, and what’s described as an Olympic-sized pool. The lack of balconies is a knock in Atlanta, but there’s only so much you can feasibly do with a 1970s office building.
• Recent downtown news, discussion (Urbanize Atlanta)