Surprise, surprise, but the top-selling new condo community across Atlanta isn’t a gleaming Midtown tower or angular Buckhead mid-rise.
Instead, it’s a growing hub of four-story buildings along the southern, formerly industrial fringes of Grant Park—a project that’s sold the most new intown condos for two years in a row.
That’s according to real estate consulting firm Haddow & Company, which also found The Providence Group’s Pratt Stacks development was the top-selling condo venture of 2019.
With the BeltLine's Southside Trail corridor as its southern border, Pratt Stacks has finished or launched construction on most areas depicted across the property here. Courtesy of Pratt Stacks/Providence Group
Pratts Stacks closed 20 condos in the second half of pandemic-ravaged 2020, and in the first few weeks of this year had sold seven more homes with 22 pending, according to findings published last month.
In March last year, about five months after its initial marketing push, Pratt Stacks had sold nearly half of the 132 condos eventually planned across 14 buildings.
Chris Hall, a Haddow & Company managing partner, attributed sales to “quality product” next door to The Beacon and alongside the future BeltLine Southside Trail, plus an “attainable price point.”
Looking west, toward The Beacon. Josh Green/Urbanize Atlanta
Beacon retailers and restaurants face the condo site. Josh Green/Urbanize Atlanta
The popularity means that prices—especially at the entry level—have been rising like the community itself.
Pratt Stacks condos began in the high $300,000s just before the pandemic but now start at $459,900. The smallest units listed are 1,318 square feet with two bedrooms and two bathrooms.
Meanwhile, one plan called The Brookhaven listed on the property’s marketing page is asking $750,900. That’s the largest option available at three bedrooms and two and 1/2 bathrooms in 2,236 square feet.
All units have one-car garages.
Collectively, it’s the largest condo venture south of Interstate 20 in years, and the biggest in the immediate area since the hilltop condo community from 2006 at 1195 Milton Terrace SE in Chosewood Park next door.
The developer's interpretation of how the community is expected to meet the BeltLine's Southside Trail in coming years. Courtesy of Pratt Stacks/The Providence Group
According to The Providence Group, more than 80 Pratt Stacks condos have sold overall. The same builder is behind the new Views on Ponce townhouses near Ponce City Market and the townhome component at the $40-million Westside Village.
Earlier this week, we reached out asking Providence Group reps for a construction and sales update in Grant Park, and we’ll post any details that come through. Meanwhile, have a look in the gallery at where things stand today.
• Officials: BeltLine's Southside Trail to launch new construction early next year (Urbanize Atlanta)
