District Lofts | Investment Opportunities

Page 1

260 18TH ST NW, ATLANTA, GA 30363

DISTRICTLOFTS@EVATLANTA.COM



EXPECT MORE. 2 BEDROOMS FROM $374,900 3 BEDROOMS FROM THE HIGH $500,000'S District Lofts represents a unique opportunity to own and live perched atop Atlantic Station’s vibrant, diverse, and experiential neighborhood located in sought after West Midtown. Here at District Lofts, enjoy convenient access to Midtown’s preeminent entertainment district which includes over 50 unique restaurants and retail in a truly walkable, work-live-play community with renowned enclaves of culture and entertainment right at your fingertips. District Lofts embodies superior modernity, high design and timeless interiors for a truly upscale, authentic loft design.


URBAN INDUSTRIAL MEETS MODERN CHIC


District Lofts homes offer nothing less than superior modern living.


KITCHEN GE Stainless Steel Appliances Undermount Stainless Steel Kitchen Sink Wood Shaker Style Cabinets with Soft Close Drawers & Doors Professional Grade Pull Down Kitchen Faucet Chic Silestone Quartz Countertops Classic Brick Lay Tile Backsplash High-Performance Luxury Plank Flooring




BATH Freestanding Soaking Tub Frameless Glass Shower Enclosure Double Sink Vanity in Master Chic Silestone Quartz Countertops Chrome Sink & Shower Fixture Wood Shaker Style Cabinets with Soft Close Drawers & Doors Stylish Tile Shower Surround in Master Sleek Porcelain Tile Flooring Recessed Waterproof LED Cans


INTERIOR Soaring 22 ft. Ceilings Industrial Barn Doors 2� Classic White Blinds Smart Thermostats Click and Go Lock with Smart Phone Access High Performance Luxury Plank Flooring in Master Bedroom Plush Carpet in Guest Bedroom



2 BEDROOMS

11% LARGER

THAN MARKET AVERAGE

District Lofts: 1,264 SF Overall Market Average: 1,140 SF

Source: FMLS Areas 22, 23 & 24 priced under $650K. April 2019.



OVERALL AVERAGE LIST PRICE OF 2 BEDROOMS


43% LESS THAN J5

30% LESS THAN 788 WEST MIDTOWN

$447,273

DISTRICT LOFTS $640,780

788 WEST MIDTOWN $783,847

Source: FMLS Areas 22, 23 & 24 priced under $650K. April 2019.

J5


3 BEDROOMS

40% LARGER

THAN MARKET AVERAGE

District Lofts: 2,088 SF Overall Market Average: 1,496 SF

Source: FMLS Areas 22, 23 & 24 priced under $650K. April 2019.



OVERALL AVERAGE LIST PRICE OF 3 BEDROOMS


31% LESS THAN 788 WEST MIDTOWN

$640,000

DISTRICT LOFTS $927,145

788 WEST MIDTOWN

Source: FMLS Areas 22, 23 & 24 priced under $650K. April 2019.


INVESTOR OPPORTUNITIES

CURRENTLY LEASED DISTRICT LOFTS HOMES


Unit Number

10318

Square Footage

1094

Floorplan

B1A

Rent

$1,920

Price

$369,000

Seller’s Contribution

$4,224.72

Percent Return on Seller’s Contribution

5% return*

Net Price After Seller’s Contribution

$364,799

Unit Number

10328

Square Footage

1094

Floorplan

B1B

Rent

$1,958

Price

$369,000

Seller’s Contribution

$4,224.72

Percent Return on Seller’s Contribution

5% return*

Net Price After Seller’s Contribution

$364,799

Unit Number

10325

Square Footage

1608

Floorplan

B4B

Rent

$2,565

Price

$424,900

Seller’s Contribution

$6,209.64

Percent Return on Seller’s Contribution

6% return*

Net Price After Seller’s Contribution

$418,725

Subject to change at any point in time. Deemed accurate but not guaranteed. *Based on a cash purchase price with one year of HOA dues paid by seller at closing.


2

ATLANTIC STATION THE NEIGHBORHOOD 16TH STREET NW

Life at Atlantic Station offers a truly dynamic and highly walkable 24/7 dine-shoplive-work-play neighborhood standing at the gateway to the city’s arts and cultural destinations of Midtown and Atlanta’s resurgent Westside district. The unique opportunity to own at District Lofts is complimented with over 50 unique restaurants and retail destinations at the tip of your fingers. Experience all that Atlantic Station has to offer from your doorstep, and begin to expect more each and every day.


Westside Provisions

DISTRICT

Schools 1 SCAD Atlanta 2 Georgia Tech

Grocery

1

3

1 Publix

2

2 Target

2

Dining 1 Allora

S TAT E S T N W

2 Atlantic Grill

1

3 BGR The Burger Join 4 California Pizza Kitchen

8

5 GYU-Kaku Japanese BBQ

13 1 AT L A N T I C

1 DR

9 7

5

10 Yard House

2 4

Shopping

1 1

E D I S T R I C T AV E

6

8

1 Athleta

MIDTOWN ARTS DISTRICT

W D I S T R I C T AV E

19TH ST NW

1 7 T H 1/ 2 S T N W

12

18TH ST NW

2

1

8 Starbucks 9 The Pig and the Pearl

10

7

11

6 Land of a Thousand Hills 7 Salata

9 3

6

10

MARKET ST NW

4

5

2 Banana Republic 3 Dillard’s 4 DSW Shoe Warehouse 5 Express 6 Fab’rik 7 Francesca’s 8 H&M 9 JoS. A Bank 10 Ann Taylor Loft

17TH STREET NW

2

11 Pandora

3

12 Victoria’s Secret 13 Z Gallerie

2

Hotels 1 Twelve Midtown

2

2 Embassy Suites Hotel Offices 1 T3 West Midtown

75

2 Atlantic Yards Entertainment 1 Regal Cinemas 2 Bodies The Exhibition 3 Millennium Gate Museum Fitness 1 LA Fitness

85

75 S

D CA

Y WA

N

W

1



11 MILLION

visitors come to Atlantic Station annually

#4

most-visted tourist attraction in Atlanta

30363

A project so big, it has its own zip code

66,000+

area university student population within miles

578,000+

vehicles pass Atlantic Station every day

280,000+

daytime office population of Atlantic Station

138

walkable acres of mixed-use spaces in an urban setting

Source: Atlantic Station | Hines


LOCATION

location

WHERE IT ALL MEETS IN THE MIDDLE Ideally located at the confluence of I-75 and I-85 along Atlanta’s Downtown Connector, Atlantic Station sits in a prominent position as the hub of the fast-changing Midtown district. WHERE IT ALL MEETS IN THE MIDDLE Proximate to the growing West side, the Georgia Tech campus, and the Ideally located at the confluence of I-75 and I-85 along Atlanta’s Downtown regions’ cultural and corporate hubs, Connector, Atlantic Station sits in a prominent position as the hub of the fastchanging Midtown district. Proximate to the growing West side, the Georgia Tech campus, and the regions’ cultural and corporate hubs, Atlantic Station serves a Atlantic Station serves a diverse and diverse and affluent clientele on multiple fronts. affluent clientele on multiple fronts.


400 75

BUCKHEAD

85

WESTSIDE

285

ATLANTIC STATION

MIDTOWN

DOWNTOWN

285 DECATUR

20 WEST END

85

GRANT PARK

75

Source: Atlantic Station | Hines ATLANTIC STATION / 8


location L YARDHOUSE THE PIG & THE PEARL

TARGET

PUBLIX

MONDAY NIGHT BREWING URBAN TREE CIDERY

FAB’RIK ATHL

ATLANTIC STATION

WEST ELM

THE FOUNDRY PARK STATE ST

18TH ST

THE LOF P

SEVENTEEN WEST APTS.

TWELVE HOTEL & RESIDENCE FUTURE HOTEL & RESIDENCE

17TH ST

17TH ST

DESIGN WITHIN REACH WARBY PARKER JCT. KITCHEN

ANTHROPOLOGIE BUNGALOW CLASSIC

NORTHSIDE DR

HOWELL MILL RD

WESTSIDE

THE ATLANTIC

MILLENIUM GATE

SEVENTEEN WEST APTS.

ELEMENT

ATLANTA WATER WORKS RESERVOIR

CHICK

FUTURE HOTEL & RESIDENCE

THE ART FOUNDRY

IKEA

WALTON WESTSIDE LITTLE TROUBLE J.CREW KNOLL

WESTSIDE PROVISIONS DISTRICT

WESTSIDE APTS. COOKS & SOLDIERS

WEST EGG CAFE DIXON RYE UPBEET

Dining + Design

T 14TH S

AS

O-KU BARCELONA WINE BAR

ATL

WESTSIDE LA FONDA LATINA

MILLER UNION THE PAINTED DUCK

THE OPTIMIST

1016 LOFTS

WESTSIDE CULTURAL ARTS CENTER

BOCADO

The destination for progressive dining and shopping

10TH ST

ATLANTIC STATION WHERE IT ALL MEETS IN THE MIDDLE Retail + Recreation Amenities + Access Dining + Design Culture + Commerce

OCTANE THE MERCHANT BARTACO LE FAT

M A R K E T S TAT S - M I D T O W N AT L A N TA •

Georgia Tech—ranked 4th in the nation (tied with CalTech) for engineering schools – is a hotbed of

8,700 residential units proposed or under construction mean that Midtown is increasingly becomin


CENTRAL PARK

FTS

H&M

P

EXPRESS

ATLANTIC STATION

DOWNTOWN CONNECTOR

K-A-BIDDY LAND OF A THOUSAND HILLS

NORTHSIDE DR

P

LETA ROSA MEXICANO M

HOWELL MILL RD

I-75 / I-85 N

REGAL CINEMAS

5

I-

I -7

A FITNESS

85

BUCKHEAD

17TH ST

WESTSIDE

14TH ST

GEORGIA TECH

MIDTOWN 10TH ST

DILLARD’S

PE A

ATLANTIC STATION SHUTTLE ROUTE

CH T

17TH ST

REE STR

17TH ST

EE T

MARKET ST

ATLANTIC

MUSEUM OF DESIGN ATLANTA

HIGH MUSEUM OF ART

YARDS

Culture + Commerce

WOODRUFF ARTS CENTER

M

16TH ST FOWLER ST NW

ARTS CENTER

FLYWHEEL 14TH ST

DOWNTOWN CONNECTOR

ATL

MIDTOWN Atlanta’s Central Business District

ARTS CENTER

WHOLE FOODS

FOUR SEASONS

THE OCEANAIRE STK ATLANTA

MIDTOWN

PIEDMONT PARK

LOEWS ATLANTA

MIDTOWN MILE

EMPIRE STATE SOUTH

10TH ST

I-75 / I-85 S

M

HUDSON GRILLE

MIDTOWN VORTEX

THE VARSITY

THE FOX THEATRE

THE GEORGIAN TERRACE

RESTAURANT

PROOF & PROVISION

ENTERTAINMENT

RETAIL

RESIDENCES/HOTEL

PARKS

N

PIN KEY

talent that lives and works near the campus, just to the south of Atlantic Station

ng not just a commercial hub, but a residential hub as well

Source: Atlantic Station | Hines


HIGHWAY ACCESS TO I-75

BIKE LANES

HIGHWAY ACCESS TO I-75/I-85

SHUTTLE TO ART CENTER MARTA STATION

HIGHWAY ACCESS POINT

THE FOUN

GREENSPACE W

TH 18

.N ST

STATE ST. NW

NORTHSIDE DR. NW

MAP KEY

75

HIGHWAY ACCESS TO I-75

W

N ST.

STATE ST. NW

H 17T

NORTHSIDE DR. NW

UNPARALLELED ACCESS

75

• Convenient to those driving, biking, walking or taking public transit, Atlantic Station’s range of choices appeal to a diverse cross-section of customers.

U N PA R A L L E L E D A C C E S S

• Few mixed-use environments of this scale can simultaneously serve all segments with such convenience.

Convenient to those driving, biking, walking

Few mixed-use environments of this scale c


20TH ST. NW

75 85 19TH ST. NW

75

CENTRAL PARK

NDRY PARK

NW ST. LER W FO

17 1/2 TH ST. NW

MARKET ST. NW

ATLANTIC DR. NW

18TH ST. NW

17TH ST. NW

17TH ST. NW

AT L A N T I C YA R D S

FOWLER ST. NW

BARNES ST. NW

HOLLY ST. NW

FRANCIS ST. NW

ATLANTIC DR. NW

16TH ST. NW

DIRECT HIGHWAY ACCESS AT 14TH ST.

85

75

g or taking public transit, Atlantic Station’s range of choices appeal to a diver Source: Atlantic Station | Hines

can simultaneously serve all segments with such convenience


MAP KEY PARKING DECK ENTRANCE

PARKING DECK BELOW STREET LEVEL

TESLA SUPERCHARGE STATION

GREENSPACE

NORTHSIDE DR. NW

THE FOUN

W

TH 18

.N ST

STATE ST. NW

P

W

T. N HS

STATE ST. NW

17T

NORTHSIDE DR. NW

PARKING & COMMUTER READY

TESLA SU ACCESS BEL

• More than 7000 parking spaces in a two-level, platform-style deck, with 200 additional surface spaces

PA R K I N G

• Tesla Supercharge stations: Largest cluster of e-vehicle charging stations in the metro area

More than 7000 parking spaces in a two-level, platform-style d

• First 2 hours free, rate after that. Valet available

Supercharge • • Lyft Tesla partnership - dedicated stations: pickup

Largest cluster of e-vehicle charg


20TH ST. NW

P

85 19TH ST. NW

75

CENTRAL PARK

UPERCHARGE LOW STREET LEVEL

P

NDRY PARK

17TH ST. NW

PARKING ACCESS BELOW STREET LEVEL

P

NW ST.

17 1/2 TH ST. NW

P

LER FOW

P

MARKET ST. NW

ATLANTIC DR. NW

18TH ST. NW

17TH ST. NW

P

P

AT L A N T I C YA R D S

P

FOWLER ST. NW

BARNES ST. NW

HOLLY ST. NW

FRANCIS ST. NW

ATLANTIC DR. NW

16TH ST. NW

85

75

• A convenient, well-utilized shuttle runs from Atlantic Station to the Arts Center MARTA station for 20 hours each day. Riders can track the shuttle using a provided app for the 6-minute commute

C O M M U T E R R E A DY

• Direct access to the highway via I-75/I-85 with an alternative route via the Downtown Connector surface spaces deck, with 200 additional • Lyft partnership • 17th street access to get to the westside

ging stations in the metro area

- dedicated picku

A convenient, well-utilized shuttle Source: Atlantic Station | Hines hours each day. Riders can track t


DINING

Atlantic Station is home to more than a dozen food options, including Yardhouse, California Pizza Kitchen, Salata, and local favorites like Allora, Chick-a-Bitty and Pig & Pearl. New additions will include Hob Nob, Nitro Coffee Bar, SriThai and others to be announced. Atlantic Station’s culturally diverse dining options attract those seeking a casual lunch or a formal dinner any day of the week.



YARD HOUSE

ATLANTI

THE PIG AND THE PEARL

BGR THE BURGER JOINT

ALLORA

STARBUCKS

RESTAURANTS WITHIN

walking distance


IC GRILL CHICK-A-BIDDY

CALIFORNIA PIZZA KITCHEN

GYU-KAKU

PARIS BISTRO NO 7

BILT COFFEE

LAND OF A THOUSAND HILLS


WELLNESS

Experience wellness at Atlantic Station through the variety of health and fitness offerings. Yoga on the green offers neighborhood visitors the opportunity to enjoy company and fresh air on the green guided by expert yoga instructors. To provide you the ultimate fitness experience, LA Fitness has also refreshed their service offerings with an indoor pool, personal training, fitness classes, and fitness on demand to accommodate your every day wellness goals.



ENTERTAINMENT

Atlantic Station doesn’t stop at the extravagant list of retail shops that offer the latest trends for you and every room of your home - it continues to provide Midtown the finest entertainment enclaves to suite the cultural desires of its dwellers as well. From the luxury clothing boutiques to coveted entertainment venues such as Regal Cinemas and Bowlero, entertainment awaits you at your doorstep.



new developments

COMING TO ATLANTIC STATION


Atlantic Station will be home to several new establishments in the coming years.


ATLANTIC YARDS

GREEN ROOFTOP TERRACES CREATIVE OFFICE SPACE COLLABORATION AREAS FITNESS CENTER BIKE STORAGE STREET-LEVEL RETAIL & RESTAURANT THREE-STORY PARKING COMPLEX

Comprising of two towers totaling 500,000 square feet of premier Class A creative office space located in the heart of the Atlantic Station neighborhood in Midtown, Atlantic Yards provides clients with the most innovative and inspiring workplace in Atlanta. Designed by Chicago-based HPA Architects in collaboration with Wakefield Beasley & Associates, this property combines the authentic charm of vintage industrial buildings with the sustainability, connectivity and efficiency of today’s most progressive modern office environment.


T3 WEST MIDTOWN

“TIMBER TRANSIT TECHNOLOGY” GREEN ROOFTOP DECK CREATIVE OFFICE SPACE TENANT-ONLY BALCONIES BIKE STORAGE COLLABORATION AREAS FULLY MODERN FITNESS FACILITY

Comprising of 205,000 square feet of premier Class A creative office space located in the heart of the Atlantic Station neighborhood of Midtown, T3 West Midtown offers future tenants a creating space to work and collaborate. Designed by Chicago-based HPA Architects in collaboration with the DLR group, this property combines a modern-industrial approach to the efficient and sustainable work environment Midtown dwellers so desire.


RETAIL TOWN CENTER

GROWTH OF THE ATLANTIC GREEN RENOVATED REGAL CINEMA EXPANDED H&M ADDITION OF FOREVER 21 & HOBNOB THREE NEW HOTELS

Located in the center of Atlantic Station is its Retail Town Center. Featuring an eclectic mix of shops and restaurants, serving your fashion, home furnishing, entertainment, grocery and dining desires. Transformation to the Retail Town Center includes growth of the Atlantic Green, renovation of Regal Cinema, expansion of H&M, and addition of new restaurants.


ATLANTIC GREEN

LARGER LAWN AREA NEW INTERACTIVE WATER FEATURE SHADE CANOPIES LARGE OUTDOOR LED VIDEO SCREEN NEW VALET STAND DEDICATED RIDESHARING POINT

The green space will be expanded to almost double its current size. A new interactive water feature will be added at the southern end of the park. Shade canopies and an LED video screen will be installed. A new valet stand and a dedicated ridesharing pick-up/drop-off point will border the park.


EMBASSY SUITES HOTEL

10-STORY HIGH-RISE 120 ROOMS RENOWNED STEAKHOUSE

Atlantic Station’s newest hospitality addition, Embassy Suites Hotel, will feature 120 keys and a renowned steakhouse designed to accommodate local dwellers and short-term guests alike. Developed by Horizon Hospitality, this hotel is slated for a 2020 delivery.


DUAL-BRANDED HOTEL 400 BISHOP STREET

LIKELY COMPRISED SPRINGHILL SUITES & TAPESTRY COLLECTION BY HILTON 265 ROOMS

MIXED-USE DEVELOPMENT GROUND-LEVEL RETAIL GREEN-COVERED ROOFTO


“The 30363 zip code, which encompasses all of and rental rates in the state of Georgia. In excess of $2000 choices and customer base within walk

-ATLANTA JOURNA


only Atlantic Station, features the highest residential 0 / per month, this is reflective of the high-quality living king distance of the retail town center.�

AL CONSTITUTION


ATLANTA


Atlanta is a thriving cosmopolitan city in the heart of the southeast. The city is home to numerous significant cultural and historic land marks. Atlanta’s business districts hosts flourishing startup businesses, fin-tech all-stars, innovative technology companies, and other businesses considered to be global household names. Atlanta is also home to the world’s busiest airport. All of these factors make Atlanta a significant player in global commerce, finance, technology, research, art, media and education.


#3

MOVING DESTINATION IN THE US

#1

FOR FEATURE FILM PRODUCTIONS

#1

MOST HEAVILY FORESTED URBAN AREA


26

FORTUNE 500/1000 HEADQUARTERS

#1

BEST STATE FOR BUSINESS

#1

MOST-TRAVELED AIRPORT


SUNTRUST PARK

ATLANTIC STATION

HIGH MUSEU OF ART

WOODRUF CENT

WESTSIDE PROVISIONS DISTRICT

THE FOX THE

TECH SQUAR

GEORGIA AQUARIUM

WORLD COCA-C MERCEDES-BENZ STADIUM

COLLEGE FOOTBALL HALL OF FAME

CNN CENTER CENTENNIAL OLYMPIC PARK STATE FARM ARENA

HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT

SKYVI W


UM

ATLANTIC BOTANICAL GARDENS

FF ARTS TER

PIEDMONT PARK

ATLANTA BELTLINE

EATRE

FERNBANK MUSEUM PONCE CITY MARKET

RE

OF COLA

IEW FERRIS WHEEL

ZOO ATLANTA


contact us today for a viewing.

404.510.2246 DISTRICTLOFTS@EVATLANTA.COM

www.owndistrictlofts.com 260 18TH ST NW, ATLANTA, GA 30363

DISTRICTLOFTS@EVATLANTA.COM

© 2019 All rights reserved. Marketing and sales by Engel & Völkers. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.


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