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Foreclosures in Downtown Atlanta
At the time of the Olympics in 1996 Atlanta had a number of conversions of high rise office buildings into residential condominiums. This was in a great part due to the fact that there was a media frenzy about how difficult traffic would be and how it would be impossible for business as usual in the downtown office buildings. So many of the businesses which were working from downtown Atlanta for years moved to the suburbs. The area around 400 and I285 in Dunwoody is where many of the businesses relocated. In the buildings downtown the offices were gutted and turned into urban lofts. The units were then rented during the Olympics for exorbitant prices, and then sold afterwards as condos. The funny thing is that due to the endless warnings about murderous traffic, everyone stayed on the MARTA (rapid rail underground) and the streets, which were a bit of a walk from the venues, were like a ghost town. We actually were finding parking on the streets at parking meters during Olympic Events that were about a 10 to 15 minute walk from the venues and street vendors.
There were also some new lofts and mid rise condos built in and around downtown and conversions of large industrial warehouses into high tech loft developments.
Look at what is for sale today in the Downtown Area by clicking on the appropriate links to the left. You do not have to register to look, but you do if you want to save or print listings.