Great Location Trumps Bad Economy

Posted on Tuesday, June 23rd, 2009

1010-midtown-aerialIn an economy where stores seem to be closing left and right, 1010 Midtown had its own concerns about attracting stores to the great new high rise. The concept and location is fantastic, but would that be enough? And if stores and restaurants filled the floors of 1010 Midtown, would they thrive? Such questions crowded the heads of the luxury tower builders.

With the opening of a few great restaurants, those concerns have been squashed. The business men and women who have chosen to open a new restaurantĀ  in 1010 Midtown believe theĀ  prime location more than outweighs the recession.

The AJC interviewed Harold Shumacher, a local restaurant real-estate broker and president of the Shumacher Group about the opening of these new restaurants. Shumacher said, “The recession makes for a difficult time to launch a restaurant, but Midtown remains an attractive location.”

Shumacher also felt Atlanta’s many working professionals who are willing to walk to lunch make the new luxury Atlanta condos more appealing.

And walking to lunch they are. The owners of the restaurants that recently opened in 1010 Midtown are pleased with the traffic this prominent location has brought them.

1010 Midtown sees the success of these businesses as a confirmation that the luxury high rise will continue to experience great success.

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