In early 2008, Peachtree Street, between 14th Street and 10th Street, looked like the photo on the left. At this time, Daniel Corporation had only begun construction on their exquisite master-planned development 12th & Midtown. In no time at all, the area would come to be known as the Midtown Mile, featuring upscale boutique shops, fine dining destinations, a luxury Atlanta hotel, first-class office space and elegant condos.

The lucky individuals who invest in the Atlanta condos at 1010 Midtown find themselves in a true live, work, play community. These Midtown condos are within walking distance to most everything Atlanta has to offer. Whether you want restaurants like Oceanaire, Ri Ra Irish Pub, Ra Sushi, Noon and Twist or are looking for entertainment at the High Museum, Piedmont Park, Woodruff Arts Center and the 14th Street Playhouse, you can leave the car at home and reach them on foot.

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According to an article in the Atlanta Business Chronicle, the “Midtown Mile”, a 14-block stretch of Peachtree Street beginning at the Fox Theatre on the south end and stretching to Woodruff Arts Center on the north end, is expected to be filled with one million square feet of high-end retailers by 2012. Ideally, the “Midtown Mile” will be the Atlanta equivalent to Los Angeles’ “Rodeo Drive” and New York City’s “Fifth Avenue.” The development of these high-end retailers could potentially generate nearly $477 million in additional annual retail sales and entice tourists to stay an extra night in Atlanta. The plans for this desired stretch of Peachtree Street are huge, and this is going to be the hottest street in town. Hotels, restaurants and retail stores are going to vie for the opportunity to be located in this prestigious stretch of land. By purchasing a condo now in this location, in five years you will have one of the most desired homes in all of Atlanta.

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In a recent company newsletter of Wells Fargo, there was a feature by David Bach, financial coach and #1 bestselling author, giving seven reasons to buy in today’s market despite news reports of a slump. According to Bach, the main reasons why you should ignore what the news is telling you and purchase a home anyway is:

1. Homeownership is a solid long-term investment. While up front this may seem like a huge financial burden and responsibility, being a homeowner provides you with a new level of financial well-being that renting does not. As Bach says, “It’s probably the smartest investment you will ever make during your lifetime.” This is because, historically speaking, the housing market has been making consistent gains since the ’50s.
2. The IRS gives big advantages to homeowners. Owning a home can be a huge write-off when it comes to tax time. Start receiving more money in April by deducting mortgage interest rates, property tax and more.
3. Generally speaking, home values are still rising. Even though 3.2% rise in home prices in 2007 is almost half of the 6.0% annual average of appreciation, the prices of homes are still increasing. You will be able to sell your home for more than you paid for it, no problem.

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In “Atlanta’s Modern Skyline Sings,” Newcomer Magazine covers Midtown Atlanta’s hottest new high rises and 1010 Midtown made the list. Atlanta condos are stretching into the Atlanta skyline and offer luxurious amenities and convenience to work, shopping, dining and services.

Midtown Atlanta is attractive to those relocating as well as those moving up from older condominiums and in from Atlanta’s suburbs. Both boomers and young professionals are attracted to Midtown Atlanta for everything it has to offer.

1010 Midtown offers 443 luxurious two-bedroom; two-bedroom den; two and three-bedroom penthouse combo floorplans from the $200,000s to $1.7 million. The building will offer street level retail and restaurants, 24-hour concierge, keyless access, club room and fitness center. Call 404-815-4622 or go to www.1010midtown.com for more information.