(Read more on the multifamily market.)

ATLANTA-Construction is expected to begin in the spring on Castleberry Point, a 108-unit condominium project in the Castleberry Hill neighborhood. Miller Gallman Developers LLC is the force behind the project.

The four-story flat-iron development will also include 35,000 sf of street-level retail and restaurant space. The project will feature one-, two- and three-bedroom units ranging in size from 748 sf to more than 2,800 sf with 17 floor plans, including five live/work spaces. Prices for the units range from the low $200,000s to the $700,000s.

Contracts have been signed for 50% of the units and two of the live/work spaces. "Castleberry Point's success flies in the face of the notion that pre-sales aren't happening in the condo market in Atlanta," says Jerry Miller, of Miller Gallman. "Not only are they happening, but they are exceeding all our expectations."

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