(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.”

The Castleberry Hill neighborhood sits at the edge of Downtown and Midtown–with Downtown a short walk and Midtown less than three miles away. The neighborhood, which is less than a mile from CNN Center and Philips Arena, features a variety of restaurants, coffee houses and art galleries.

Other projects that Miller Gallman has been involved with in the Castleberry Hill neighborhood include Swift & Co. Lofts, West Lumber Lofts, 330 Peters St., Castleberry Row and Fair & Walker Lofts.

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