The Aberdeen: Condo Hope Still Alive In Atlanta

by Deidre Woollard (RSS feed)
Jul 6th 2008 at 8:02AM

Atlanta's condo market may be slowing down but that doesn't stop people from building and planning. The Atlanta Journal-Constitution profiles Taz Anderson, a local entrepreneur who is behind a new luxury residential tower in Vinings. Anderson and his son Geoff, president of Taz Anderson Realty Co., are working on a condo project called The Aberdeen, an upscale residential development in Vinings with 55 units, some up to 4,000 square feet.

The 12-story tower will have views of downtown Atlanta and Buckhead. The project takes its Scottish name seriously and the units all have names of Scottish origin. A penthouse is listed at $2.9 million. Eleven buyers have reportedly signed contracts thus far. A healthy number but a little shy of what is generally considered enough sales to build. Given the precarious state of several other Atlanta projects it seems to be a bit of a dice roll.

Gallery: Atlanta Condo Projects