In neighborhoods across intown Atlanta, post-recession boom times have seen multifamily projects promised at certain prices that end up more expensive when the product actually exists.
Whether that’s due to rising construction costs, costly permitting delays, or old-fashioned bait-and-switch deceit is the subject of debate.
In any case, the first batch of new Reynoldstown condos to finish in recent years is sticking to prices predicted by developers a year ago—with contracts and sales to show for it.
New listings with photos of the gussied-up model unit give the best indication yet how the condo component of St. Clair Holdings’s Moda Reynoldstown is turning out.
Joining other Moda-branded ventures in Decatur and LaVista, the Reynoldstown community is marketing one-bedroom, one-bathroom flats from $229,900.
That buys 716 square feet a few blocks from the Beltline’s Eastside Trail, MARTA, and the Edgewood Retail District.
On the larger end, two-bedroom, two-bathroom condos are asking $319,900 for an even 1,000 square feet.
Project officials told Curbed Atlanta in July that all but five of 20 units had been claimed; at least three remain available now, per listings.
Elsewhere in the community, Moda Reynoldstown includes 45 townhomes, a saltwater pool, rooftop decks and patios, a dog park, and gardens.
It echoes a nearby Memorial Drive development, now under construction, that’s expected to bring 24 condos and five townhomes to neighboring Cabbagetown for a similar price range.
- Moda Lane listings [Ansley Atlanta]