Atlanta’s Luxury Condo Market

Selig Development Co. has not even opened a sales office for 40 West 12th, but the firm already has pre-sold six units in its planned luxury condo project. Turns out, Selig’s project, which is a part of a larger mixed-use development in Midtown that includes the future home for a regional Google office, is one of the exceptions when it comes to demand for new condominium units in Atlanta. Instead, resales have mainly ruled the day.