Tremont City Living Now Offers Upscale Residences To Rental Market

    ATLANTA, GA, June 10, 2009 /24-7PressRelease/ -- Building on the unprecedented success of 05 Buckhead, a 155-unit "white glove" luxury rental located at Peachtree and Piedmont Roads in Atlanta, Coro Realty Advisors, LLC, announces the availability of Tremont City Living residences to the upscale rental market. Conceived as an urban living center, Tremont City Living encompasses commercial, retail and residential units. "The residential component offers 78 uniquely designed residences, both flats and townhomes, built to exacting EarthCraft Home standards," noted Patti Pearlberg, Vice President and Asset Manager.

Initially, the residential units were offered for sale, but given the current economic environment coupled with constraints from lenders for new condominium projects, the strategy for the property was re-evaluated. According to Pearlberg, the launch of 05 Buckhead and tremendous acceptance of high-end rentals led to the recognition of an unfulfilled niche in the marketplace.

"Our market assessment indicates there appears to be little hesitation at the $2 plus per square foot rental price in Buckhead, provided the property delivers expansive plans, superior finishes and a great location," she stated. "Amenities and services also play a crucial role in the acceptance of the community, and the EarthCraft Home designation provides us with a strong advantage, as our residents are quick to recognize the economic benefits of the program."

"These residences incorporate media rooms, dens and bonus spaces, in addition to design features seldom found in this market. Of the 78 residences, there are more than 30 varying plans to select from, all providing quality finishes and details," she added. "The homes also feature 10' ceilings, 8' entry doors, oversized windows, complete surround sound and easy listening wiring throughout all units, and bamboo flooring in primary living areas."

Pearlberg pointed out that these homes are spacious enough to handle couples, families, roommates and those individuals that just want extra space for their busy lifestyles.

Located on Habersham Road at the corner of Piedmont and Roswell Roads, the community is located in one of the best school systems in Atlanta, and is within walking distance of Sara Smith Elementary. Flagstar Bank anchors the commercial component of Tremont, and two street level retail site leases are currently being negotiated, Pearlberg noted.

The one-, two- and three-bedroom Tremont residences range in size from 926 square foot flats to private townhomes fronting Roswell Road offering over 2,000 square feet. Rents at Tremont begin at $1,280 per month. The community also features limited access, underground parking serviced by two elevators, expansive interior hallways, a fully equipped fitness center, community/media room with kitchen, plus an oversized saltwater pool with landscaped deck, grilling and entertain areas.

Leasing at the site began less than a month ago, and more than 10% of the residences are now under lease. "We are providing full time management and leasing staff to our residents, which is crucial to the positioning of the community," she stated. "The discerning rental tenant has expectations, and we want to assure that their needs are met."

Community Concept Management is handling the management and leasing for Tremont, as they are at 05 Buckhead. "We have built a strong rapport with the CCM management team, and feel that they add inherent value to our leasing effort," commented Pearlberg. "By coordinating leasing and management between the two properties, we provide Buckhead residents with a full array of choice."

The Leasing and Management office at Tremont City Living is located at 15 Habersham Road and is open Monday through Saturday 9:00 am until 5:00 pm, and Sunday 1-5:00 pm. For more information and to schedule an appointment to preview the community, call (404) 446-1515 or visit our web site at www.tremontcityliving.com.

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. With a commitment smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments. Coro Realty Advisors, LLC provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

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