Vinings Main, after months and months of uncertainty, seems to have righted the ship.
Originally, pricing was over $200,000 for a 1BR condo and for some 2BR units over $500,000. In an attempt to keep the project from being foreclosed, the building’s operators, Woods Partners, proposed renting the units for up to five years. In January, county commissioners rejected the request, which undoubtedly made a lot of local Vinings residents happy, but raised further concern about the project being foreclosed.
In March, the group of lenders financing the project removed Wood Partners and replaced them with Novare Group as the operator and have slashed prices. The one-bedroom unit is now priced at $136,000, a 34 percent difference. And the $504,000 top-end unit is now available for $288,000 – 43 percent below the original asking price.
Vinings Main is located just off of Paces Ferry Road between Interstate 285 and the Chattahoochee River and was completed in 2008, butÂ only three of its 148 residential condos sold at the original prices. Vinings Main is next to Avignon at Vinings and in front of the Battery on Paces Ferry.
Located in the center of historic Vinings off Paces Ferry Road, is Vinings Main. Featuring 142 luxury Cobb County condos, these units are priced to sell. Current prices range from the mid-100,000s for 1 bedroom, 1 bath homes to the mid-200,000s for 2 bedrooms,2.5 bath homes, depending on square footage and location.
Vinings Main condos feature 897 to 1,868 square feet of living space with amazing features per plan. Homeowners can walk to restaurants including Social Vinings, Noche and enjoy shopping at Banana Republic and Ann Taylor at the Vinings Jubilee.
- Spacious Balcony or Patio
- Hardwood Floors
- 10′ Ceilings
- Decorator Tile
- Gourmet Kitchens with Designer Wood Cabinetry
- Granite Countertops in Kitchens & Baths
- Stainless Steel Appliances* & Gas Ranges
- Spacious Walk-In Closets
- Crown Moulding Throughout
- Fireplaces in Living Areas*
* – in select homes
There is a business center, fitness center, full-service concierge service, a guest suite, clubroom with plasma TVs and a catering kitchen and a resort-style pool with an outdoor summer kitchen. Sales also include one parking space per number of bedrooms in the unit.
We would love to be your Vinings Main real estate agent.
Click here for a sampling of current Vinings Main condos for sale.