A 321 unit condominium conversion of an upscale apartment complex within a master planned community in the Perimeter Mall area of metropolitan Atlanta, Georgia.
Project Description
Douglas Wilson Companies (DWC), agent for Receiver, was tasked with custody, control and possession of all assets as well as execution of a strategic plan to renovate, market, and sell the condominium units. DWC also handled all accounting services.
Scope of Work
DWC retained a nationally recognized sales and management firm to implement and facilitate a condominium rental program as well as controlling the daily activities of the condominium’s Condo Owners’ Association. DWC’s development team negotiated construction costs and revised the construction program accordingly. DWC’s sales and marketing team employed an aggressive media campaign to re-launch the project and rental activity. For the 223 unsold units, DWC also legally appealed overestimated real estate tax values.
Project Resolution
The property was acquired and the Receiver was discharged.
Project Name
Villa Sonoma
Client
Superior Court of Fulton County, Georgia
Location
Atlanta, Georgia
