Power Breakfast: Foreclosure for luxury condo, Toyota, home builders, Fed, health reform

Another big condo tower, the new 20-story Mezzo Atlanta between Midtown and Buckhead, is being advertised for foreclosure, AJC reporter Gertha Coffee writes.

The luxury highrise, scheduled for auction April 6, was developed by Atlanta-based Tivoli Properties. Tivoli, which develops high-rise condominiums, apartments and hotels, was involved in Aqua Midtown in Atlanta and the Mandarin Oriental.

Mezzo, built in 2008 as a condo at 2171 Peachtree St. between Midtown and Buckhead, has been converted to rental apartments. Units range from $2,295 a month for a two-bedroom to $5,495 a month for a penthouse.

Mezzo is scheduled to be sold at auction on the steps of the Fulton County Courthouse. The amount of the loan is $36 million, according to Databank Atlanta.

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March 16th, 2010
3:38 pm

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