The Dancing Chipmunk is back on Peachtree Road, and he’s hawking units at a “luxury rentals” apartment community in the South Buckhead’s Brookwood area.
When Chip the Munk moves back into the area, you know concessions are creeping back into the Atlanta multifamily market. For proof, check out Chip’s sandwich board, which reads “Move-In Specials” at Brookwood Valley apartments next to The Darlington. The Brookwood Valley sign has a red flag posted right next to it. This might be metaphorical.
His sign should read: Apartment Developers, Proceed With Caution.” Of course, the market will get a boost when some of the ultra-Class A communities start converting to condos.