Last year, Walton Street Capital (the owner of Smith Tower) created quite the controversy when they proposed to convert the 38 story tower into 150 condos but now it looks like they have had a change in heart.
Now, they are looking to only develop the top 12 floors (22-33) offering a total of 12 condominiums approximately 2000 SF each. Floors 2- 21 will remain office space with 11,000 SF per floor.
I think that converting only 12 units was a very good move! With the increased demand for downtown office space and slowing condo sales, the project will be a perfect mix for current market trends. I wonder what prices will be starting at? $1M$2M- any thoughts?