SOBU Flats Condo Assemblage

Good evening everyone. Just a quick update on things. The buyers continue to work through their due diligence. We anticipate something substantial to report next week. We want to say thank you to everyone who has already responded to the email from Maggie Jewel and emailed their personal letters. We invite all of you to contribute your stories. They will be very helpful in the future. We sincerely appreciate your efforts.  Again, we are grateful for your patience and understanding. You have been very gracious. May you know that Josh and I are your advocates. As always, please feel free to email, call, or text. Have a wonderful evening. We’re on it! Warmest Regards, Shawn Daugherty 678-429-4665 shawndaugherty@atlantafinehomes.com

My apologies for updating the blog at such a late hour, as I know you are waiting for updates. We are still working with the buyers. As soon as we have something substantial to pass on, we will. Presently the buyers continue to work through their due diligence. We sincerely appreciate your patience and understanding. Please feel free to email, call, or text. Wishing everyone a wonderful weekend!

Dear SOBU Homeowners, We appreciate your patience as the buyers continue their due diligence process. We apologize Josh has been slow to return calls and emails but will respond to everyone who called or emailed ASAP. Josh and I remain available to answer questions, so please feel free to call, text, or email.  Please continue to review the blog and we will provide updates as soon as possible.  Have a wonderful weekend!

Due to unforeseen circumstances explained below, the Buyer of Sobu Flats has postponed Seller signings at this time . Walkthroughs scheduled with Shawn Daugherty are cancelled at this time. Seller signings previously scheduled with Campbell and Brannon for the next few weeks have been canceled and will be rescheduled at a later date.  Josh and Shawn will be in contact with unit owners who have previously booked airfare and made travel arrangements for signings. The Buyer’s inspection of the Sobu building revealed repair and renovation costs which exceeded initial estimates by 25-35%, amounting to millions of dollars in excess costs.  As a result, the Buyers will be conducting additional due diligence for the next 30 days to assess the likelihood of redevelopment of the Property as a whole.  Among other items, this will require an in-depth inquiry into the potential for re-zoning the property subject to the City of Atlanta’s regulations.  As with all matters...

Campbell & Brannon continues to pre-close all 132 Sobu units.   A new projected funding date for the closing of June 8, 2018 has been identified .  This funding date is necessary due to title matters unique to certain units discovered in pre-closing which must be cleared prior to funding all transactions.  However, while the funding date is now projected to be June 8, 2018, it is critical that all unit owners schedule signing appointments with Campbell & Brannon in the coming weeks.  With 132 Seller signings being required prior to funding, the sooner all signings occur, and title matters are resolved, the closer everyone is to the finish line.    Please email  sobu@campbellandbrannon.com  to schedule your signing appointment if you have not done so already.  Please suggest your preferred time, and they will do their best to accommodate your schedule.  Available signing dates include April 3 rd  through ...