Property sold.

7 comments

• doctorevil

  •

  3 years ago

  Interesting. Their lawsuit against the City of Chamblee remains pending. I wonder what they will do if they win?
• goldmongerATL

  •

  3 years ago

  Well this is surely a bad sign! Maybe it will revert to its pre-Follies configuration as a restaurant.
• goldmongerATL

  •

  3 years ago

  I wonder if it was not an actual sale but a change of property ownership to a different Follies entity. Those real estate sites often show things like refinancing or divorces as property sales with no real change in ownership.
• goldmongerATL

  •

  3 years ago

  I would think the city would have touted their "victory" on the news.
• twentyfive

  •

  3 years ago

  I don’t know a lot about Georgia real estate law, but here in Florida the property tax basis rises every time the property is sold, here most commercial properties are held in a separate corporation entity and only the corporation entity changes hands avoiding a step up basis in property taxes.
• travlin_carolina_guy

  •

  3 years ago

  If this becomes a restaurant, imagine sitting in a booth or table eating a meal in the area that once was a private booth. If walls could talk!!
• goldmongerATL

  •

  3 years ago

  The need to reduce the shock on the neighborhood. Hooters? Topless sushi?