Among the more spectacular failures (speaking of both the project and the failure) of the condominium boom that hit Atlanta in the mid-aught's was The Mansion on Peachtree. Developed by one of Atlanta's most successful real estate developers (John Williams of Post Properties fame) and designed by starchitect Robert A.M. Stern, the hotel/condo tower landed with a heavy thud across from Lenox Square in 2008. The hotel (under a Rosewood flag) did okay, but the residences atop it did not. Fast forward, and iStar, the lender on the project, took the building back, re-branded the hotel as a Mandarin Oriental and re-joined other Buckhead buildings like The Sovereign, The Residences at the St. Regis and the Ritz Carlton Residences in attempting to sell its ultra-luxury residences to an apparently small pool of buyers. This model home with rather busy interiors by John Oetgen has 2 beds, 2.5 baths and views that appear to face east and slightly north. Mandarin Residence owners enjoy access to all of the hotel's amenities and then some. The asking price is $1,999,000. We'd guess there's both ample room to negotiate and plenty of time to weigh your options.
· 3376 Peachtree Road [Atlanta Fine Homes | Sotheby's Int'l. Realty]