clock menu more-arrow no yes

Filed under:

Buckhead Tower Listing is Mega-Deal Waiting to Happen

New, 20 comments

Since 1951, the Darlington apartments have loomed large next to Piedmont Hospital for generations of Atlantans; in fact, a sign out front of the building tallies the population of the metro area (some say questionably so) in homage to all those Piedmont babies. However, times they are a-changing, and the aging building has hit the market as a potential redevelopment site. The building is the second midcentury residential relic to hit the market within a few blocks of Peachtree Road this year. The first, 2520 Peachtree, was sold to developer JPX Works, who plans to demolish the building to construct a spiffy new high-rise. While the massive scale of the Darlington — a true Soviet-Era superblock of a tower that's seen better days — means it may make more sense to rehab than demo, the fate of the cruciform tower remains uncertain.

The 15-story brick high-rise has been a fixture in the neighborhood for more than 60 years. While the listing just recently went public, the AJC reports that a potential buyer may already be working on a deal with JLL Properties. In addition to the 612-unit apartment tower, the sale will include one acre of land fronting Peachtree Road and an additional three-and-1/2 acres behind the building. The front portion of the site is zoned for medical use, while the back portion could allow for 180 to 275 additional apartments, according to the marketing material.

Regardless of what comes next, one thing's certain. With sweeping views of Midtown and Buckhead, frontage on Atlanta's premier street and acreage for days in a close-in location, the building and land won't come cheap.

· The Darlington [JLL Properties]
· Buckhead's Darlington apartment tower marketed for sale [AJC]