Make way for yet another Buckhead residential high-rise on Peachtree Road! BuckheadView offers a fresh glimpse of the 21-story apartment tower slated to replace a gas station and Chinese restaurant just south of Buckhead Atlanta. Developer Preserve Properties LLC shared a new rendering of the modern glass tower with neoclassical leanings and offered more information on the project at a recent Development Review Committee session — the same meeting where Wood Partners unveiled drawings for their similarly sized tower just north on Peachtree. In an even bigger coincidence, both towers were designed by local architecture firm Reese Vanderbilt.
Bucking the mixed-use tower trend, the building will be home to strictly two- and three-bedroom units and will offer no ground-floor retail. Preserve Properties indicated there will be nine apartments per floor, save for the penthouse level, which will have only eight. Despite the specificity, BuckheadView reports that the total number of units is still up in the air and will range from 125 to 140.
As a nod to the changing landscape of Atlanta's rental vs. buyer market, the building was designed so that the apartments can easily be converted to condominiums. Reflecting the premium styling and location of the development, units will rent for between $3,800 and $5,800 per month — prices that will give other new high-rise entrants to the luxe rental market, such as Cyan on Peachtree, a run for their money.
In unveiling the design, Preserve Properties CEO John Draper seemed to challenge Mill Creek Residential — who is developing the Modera tower next-door — to be a good neighbor and join them in burying the power lines along Peachtree Road. Is it finally time for developers to start holding each other to high neighborly standards?
· 21-story apartment project to replace Grand China, Exxon on Peachtree [BuckheadView]
· Another Tower Pitched for Buckhead's Swiftly Changing Skies [Curbed Atlanta]
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