A glitzy, glassy condo building is one step closer to reality after developers filed for permits for the 18-story structure at Buckhead Triangle.
Bisnow reports The Charles — named after neighborhood patriarch Charlie Loudermilk — will be coming before the city for approvals in preparation for potential construction.
The fast timeline — from initial reveal to permitting — bucks the trend of similar multifamily projects in Atlanta. A few other high-end condo towers have been announced in the city but are awaiting ample pre-sales before permitting.
In Midtown, much pre-selling remains to be done for the SLS condos and hotel tower, while closer to The Charles, Emerson is still seeking a pre-sale benchmark as well.
As it stands, The Charles has a long way to go to hit the two-thirds milestone needed for financing, but the developer is optimistic those numbers will be secured with the opening of a sales center in coming weeks. Which makes since, because there will be so few options to buy here.
Announced back in June, the building is slated to have just 57 high-end condos, with the least expensive residences starting at more than $1.3 million. The building’s website offers little information about units, other than saying there will be two- and three-bedroom options, as well as penthouses.
If all goes according to plan, Bisnow reports that developer Robin Loudermilk hopes to break ground early next year.