Back in July, plans were unveiled for a mega mixed-use project on the site of the failed Symphony Center project in the heart of Midtown’s Arts district.
Now, according to the Atlanta Business Chronicle, land-disturbance permits have been filed for the site. The proposal for 98 14th Street, designed by Perkins+Will, will consist of two towers, built one at a time.
The first tower — standing 74 stories — would be the second tallest building in the city and one of the tallest East Coast residential towers between New York and Miami, according to the ABC. It's said to include 180 extended-stay corporate suites with 382 luxury condos above.
Get this: Initial estimates put the sale price for some of the units at over $1,000 per square foot — far exceeding the same metric for the recently sold most expensive one-bedroom condo ever in Atlanta.
The first tower will cost more than $300 million to develop, meaning that the project won’t move forward until a large portion of the units are pre-sold. Millionaires of Atlanta, it’s time to start lining up!
- Developers of Midtown's 98 Fourteenth Street tower to ramp up pre-sales [Atlanta Business Chronicle]
- Poll: Will Atlanta’s Second-Tallest Tower Actually Happen? [Curbed]