Look out, Buckhead, here comes stacked and stylish units that'll actually be for sale. Developer the Loudermilk Cos. has unveiled an 18-story condo tower in the heart of Buckhead.
The company has had various plans in place to build on the site formerly (totally) occupied by low commercial buildings — just across Charlie Loudermilk Park from the Buckhead Theater and Hanover's under-construction apartment tower — for years.
But the renderings of a relatively flashy building, with a sleek angular glass facade wrapping the tower and parking deck, offer the first tangible taste of the project. Interestingly, the renderings do indicate that the single-story Mitchell Gold+Bob Williams furniture store on the corner of Peachtree and East Paces Ferry roads will remain.
Designed by locally based firm Lord Aeck Sargent, the building is slated to include just 57 two- and three-bedroom condo units atop three levels of parking and 30,000 square feet of retail space, according to BuckheadView. The announcement is a radical change from the initially proposed six-story classically styled office building proposed back in 2014.
The project could be another step in Atlanta's slow trend of condo construction versus rentals.
The proposed appearance and use of the building was thrown into question earlier this year when a local real estate agent released details of a hotel and condo development he claimed was planned for the site.
The Loudermilk Cos. remain tight-lipped about project details, beyond what was revealed at the Development Review Committee, but prices for the condos, averaging 2,900 square feet apiece, definitely won't come cheap.
Construction could start as soon as early next year.