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Peachtree Hills property, long slated for retirement community, to see construction

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20-acre complex, stalled by the recession, will reportedly begin construction next year

An ultra-upscale retirement community in Buckhead is finally moving forward after more than 10 years.

The Peachtree Hills Place project, first proposed in 2005 by Isakson Living, stalled during the recession. Last year, it was announced that the project — thought dead by many — was still in the works.

Construction on phase one, to include 85 condos and eight single-family residences, will begin early next year, according to BuckheadView. Sales materials show a castle-like building on well-manicured grounds complete with an "English country garden."

Amenities for residents 55 and up include a fitness and wellness center, a clubhouse with a range of dining venues including a "library bar" and onsite assisted living and memory care facilities.

But luxury won’t come cheap.

According to the project website, the smallest condos start at nearly $700,000, with units that approach a staggering $2 million. Still, the pricetag hasn’t scared off potential residents, with a reported 41 units and one single-family house already scooped up.

If all goes according to plan, phase two will bring an additional four single-family homes and 116 condo units.