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In Buckhead, 267 more rentals are officially a go

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The 27-story Park Avenue tower expects to deliver in spring 2018

A luxury tower serving a heaping dish of 267 rentals to the Phipps Plaza area should go vertical soon, adding shopping-friendly apartment options to a submarket that’s seen thousands of units rise in recent years.

Climbing 27 stories, the 1000 Park Avenue tower is a joint effort by Wood Partners — the multifamily investment firm behind Alta Midtown — and Gilbane Building Company.

Officials announced today the tower will offer a mix of one-, two- and three-bedroom units, an elevated pool deck, and top-floor Sky Lounge. Gilbane completed the neighboring 39-story condo tower 750 Park Place in 1999, and market forces are responsible for the 17-year gap between that project and the new one.

The latest tower, designed by Reese Vanderbilt & Associates, was scaled back from initial plans that called for 39 stories to match its neighbor. Officials expect it to open, adjacent to Phipps Plaza, in May 2018.

It’s too early for pricing, of course, but here’s an early description of units, via a press release:

"The high-end, upscale finishes feature European-style cabinets with granite counters, undermount stainless steel sinks, plank flooring, modern lighting fixtures throughout, and ceramic tile tub surround."