Atlanta’s tallest residential project, slated to start construction this month, will likely not begin its ascent 53 floors upward until next year, its leaders tell Curbed Atlanta.
No2 Opus Place was announced more than a year ago, initially as a 74-story condo-hotel hybrid. Plans were later amended to remove the hotel, also taking away 20 stories—and the building’s potential distinction as Atlanta’s second tallest high-rise.
Early this year, developer Olympia Heights Management revealed ambitious plans to start construction this month, regardless of how pre-sales advanced. Groundbreaking prospects seemed more realistic after the opening of a posh sales center on the site.
Now, according to the PR agency marketing the project, the earliest construction could start is December, though “winter” was suggested as a more reasonable target.
Despite the delay, the team insists pre-sales are strong, although a new sales team was announced last week, hinting at some early strife.
Also, the building has been reconfigured a little to increase the size of the smallest units, driving up the base price to the upper range of $700,000 for the smallest one-bedroom options.
Penthouse units, which will offer more than 5,000 square feet, are still available for $12 million.
While the slight setback in construction may be an indicator that the Atlanta market isn’t quite ready for such a large dose of ultra-high-end condos, even a January start could be a good sign for similarly posh projects Emerson and The Charles.
- Midtown Atlanta’s Opus Place tower now eyeing October launch [Curbed Atlanta]
- No2 Opus Place website launches, offering comprehensive look inside Atlanta’s most expensive address [Curbed Atlanta]
- No2 Opus Place [project website]