Do Buckhead condo sales signal pent-up, high-end market demand?

For those skeptical about the viability of ultra-high-end condo sales in Atlanta, there’s some new evidence that pent-up demand is rampant for penthouse-quality residences in the city.

Developers with The Charles—one of Buckhead’s forthcoming ritzy condo developments—report that units are selling like multi-million-dollar hotcakes.

Since pre-sales began late last year, the building has raked in more than $40 million to secure contracts on 21 of the 57 residences available. That’s as of Monday, at least.

With the remaining units starting at $1.4 million (presumably the $1.3-million flats were snatched up), these aren’t exactly options for the common man. But for those who can afford it, amenities include kitchens decked out with quartz countertops, Italian cabinetry, Gaggenau appliances, and Franke fixtures.

All units in the building feature large terraces with views of the city, and each master suite has its own private outdoor space.

Residents will share a full-floor amenity terrace with more than 14,000 square feet of luxury, including an infinity pool, a lounge, a fitness and yoga studio, and a bar.

For the majority of Atlantans who can’t scrounge up enough jack for a Charles pad, there will be 26,000 square feet of retail space at the base of the building. So maybe you can lease a space there. Or just pop by.

With demolition of the existing structures completed, construction on the 18-story development is imminent.

The Charles

• The Charles [website]
• Demolition begins on Buckhead sites for high-end condo developments [Curbed Atlanta]