Sources at a 1920s Buckhead apartment community off Peachtree Road indicate Atlanta’s next condo offering could come by way of conversion.
It’s a move, we’re told, that could cost renters who’d prefer to remain renters their current homes.
Tucked off Atlanta’s signature street, between Holeman and Finch restaurant and the eastern edge of Atlanta Memorial Park, the Park at Peachtree Memorial apartments are billed a unique mix of Art Deco styling and modern finishes.
Built in 1924, the units have been renovated in recent years with granite, fresh appliances, and screened porches, according to Apartments.com.
Could that work have been preparations to make units more appealing to buyers—or could a total gut-job be in the works?
Tips from current renters indicate the property will be converted to condos and that tenants have 120 days to vacate—unless they’d be willing to buy a home there.
Messages and emails sent to apartment management have not been returned; this post will be updated with any new information that comes.
One-bedroom rentals currently begin at $1,250, while the largest two-bedroom options rent for $1,999.
The property counts a 4/5 star mark on Apartment Ratings, where reviewers have complained of maintenance issues but generally rave about new management.
Residents at Peachtree Memorial have access to a swimming pool at a sister complex, Park at Peachtree Hills Apartments, near Lindbergh.
Matrix Residential, a subsidiary of Pollack Shores Real Estate Group, lists the Peachtree Hills property among its Georgia portfolio but not the former complex.