Buckhead’s luxury multifamily scene can add another name to its roster, as an apartment tower developed by Wood Partners nears completion.
As apartment high-rises go, rental prices here will climb to heights unheard of in Atlanta not long ago.
Twenty-three stories of swanky flats dubbed “The Huntley” are soon to be available on Park Avenue, next to Phipps Plaza, a hub for metro Atlanta’s most affluent.
Almost half of the complex’s floors are move-in ready, and the remaining levels—some of which will house posh penthouse suites—are expected to be on the market next month, project spokeswoman Carrissa McKnight tells Curbed Atlanta.
The tower will ultimately offer 260 one-, two-, and three-bedroom options, mostly ranging from the low $2,000s to around $5,000 a month.
Once you go above the 21st floor, however, penthouse rent prices can climb to around $10,000.
“We have a 2,800-square-foot, three-bedroom, three-and-a-half bathroom corner unit penthouse going for $9,900 a month,” per the rep.
Context: Just three years ago, Buckhead’s Cyan tower seemed otherworldly expensive with its penthouses seeking a measly $5,000 per month back then.
The nearly complete Buckhead tower—albeit one of the shorter residential stacks in the neighborhood—will boast a rooftop lounge that looks out at the skyline of Midtown and downtown, while the first and second floors flaunt a pool, fitness center, and office space, among other offerings on The Huntley’s amenity deck.
Apartment interiors will, of course, feature the stone countertops expected with highfalutin Buckhead homes (sans marble), as well as stainless steel appliances and gas-powered cooking facilities, which, McKnight said, separates The Huntley from its neighbors using electric stoves and ovens.
Among the 12 stories of The Huntley that are currently inhabitable, 16 units have been filled, and about 40 others have been pre-leased, according to McKnight.
Apartment towers have been sprouting across Buckhead for several years, and recent activity shows that trend continuing.
Elsewhere in Buckhead—exactly where is still to be announced—another apartment high-rise is proposed by Houston-based PM Realty Group. The finished product is expected to resemble a 35-story structure the company is developing in Denver.
And in the Buckhead Village, a project spearheaded by Texas-based Hanover recently brought 353 residential units via 21 stories.
So the construction scene is beyond healthy, but it looks like the neighborhood’s traffic ills won’t be dampened soon.