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Where Midtown meets Old Fourth Ward, rental building is going condo, starting in $200Ks

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Could the “Harper on Piedmont” condo conversion be a harbinger of things to come?

North Avenue frontage of the building in question, at right.
North Avenue frontage of the building in question, at right.
Google Maps

Since the Great Recession petered out and thousands of luxury apartments began sprouting in Buckhead, Decatur, Old Fourth Ward, and other ITP hotspots, speculation has swirled that a mass condo conversion was inevitable.

So far, that hasn’t played out.

But a TriBridge Residential venture that’s converting Ivy Hall Apartments to for-sale condos is bucking the idleness trend where Midtown, Old Fourth Ward, and downtown converge.

In recent years, the largest intown condo conversion has come in Buckhead, with 50 units at what’s now called Portico Buckhead. The Tenth Street Ventures project has been described as challenging, in that it’s one of the first conversions in Atlanta’s ongoing real estate cycle, which has seen record rents.

An amenities level at Ivy Hall.
Oasis Corporate Housing

Rechristened as “Harper on Piedmont,” the former Ivy Hall rental building will offer 111 redesigned homes, priced from the $200,000s to $600,000s, officials announced this week.

Expect a range of studios up to three-bedroom condos with “resort-style amenities” at 625 Piedmont Avenue, next to the restored 1883 Queen Anne Victorian that is Ivy Hall, now owned by Savannah College of Art and Design.

The conversion is expected to finish this year.

Officials say the building will feature perks that echo many top-shelf new apartment buildings—a wellness club with Peloton bikes, a “pet club” with a fenced park, poolside catering kitchen, and an updated pool area with cabana towel service and concierge.

Inside the units, expect smart home tech, LED lighting, nine and a half-foot ceilings, and KitchenAid appliances.

TriBridge bought the Ivy Hall rental building for about $36 million last year, the Atlanta Business Chronicle has reported.

We’ve requested more details and interior images and will update this post with any further details provided.

See interior images below, as provided today by listing brokerage Engel & Völkers Atlanta: