Since CF Real Estate Services bought the shopping district’s tallest tower, The Atlantic, in 2016, former apartments on the highest floors have been selling as condos, for as much as $1.4 million for penthouses.
Development wonks might recall The Atlantic was initially meant to be developer Novare’s crown jewel Midtown condo property when it finished construction in 2009. But the Great Recession squashed plans to sell units, and years of renting at the 47-story building ensued.
High atop The Atlantic, the sales push continues, and one recent listing—the priciest home in Atlantic Station, at the moment—begs the question: How much are Atlantans willing to pay for a two-bedroom condo?
With 2,984 square feet, the two-story sky pad is roomier than listing photos let on, with sweeping views at virtually every turn. The Home Park neighborhood fills blocks directly south to Georgia Tech, so it’s unlikely that views will be significantly altered soon.
The condo is actually accessible from both floors—the 46th and 47th stories—and the overall experience is marketed as being “the top of Atlanta!” It isn’t wanting for windows, and it’s one of two south-facing penthouses left unsold, per the listing.
Engel & Volkers Atlanta listed the property this week for $1,350,000, or about $450 per square foot.
The $1,190 monthly HOA commitment could be a tough pill, but amenities that include a 24-hour concierge, fairly huge pool deck and gym, and refined communal areas just might meet the hotel-like standards the building’s renovators were aiming for.
Records indicate the condo was initially listed for sale—at the same price—in October, and that it’s never been individually sold before.