From private single-family builds on quiet streets to transit-focused apartment communities and Midtown high-rises, the exemption for construction in Atlanta and Georgia’s orders mandating that people stay home is plainly evident right now as the novel coronavirus pandemic continues.
That’s a contrast to stay-at-home orders in cities such as Detroit, New York, and Boston, which have slammed the brakes on development. Meanwhile, in Atlanta, a project of significant scale has announced it’s officially moving forward, with prices as they were prior to lockdowns related to COVID-19.
The official groundbreaking at Graydon Buckhead, one of Atlanta’s largest for-sale condo ventures since the Great Recession, happened Monday at the 2520 Peachtree Road site where the Emerson tower was once planned, according to project reps.
The project is still expected to deliver in mid-2022, with prices beginning at $1.6 million. Officials this week released the most detailed renderings to date.
Graydon Buckhead is planned to be among the taller structures on the stretch of Peachtree Road between Buckhead’s Jesus Junction and Midtown, offering just 47 condos in 22 stories, which speaks to the size of floorplans.
The smallest Graydon offerings—two-bedroom condos with two and a half bathrooms and 2,200 square feet—will start at $1.6 million.
From there, priced at $3.2 million, will be three-bedroom options with four and a half bathrooms and between 3,500 and 3,600 square feet.
A single four-bedroom penthouse of nearly 6,000 square feet will crown the 22nd floor, priced $8.5 million—by far the priciest condo option in Atlanta at the moment.
The Graydon project represents Florida-based Kolter Urban’s first foray into the Atlanta market. It’s the most sizable new condo project between Midtown and Buckhead Village’s The Charles, following the switch of another new Buckhead tower, The Sutton, from swanky condos to rentals.
Offers, as project reps note, are now being entertained.