As another example that for-sale condo developments are viable again around intown Atlanta, a boutique Castleberry Hill project is moving forward in hopes of capitalizing on momentum from nearby investment—and the star power of its developer.
Down the street from No Mas Cantina, TV host, developer, and home-product designer Ty Pennington, an Atlanta native, is leading a team that aims to enliven a long-vacant but historically significant Walker Street property.
Pennington, a graduate of Atlanta College of Art, is best known for his work on the original Trading Spaces and ABC’s Extreme Makeover: Home Edition.
Named for an elevator manufacturer that once operated on the site, The Otis Building will feature two retail slots (roughly 1,200 square feet total) along with eight condos. Plans call for incorporating a facade that’s emblazoned with the elevator company’s original logo into the new building.
Lucas Carter, the project’s listing agent with Berkshire Hathaway HomeServices Buckhead, said Pennington has a connection with Castleberry Hill properties that dates back to renovations he tackled with his brother prior to the 1996 Centennial Olympic Games in Atlanta.
But the Otis venture “is the first luxury boutique condo building [Pennington] has been involved with,” Carter, a longtime neighborhood resident, tells Curbed Atlanta. “I use the term ‘luxury boutique building’ because this actually will be one, versus the listing agents just calling it that in the remarks.”
Expect prices to begin at $475,000 and climb to north of $1 million.
Six one-bedroom flats will span from 1,103 to just shy of 1,400 square feet. The two-bedrooms, meanwhile, will be 2,652 and 2,748 square feet. In the basement will be 13 parking spaces, and up top a roomy roof terrace with potted trees and a variety of seating.
The exterior walls of neighboring buildings, exposed for years, should lend inimitable character. Carter said remediation to those walls and the facade is planned soon.
The goal, per Carter, is to open the building in October. Pre-sales launch next month.
A sample floorplan for two-bedroom units:
A floor-by-floor breakdown is below, including a planned roof deck with space for 50, low-impact planters, and dining areas:
- The Otis Building [site]