A stately Midtown dwelling long ago converted to office uses could be on the chopping block in the booming West Peachtree Street corridor.
The 5,500-square-foot former home at 1100 West Peachtree Street has become something of an anomaly in recent years (almost resembling a hold-out property), as shadow-casting development has risen all around it.
New neighbors have claimed numerous surface lots and low-rise properties. They include SkyHouse Midtown, a 23-story apartment tower, and Northside Hospital’s 12-story medical office venture.
Directly across the street, Selig Enterprises’s block-consuming, multi-pronged 1105 West Peachtree project is under construction now, set to include a 31-story tower. (Bisnow has reported that Selig is in talks with internet giant Google to lease 200,000 square feet of offices there.)
So it’s hardly surprising the old home’s acreage—a .23-acre parcel—is being stressed in JLL marketing materials.
The property most recently appeared on LoopNet in late March. It last traded in 2015 for about $1.6 million, property records indicate.
The new listing price isn’t specified.
Per JLL, however, there is a caveat: 1100 West Peachtree’s seller wants to limit development of any new building to 50 feet or less.
But a longterm parking lease agreement using SkyHouse’s garage would be an option, allowing “a new development maximum building site coverage and associated cost savings,” according to JLL.
While zoning allows for dense mixed-use, the building could also be expanded or renovated as-is, per JLL.
Site attributes, as marketers note, include an 88 WalkScore and two MARTA stations within a five-minute walk.