A recently updated marketing package floats the possibility that a large assemblage of land near Buckhead Village could make way for something else. 

The “rare opportunity” includes a collective 4.75 acres where three medium-density condo and townhome properties stand now, awaiting either redevelopment or revitalization, according to the Massell Commercial Real Estate pitch. 

Current zoning would allow for a new multifamily development standing up to eight stories and 80-feet tall, with zero lot lines and the potential for 5 percent non-residential space. 

With open greenspace included, additional density would be allowed, per the sellers.

Overview of the three complexes totaling 91 condos and townhomes along Roswell Road today. KW Commercial/ Massell Commercial Real Estate/via LoopNet

KW Commercial/ Massell Commercial Real Estate/via LoopNet

Situated between 3491 and 3535 Roswell Road, the properties in question occupy a low-rise, residential section of Buckhead just west of Lenox Square and Phipps Plaza, between Roswell and Piedmont roads. 

A few blocks south, closer to Buckhead Village, projects such as Camden Andrews have transformed parts of the corridor with greater density in recent years. 

The listing first appeared in 2023 was but updated in December, records show. No sales price is specified.

As it stands today, 91 condos and townhomes are spread across the assemblage. Those include Regency Buckhead Condominiums (44 units), Bradley House Condominiums (41 units), and Casa Bella Townhomes (six units). 

The three parcels in question are zoned MR1, MR2, and MR3, which allows for medium-density multifamily projects, per the sales team. 

Atlanta code for those zoning designations makes no mention of commercial space including retail being allowed. 

KW Commercial/ Massell Commercial Real Estate/via LoopNet

The three contiguous parcels in question, in relation to Roswell Road and Buckhead landmarks. Google Maps

The sales package also floats the possibility the 91 units on site could be converted from condos to multifamily rentals, or rented as-is. 

Perks of the location, according to sellers, include Roswell Road’s daily traffic count of 26,000 vehicles (for visibility, not traffic), proximity to Buckhead Village, Lenox Square, Phipps Plaza, and the “upcoming” HUB404 highway-capping park over nearby Ga. Highway 400. 

Find more context and imagery for the Roswell Road offerings in the gallery above. 

...

Follow us on social media: 

Twitter / Facebook/and now: Instagram  

• Buckhead news, discussion (Urbanize Atlanta)