More details are coming to light for another Buckhead high-rise in a prestigious location, a development that’s now secured its site and has an official name. 

Florida-based developer Kolter Urban closed Tuesday on a 4.7-acre site at 102 West Paces Ferry Road for $38 million, according to Hailey Realty Company, the deal’s transactional broker. [CORRECTION: 10:04 a.m., March 28: Brokers reach out to clarify the site is actually 3.3 acres, according to tax records.]

The project will mark Kolter Urban’s third new building in Buckhead offering for-sale condos—still a rarity in post-recession, apartment-crazed Atlanta. The West Paces Ferry Road venture has now officially been named “Elyse Buckhead.”

Hailey Realty reps also shared specifics on exactly what Elyse Buckhead will entail. Expect 2.7 acres of the site to house a luxury condo building standing 20 stories, with 196 units. 

Those condos will range from 1,200 to more than 4,000 square feet, with between one and three bedrooms. 

Google Maps

How Elyse Buckhead's West Paces Ferry Road entries will front the street. Kolter Urban; RJTR

No word on price ranges or a groundbreaking, but officials say more details on the project and its sales launch will be coming soon. 

The Elyse Buckhead location will be walkable to some of the subdistrict's most attractive shopping and restaurants. The property—situated next door to the St. Regis Atlanta hotel and condos, among the ritziest of both uses across Atlanta—was previously targeted for a massive, multi-tower development with a hotel and more than 300 residential units that never took off.

The site has long housed a small shopping center called Buckhead Plaza.

Existing conditions around Buckhead Plaza. RJTR

Plans for the 19-story proposal's West Paces Ferry Road facade in Buckhead. Kolter Urban; RJTR

For Kolter Urban, the project will mark its third high-rise in Atlanta to move forward since the COVID-19 pandemic, joining the new 18-story, nearly sold-out Dillon Buckhead and the 22-story Graydon project before it. 

No retail is planned for Elyse Buckhead. None was included in the main buildings of Kolter Urban's earlier Atlanta projects, either. 

Renderings compiled by Atlanta-based RJTR architecture firm indicate the building will have a stair-stepped design with balconies jutting off each facade and a tall, glassy base level at the street.

Head up to the gallery for more context and imagery for the Elyse Buckhead project—no valet parking required. 

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