Florida-based developer Kolter Urban is hoping its third time with deluxe condo development in Buckhead is indeed a charm. 

After selling out 22-story tower Graydon and moving almost all condos at 18-story sister project Dillon Buckhead before it was even finished, Kolter Urban is unsurprisingly bullish on Buckhead’s condo prospects, though the product type remains relatively rare in Atlanta. 

This week Edwin Jahn, Kolter Urban’s senior vice president, relayed news the company’s next condo bet in Atlanta—a 196-unit, 20-story luxury venture christened Elyse Buckhead—has started construction of its onsite sales center. 

The sales gallery is scheduled to open in September, when contract reservations will also begin. Jahn said the goal with Elyse is to make it Kolter Urban’s most refined product to date. (That’s saying something, considering prices for Graydon condos farther south on Peachtree Road have topped $8 million.) 

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

No price range or floorplans for Elyse have been revealed. 

Kolter Urban’s development team is “currently putting the final touches on the floorplans, amenity spaces, and building design—and we truly cannot wait to show you what we believe captures the very best of Buckhead living,” Jahn wrote in the project update. 

Kolter Urban closed in March on Elyse’s 3.3-acre site at 102 West Paces Ferry Road for $38 million, according to Hailey Realty Company, the deal’s transactional broker. 

The Elyse location, formerly the longtime home of a small shopping center called Buckhead Plaza, will be walkable to some of the subdistrict's most attractive shopping and restaurants. The property—situated next to the St. Regis Atlanta hotel and condos, among the toniest 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.

Expect 2.7 acres of Elyse’s site to house the luxury condo building, with units ranging from about 1,200 to more than 4,000 square feet. Condos will offer between one and three bedrooms, per Hailey Realty reps. 

Plans for the 20-story proposal's West Paces Ferry Road facade in Buckhead. Kolter Urban; RJTR

Existing conditions around Buckhead Plaza. RJTR

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.

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

Find more context and imagery for the Elyse Buckhead project in the gallery above.  

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