Florida-based developers have officially topped out a new (and still rare) condo building in what they’re calling Atlanta’s most prestigious neighborhood.
Fifteen months after demolition of low-rise structures began at 2425 Peachtree Road, officials with Palm Beach developer Kolter Urban have recently reached max height for their 18-story The Dillon Buckhead condo project.
The same builder announced last month its taller condo tower across the street has now sold out, having finished construction in early 2022.
The Dillon is expected to deliver 144 more luxury condos, ranging from one to three-bedroom residences. It’s on pace to be completed in the fourth quarter of 2024.
“This project reflects the rich history of the Buckhead area,” said Kolter Urban president Bob Vail in a prepared statement this week, “while providing residents with luxurious modern living and an impressive suite of resort-style amenities at their fingertips.”
Two Atlanta-based companies—The Preston Partnership (architecture) and Integra Construction (general contracting)—are part of the development team, alongside interior designers ID & Design International.
Dillon condos now start from the mid-$800,000s, while penthouses will set buyers back $2 million or more. Listing services indicate units priced as high as $3.5 and $4.2 million are currently under contract.
Remaining condos will range in size from 1,400 to nearly 2,500 square feet, per project leaders.
The building’s sales team, Atlanta Fine Homes Sotheby’s International Realty Intown, has said Dillion units have been landing buyers at “record levels.” That includes $62 million in presales in 2022 and another $30 million in contracts inked across March and April this year.
The project has "captured the attention of discerning homebuyers nationwide,” the majority of them downsizing from larger single-family homes, as Sotheby’s reps put it earlier this year.
One key selling point, per sellers, has been Dillon’s amenities, which are expected to cover more than an acre of total space, both indoors and out.
Those perks call for an indoor-outdoor section called The Hub with private and semi-private workspaces for the WFH set, plus a conference room. Other amenities: concierge services, a formal clubroom with catering kitchen, a dog park, pool deck, outdoor yoga terrace, a speakeasy, a media room with a game simulator, and a pickleball court. Elsewhere, some condos will be held as guest suites, officials have said.
Kolter Urban purchased the required three parcels in 2021 for $16.5 million.
Earlier this year, the Dillon project began vertical construction next to the Peachtree Battle Promenade shopping center, home to Whitehall Tavern and a Publix.
To the immediate south, roughly half of the historic book bindery building—formerly home to Peachtree Battle Antiques and Interiors—has been preserved, including the brick house-like structure that fronts Peachtree. The Dillon’s sales center has taken that space.
A couple of blocks up the street, Kolter Urban’s first foray into the Atlanta market—the 22-story Graydon Buckhead—saw condo prices begin at $1.7 million and climb to nearly $9 million for a penthouse covering the full top floor.
Like The Dillon, the 47-unit Graydon is still a relative anomaly in terms of Atlanta multifamily ventures the past decade. It marked the largest recent intown condo project between Buckhead Village’s The Charles and the 279-unit Seven88 West Midtown tower on West Marietta Street.
Follow us on social media:
• Buckhead news, discussion (Urbanize Atlanta)