A Buckhead building offering some of the priciest new condos in Atlanta is beginning to make its mark on the city’s signature street.
According to a construction update compiled by Florida-based developer Kolter Urban, The Dillon condo project is on schedule, with all deep foundational work completed, columns installed, and floors set to start quickly stacking over the 2500 block of Peachtree Road, next to the Peachtree Battle Promenade shopping center that’s home to Whitehall Tavern and a Publix.
Construction crews last summer razed the former Design Within Reach furniture store and other structures where Peachtree Road meets Terrace Drive, setting the stage for the 18-story project.
Plans call for 144 relatively rare, for-sale condos in a building that listings describe as “architecturally distinctive.”
Other marketing materials have called The Dillon “a modern take on Buckhead’s tradition of gracious living,” where “refined neoclassical lines” will blend with “industrial-chic accents” on a natural hill.
In any case, living in such a multifamily setting won’t come cheap.
Prices begin in the mid-$800,000s for floorplans that start around 1,400 square feet—or what would be considered a fairly large intown apartment.
In terms of price, current listings top out at a whopping $4.2 million for one penthouse. That buys three bedrooms and four bathrooms in more than 3,750 square feet—and it’s under contract.
One key selling point appears to be The Dillon’s amenities, which are expected to cover more than an acre of total space, both indoors and out.
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.
Kolter Urban purchased the required three parcels in 2021 for $16.5 million. 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 now taken up 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.
Atlanta Fine Homes Sotheby's International Realty reported in May last year—prior to most recent interest-rate spikes—The Dillon had notched a “staggering” $62 million in presales, among the strongest condo sales the local office had ever seen. Most buyers were people downsizing from larger single-family homes, sales reps said at the time.
Plans call for The Dillon to deliver sometime in the fourth quarter of 2024.
For a closer look at planned interior designs and amenities, head over here. In the gallery above, find construction photos and newer renderings for this corner of Peachtree Road.
Follow us on social media:
• Buckhead news, discussion (Urbanize Atlanta)