Photos: Brand-new Atlanta condo building flirts with sellout

Three years after it was announced for a Peachtree Road corner with low-rise retail and parking lots, a rare new Atlanta condominium building is flirting with sellout status, though the paint is barely dry.  

The Dillon Buckhead, billed as the submarket’s only option for new condos right now, wrapped construction in November and started moving in residents just before the holidays. More than 100 condos have since closed.

Of the 144 condo options in the highly amenitized building, just a dozen remain unsold now, according to brokers with Atlanta Fine Homes Sotheby’s International Realty Intown. That translates to well over $200 million in sales overall.

Work on the 18-story building—the second Atlanta project for Palm Beach-based developer Kolter Urban—kicked off with demolition of the low-rise structures at 2425 Peachtree Road in summer 2022. Throughout the construction process, sellers credited the building’s abundance of amenities and location for making it a hot commodity. Some units have traded for astronomical numbers by Atlanta standards, such as a top-floor penthouse with 3,700 square feet that was listed for more than $4 million.

So far, most buyers at The Dillon have been downsizing from larger single-family homes and seeking an amenitized, low-maintenance lifestyle in a walkable location, sellers have told Urbanize Atlanta.

Remaining condos start at $999,000. That buys a foot-in-the-door Landmark floorplan with two bedrooms (described as “dual masters”) and two and ½ bathrooms in 1,474 square feet.

The priciest, most baller option left on the open market seeks $2.1 million. That’ll fetch three bedrooms (with den) and three and ½ bathrooms in 2,249 square feet. (Another consideration with that condo: $1,200 monthly HOA fees.)

The Dillon’s perks include concierge services, a formal clubroom with a catering kitchen, a dog park, pool deck, outdoor yoga terrace, a speakeasy, a media room with a game simulator, and a pickleball court.

An indoor-outdoor section called The Hub offers both private and semi-private workspaces for the WFH set, plus a conference room. Elsewhere, some condos are being held as guest suites, officials have said.

Nearby on Peachtree Road, 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 before the building sold out.

Like The Dillon, the 47-unit Graydon remains a relative anomaly in terms of Atlanta multifamily ventures the past decade. It marked the largest intown condo project between Buckhead Village’s The Charles and the 279-unit Seven88 West Midtown tower on West Marietta Street in recent years.  

Kolter Urban purchased the Dillon's required three parcels—located next to the Peachtree Battle Promenade shopping center, home to Whitehall Tavern and a Publix—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.

Now, the developer is hoping the third time will be a charm with another, more centrally located condo tower on West Paces Ferry Road, near Buckhead Village. That 19-story proposal, which first emerged in late 2024, would have the highest unit count (198 condos) of any Kolter Urban project in Atlanta to date.

In the gallery above, find a closer look at how The Dillon came together.

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