Palm Beach-based real estate development and investment firm Kolter Urban is planning to break ground this year on The Dillon, an 18-story luxury condo stack that will bring 144 homes to the 2400 block of Peachtree Road, next to a popular shopping center.
Marketing materials released as part of sales efforts in recent weeks show Dillon condos and amenity areas that toe the line between pared-down modern and cushy formal, with lavishness at top of mind. The amenities, in fact, will span two levels.
The Dillon will feature an indoor-outdoor amenity called The Hub with private and semi-private work spaces, plus a conference room, in response to the WFH zeitgeist.
Other amenities will include concierge services, a swanky formal clubroom with catering kitchen, a dog park, loaded pool deck, outdoor yoga terrace, a speakeasy, a media room with a game simulator, and yes a pickleball court.
Another interesting touch will be condos held as guest suites, available for reservations when owners’ families and friends are in town.
A temporary sales gallery has opened at 2451 Peachtree Road (a former Design Within Reach furniture store), and Kolter Urban recently picked Atlanta Fine Homes Sotheby's International Realty to lead sales.
Speaking of sales, Dillon condo prices start in the $700,000s—and quickly climb up—for one, two, and three-bedroom units.
Penthouses atop the building with views across Atlanta start at $2 million. The priciest option listed to date—a three-bedroom penthouse with just shy of 3,000 square feet—clocks in at $3.15 million.
Condos throughout the building will range between 1,500 and 3,800 square feet, with the majority being two-bedroom options with dens, officials have said. Each condo will have a private terrace up to 12-feet deep.
A couple of blocks up the street, Kolter Urban’s first foray into the Atlanta market—the 22-story Graydon Buckhead, where move-ins have begun—saw condo prices begin at $1.7 million and climb to more than $8 million for a penthouse covering the full top floor.
The 47-unit Graydon is still a relative anomaly in terms of Atlanta multifamily ventures the past decade, marking the largest recent intown condo project between Buckhead Village’s The Charles and the 279-unit Seven88 West Midtown tower on West Marietta Street.
The Dillon is planned to rise on three parcels Kolter Urban purchased last year for $16.5 million where Peachtree Road meets Terrace Drive, next to the Peachtree Battle Promenade shopping center that’s home to Whitehall Tavern and a Publix.
Another part of The Dillon’s property is a surface parking lot; while to the immediate south, roughly half of the historic book bindery building—currently home to Peachtree Battle Antiques and Interiors—will be preserved, including the brick house-like structure that fronts Peachtree.
In the gallery above, have a gander at what’s planned for Peachtree as further proof of Atlanta’s condo comeback.
• Recent Buckhead news, discussion (Urbanize Atlanta)