A 1930s Midtown property that achieved permanent historic protections alongside a stylish renovation in recent years has hit the open market.

Nik Hatzis of City Realty Advisors tells Urbanize Atlanta his company has listed the historic Winnwood Apartments—now rechristened Studio Revival Apartments—for sale at 1460 West Peachtree Street, following a two-year renovation that wrapped this past summer.

City Realty Advisors also sold the unrenovated apartment building to developers in late 2019. Prior to that, the brick-built complex had been in original family ownership since it was developed in the early 1930s.

“It’s now historic with a facade easement in place and cannot ever be redeveloped,” said Hatzis.

No list price for the 48-unit Studio Revival Apartments has been set. Instead, Hatzis said, sellers are letting the market determine pricing.

A recent aerial showing the circa-1931 apartments in the context of existing Midtown buildings and forthcoming development. Courtesy of City Realty Advisors/Studio Revival Apartments

Examples of reimagined interiors around the former Winnwood Apartments. Courtesy of City Realty Advisors/Studio Revival Apartments

Built in 1931, the Winnwood Apartments had been the subject of redevelopment talks for several years. The two-story structure was built in a Georgian Revival-style by the once-prominent Atlanta firm H.W. Nicholes and Sons, and it reflects popular residential architecture from the early to mid-20th century. According to preservation organization Easements Atlanta, it’s one of the last examples of this architecture style left standing in the city.

GBX Group partnered with Easements Atlanta and developer Urban Landings to refurbish and reconfigure the building into four dozen units—all micro apartments and one-bedrooms. Previously, the Winnwood’s rentals were either two or three-bedrooms.

Today, the property is marketed as “modern luxury living in a historic masterpiece,” with rents starting at $1,700 monthly for fully furnished apartments.

Apartment sizes range between 343 and 668 square feet.

In terms of location, City Realty notes Atlantic Station is 1/4 mile away, the BeltLine corridor a mile east, and Piedmont Park about a mile and ½ southeast.  

Prior to renovations, project heads told Urbanize Atlanta the apartments wouldn’t have a standard affordable housing component, but would attempt to tackle affordability by building efficient spaces with top-flight finishes at a discount to new rentals in flashier developments.

Sample kitchen design at Studio Revival Apartments. Courtesy of City Realty Advisors/Studio Revival Apartments

Courtesy of City Realty Advisors/Studio Revival Apartments

The property is unique in that it allows renters to “live the Atlanta dream” for leasing terms between just 30 days to several years, via a flexible living program, per marketing materials.

Urban Landings succeeded in earning a spot for the property on the National Register of Historic Places in 2021. That enabled developers to access historic tax credits that helped make the project financially viable, officials have said. Winnwood’s ownership group also donated the façade easement to Easements Atlanta, ensuring the complex’s exterior design is permanently protected while making the project eligible for more tax incentives.

Property surrounding the historic structure where a mixed-use high-rise was planned is instead heading for foreclosure proceedings this month, according to Fulton County filings.

Find more context and photos of the renovated Midtown landmark in the gallery above. 


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