Demolition may have kicked off months ago, but another Peachtree Street high-rise is now officially moving forward with a goal of creating the “highest levels of amenities and finishes offered in Midtown,” as the development team boldly predicts.
Formerly known as “Rhapsody,” the unnamed project at 1441 Peachtree Street will rise 28 stories and include 350 apartments in the Midtown Arts District, officials announced today.
Capital City Real Estate bought the 1.5-acre property from internet company EarthLink in 2019 for $15.2 million, according to property records. The Washington, D.C.-based developer is now partnering with Atlantic Residential, FIDES Development, and Mitsui Fudosan America, the U.S. subsidiary of Japan's largest real estate company, on the project.
Crews began demolishing EarthLink’s former 40,000-square-foot Midtown offices this past spring to begin work on the tower’s six-level parking structure, according to building permit filings.
As a fresh batch of renderings illustrates, the building will have a flat façade over retail on Peachtree Street, with a stair-stepped design leading down toward residential Ansley Park on the backside, where amenity levels will be positioned.
Piedmont Park is located a few blocks to the southeast, and cultural institutions including the High Museum of Art are just down the street.
Earlier plans for for-sale condos have been nixed. Instead, the building will offer rentals ranging from studios to three-bedroom floorplans, many with balconies or terraces, plus finishes such as gourmet kitchens and LED lighting packages “found in high-end condominium buildings,” per developers.
Two restaurant spaces at the lobby level will include huge glass windows and soaring ceilings. Elsewhere, a “stunning internal sky bridge” will lead renters to collaborative and private coworking spaces, a gym, wine bar, pool with sundeck, and a rooftop bar and lounge with views from Buckhead to Midtown predicted to be “breathtaking,” according to today’s announcement.
Officials say the first apartments are scheduled to deliver in June 2024. (See the gallery for a more detailed preview.)
The 1441 Peachtree project isn’t the only high-rise construction bringing new rental options to Midtown’s northern blocks.
A block to the west, JPX Works and Zeller recently broke ground on a 31-story apartment building at the intersection of 18th and Spring streets.
Meanwhile, Greystar’s 33-story apartment venture continues to climb at the corner of Peachtree and 17th streets.
• Recent Midtown news, discussion (Urbanize Atlanta)