Now that the controversial Buckhead City secession push is destined for hibernation, it’s time to return to the regularly scheduled programming of discussing Buckhead housing that only Atlanta’s upper crust can afford.
Or maybe not. (Okay, yeah, probably.)
Kolter Urban, a Florida-based real estate development and investment firm, has announced pricing for the second Buckhead condo tower the company plans to build within two blocks of Peachtree Road—another rare, large-scale addition of for-sale multifamily units in Atlanta called The Dillon.
The good news for aspiring condo owners of Atlanta? The new building’s offerings will start at about 40 percent the price of Kolter Urban’s cheapest built condos in Atlanta.
The less-sunny way of looking at it? One-bedroom condos at The Dillon will still cost more than many standalone houses, including totally charming residences in Buckhead neighborhoods such as Peachtree Park and Peachtree Hills.
According to sales reps for The Dillon—an 18-story project expected to add 144 condos to the market—prices will start in the $700,000s for one, two, and three-bedroom units.
Penthouses atop the building with city views across Atlanta’s treetops, meanwhile, will start at $2 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.
Sales are expected to open this month, but a construction timeline for The Dillon hasn’t been specified. Building permit records show no recent activity related to condo construction at the corner in question.
Just up the street, Kolter Urban’s first foray into the Atlanta market—the 22-story Graydon Buckhead, which remains under construction—saw condo prices begin at $1.7 million and climb to more than $8 million for a penthouse covering the full top floor. That building has less than 1/3 of the total condos The Dillon will have, according to the developer’s plans.
The 47-unit Graydon is still a relative anomaly in terms of Atlanta multifamily ventures the past decade. It marks 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.
The Dillon’s 2451 Peachtree Road sales center, expected to open this month, was occupied by Design Within Reach until about five years ago, when the modern furniture studio decamped to a new West Midtown location. 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 response to the WFH zeitgeist, The Dillon will incorporate an indoor-outdoor amenity called The Hub with private and semi-private work spaces, plus a conference room. Other amenities will include concierge, a formal clubroom with catering kitchen, a dog park, loaded pool deck, a speakeasy, a media room with a game simulator, and yes, a pickleball court.
• Recent Buckhead news, discussion (Urbanize Atlanta)