The Lindbergh area of Buckhead will soon add to its emerging skyline with the silver-blue and glass high-rise appropriately named Skyline at Lindbergh, a condominium development by Chicago’s famed MCL Companies and Atlanta’s George S. Morgan Companies.
Construction of the 260,000-square-foot, 24-story tower of Phase one will begin this spring and will be completed by the fall of 2008. The project is located on 3.4 acres at the corner of Morosgo Drive and Adina Street. A sales center for prospective residents opened at Lindbergh Plaza Feb. 19.
MCL Companies, the creator of Skyline, has been developing projects in Chicago, New York, Denver and Florida for more than 20 years. Skyline has been designed by Pieper O’Brien Herr Architects, working in association with Lord, Aeck & Sargent.
The one- to three-bedroom condo homes, priced from the $190,000s to $1 million-plus for penthouses, will feature hardwood floors, generous walk-in closets, stainless steel kitchen appliances, 42” European cabinetry, stone bathroom countertops with under-mount sinks, designer-selected wall and floor tiles, and split masters in many floor plans.
The Mansion facade inscribed
Buckhead movers and shakers and real estate leaders were frozen in place recently when a 2.5-ton panel of the façade for The Mansion on Peachtree was lowered from a 470-foot crane into the middle of a celebration for the launch of the installation of the 50-story residential tower’s face on Peachtree.
At the party hosted by developer John A. Williams, City Centre Properties President Clark Butler and vice president Paul Cullen, all guests inscribed their names on the pre-cast concrete panel, carved in Neo-classical style and replicating limestone.
The Mansion high-rise residential tower will be anchored by Atlanta’s first hotel of the Rosewood Hotels & Resorts Collection. The residences at The Mansion are priced from $2.6 million to $12.6 million.
AT&T antes up for Atlanta
AT&T may be moving the headquarters of its recently acquired BellSouth out of Atlanta, but the telecommunications giant recently showed its continued commitment to the city by announcing grants of $1 million each to the Atlanta History Center and the Piedmont Park Conservancy and another grant of $350,000 for The Atlanta Women’s Foundation.
These grants follow on the heels of the $2 million the AT&T Foundation and BellSouth Foundation provided last summer to the fundraising effort to preserve the MLK Papers as a public resource in Atlanta.
The $1 million for the Atlanta History Center will be used for programming and educational outreach associated with exhibitions, including “I Have a Dream: The Morehouse College Martin Luther King Jr. Collection.” It will provide greater access for children to history programs in the city, through free admission days for youth and other outreach programs.
The $1 million grant for Piedmont Park Conservancy will go to preserve and restore the century-old Piedmont Park and supports the conservancy’s capital campaign.
The $350,000 contribution from 2007-2009 to the Atlanta Women’s Foundation will be used to support leadership development programs for women and girls across the 15-county metro area.
Buckhead hotel for sale
The InterContinental Buckhead hotel is on the sales block.
InterContinental Hotels Group Plc has announced it is selling its flagship Atlanta hotel and is also considering selling its trophy properties in London, Paris, New York, Hong Kong and Montreal.
InterContinental Hotels Group Plc is the world’s largest hotel company by number of rooms.
Steve Porter, president of IHG’s America’s division, which is based in Atlanta, said the company invested $110 million building and opening the InterContinental Buckhead, and he expects to get a “premium” on that.
The hotel wants to negotiate a sale that will keep the InterContinental flag and management team. He said that the sale of other trophy properties around the globe would have that same requirement.
“The Buckhead hotel has done so much for the company and been hugely accepted here in the business and social communities, for a very efficient investment. It reinvented the notion of a luxury hotel in Buckhead on Peachtree.”