The Mansion on Peachtree opens with less than half residences sold
The Mansion on Peachtree was opening as the Buckhead Reporter went to press and apparently less than half of the luxury residences have been sold.
A Rosewood Hotel & Residence built by City Centre Properties LLC (owned by real estate developer John Williams), The Mansion on Peachtree is a 42-story Buckhead development with 45 residences and a 127-room hotel. It is operated by Rosewood Hotels & Resorts and includes private garden villas and high-rise condominiums.
According to reports, there remain 26 unsold residences, which start at $2.5 million. The first unit in the building closed on tax day, April 15. The hotel opened May 1.
The Mansion has turned over the marketing and sales of the residential units to Tivoli Realty Services, Inc.
The Mansion approach is more a New York-style of condo buying, where the buyer has full control of how the home will look in the end.
Peachtree Hills Place a finalist for housing awards
The National Association of Home Builders (NAHB) recently named the clubhouse at Peachtree Hills Place as one of three finalists in the 2008 Best of 50+ Housing Awards competition for clubhouse interior design.
The awards recognize excellence in design and marketing in the 50+ housing market. Finalists were chosen by a jury of 12 industry experts who spent two days evaluating close to 300 entries. Winners will be announced during NAHB’s Boomers and Beyond Conference in May in New Orleans.
The clubhouse at Peachtree Hills Place is designed in the English arts and crafts style to create a sense of permanence, familiarity and security. It has two levels of community activities, services, and support functions, and three levels of residential apartments. The clubhouse includes ballrooms, community meeting space, a chapel, spa, member conference room and billiard and poker rooms.
The clubhouse also houses the four primary dining rooms for the community.
Isakson-Barnhart Co., LLC is the developer of Peachtree Hills Place.
Harold’s moving from Lenox Mall to Phipps Plaza
Dallas-based Harold’s, a chain of upscale ladies and men’s specialty apparel stores, is moving the store it has had in Lenox Mall for 21 years across the street in mid-May to a 4,300 square foot space in Phipps Plaza.
The move reportedly is to court a more upscale customer.
Harold’s has 43 stores in 19 states with its other area stores in Alpharetta and East Cobb.
Emeril’s closes doors; Tom Catherall moving in
Celebrity chef Emeril Lagasse of New Orleans has closed the doors of Emeril’s Atlanta restaurant at 3300 Lenox Road.
The space, however, will only be vacant for about six months or so Atlanta restaurateur Tom Catherdall plans to open an Asian-concept restaurant in the space in October following a million-dollar makeover.
Catherall will name the restaurant Aja after the classic 1977 Steely Dan album. He said the concept will have elements of Chinese, Indian and Thai cooking. He added Aja will focus on great food, fine wine and a nice atmosphere.
Catherall has been the man behind other successful Atlanta eateries, including Twist, Shout, Prime, Goldfish, and Strip.
He also took over Seeger’s place at 111 West Paces Ferry Road and named it Posh. However, he now is changing the name to Home and has hired “Top Chef” contestant Richard Blais, and plans a menu with items such as MoonPie Coke floats and fried chicken specials. Home will feature dinners in the $20 range instead of the $30 Posh fare.
Jenny Pruitt wins round one against Warren Buffett
It may not be over, but Buckhead real estate icon Jenny Pruitt has won round one against mega-billionaire Warren Buffett.
Fulton County Superior Court Judge Wendy Shoob is dismissing a lawsuit filed against Pruitt by her former company, which is now owned by Home Services of America, one of Buffett’s holdings.
Pruitt was sued last year by Jenny Pruitt & Associates, with the real estate firm she founded claiming Pruitt violated a non-compete agreement after selling the company in 2001.
The suit claimed that Pruitt and son-in-law David Boehmig used proprietary information to solicit business for a competing business, Atlanta Fine Homes, which they started in June.
Shoob recently notified the parties she would issue a summary judgment dismissing the lawsuit for lack of merit.
Shoob’s decision may be appealed.