Pollack Shores Real Estate Group has begun work on demolition of a mid-rise office building at 1888 Emery Street in Buckhead to make way for Millworks, a 345-unit luxury apartment community. Amenities for the one-, two-, and three-bedroom apartments will include a resort style pool, outdoor kitchen and bar with cabanas, a dog park and spa, bocce ball courts, a game room and a multi-purpose art and events studio. Units at Millworks feature quartz countertops, stainless steel appliances, plank flooring and under mount sinks. Millworks is scheduled to have the first units available in late 2016. Matrix Residential, the multi-family residential management division of Pollack Shores, will manage the property. Pollack Shores’ most recent Georgia projects include The Jane, a 280-unit community and The Monroe, an upcoming 217-unit community, both adjacent to Bobby Jones Golf Course and Atlanta Memorial Park in Buckhead. Pollack Shores is also developing The Local on 14th Street in Midtown.
Atlanta Real Estate entrepreneur Karen Rodriguez has launched her own company, Group Kora, a full-service real estate group specializing in luxury Intown properties. The company is currently at work selling The Residences at the Mandarin Oriental in Buckhead, a project Rodriguez took on in 2013 after selling out the nearby $100 million Ritz-Carlton Residences.
Cyan on Peachtree is now open in Buckhead, with 329 luxury rental apartments with one-, two-, and three-bedroom floor plan options, as well as two- and three-bedroom penthouses available. The 22-story building has apartments ranging from 580 to 1,523-square-feet. Monthly rental rates begin at $1,525 and up for a one bedroom; $1,926 and up for standard two-bedroom homes; two-bedroom penthouses from $4,142; and three-bedroom penthouses from $5,067. Visit cyanonpeachtree.com for more information.
The Residences at The St. Regis Atlanta have announced that the luxury condominiums are now 80 percent sold with only 11 units remaining. The latest milestone was achieved following two major sales totaling more than $7.5 Million. The Residences also holds the record for four of the highest-priced condo sales in Atlanta as well as the highest price-per-square foot records. The most recent sales include a 6,824 SF unfinished unit for $5,056,584 and a 3,684 SF unfinished condo for $2,590,000. For more information on the remaining residences, contact Jay Jacob at The St. Regis Atlanta at (404) 563-7795, or visit 88westpacesferry.com.
Greystar has begun leasing Elan Lindbergh, a new 358-unit luxury apartment community at 741 Morosgo Drive in Buckhead. The community will offer studio, one and two-bedroom apartment homes ranging in size from 576 to 1,341 square feet of living space. Amenities will include a community clubhouse with a state-of-the-art fitness center, yoga studio, billiards room, entertaining kitchen and Wi-Fi lounge. Residents will enjoy the resort-inspired swimming pool with sundeck, cabanas, aqua lounge, bocce ball court, outdoor kitchen and grilling stations. The pet-friendly community will include electric car charging stations, secured bike storage, a dog park and garage parking with controlled access. Construction is expected to be completed by November 2015. For more information, visit ElanLindbergh.com.
Westbridge Partners and the Martin family (Midtown West Associates/ Brickworks) have entered into a partnership to transform the last buildings of the historic Miller Union Stockyards district into cutting-edge office and retail space. The Martin family has owned the three-acre property located at the corner of 10th Street and Brady Avenue in West Midtown for more than 50 years as part of their larger 15-acre holdings in the neighborhood. The property includes two historic meat-packing buildings constructed in the early 1900s. When it is complete Stockyards Atlanta will include class A office space aimed at technology companies, entrepreneurs and startup companies coming out of nearby Georgia Institute of Technology. The street-level will include retail and restaurant space. Construction is expected to begin in the fourth quarter of this year with a targeted opening of summer 2016.
University House Communities has announced that as construction is nearing completion on University House Midtown, the student apartment community at 930 Spring St., is 100 percent pre-leased. In August, the community will welcome its first residents for the 2015/2016 school year, serving students from the Georgia Institute of Technology. The 20-story building, which features 268 units and 706 beds, also includes more than 9,000 square feet of street level retail, with Insomnia Cookies as the first named tenant.
With the sale of 450 Blackland Road, a Tuxedo Park estate offered at $4.75 million, Debra Johnston of Berkshire Hathaway HomeServices GA Properties has recorded the highest price sale year-to-date in its Luxury Collection division. The custom-built estate, purchased by an out-of-state buyer, is situated on 1.45 acres. Glennis Beacham of Beacham & Company, Realtors sold 3668 Tuxedo Road in the Tuxedo Park neighborhood for $5,15 million. The approximately 3.9 acre lot is a gently rolling, flat building site with 350 feet of frontage on Tuxedo Road. The lot is already cleared for home construction. The sales are two of the highest in Atlanta this year.
Atlanta’s historic Daily World Building is the recipient of an “Award of Excellence” as honored by the Atlanta Urban Design Commission. Gene Kansas | Commercial Real Estate bought the Auburn Avenue property after it was severely damaged by the 2008 tornado that hit Downtown. The former home of the first successful African-American newspaper in the country, the upstairs now has apartments while Condesa Coffee and Arden’s Garden have the retail spaces on the ground floor.
Harry Norman, Realtors has promoted Chris Burell to Senior Vice President and Managing Broker of the Harry Norman’s Intown Office. Burell brings over 10 years of real estate and industry leadership experience to his new position. In 2005, Burell began his real estate career as a sales associate in Harry Norman’s Intown office.