Kolter Urban, a Florida condominium developer, has confirmed plans for its latest high-rise condominium project at 102 West Paces Ferry Road, directly adjacent to the iconic St. Regis Atlanta hotel and residences. This marks Kolter Urban’s third major venture in Buckhead, following the sell-out success of the 22-story Graydon and the nearly completed Dillon Buckhead that is located next to the Peachtree Battle shopping center.
Documents filed with the city of Atlanta on October 22nd state that “The proposed project includes the demolition of a shopping center and associated parking lot and the construction of a high-rise multifamily condominium building with integral parking deck and ground floor active use amenity areas. 198 condominium units: (12) 1-bedroom (108) 2-bedroom (78) 3-bedroom 448 parking spaces” The architectural firm behind the design is Rule Joy Trammell + Rubio LLC and engineering firm Kimley Horn submitted the proposal to the city.
Kolter Urban in Buckhead
Kolter Urban has been the only active condo developer in Buckhead since the 2019 completion of The Charles condominium building. Despite financing challenges and market uncertainties that have held back other developers, their first two Buckhead projects demonstrated strong demand for high-end condos in the area. The Graydon Buckhead, completed in early 2022, achieved remarkable success, with units selling at an average of $2.7 million. The Dillon Buckhead, an 18-story tower on Peachtree Road, is nearing completion, with all but a few of the 144 units sold, and closings anticipated to begin within weeks.
102 West Paces Ferry
The 102 West Paces Ferry Road site is Kolter’s most exclusive location yet. The positioning across from Whole Foods and adjacent to the St Regis Hotel and condos will likely appeal to those downsizing from single-family homes in the adjacent neighborhoods.
The redevelopment of the largely vacant strip mall at 102 West Paces Ferry Road will complete long-delayed “Phase III” of the 1984 master plan that has resulted in the St. Regis, the 92 West Paces Ferry apartment tower, and the Buckhead Plaza tower complex at West Paces Ferry and Peachtree Road.
This latest plan for the site replaces a more ambitious 2022 plan by Atlanta developers Kent Levenson and George and Ned Burkow. That plan was very well received by the community, but their proposed hotel, apartment, and office tower never got off the ground.
Committee review to come
Meanwhile, Kolter’s plans have yet to be presented to the Development Review Committee (DRC) of Special Public Interest District 9 (SPI-9), a special, detail-oriented zoning district that provides oversight for development in the area. A rendering of the proposed condo building obtained and published by The Atlanta Business Chronicle shows a fairly generic modern glass tower. If history is any guide, the DRC committee will likely weigh in on the aesthetics of the building to recommend additional stone cladding and other classical details as they continue to shape the curb appeal of the ever-popular Buckhead Village.
