UrbanizeAtlNewsBot

UrbanizeAtlNewsBot

Posh condo tower on Peachtree Road declared sold out Josh Green Mon, 10/16/2023 - 17:38 One of the largest for-sale condo towers to rise in Atlanta since the Great Recession has officially sold out.

That’s the word today from developer Kolter Urban and the sales team at @properties Development Group/Ansley Real Estate Christie’s International regarding the 45-unit Graydon Buckhead building that finished construction in early 2022.

The last four unsold Graydon units were all placed under contract within the past four weeks, according to project officials.

The 22-story tower marked the first project outside Florida for Kolter Urban, a division of Palm Beach County-based Kolter Group. The developer is now building another luxury condo stack across the street, Dillion Buckhead, that’s selling remarkably fast, according to sales officials.

Designed to evoke “a more elegant age” for buyers willing to pay the price, the restrained, classic Graydon building topped out in early 2021 in the 2500 block of Peachtree Road—months ahead of schedule.

Southward views from The Graydon toward Midtown and downtown. TheGraydon.com

Sales records indicate the Graydon has been closing units since March 2022, with prices ranging from $1.59 million to more than $8.2 million for the largest Graydon residence known as “The Estate” plan. That 5,850-square-foot penthouse is spread across the full 22nd floor, with another nearly 3,000 square feet of terraces crowning the building. It sold in April last year.

Perks of the building include a grand lobby with concierge service, a yoga lawn, lap pool, dry sauna, private dining room, large fitness center, and what’s described as an “outdoor, fireside summer kitchen.”

“Everyone who has visited The Graydon has been impressed by the luxurious experience the building provides,” John Goldsworthy, @properties Development Group’s director of sales, noted in today’s announcement.

“The Graydon’s sales success is proof that Atlanta has an appetite for well-designed ultra-luxury product,” added David J. Tufts, @properties Development Group’s founding and managing partner.

Common perks include 50-foot terraces with Francois outdoor fireplaces.Graydon Buckhead/Ansley Real Estate; via YouTube

Graydon Buckhead/Ansley Real Estate; via YouTube

Kolter Urban bought the 1.8-acre Graydon site in 2019 for $13.5 million, banking on pent-up demand for deluxe multifamily options with views over Atlanta’s urban forest and cityscape.

Designed by Rule Joy Trammell + Rubio architects, the building marks the largest new intown for-sale condo project between Buckhead Village’s The Charles and the 279-unit Seven88 West Midtown tower on West Marietta Street. The project’s name pays homage to prominent Buckhead landowner Wesley Grey Collier, whose home was located in the area, also on the west side of Peachtree, just south of Muscogee Avenue.

See sample interiors and highlights of the finished property in the gallery above.

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