I really love this tower and I’m looking forward to seeing it completed. The glass they are using is so beautiful and it really captures just about everything around it. The glass is nearly up to the residents level.

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Above: The View from 40SW

Last month there was a huge condo sale at Park Avenue in Buckhead. This premium unit is located on the 40th floor and sold for $3,450,000 – originally listed at $3,975,000. The condo features oversized rooms, high ceilings, wrap around terraces with spectacular views and even two private 3 car garages. Not bad for being in the middle of everything. I love the interior which is light, open, tasteful and timeless.

This just proves the luxury market in Atlanta is still going strong. Residential sales in the $2,000,000 and up price range are showing no signs of slowing down, with condo sales at the St. Regis, The Mansion and Sovereign continuing at a steady pace. One thing to remember about these luxury buildings is they have a smaller number of units available for purchase and they are more exclusive. Buyers will always pay for quality and luxury.
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The St. Regis Atlanta is set to open on March 1, 2009, where the average sale for a condo for sale is $3,000,000. Pretty hefty price tag for a luxury condo, but even at that price point they have sold all but five of the 50 residences.

The remaining five units are priced at:

Unit 1440 – $4,800,000
Unit 2040 – $4,500,000
Unit 1210 – $3,900,000
Unit 1240 – $3,700,000
Unit 1640 – $3,400,000

Take a look at these photos that show how the building currently looks.

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Download The Mansion Desktop photo.

Above: Standing in the Amenities Lounge looking up to the 29th floor overlook. 

Sovereign was made for entertaining. Servicing 84 residences (maybe less if buyers have combined units), Regent Partners has made living the high life even better for those lucky to call Sovereign home. There are plenty of comfortable places to sit and talk, have a cocktail and relax in complete style. The furnishings are comfortable and modern and everywhere you look there is an interesting mix of materials.
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As mentioned in my previous blog post on July 6, the first Ritz-Carlton Residence in Atlanta will sit on top of 3630 Peachtree’s South Tower in Buckhead.

Prices range from the $600,000′s (for a 995 square foot one bedroom condo) to more than $2,000,000 for a large Penthouse. On the low end, that’s pretty pricey for a one bedroom condo in Buckhead, even with the legendary five-star service of The Ritz-Carlton. That being said, knowing what the finished product will look like, the project should be a smash success. 
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