Remember the One Museum Place project a while back? Well the prime Midtown site at 1301 Peachtree Street is about to get a new owner, and some new life.

The nearly 2-acre tract of land is owned by John Wieland of John Wieland Homes & Neighborhoods Inc. According to the Atlanta Business Chronicle, Weiland has two offers for the property and expects to have a deal as soon as 30 days. Fantastic, because we are running out of new condo projects and units (I don’t know if you have been looking, but inventory is tightening up very quickly).

On April 9, 2010, I let you know about one of those potential buyers, Alvin D. James, who was interested in building yet another hotel/retail/office/condo project. His revised $150 million plan includes a 30-story mid-rise tower with a 5-star, 150 room hotel, 70 luxury condos and 24 penthouses (along with high-end retail and 3 restaurants). Oh, did I mention there may also be a performance hall, spa, pool and meeting space? All in a 650,000 square foot tower. With two potential bidders, James may not even see his plans come true, but lets hope so!

Could the luxury hotel brand be a Peninsula Hotel or Shangri-La Hotel? We already have most other luxury hotel brands scattered in Buckhead and Midtown.

I’m looking forward to seeing what happens with the land and what they are actually going to build.

At Atlanta Fine Homes Sotheby’s International Realty, we represent some of the absolute finest pieces of real estate in the world. This jaw-dropping Buckhead penthouse is no exception. I’m bringing you the exclusive on this space and you won’t find it anywhere else. In fact, this property isn’t even really listed and I can’t even divulge where it’s located, other than letting you know we are definitely in Buckhead. Don’t worry, there will be plenty to talk about and you will have visual overload by time we are through (and remember to click on the photos to make them larger).

The two-story space was purchased quite some time ago as raw space (or as a shell – to which I have referred many times) and that allowed the owner to completely customize the space as they desired. That wasn’t an easy feat considering there is over 7,500 square feet of interior space and over 2,300 square feet of terraces. I know your mind is racing! This truly is a one-of-a-kind space and there isn’t anything like it in Atlanta. Click Here for More Photos & the Rest of the Feature

The St. Regis Buckhead shines brightly at the top of the condo market closing yet another shell in the 53-unit building.

Residence 2530 sold for $4,200,000 and had approximately 5,625 square feet of space – which works out to be $747 per square foot. In March, Residence 1520 sold for $3,670,590 ($735 per square foot) as a shell also. That unit had about 4,994 square feet of space.

Those are big numbers for the condo market, especially considering this is completely raw space – no walls, no nothing. Just bring your wallet, imagination, architect and interior designer. The raw space concept hasn’t done so well in Atlanta previously.  Buyers seem to have a hard time figuring out what to do with the space, which is why you have to have a finished product (complete with furniture) in order to sell Atlanta condos. I happen to be a huge fan of unfinished spaces. I’d rather have the freedom to design the way I want to live, rather than conform to what someone else wants me to fit into. Make sense?