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?