While inventory in the Atlanta luxury condo market remains sparse, demand has continued to rise steadily. We still have great options for home buyers looking to purchase high-end condominiums, but the choices have narrowed down somewhat. We only have so many high-end buildings to choose from right now, and there are only a handful of projects on the horizon. Those projects won’t be completed for at least a year or two. Granted, we have had a huge number of new towers going up, but they are all rental buildings. I expect some of those to convert to condos as well, but we have some time before that happens.
The Buckhead market continues to be very strong and sales at the The Residences at The Mandarin Oriental Atlanta are so good, they are approaching a complete sellout. Because of this demand, the owners of Mandarin Oriental, Atlanta have made the decision to repurpose four floors of the building that were originally earmarked for expansion of the five-star hotel and instead build-out seven additional luxury condos for The Residences. It looks like there will be three floors with two condos per floor and one additional full-floor condo.
Towering above Peachtree Street in one of the most vibrant areas of Buckhead, these new homes are now under construction and will be released later this spring. Expect to find high-end amenities like Wolf and Sub-Zero appliances, 360-degree views of the Atlanta skyline and uber secure biometric keyless entry. The new Residences will also feature floor plans unique to the building design and shape.
Additionally, the Garden Villas are also planning their own launch with redesigned floor plans (ranging from 4,000-5,000 square feet), expansive terraces and beautiful front lawns overlooking the English Garden. Each has its own multi-car garage separate from the main residential parking garage.
There is a lot going on at The Mandarin! It’s all very exciting and a true testament to how far Atlanta’s luxury condo market has come in recent years.
What’s for sale at The Mandarin? Click on over to atlantaSKYrise and find out!