We have our first official 2010 announcement of a mixed-use project – including condos! Alvin D. James, a veteran broadcasting industry executive, plans to develop the unnamed project on the site of the former One Museum Place condo project at 1301 Peachtree Street, directly across the street from the High Museum.

With an estimated cost for the project of $350 million, the plans include a five-star hotel, street-level retail space, a spa, three restaurants, two pools and a fitness center, as well as an on-site fine art museum to house Wieland’s private art collection for the first year. 24 residences will be above the hotel. He is also planning a separate condo tower with 50 units. James said his luxury condo units will start in the low $700,000s and penthouse units will start at $1.2 million.

James is in talks with three international hotel brands as a flag for the hotel, which he plans to open in spring 2012. He said a European hedge fund, which he did not name, is fully funding the $350 million project. Design Reese Architects and Associates P.C. in Atlanta is designing the hotel.

The Atlanta Business Chronicle broke the story in today’s edition.

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The Mansion on Peachtree is making headlines again. The building is up for sale, not auction (as reported in the Atlanta Business Chronicle) with a $14,000,000 increase in price (a total of $80,000,000). Everyone’s trying to make a profit these days! Even the duplex penthouse which sold for $4,000,000 is back on the market again – with a $1,000,000 price increase. With only six closed sales (two of which were to the same buyer), the building has had it’s fair share of problems. On the bright side, the hotel is flawless and the building’s prime Buckhead location is going to be a strong selling point when the dust settles.

Buckhead has its share of luxury condo buildings, but no other building comes close to the unique floor plans Sovereign offers its residents. With condos starting on the 28th floor, each residence features astounding views and top-of-the-line finishes. Soaring high above the Buckhead skyline, the Barbara Westbrook designed 43rd floor model (plan K) is no exception. It’s priced furnished at $3,281,000. Click Here for More Photos & the Rest of the Feature

Pictured above is the unobstructed, gorgeous view from your large terrace, below is the view from the living room.

Just a quick update on my listing at Park Regency in Buckhead. The price has been lowered from $369,000 to $339,00 and you can now take a virtual tour of the condo. This particular unit is loaded with luxury upgrades and also has a half-bath off the foyer which was put in during the buildings construction.

Take a look at the virtual tour by clicking here. When the page loads, click “start tour” and select either still photos or panoramas.