If you haven’t been to Paramount, it’s tucked away behind The Mansion on Peachtree and is within walking distance to everything you could ever want. First class hotel accommodations, fine dining and the best shopping in Atlanta are only moments away. Read the rest of this entry

The Mansion on Peachtree sold yesterday at an auction to iStar Financial for $66.1 million. That’s nearly a 65% drop from the estimated $197.4 million in loans for the project. In June 2009, the duplex penthouse shell sold for $4,000,000 - nearly 61% off the original asking price. Read the rest of this entry

Streets of Buckhead developer Ben Carter said Wednesday he is in talks with private investors to raise $200 million to resume work on the stalled luxury retail project. Carter told The Atlanta Journal-Constitution he conferred last week with investors about how to get the massive development completed. Unable to get a traditional bank loan amid the credit crunch, Carter said he has been seeking private investment money instead — a position many developers are in. Read the rest of this entry

The new year is off to a bang with the December closing of Sovereign’s penthouse 4801. The 9,572 (combined interior and exterior) square foot space closed at $4,200,000 ($535 psf - based on interior square footage) This is the highest priced condo sale in the building so far, but definitely not the highest priced closed sale in Atlanta.

The unit is raw space, so the buyers have every opportunity to design their dream home, with the build-out managed by Regent Partners. The penthouse is one of two true penthouse units in the building and are the highest residences in Atlanta. The penthouse was initially offered at $7,480,000

See my original blog post on the penthouse here.

Some examples of floor plans for Penthouse A & B can be found in a previous post

Penthouse A - Unit 4801A
Floor 48
7,853 average interior square feet
1,719 average terrace square feet
$952 per square foot
Current state: raw space
Offer Price: $7,480,000