Mansion on Peachtree, Yours for $80 Million (this time)
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.