The Residences at the Mandarin Oriental Atlanta in Buckhead might be finally coming to a tipping point. They recently released a smaller unit with roughly 2,000 interior square feet on the 53rd floor of the building. The price is considerably lower than the other units in the building – $1.399 million. Could they be realizing the sweet spot for condominium buyers is around a million?
Lets face it, the building has had its fair share of ups and downs, but I think this is a step in the right direction. Lowering the price point to a place where a lot of activity is taking place is a smart move. The existing units in the building (that have been built out already) are still on the market today. They did lower the prices of those units as well by a couple hundred thousand dollars.
Back to 53A. This is a completely custom residence that features an open floor plan with the kitchen, dining and living room overlooking a huge covered terrace (with a fireplace and gas grill). The master bedroom has a sitting area, morning kitchen, large bathroom with great views and a huge closet. There is also one additional bedroom with en suite bathroom and walk-in closet.
The unit is located on the 53rd floor and is slightly less than half the entire floor in terms of square footage. The unit next door is a two-story unit which is comprised of a full-floor on 54 and a half-floor on 53.
Priced at $1.399, this will be the lowest priced completed unit in the building. The pricing is slightly more than units in the neighboring Sovereign condominium – where you can get about 2400 square feet for the same price. But then, you don’t have the Mandarine name.
At this point, you can pick out all interior finishes for the unit – as well as make additional changes (not included in the asking price).
What’s for sale at the Mandarin Oriental?