Under-construction condo tower reports being 75 percent sold out Josh Green Thu, 07/11/2024 - 12:42 Despite topping out just seven months ago, a project billed as Buckhead’s only option for new luxury condominiums is three-quarters sold out, with plenty of construction left to complete.
Atlanta Fine Homes Sotheby’s International Realty Intown reports The Dillon Buckhead, a rare stack of for-sale multifamily units in the city, has surpassed $190 million in sales for units that won’t be available until late this year. That’s good for 75 percent of the building, or roughly 108 condos.
Two years ago this month, work on the 18-story building—the second Atlanta project for Palm Beach-based developer Kolter Urban—kicked off with demolition of low-rise structures at 2425 Peachtree Road. Prices for one-bedroom condos now start in the $900,000s, but all units at that price point are under contract.
The 144-unit project topped out last fall and is starting to resemble a finished product from several angles. Meanwhile, work continues on The Dillon’s amenities, which are expected to cover more than an acre of total space, both indoors and out.
The full building remains on pace to be finished and see first move-ins in the fourth quarter of 2024, construction officials have recently said.
Aerial photo of The Dillon project from June showing construction progress along Peachtree Road in Buckhead. Kolter Urban/The DillonBuckhead.com
Kolter Urban/The Dillon
Prices for Dillon condos without contracts currently start at $1.49 million, which buys two bedrooms and three bathrooms in 1,886 square feet. One top-floor penthouse that’s pending sale was listed for $4.2 million, the priciest listing to date.
The smallest floorplan currently offered (but under contract) has two bedrooms and two and ½ bathrooms in 1,470 square feet.
The Dillon’s perks call for concierge services, a formal clubroom with a catering kitchen, a dog park, pool deck, outdoor yoga terrace, a speakeasy, a media room with a game simulator, and a pickleball court. An indoor-outdoor section called The Hub will offer both private and semi-private workspaces for the WFH set, plus a conference room. Elsewhere, some condos will be held as guest suites, officials have said.
Kolter Urban purchased the required three parcels—located next to the Peachtree Battle Promenade shopping center, home to Whitehall Tavern and a Publix—in 2021 for $16.5 million. To the immediate south, roughly half of the historic book bindery building, formerly home to Peachtree Battle Antiques and Interiors, has been preserved, including the brick house-like structure that fronts Peachtree. The Dillon’s sales center has taken that space.
View of the building's pool amenities level atop parking. Kolter Urban/The DillonBuckhead.com
The Dillon project's 2451 Peachtree Road site, between Midtown and Buckhead Village. Google Maps
Just up the street, Kolter Urban’s first foray into the Atlanta market—the sold-out, 22-story Graydon Buckhead—saw condo prices begin at $1.7 million and climb to nearly $9 million for a penthouse covering the full top floor. Like The Dillon, the 47-unit Graydon remains a relative anomaly in terms of Atlanta multifamily ventures the past decade. It marked the largest intown condo project between Buckhead Village’s The Charles and the 279-unit Seven88 West Midtown tower on West Marietta Street in recent years.
At The Dillon, two Atlanta-based companies—The Preston Partnership (architecture) and Integra Construction (general contracting)—are part of the development team, alongside interior designers ID & Design International.
The building’s Sotheby’s sales team said Dillion units were landing buyers at “record levels” in earlier phases. That included $62 million in pre-sales in 2022 and another $30 million in contracts inked across March and April alone last year. Most buyers are downsizing from larger single-family homes and seeking a highly amenitized, low-maintenance lifestyle in a walkable location, sellers have said.
Find a closer look at where The Dillion stands today—and how it’s expected to look and function soon—in the gallery above.
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Images
Aerial of The Dillon's three-parcel Peachtree Road site, at center, shown prior to demolition. Google Maps
Aerial photo of The Dillon project from June showing construction progress along Peachtree Road in Buckhead. Kolter Urban/The DillonBuckhead.com
View of the building's pool amenities level atop parking. Kolter Urban/The DillonBuckhead.com
Kolter Urban/The DillonBuckhead.com
Kolter Urban/The DillonBuckhead.com
The Dillon project's 2451 Peachtree Road site, between Midtown and Buckhead Village. Google Maps
Plans for the building's covered "arrival plaza." Kolter Urban/The Dillon
A revised amenities level rendering that now includes, of course, a pickleball court, as shown at bottom right. Kolter Urban/The Dillon
Kolter Urban/The Dillon
Kolter Urban/The Dillon
Floorplan for the largest Dillon floorplan currently listed: Three bedrooms, three and ½ bathrooms with a den in 3,227 square feet, with another 504 square feet on the exterior. The Dillon Buckhead/Kolter Urban
Renderings lend an idea what larger Dillon condos will offer, including expansive balconies with southern Buckhead and Midtown views. Courtesy of Kolter Urban
Courtesy of Kolter Urban
The Hub, an indoor-outdoor coworking space. Courtesy of Kolter Urban
Planned look of the Dillon building's The Library. The resident-only "speakeasy" will have a movie theater lounge, game simulator room, and weekly events. Courtesy of Kolter Urban
Fireplace and artwork in the residential lobby. Courtesy of Kolter Urban
The resident clubroom will include a catering kitchen, per project officials. Courtesy of Kolter Urban
The coworking space. Courtesy of Kolter Urban
A main entry point to the Dillon building. Courtesy of Kolter Urban
Subtitle Sotheby's: Sales at Peachtree Road’s The Dillion have surpassed $190M mark
Neighborhood Buckhead
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