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Real Estate Briefs

►The owners of Peachtree Center in Downtown won’t confirm several social media postings that it plans to convert one of its office towers into residential. A Linked In post by real estate agent Tim Wright with Avison Young said the 27-story South Tower of Peachtree Center would be converted to 340 residential units by 2023. Whether the residential will be condos or apartments is unclear. However, Taylor White, the principal, senior managing director and chief investment officer with Peachtree Center’s owner, Banyan Street Capital, would not confirm or deny the project in a statement emailed to Atlanta Intown. “We are big believers in the future of Downtown Atlanta and have made significant investments at and around Peachtree Center, such as our Ascent Peachtree project. While we are excited about the possibilities for this tower, it’s too premature to share specific plans at this time.”

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4744 IVY RIDGE DRIVE Atlanta, Georgia 30339 OFFERED FOR $774,900

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c. 404.625.4134 | o. 404.874.0300 carmenpope@atlantafinehomes.com atlantafinehomes.com | sir.com ▲Ken Covers of Engel & Volkers Atlanta made the highest sale in Morningside for the year with a $3.3 million stately mansion 1664 W. Sussex Road NE. The completely renovated, six-bedroom circa 1949 home was only on the market for a month before it was snapped up. ◄The 13th annual Home for the Holidays Designer Showhouse & Marketplace is welcoming visitors now through Dec. 12. This year’s home is located at 3466 Old Plantation Road and is decorated to the nines by some of the region’s top designers. There’s also pop-up shops, floral demonstrations, candlelight tours and more. For details and tickets, visit atlantaholidayhome.com.

▲McShane Construction Company was selected by Mercy Housing Southeast and their partner, Project Community Connections Incorporated, to build Thrive Sweet Auburn. The new mixed-use development will combine117 affordable apartment units with 11,400 square feet of ground-floor office space for PCCI. Twenty-three of these units will be permanent supportive housing for individuals and families transitioning out of homelessness. ►Condo development 40 West 12th has opened to its first residents and prospective buyers. Co-developed by Selig Development and Rockefeller Group, the building offers 64 residences at mixed-use 1105 West Peachtree, which includes the new Epicurean Atlanta hotel and an office building anchored by Google. Current pricing at 40 West 12th ranges from $1.1 million to $2.6 million and above, with Engel & Völkers Atlanta leading the sales efforts. Find out more at 40west12th.com.

Size: 10"x8.25" Publication: ATL in town Investment firm Colliers recently closed a $19,200,000 construction loan on a 140-unit, two-building multifamily project in the Old Fourth Ward. The 105,650-square-foot project, which will reach completion during the fourth quarter of 2022, is the first non-lowincome development in the Boulevard subdistrict of the Old Fourth Ward neighborhood. Seven88 West Midtown was recognized at the 41st annual OBIE Awards with three Gold and two Silver OBIEs for its floor plan and model home design, as well as its marketing efforts. The OBIE Awards, presented by the Atlanta Sales and Marketing Council on behalf of the Greater Atlanta Home Builders Association, recognize outstanding achievements in the homebuilding industry. ◄ The first Kingsboro at Lenbrook residents have already moved in, and just a few of the new 39 flats and 14 villas remain available for sale. All residents are able to enjoy Lenbrook’s acclaimed services, programs, and amenities including five distinct dining venues as well as a continuum of on-site healthcare services. Find out more at lenbrookatlanta.org.

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Robert Fairer, Model Mariacarla Boscono backstage at John Galliano’s Spring/Summer 2002 runway show