About six months after groundbreaking, another boutique condominium venture in Atlanta’s Castleberry Hill Lofts neighborhood took shape on a previously vacant lot.
Developed by Capital Design Group of 27 units Lyric Loft The project will be assembled at 346 Peters Street, near the junction of Castlebury and Adare Park and Pittsburgh.
This is another example of low-rise new condos that nearly went extinct in Atlanta a decade ago but are slowly making a comeback.
Described by marketers as an “industrial loft reimagined,” the Gamble + Gamble Architects-designed building has four floors and includes retail space in the basement. The view of downtown from the communal roof terrace has been described as ‘amazing’.
Lyric Lofts were originally scheduled for completion in 2021, but construction didn’t begin until late this winter. start rumbling(Atlanta Fine Homes Sotheby’s International Realty’s listing agent previously told Urbanize Atlanta that he expects to see what CIM Group’s Centennial Yards does to Castlebury. [New York] I did it for the Meatpacking District. ”)
Lyric Lofts was an attractive pre-construction offer, but seven units were contracted and pulled out of the market in March, with plans to relist in April depending on market and supply chain conditions, officials said. said at the time.
At the time, the building was scheduled to be handed over this fall. I asked the sales team for the latest delivery updates and available homes at Lyric Lofts. I will post any additional information. [UPDATE: 2:02 p.m., August 10: Angela Beck, Atlanta Fine Homes Sotheby’s International Realty listing agent, emails the following: “Realistically, we’re looking at end of the year or early 2023 (for completing construction). Updated pricing and availability is expected to be released in late August.”]
The remaining condos range in price from $300,000 to $600,000, according to the building’s promotional website.
Previously, prices ranged from $235,500 for a 746-square-foot one-bedroom to $624,950 for a two-story, three-bedroom penthouse at 1,842-square-feet.
One garage parking space will be available per unit, about half of which will have EV charging capability, and the HOA fee will be 30 cents per square foot, a salesperson previously said.
New boutique condo construction was rare, if not non-existent, in post-Great Recession Atlanta. Recently, a limited number of projects have sprung up. Ormwood Park, KirkwoodWhen Decatur To brand town.
Elsewhere in Castleberry Hill, 8 Loft Condo Developed by HGTV star Ty Pennington, it debuts in late June and is priced between $508,000 and $1.35 million. According to the listing service, these condos have yet to reach a deal.
Head to the gallery for a glimpse of what the Lyric Loft Infill project brings to Peters Street and where it stands today.
• Castleberry Hill News, Discussions (Urbanization of Atlanta)