A Miami-based real estate investment company has entered the Atlanta market by purchasing a well-known recently refurbished Buckhead building that is said to offer a luxurious lifestyle at a relatively affordable price.
Westside Capital Group The Lofts at Twenty25 is a 16-story landmark on Peachtree Road, known for decades as Darlington’s apartment, for $ 136 million, or about $ 218,000 per unit, according to the company’s manager. I bought it at.
The residential tower was built in 1951 and was completely refurbished last year, with thousands of medical services in addition to what Westside officials call a “luxury and experiential life experience” near the intersection of Backhead and Midtown. Offers work. RThe ent is relatively low by buckhead standards, but the floor plan may seem tight to the space-loving Atlantans.
“We believe the Atlanta market, especially Buckhead and Midtown, as an easy-to-walk center in the city that has become a top-gateway submarket with excellent employment options, a variety of city amenities and walkability.” Side founder and president Yakubu Hale announced in a recent acquisition. “Loft at Twenty 25 is a unique condominium that offers a luxurious lifestyle at a relatively affordable rent compared to other options on the market.”
According to the building WebsiteRent for The Lofts at Twenty25 starts at $ 945 per month for a 450 sq ft apartment. (It’s about $ 100 higher than the rent Post 1 year ago. At the high end, the 600 square foot option is the best at $ 1,875.
All apartments in the 600 unit building have one bedroom and one bathroom. Rental of each size is listed as currently available.
According to Westside officials, the refurbished unit has 8-10 foot ceilings, quartz countertops, stainless steel appliances, barn-style doors, “wooden-style” planked floors, midtown and backheads. It has a lot of views of the skyline.
Building equipment should be checked for many of today’s most demanding lessor boxes.
They include a roof deck with bar and lounge, swimming pool, grill station, billiards and game room, putting green, communal office and conference space, cinema, 5,000 square foot gym with yoga, dry cleaning service, convenience store. It is included. Shops, dog parks and dog wash, and coffee shops. An EV charging station is also installed, and the building has parking space for 405 cars.
In its 70-year presence at Backhead, the brick Darlington apartment tower was known for its famous “Atlanta Population Now” sign-out. House Of the father of novelist Pat Conroy Great Santini), And for its position as one of the truly affordable last bastions of the backhead.But lately, the trade-off with cheaper rent is the devastation of the building. Sowing seeds..
Sandy Springs-based Garden Capital Properties has made a $ 40 million makeover and rebranded the cross-shaped properties. (Just a while ago Talk It was not possible to turn Darlington into a luxury and affordable condo at the same time. )
Darlington’s former residents, most of whom pay less than $ 800 a month, were removed in the fall of 2018, the year after VCP purchased a dilapidated complex for $ 30 million.
Beyond Atlanta, Westside owns approximately $ 1.2 billion in apartments and multipurpose assets in Florida, Georgia and Alabama, with a development pipeline of approximately $ 3 billion primarily in Florida. Take a closer look at the company’s first ATL assets and what the “relatively affordable” backhead luxury brings in the gallery above.
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