Permits In, The Charles Luxe Condo Closer To Reality
With a handful of sales already in, Robin Loudermilk is about to press the accelerator on his Charles condo mixed-use project in the heart of Buckhead.
The firm has filed permits with the City of Atlanta to begin land development at 3107 Peachtree Road, the Buckhead Village pin corner across the street from the Buckhead Theatre.
In turn, Loudermilk Cos plans to develop an 18-story, 213k SF, 57-unit high-end condo tower with 3k SF of street-level retail. According to BuckheadView, the condo units will start at $1.5M.
Robin tells us he's already pre-sold a few units—but still has a way to go, as most banks won't finance construction of a condo project without two-thirds of the units secured with buyers. In the next few weeks, Robin says his firm plans to open its sales center in the former Alan Avery Art Gallery space at 315 East Paces Ferry Road.