ATLANTA (May 15, 2014) – The luxury condo market is back, especially at The Residences at Mandarin Oriental, Atlanta. Sales and contracts a the landmark Buckhead building totaled $11 million in the first quarter. And more sales at The Residences are expected soon. Here's the full story:
THREE CONDO UNITS AT THE RESIDENCES AT MANDARIN ORIENTAL, ATLANTA, SELL IN FIRST QUARTER
iStar Residential, a division of iStar Financial Inc. (NYSE: SFI), announced today the sale of three luxury high-rise condominium units, located at The Residences at Mandarin Oriental, Atlanta, for a total of more than $6.3 million. The first unit closed in January and two other units closed in March. Two additional units are under contract, for a total of $11 million to be sold in the first quarter.
“The sale of three units at The Residences in the first quarter validates the returning desire for high-end luxury residential properties located in top-tier markets,” said John Kubicko, Senior Vice President at iStar Financial Inc. “We are confident that the remaining units will attract prospective buyers quickly from both the local and international markets who want to experience city life at its finest.”
Karen Rodriguez of Dorsey Alston Realtors leads the sales efforts for the exclusive, world-class property, bringing 11 years of experience in the Buckhead luxury high-rise market. Rodriguez is a Life Member of the Atlanta Board of Realtors’ Multi-Million Dollar Sales Club and has closed more than a $100 million dollars in Buckhead condo sales since 2011.
“Our new sales team introduced a proven fine-tuned sales strategy, which directly contributed to our tremendous success in the first quarter,” Rodriguez said. “Additionally, the beautiful new units from Harrison Design Associates offer stylish, modern residential interiors that have been well-received by prospective buyers. Due to interior upgrades to the finishes and appliances, The Residences now command more than $700 per square foot.”
The Residences are located in the heart of Buckhead, the city's most prestigious neighborhood, in an
iconic limestone building designed by renowned American architect Robert A.M. Stern. High above
Peachtree Road on the top 27 floors of this 42-story building, residence owners have unparalleled views of the glittering Atlanta skyline. Each floor contains a maximum of two residences, ranging from 3,000 square feet to 5,100 square feet for a full floor. Pricing for The Residences begins at $2.1 million.
Buckhead’s top architectural firm Harrison Design Associates designed the new units, which represent
the next phase in the build-out and sales process for The Residences. The Residences feature
contemporary, ultra high-end finishes and sleek, built-in fireplaces with marble surrounds. Each
Residence will also feature a 36-inch Viking gas grill as well as a gas fireplace on its 300-square-foot
outdoor terrace. The common areas include modern color palettes and sleek flooring. The Residences
are the only condo residences in Atlanta to feature Miele appliances.
The Residences are located near the city’s top restaurants and finest, high-end retail. While at home,
residents enjoy convenient access to the region’s top cultural attractions including Lenox Square, Phipps Plaza, the Georgia Aquarium and the High Museum of Art.
For more information on The Residences at Mandarin Oriental, Atlanta, visit
Disclosure: The Wilbert Group, the leading real estate PR firm, represents the owner of The Residences at Mandarin Oriental, Atlanta.