By John Schaffner
A partnership of four developers broke ground July 20 on 3630 Peachtree—located at the corner of Peachtree Road and Peachtree-Dunwoody Road just north of Phipps Plaza—marking the first time that a quartet of Atlanta developers has worked together on a vertical mixed-use project.
The 3630 Peachtree development is a 34-story tower, featuring 425,000 square feet of Class A office space and 17,000 square feet of ground floor retail space, co-developed by Pope & Land Enterprises, Inc. and Duke Realty Corp. Atop the office space will be 17 stories of luxury condominiums developed jointly by Novare Group and Post Properties.
The developers had hoped to begin construction on the $300 million-plus project by the end of 2006 and the original plans called for a second tower of all residential condominium units starting at $1 million
The new plan calls for developing the project in phases, with just the mixed-use building in the works for now with 137 condos ranging in price from the $400,000s to more than $1 million.
“The partners are committed to developing Buckhead’s finest mixed-use project at 3630 Peachtree, and we are confident that our unmatched mix of office, residential and retail offerings will complement the distinct advantages of this site,” said Larry Kelly, president of Pope & Land.
The offices and residences are expected to be ready for occupancy in mid-2009. The new tower will be Duke Realty Corp.’s first building in Buckhead.
The project is designed by Handel Architects, LLP of New York and Atlanta’s own Smallwood, Reynolds, Stewart, Stewart & Associates, Inc. The building features a rooftop architectural pediment that will illuminate and accentuate the tower at night.
Structured parking underground and in a podium deck will accommodate both residential and office vehicles.
The partners also incorporated enhancements to the adjacent Wieuca Road Baptist Church within the project plans, including a $7 million parking deck, a $2 million narthex and a $1 million commitment to a new playground, streetscape plantings and landscaping.
The venture is Post Properties’ first new for-sale housing community in its home city. The 137-unit residences will range in size between 1,100 and 4,600 square feet and will blend Novare’s trademark amenities and technology with Post’s service, design and hardscapes.
There will be two penthouse levels, with seven penthouse homes having an average size of 3,500 square feet.