The remainder of the deck is located under the building, allowing the elevators to run from the deck directly up to each floor in the buildings. Tenants and shoppers at 1820 Peachtree will be able to access the building's parking via the traffic signal at Peachtree Street and Palisades Road.

"On Peachtree Street, no building has the combination of office and street-level retail that 1820 Peachtree will offer," says Kirk Demetrops, senior vice president at Griffin Co. "We intend to be part of Peachtree's retail resurgence as one of the best-known streets in the country becomes the Michigan Avenue of Atlanta."

The area around 1820 Peachtree, which includes Piedmont Medical Center, the retail and multifamily Brookwood Place development, clusters of restaurants and a blend of separate office, apartment and residential condo buildings is "one of the Atlanta's mixed-use success stories," says Demetrops.

Marc Fritz, senior vice president of the Griffin Co., isn't fazed by the growing vacancies in the office leasing market. "While there continues to be softness in Buckhead and Midtown office leasing, we have seen increased demand for and a lack of supply of for-sale office space in these submarkets," Fritz says. "If you also consider the current low interest rates and the consistent increase in real estate values in Atlanta, it makes more sense than ever to own your own office space."

Founded in 1975, the Griffin Co. started developing office condominiums in the 1980s. In 1989, the company created The Peachtree, the first high-profile office condo building on Peachtree Street. In the past 20 years, Griffin has developed 1.5 million sf of office condo space throughout the Southeast.