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Mason, King Buy Gold Club for Nearly $5M

ATLANTA-The Treasury Department will net $2M after paying $500,000 in property liens on the 1.5-acre site that attracted national notoriety in 1999 after a federal grand jury indicted club owner Steve Kaplan on racketeering charges.

By Alex Finkelstein | Updated on December 22, 2003

ATLANTA-The former Gold Club adult entertainment establishment in the Buckhead section of Downtown is under new ownership today and headed for a new life as a condominium community, according to the US Marshal’s office here.

The Treasury Department has sold the 1.5-acre property at the intersection of Piedmont Road and Lindbergh Drive to Gwinnett Partners LLC, headed by developers Wayne Mason and Kim King. The $5.3-million price equates to $3.5 million per acre, or about $81.99 per sf, one of the steepest per-sf prices paid to date for a prime local property, area industrial brokers tell GlobeSt.com.

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