LeCraw Plans $64M Condo High-Rise in Buckhead

ATLANTA-Taking advantage of a hot condominium sales market, locally based Julian LeCraw & Co. Inc. has purchased the under-construction, $64-million Buckhead Grand at Tower Place and plans to reposition the 286 originally planned apartments into condo units.

Locally based Regent Partners, which sold the property to LeCraw, is racing to complete the building’s construction to meet LeCraw’s spring sales program. The development cost equates to an average $223,776 per unit. The condos will be marketed by Coldwell Banker the Condo Store from $190,000 to $1-million-plus for living areas that range from 900 sf to 3,000 sf.

LeCraw says he bought the property “to meet the demand for luxury living close to Phipps Plaza and Lenox” and “to build a property that will exceed the typical, residential product offerings this area has seen in recent years.”