Pope & Land Enterprises Inc., Post Properties Inc., Duke Realty Corp. and Novare Group anticipate opening the two-tower complex by year-end 2008 at the northwest corner of Peachtree and Dunwoody roads. The developers won city approval on rezoning the prime four-acre development tract in December, as GlobeSt.com previously reported.
For Duke, the project is the Indianapolis-based company's entrance to Atlanta's urban real estate market. "An exceptional opportunity," says Kerry Armstrong, senior vice president, Duke Atlanta office group.
For Post Properties, the venture is that REIT's first new for-sale housing project in metro Atlanta. "An outstanding complement to the lifestyle that buyers will find in our luxury residences," notes Tom Senkbeil, executive vice president and chief investment officer of Post Properties. The 284 condos will retail from $650,000 to $1 million-plus.
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