Permits are in, The Charles Luxury Condos closer to reality

October 11, 2016 | By Jarred Schenke / BisNow Atlanta

With a handful of sales already in, Robin Loudermilk is about to press the accelerator on his Charles condo mixed-use project in the heart of Buckhead. The firm has filed permits with the City of Atlanta to begin land development at 3107 Peachtree Road, the Buckhead Village pin corner across the street from the Buckhead Theatre.

In turn, Loudermilk Cos plans to develop an 18-story, 213,000 SF, 57-unit high-end condo tower with 3,000 SF of street-level retail. According to BuckheadView, the condo units will start at $1.5M.

Robin tells us he’s already pre-sold a few units—but still has a way to go, as most banks won’t finance construction of a condo project without two-thirds of the units secured with buyers. In the next few weeks, Robin says his firm plans to open its sales center in the former Alan Avery Art Gallery space at 315 East Paces Ferry Road.

Originally appearing in BisNow Atlanta
View Original Article Here