Written: October 16, 2017

Luxury Buckhead residential community breaks ground

Shovels for the long-expected luxury residential community in Peachtree Hills have finally hit dirt.

More than a decade after first being announced, a 216-unit senior living project in Peachtree Hills has broken ground, its developer says.

The entire development will cover about 20 acres in the historic south Buckhead neighborhood known for its dense tree canopy and Peachtree Creek.

Site development on the project, officially called Peachtree Hills Place, is underway. Construction on the first units could start later this fall.

It has more than $117 million in financing from SunTrust Bank, Atlantic Capital Bank, Iberia Bank and Capital Bank.

Peachtree Hills Place is geared to the high-end homebuyer. It will include 204 condos in six, four-story buildings. The condos will range from $730,000 to $1.8 million. Twelve custom-built single-family homes will start at $1.8 million.

The project was first pitched in 2005 on the cusp of the historic recession, with plans for more than 260 luxury apartments.

Asked about changes to the project’s overall plan and the more-than decade long process to get to groundbreaking, Isakson said, “We were patient.” An important step included getting feedback from the project’s first homebuyers, who suggested a few tweaks. “We worked through a myriad of things,” he said.

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