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Atlas Proposes 32-story Ritz-Carlton Tower in Buckhead
Atlas Capital Ventures plans to develop a 32-story project in Atlanta’s Buckhead at Peachtree and Peachtree Dunwoody roads. The proposed project is expected to include a 256-room Ritz-Carlton hotel and up to 75 custom, Ritz-Carlton residences.
Last year, an affiliate of Atlas Capital acquired the half-acre property from Mid-America Apartment Communities for $8.9 million. Development costs for the proposed project could reportedly exceed $200 million. The architect for the project is Perkins + Will and Rottet is the interior designer.
Atlas Capital expects to launch construction in September, and is eying a winter 2022 delivery date. Previously the site, adjacent to the 3630 Peachtree tower, was envisioned to be developed as an apartment tower by Atlanta’s Post Properties.
*Rendering Courtesy of Perkins + Will
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