The project on the nearly 2-acre tract across the street from the High Museum of Art was originally intended to be a 23-story, $325 million luxury condo tower where the 96 units would start at $2 million. But that was seven years ago before the Great Recession.
Now, as the ABC reports, Wieland has proposed a five-story project with the 48 units ranging from $700,000 to $2.5 million. The hope is to break ground in April.
In recent years, Wieland twice had the property at 1301 Peachtree Street under contract. But ultimately he balked at letting it go to make way for what would have been a $350 million luxury hotel, or a 320-unit apartment tower.
Read more at the ABC here, but you must have a subscription to read the entire article.
What are your thoughts on this new development project for Midtown?