Published on July 21st, 2016 |2
Preserve Properties unveils renderings for The Sutton 21-story residential project
where the former Grand China restaurant and Exxon gas station had been located for some 40 years.
The restaurant and gas station were razed this past spring to make way for the 510,700-square-foot project that will have 141 luxury two- and three-bedroom residences ranging in size from 1,600 to 2,000 square feet.
The $60 million multifamily high-rise at 2965-2975 Peachtree Road has also now been named The Sutton.
While there is no mention whether the units will be apartments or condominiums, Preserve Properties CEO John Draper was reported in a Dec. 4 story by BuckheadView as saying the units would be developed so that they could easily be converted to condominiums in the future if the market so demands.
Draper also indicated in December that the multi-family development is designed for higher income residents, many of which do not live in Buckhead all year, but for whom these units would be a second residence.
Draper’s company, which developed the 92 West Paces apartments next to the St. Regis Hotel in the past several years, does not plan to have any one-bedroom apartments in The Sutton and estimated last December the rental rates would range from $3,800 to $5,800 per month.
The company website indicates the typical residential floor will have nine apartment units with the penthouse floor only having eight units.
There will not be any ground-level retail space included in the development plans, which were presented to the Development Review Committee of SPI-9 (Special Public Interest district) at its monthly meeting Wednesday, Dec. 2. Draper said retail is not in the company’s business plan.
The main lobby to the building will be on Peachtree Road, but the architects have created a small motor court under the building along the drive on the south side of the building which comes off the single planned Peachtree Road curb cut.
The main lobby will be 5,100 square feet.
The 21-story building, designed by Reese Vanderbilt Associates, will have the residential units on top of podium style parking for 314 parking spaces on the first five levels.
The amenities for the residential tenants will be on level six—including a courtyard, pool deck, social room, a guest suite, fitness center, etc.
According to The Sutton’s website, street-level amenities are planned to include a resident coffee bar, business center, concierge, and “private motor court.”
The Sutton would also feature a fitness center, club room, a pool with a “sun shelf” and guest suites overlooking the elevated amenity terrace promising sweet views of the Midtown and Downtown skylines.
Draper, who has been developing properties in Atlanta for about 30 years, indicated that the company will be paying to bury underground the utility power lines that presently cross the front of the property.
(To read BuckheadView’s Dec. 4, 2015 story about the Preserve Properties project, click here.)