First Luxury High-Rise Leased Community Breaks Ground in Buckhead

October 23, 2007

A new 20-story residential tower is rising in the heart of Buckhead near the intersection of Peachtree and Piedmont Roads. Coro Realty Advisors, LLC, on behalf of its client, JH Holdings, Inc., is developing the tower as part of the redevelopment of the 14-acre Buckhead Place site into a mixed-use complex. The tower will be the premier luxury high-rise community built exclusively for lease in Buckhead.
 
Designed by Atlanta-based Ai Group, the tower will consist of 155 luxury residences in addition to 9,100 square feet of commercial space.
 
"Buckhead Place is destined to become a dynamic urban mixed-use development that exemplifies the evolution of the area as one of the most desirable addresses in Atlanta," said John Lundeen, President of Coro Realty Advisors. "The development activity along the Peachtree-Piedmont corridor beckons for a luxury community. And Buckhead Place will provide the option and flexibility of leasing with close proximity to offices, restaurants, shopping and transportation centers."
 
The tower's construction is being managed by Coro Development with Manhattan Construction serving as general contractors for the project. Construction is anticipated to be completed for leasing in spring 2009. In 2008, Coro anticipates continuing expansion of the site with a second phase to include additional retail, restaurant, residential and hotel amenities.
 
The redevelopment of Buckhead Place began in 1994 with construction of a retail center that now includes Hyatt Place Hotel and Rock Bottom Brewery and Restaurant, as well as retail tenants Marshalls, LA Fitness, Insperience and Priscilla of Boston.
 
About Coro Realty Advisors
Coro Realty Advisors, headquartered in Atlanta, is noted for identifying strategically located properties and working to maximize their potential through development, redevelopment and leasing. Coro was founded in 1997 and currently oversees a diverse portfolio consisting of over 3 million square feet of commercial space, including retail, office and industrial, and over 1,500 residential units. For more information, please visit www.cororealty.com <http://www.cororealty.com/> .