Florida Developer Reports $62M in Sales at Newest Condominium Project in Buckhead
ATLANTA, May 25, 2022 /PRNewswire-PRWeb/ -- Kolter Urban reports a staggering $62 million in sales reservations since announcing its newest condo project in Buckhead, The Dillon. Sales surged after the Palm Beach County, Florida-based real estate development and investment firm launched its temporary sales center a month ago.
Kolter Urban's sales team says most buyers are downsizing from single-family homes and are drawn to the unbeatable location, sleek design and highly appointed features and amenities of The Dillon.
"These are among the strongest sales we've seen of any community we've ever sold," said Anne Schwall, Senior Vice President of Developer Services for Atlanta Fine Homes Sotheby's International Realty, who is leading The Dillon's sales and marketing. "Buckhead remains a strong draw for home buyers and Kolter Urban's attention to detail and design are making these beautiful homes a magnet for buyers."
With this success, Kolter Urban has accelerated plans for a preservation effort on the historic Book Bindery building, located at 2395 Peachtree Road. This will become the home for the sales team, and it should be open by this July when Kolter Urban also will break ground on The Dillon.
With 144 homes over 18 stories, the luxury lifestyle condominiums are just steps from the Peachtree Battle Promenade. The Dillon will offer stunning panoramic views in every direction. Floorplans include one-, two- and three-bedroom homes, plus a penthouse level and three sub-penthouse estate levels. Residences range from 1,500 to 3,800 square feet, with the bulk of the residential offering being two-bedroom homes with dens ranging in size from 1,500 to 2,000 square feet. All homes boast a private terrace, up to 12 feet deep.
Residences start from $800s and penthouses are from $2 million.
"We're thrilled with the initial sales surge at The Dillon," said Bobby Julien, chief executive officer of the Kolter Group. "Buckhead has been a great location for us and we look forward to seeing demand grow for these homes."
The Dillon boasts a generous amenity menu that spans across two levels of the building. The Hub, an indoor/outdoor shared work-from-home area with private and semi-private spaces, as well as a conference room, leans into the work from home trend. There's also a formal clubroom with catering kitchen, state-of-the-art fitness center with an outdoor yoga space, south-facing pool deck with a resort-style pool and spa, fire pits with social lounge areas, a dog park and wash, pickleball court, The Library, a resident-only speakeasy with weekly planned events, movie theatre lounge, and game simulator room. Kolter has also introduced guest suites, available for residential use when family and friends visit, available by reservation.
As with Graydon Buckhead, Kolter's first condominium homes in Buckhead, the company will reward agents with an unprecedented 50 percent of their commission at contract.
The Kolter Group is among the most experienced real estate investors in the Southeast, having executed investments across major asset classes and all stages of the development cycle. Under the Kolter Group, Kolter Urban has completed, or is in the process of developing over $3 billion of residential projects including over 2,800 waterfront, water view and amenity-rich urban condominium and townhome residences. Recent award-winning luxury high-rise residences, developed by Kolter Urban include Ritz Carlton Residences in Sarasota, Hyde Park House in Tampa and One St. Petersburg.
For more information about The Dillon, please visit TheDillonBuckhead.com.
About Kolter Urban
Headquartered in Palm Beach County, Florida, and winner of numerous industry awards, Kolter Urban has introduced a vision for luxury that is continually raising expectations for homebuyers and establishing new standards for the industry. Kolter Urban has completed or is in the process of developing over $3 billion of residential projects including over 2,800 waterfront, water view and amenity-rich urban condominium and townhome residences. These exceptional residences are located in some of the most desirable locations in Florida and the Southeast, including the Palm Beaches, Fort Lauderdale, Sarasota, St. Petersburg, Tampa and Atlanta. For more information, please visit http://www.kolterurban.com.
About The Kolter Group
The Kolter Group is a diversified real estate development and investment firm that has invested in projects with expected value in excess of $15 billion. Headquartered in Palm Beach County, Florida, the company is among the most experienced real estate investors in the Southeast, having executed investments across major asset classes and all stages of the development cycle. Kolter's portfolio of complementary businesses drives an entrepreneurial culture and allows the company to adapt to change and choose investments on a selective basis. Today, Kolter has over 850 team members across its affiliated business units in the southeastern United States and has created award-winning communities, luxury high-rise condominiums and branded hotels. For more information, please visit http://www.thekoltergroup.com/http://www.kolter.com
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SOURCE Kolter Urban
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