ATLANTA-A planned new apartment tower at the site of the popular Dante’s Down the Hatch restaurant here on Peachtree Road is still moving forward.
Atlantic Realty Partners, which announced last November that it had entered into an agreement to acquire and redevelop the Dante’s Down the Hatch restaurant at 3380 Peachtree Road in Buckhead, is still proceeding with its plan to build a 10-story apartment tower at the site, according to the Atlanta Business Chronicle. The firm at the time stated that it hoped to break ground on the apartment tower in the spring of this year.
Recently, local media reported Dante’s owner Dante Stephensen said the sale was on hold. Atlantic Realty founder Richard Aaronson stated in a Feb. 1 e-mail to the newspaper that the deal hasn’t closed as yet due to last minute permitting issues.
Aaronson said, “We are actively negotiating an extension of our agreement, and all indications are that those negotiations will be completed in the coming days,” he said. See story in the Atlanta Business Chronicle.