X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A Ritz-Carlton hotel topped with condos may be in the works for Midtown Atlanta.

The company is negotiating to develop a 200-room hotel with million dollar-plus condominiums on the upper floors, smack dab in the middle of Midtown.

The estimated construction cost of the hotel shell alone is $40 million.

The site is Midtown Square at Peachtree and Tenth Streets. The location is the site of a nearly two million-sf, mixed-use project by Dewberry Capital Corp. planned to get under way in about two years.

As is the case with the other Ritz-Carlton/condo projects, the property would be developed by a third party and managed by Ritz-Carlton.

For example, the Washington DC property due to open this October, was developed for $225 million. It has 300 hotel rooms and 162 condominiums with price tags ranging from $500,000 to $5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.