Condos Planned for Peters House Site

ATLANTA-According to a published report, local developer Bill Swearingen thinks he has come up with a solution on how to save his historic-registered Peters House and most of its 3.4-acre Midtown site without damaging the integrity of the 1883 property.

Swearingen has contracted to sell two-thirds of the site and the building to the Trust for Public land and the Georgia Trust. The groups need to come up with $4.5 million by year end to buy the property and restore the house and grounds. Swearingen operates the Mansion restaurant at the site.

He plans to develop a maximum 164 condominiums on the remaining portion of the property on North Avenue, between Piedmont Road and Myrtle Street. The project has cleared all local government hurdles, according to the report. Tim Holdroyd of City Realty brokered the deal with the Trusts.