The project is located in Buckhead, at the corner of PeachtreeRoad and Peachtree-Dunwoody Road just north of Phipps Plaza. Itwill include 425,000 sf of class A office space, with 17,000 sf ofground-floor retail space. Atop the office space will be 17 floorswith 137 condominiums. The residences will range in size from 1,100sf to 4,600 sf. There will be two penthouse levels with seven unitswith an average size of 3,500 sf. Prices are expected to start inthe $400,000s.

Preliminary marketing efforts for the commercial space have juststarted with sales of the residential units expected to start inthe fall. The project is expected to be ready for occupancy inmid-2009 with future plans calling for construction of anadditional tower, which will be comprised completely of residentialspace, on the site at a later date, Kelly says.

The office and retail space is being developed by locally basedPope & Land Enterprises, Inc. and Indianapolis-based DukeRealty Corp. The residential space is being developed by locallybased Novare Group and locally based Post Properties. Pope &Land owned the property for more than two decades prior to its saleto the development consortium in January 2006. Project architectsare New York City-based Handel Architects LLP and locally basedSmallwood, Reynolds, Stewart & Associates Inc.