Real Estate News

 Lily Development has unveiled plans for Aquarius Tower, a 38-story, 240,000-square-foot building that will be located across from the Georgia Aquarium in Downtown at the corner of Ivan Allen Jr. Boulevard and Luckie Street. Construction is slated to begin this summer and be completed by fall 2009. Designed by PFVS Architects Inc., Aquarius Tower is the first condominium in Georgia to incorporate solar and wind energy into its design. Rooftop solar panels will harness the power of the sun and state-of-the-art wind turbines will channel high winds into usable energy. Aquarius will include various sustainable features throughout the project and will utilize recycled building materials and thermally efficient products. Homeowners will experience Georgia’s first automated, underground valet parking service. Popularized in Europe and the Far East, this system reduces garage space, eliminates the risk of vehicle damage or theft, and reduces pollution yvehicles are not driven within the parking structure). Aquarius Tower’s one-, two-, and three-bedroom floor plans, which range from 850 to 2,100 square feet, are priced from the 300s to 900s and the four penthouses range at 1 million to 2.5 million. Sales and marketing will be provided by Team Spirit Realty Investment. For more information: (770) 623-8282 or www.AquariusTower.com.

A ground-breaking ceremony was held for The Atlantic at Atlantic Station in Midtown last month. The 46-story, Art Deco-inspired building will feature 401 homes ranging from 1,031 to 3,172 square feet. The luxury building, being built by Novare Group, will feature a spa, sundeck, private screening room, library, as well as hotel-styled amenities such as room service, concierge, housekeeping and more. www.theatlanticresidences.com.  

Cottage Properties has opened a fully decorated model home at Buckhead Preserve, a neighborhood of 44 homes adjacent to the Buckhead Valley neighborhood on Childers Road. Home prices range from 850,000 to more than 1 million. The model showcases some of the homes’ amenities. including elevators, media rooms and gourmet kitchens. The European-influenced homes rang in size from 3,800 to 5,000 square feet. www.cottageproperties.org.

Ram Realty Services has purchased an 18.3-acre property in Atlanta from Lakeview Associates Garson, for 27 million. The property, located at 515 Garson Rd. in Buckhead, consists of 134,560 square feet of retail space. Ram Realty Services plans to redevelop the site into a mix of apartments and condominiums totaling more than 1,000 residences. Amenities will include terraces with swimming pools, fitness facilities, gardens and nature trails. The project will be completed in phases with the first phase beginning before the end of 2007. www.ramrealestate.com.  

Centex Homes is creating a haven for blossoming butterflies at its new community, Cobblestone at Brookhaven. The neighborhood’s expansive butterfly garden about two-thirds the size of a football field is scheduled for completion this month. Delicate butterflies, including the state butterfly the tiger swallowtail dot the landscape comprising glossy abelia, Japanese blue oaks and anise sage, among others. The picturesque garden makes Cobblestone unusual by providing peace and tranquility for the residents amidst the hustle and bustle of the city. www.seecentex.com.  

Uptown Square in Lindbergh City Center on Piedmont Road in Buckhead is now open, featuring 364 upscale residences in controlled-access buildings, with a selection of floor plans ranging from studios to three-bedrooms. Amenities include a beautiful pool and sundeck; large state-of-the art fitness center with yoga area; clubroom with wireless Internet access and big-screen plasma TVs; an Internet cafÈ; and elevators. Green spaces include a Zen garden with a pagoda and bamboo, as well as a park-like area. Uptown Square was developed by The Dawson Company and is managed by Lane Management. Rents start at 775 per month. For more information, call y404) 846-6091 or www.uptownsquareatlanta.com.

The distinctive silver-blue and glass high-rise tower of Skyline at Lindbergh, a new condominium development by Chicago’s MCL Companies and Atlanta’s George S. Morgan Companies, is set to begin construction this month, with completion expected by fall 2008. Located on 3.4 acres at the corner of Morosgo Drive and Adina Street, the 260,000-square-foot, 24-story tower was designed by Pieper O’Brien Herr Architects, working in association with Lord, Aeck Sargent. The one- to three-bedroom homes are priced from the 190,000s to 1 million-plus for penthouses. www.skylineatl.com.