Novare Group and Coro Realty Advisors, LLC announced in August 2005 the development of Gallery, a 203-unit, 27-story condominium community in Atlanta’s Buckhead neighborhood at Peachtree and Rumson roads.
Jim Borders, President of Novare Group, commented, “Gallery represents a new line of luxury condominiums catering to residents who want more space but the same value oriented pricing, floor-to-ceiling glass, and high-tech amenities that Novare is known for. We are excited to be working with Coro to introduce this new product line in Atlanta.”
Novare Group is noted for developing condominiums with classic building forms, distinctive contemporary architecture and rich amenities that include floor-to-ceiling glass, granite countertops, 10-foot ceilings, ultra-high-speed Internet access, reserved parking, 24-hour concierge and upscale fitness and social centers. Gallery features the distinctive architecture and rich amenities of previous Novare Group developments, but the target demographic group, price points and scale of amenities differ. Homes at Gallery will appeal to those at various life points—young professional couples, mature singles, and empty nesters. Homes will average more than 1,700 square feet in size, and the signature Novare design features will be augmented with traditional foyers, increased storage, furniture-quality cabinetry and expanded hardwood and ceramic flooring. Community amenities will include guest suites, tennis court, green space and dual clubrooms that will increase residents’ options for social interaction, activities and atmosphere.
“We are enthusiastic about bringing this condominium product to our site,” said John Lundeen, President of Coro. “Gallery’s design, large unit sizes, finishes and rich amenities have not been available in this submarket at these price points, and we believe our target buyers will be very excited about this development. The talented, seasoned individuals working at Coro and Novare Group are in tune with this market and are the best suited to maximize the potential of this unique location.” The architect on the project is Smallwood, Reynolds, Stewart, Stewart with nationally acclaimed Atlanta residential designer William T. Baker serving as a design consultant. Baker is best known for his unique architectural details, including the creative use of natural materials such as heart-of-pine floors and rough-sawn timbers. His work is widely published in national magazines including Southern Accents, Southern Living, Colonial Homes and The Classicist. Additionally, he is often featured on House & Garden Network’s top-rated show “Before & After.” In 1993, he received the prestigious Arthur Ross Award for Architecture. He is one of a select group of nationally recognized designers to have received the coveted award.
Residences at Gallery are expected to range from the $370,000′s to the $700,000′s. Penthouse homes are also available. A sales center will open in September in the Peachtree Battle shopping center. Resident move-in is expected in 2007. For more information on purchasing a unit, visit www.gallerybuckhead.com.
About Coro Realty
Coro Realty Advisors, headquartered in Atlanta, is noted for identifying strategically located properties and working to maximize their potential through development and redevelopment. Coro was founded in 1997 for the benefit of clients with whom relationships began over twenty years ago, to provide quality, customized real estate advisory and management services for their properties. Coro currently manages a diverse portfolio consisting of over 1.9 million square feet of commercial space, including retail, office and industrial, and over 750 apartment units. For more information, please visit www.cororealty.com.
About Novare Group
Novare Group is a leading developer of high-rise residential communities in southeastern U.S. urban markets, with more than 3,500 condominium units under development in Atlanta, Charlotte, Nashville and Tampa. Elevating urban living to a new standard, the Company’s high-rise communities feature contemporary designs, rich amenities, and cutting-edge high technology features at attainable price points. For more information, please visit the Company’s Web site at www.novaregroup.com.
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