ATLANTA, March 3, 2015 (GLOBE NEWSWIRE) -- via PRWEB - The Residences at The St. Regis Atlanta announces a historic sales milestone, closing more than $16 million in just 60 days. Between December 1, 2014 and January 31, 2015, The Residences sold five units for $3 million or more each, totaling $16,507,130, demanding the highest price per square foot in the city. Additionally, four of these units comprised the highest-price condo sales in Atlanta, according to the Atlanta Business Chronicle. According to the owner, Tavistock Group, the trend of sales to current owners looking to expand within the building helped boost sales figures heading into 2015.
"The Residences at The St. Regis Atlanta achieved tremendous success in 2014 with nearly $18 million in sales, and the activity in early 2015 signals another strong year," said Douglas McMahon, senior managing director of Tavistock Group. "With just over ten residences left, we have limited inventory – this product offering clearly matches the needs of the affluent market in Atlanta."
The top 5 sales prices achieving more than $16 million in sixty days include:
1. Purchase Price: $3,470,880
Square Footage: 4,132
Price per Square Foot: $840
Condition: Finished
Close Date: 12/8/2014
2. Purchase Price: $3,338,250
Square Footage: 4,451
Price per Square Foot: $750
Condition: Shell
Close Date: 12/15/2014
3. Purchase Price: $3,000,000
Square Footage: 4,132
Price per Square Foot: $726
Condition: Shell
Close Date: 12/19/2014
4. Purchase Price: $3,050,000
Square Footage: 3,583
Price per Square Foot: $851
Condition: Finished
Close Date: 12/30/2014
5. Purchase Price: $3,648,000*
Square Footage: 4,549
Price per Square Foot: $802
Condition: Finished
Close Date: 1/30/2015
*denotes resale
"By any measure, The Residences at The St. Regis Atlanta has had an amazing year in 2014, and the concentrated sales at the close of the year are a good sign for the high-end market in Atlanta," said Betsy Franks, senior vice president and managing broker of Harry Norman Realtors. "The interest in that building seems to increase by the day, with the limited inventory of residences combined with the excitement surrounding the recent opening of the new restaurant, Atlas."
Encompassing the top fourteen floors of the Beaux Arts-style St. Regis Atlanta, all of the private residences feature access to St. Regis Atlanta hotel services and amenities, expansive open spaces, along with high ceilings and private outdoor terraces lending extraordinary views. Each residence is unique, with two-to-five-bedroom floor plans ranging from 3,200 to more than 9,300 square feet.
The St. Regis Atlanta recently welcomed new restaurant Atlas with celebrated local chef/restaurateur Gerry Klaskala, co-owner of award-winning Atlanta boîtes Canoe and Aria. A private art collection of more than two-dozen works by Picasso, Bacon, Freud, Matisse, Soutine and other masters now adorn the walls for diners to enjoy. Atlas complements The St. Regis Atlanta's Astor Court restaurant, already an Atlanta favorite for power breakfasts, elegant luncheons and High Tea service.
For more information on the remaining residences, contact Jay Jacob at The St. Regis Atlanta at 404-563-7795, or visit 88westpacesferry.com.
ABOUT THE ST. REGIS ATLANTA
Combining timeless sophistication with an unrivaled dimension of luxury, The St. Regis Atlanta Hotel & Residences debuted April 14, 2009. The 26-floor development features 151 luxuriously appointed guest rooms and suites, 53 St. Regis Residences, more than 16,000 square feet of contemporary meeting and event space, two exclusive bars, world-class culinary options, a state-of-the-art fitness facility that overlooks an exquisite 40,000-square-foot Pool Piazza and poolside Bar, a 7,800-square-foot Remède Spa, and Astor Court, the resort's distinctive upper lobby restaurant offering compelling cuisine and an unparalleled ambiance. Atlas, the new chef-driven restaurant developed by famed Atlanta chef and restaurateur Gerry Klaskala and Tavistock Group, is now open for dinner featuring the latest seasonal American cuisine and a collection of more than a dozen modern, 20th-century works of art including Freud, Chagall, Bacon and Soutine. Each guest room and suite is attended by the signature St. Regis Butler Service, an ever present yet unobtrusive service dedicated to meeting the needs of discerning global travelers. In 2014, the AAA Five Diamond Resort was named Condé Nast Traveler's top Business Hotel in the World and received Forbes Travel Guide's Four Star Award and Travel Weekly's Silver Award for Best Pool Design. The St. Regis Atlanta Hotel & Residences is located at 88 West Paces Ferry Road in Buckhead. For more information, please call 404.563.7900 or visit http://www.stregisatlanta.com .
ABOUT TAVISTOCK GROUP
Tavistock Group is an international private investment organization founded by Joe Lewis. With investments in hundreds of companies across 15 countries, Tavistock Group's investment portfolio includes: life sciences, sports teams and sporting events, manufacturing and distribution, oil, gas and energy, financial services, restaurants, commercial properties, private luxury residential properties, resort properties and master-planned real estate developments. Among the Group's holdings include the English Premier League's Tottenham Hotspur, the 7,000-acre city of Lake Nona and it's life science cluster known as Medical City, the prestigious Lake Nona and Isleworth Golf & Country Clubs in Orlando, Fla., and Albany, a luxury resort community and world-class, mega-yacht marina located on 600 oceanfront acres on the southwestern end of New Providence in The Bahamas. For more information, visit http://www.tavistock.com .
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Tavistock Group Jessi Blakley, APR +1 (407) 909-7030
