The Residences at Mandarin Oriental, Atlanta Ended 2017 with $24M in Sales

Staff Report From Metro Atlanta CEO

Friday, February 2nd, 2018

The Residences at Mandarin Oriental, Atlanta, closed the year with $24 million in sales and the city’s highest condo sale for the second year in a row. The development team and exclusive listing broker Karen Rodriguez, founder and president of GROUP KORA and co-founder of CITY HAUS | Berkshire Hathaway HomeServices Georgia Properties, have closed on nearly $75 million in units since taking over the project in 2014.

“With only a few homes remaining, we are incredibly proud of our unprecedented sales success over the last three years,” said Rodriguez. “Despite an influx of new luxury condo projects entering the market, The Residences have remained the top selling luxury condo building in Atlanta and we’re quickly approaching a sellout. Our success demonstrates the continued demand for high-end, intown living that comes with a lock-and-leave lifestyle and five-star amenities.”

Seven homes closed at Mandarin Oriental, Atlanta in 2017, including one of the villa-style Maisonettes priced over $3 million and a gorgeous full-floor tower home priced at nearly $4 million. The Residences at Mandarin Oriental, Atlanta have outpaced the luxury market, with only 14 condos over $2 million sold in Atlanta in 2017, and seven of those were at The Residences.

Coming off a successful 2016 and impressive fourth quarter, the team took back four floors designated for the hotel and built out eight additional condos this year. With this final release of inventory, The Residences are rapidly approaching sellout and are left with a handful of tower residences and two multi-level, villa-style Maisonettes located in the hotel’s garden.

The Residences at Mandarin Oriental, Atlanta offer a coveted lock-and-leave lifestyle with all the privacy and security benefits of the five-star hotel, including biometric fingerprint access to homes and elevators and design features like floor-to-ceiling windows, marble finishes and catering kitchens. Buyers also have access to 24-hour Mandarin Oriental residential concierge staff providing a range of services from home care to room service. Tower residences are available in full and half floors and are customized in one of three classic styles created by Harrison Design.