Phipps Plaza began its major expansion in 2018 with a high profile groundbreaking ceremony that included Robert De Niro and his Nobu partners. The original plans to open in 2020 were torpedoed by the Covid-19 pandemic, but the project was back underway last year. Many of the tenants are hoping to be up and running by the end of 2022. These are the details of the Phipps Plaza expansion so far.
Perhaps the most obvious tenant at this point is the Nobu Hotel. The dark glass façade added large exterior signage in January 2022. This tower will include the upscale Nobu hotel, and the renowned Nobu Restaurant. The hotel will feature 150 guest rooms, a rooftop pool, and conference space. Both are expected to open in 2022.
The Life Time Athletic will be a 90,000 sqft state-of-the-art fitness center. The club will feature Life Time’s first rooftop beach club in Atlanta.
Life Time Work will be 25,000 sqft of offices and open workspace. The space is designed to help members stay healthy and be more productive. Life Time Work members will also have access to the Athletic Club.
From Bahram Akradi, Life Time chairman, CEO and founder, “The addition of
Life Time Work comes at a time when many companies and people are placing a premium on experiences and flexibility, yet few coworking operators offer the elevated and dynamic spaces Life Time Work provides to members. We’re confident our healthy living lifestyle, ecosystem and community will be a powerful addition to Phipps Plaza.”
Citizens is a collaboration between Simon Properties and Sam Nazarian’s C3 (Creating Culinary
Communities). The 24,00 sqft “Lifestyle Food Hall” is expected to feature C3 brands like Umami Burger,
Krispy Rice and Sam’s Crispy Chicken.
Sam Nazarian, founder and CEO of C3, said, “Instead of the traditional food court, we’re bringing together the world’s leading chefs to develop a unique set of culinary brands and menu items that elevate fast casual dining. With Citizens at Phipps Plaza, we’ve created a food hall experience designed to be just as dynamic, flexible and creative as today’s customers. Guests can expect beautifully crafted cuisine whether they’re dining on site or ordering from one of our brands to-go.”
One Phipps Plaza is a 13-story LEED certified office building. It is designed to be pedestrian friendly, with outdoor green space and easy access to Citizens Food Hall and the Life Time Athletic Club.
Patrick Peterman, Senior Vice President, Development and Asset Intensification at Simon said, “One Phipps Plaza is designed to meet the highest standards in sustainability with a focus on indoor environmental quality, water and energy efficiencies.”
The marquee tenant of One Phipps Plaza so far is Novelis. The aluminum rolling and recycling giant will house their global corporate headquarters, as well as its regional North American headquarters in 90,00 sqft of the new development.
2021 was another fantastic year for Buckhead real estate! Not only was a new record set for the highest-priced home sale ever (more on that below), but the overall demand has remained strong and steady. The overall inflation story in the economy and demand driven by the Covid-induced “Great Relocation” are the top two driving forces.
Here is a look at average sale prices and total number of sales over the last 4 years:
| Year | 2018 | 2019 | 2020 | 2021 |
| Number of Homes Sold | 1,048 | 1,137 | 1,244 | 1,437 |
| Average Single Family Home Sale Price | $1,127,676.17 | $1,156,070.17 | $1,211,784.08 | $1,358,109.42 |
| Average Condo/Townhome Price | $364,608.50 | $404,225.33 | $373,275.00 | $407,598.42 |
Not only did the average single family home price in Buckhead jump to $1,350,000, but the total number of sales also saw a substantial increase. Meanwhile, Buckhead condo prices made a full recovery from their 2021 dip.
Are you thinking about buying or selling in Buckhead? Now, more than ever, you need the top Buckhead Realtor in your corner to help navigate this market. The expertise, marketing, and personalized service that I provide led me to over $115,000,000 in Buckhead home sales during 2021. I also sold four of the top ten sales for the year, no agent sold more. Contact me directly HERE.
Enough statistics, you probably came here to see the top home sales! Without further ado:
This home set the record for the most expensive home sale in Atlanta history! It sold off-market, having never been listed publicly. More details here.
Valley Road in Tuxedo Park ranks among the most beautiful streets anywhere, so no surprise that #1 AND #2 on our list share the same street. This home at 165 Valley Road closed at $8,375,000
You may have toured this 4.5 acre Mediterranean estate when it was the 2020 Showhouse. It landed #3 on our list at $7,150,000
This home in Historic Brookhaven is a one-of-a-kind design, offering some truly unique features. Click the photo below to see for yourself! Closed at $7,107,531
Some lucky buyers that I was fortunate to represent were able to snag this home in an off-market transaction. The home features a dream yard on a double lot just a block or two from the Buckhead Village. Closed at $6,800,000
Arguably one of the most beautiful homes in the Paces neighborhood. I sold this home in record price territory, not once, but TWICE in 2021. Closed at $6,700,000
This home had all of the bells and whistles needed to break into the top 10, having been extensivly upgraded since it was built in 2017. Closed at $6,500,000
This new home on Knollwood was sold before completion, making it the third home in Tuxedo Park to make our list this year. Closed at $6,400,000
This home, designed by William T Baker 20 years ago, still pulls off a timeless English manor look with a stone beautiful exterior that won a buyer’s heart at $6,375,000
The St Regis residences continue to reign supreme among Buckhead condo sales.
The spirit of Buckhead heads forward. This is the way it has been, and perhaps this is the way it will always be. The spirit of Buckhead points forward. You see it in the way we work, and you see it in the way we play. The reach is always extending further. The search is for excellence and beauty and grace and vibrancy.
We are a community of individuals. We are diverse, we are dynamic, and we are discerning. We are builders. We are connected to one another with a common bond. A common dream. A common quest. Pointing life in one direction. Forward.
