FEBRUARY 2020 ■ www.ReporterNewspapers.net
Community | 19
the Peachtree and Roxboro Road intersection: a BP gas station at 3639 Peachtree and
the 12-unit Roxboro Apartments at 3607 Roxboro. Those other two properties are no
longer being actively marketed, Massell said, after some prospective buyers of that
heard that rezoning for redevelopment could be a challenge.
Central Buclchead’s luxurious redevelopment has moved into the Peachtree/Rox-
boro intersection. The BP is catty-corner to 3630 Peachtree, a 40-story, mixed-use
tower built in 2009.
The House at Phipps dates to 1958. Massell said his understanding is that it was
built as apartments, then became a dorm for the now-shuttered fashion school
Bauder College before a condo conversion. Massell said “the building was in pretty
terrible condition... Class C condition for a Class A location.”
The sales price amounts to nearly $205,000 per unit, and Massell said that var
ious prospective buyers’ estimates of renovation costs varied from $20,000 to
$50,000 per unit. Some owners said they would stay if the building were renovated,
Massell said, but the final deal involved vacating the property. His understanding is
that Alibhai intends to make the building “luxury rentals.”
The conversion or redevelopment of older residential properties into luxury
units is drawing increasing attention in Buckhead. In 2018, the luxury conversion
of the 1951 Darlington Apartments at 2025 Peachtree generated citywide controver
sy for displacing tenants. Last year, the nonprofit Livable Buckhead issued a study
about middle-income, or “workforce,” housing affordability and related commuter
traffic that urged preservation of existing housing as a tactic. Livable Buckhead Ex
ecutive Director Denise Starling is scheduled to speak about housing issues at the
Jan. 9 meeting of the Buckhead Council of Neighborhoods.
In the case of the House at Phipps, Massell said, “I think the opportunity for
workforce housing is there in that - and I’m just guessing - that maybe 50% of the
owners were not in the workforce. They’re elderly. So you’re adding inventory that
could be occupied by those in the workforce.”
“From a dollar perspective for affordability,” Massell added, “that’s going to de
pend on how much Amin sinks into it.”
Massell, a former Buckhead Business Association president and son of former
Mayor Sam Massell, previously put together another multiowner deal in 2015, a
neighborhood buy-out along Sandy Springs’ Allen Road where John Wieland Homes
is building more than 80 houses.
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