The Residences at the St. Regis Atlanta Breaking Records With Strong Sales

ATLANTA, Sept. 10, 2014 (GLOBE NEWSWIRE) -- The Residences at the St. Regis Atlanta have reached a watermark with more than $131 million in sales to date; breaking records with more than 35 residences sold at averages of more than $800 per square foot, according to the developer of the luxury condominium property, Tavistock Group. The Residences, perched above the award-winning St. Regis Atlanta, offer the warmth and personal charm of home – along with breathtaking views and the full services and amenities of the five-star hotel below.

"The St. Regis Atlanta has the same ingredients that make apartment buildings in New York and London so successful – the best location and tremendous flexibility in floor plates to create your dream home in a building supported by five-star amenities and services from the St. Regis," said Douglas McMahon, senior managing director of Tavistock Group.

Encompassing the top fourteen floors of the Beaux Arts-style St. Regis Atlanta, all of the private residences feature expansive open spaces, along with high ceilings and private outdoor terraces lending extraordinary vistas of downtown Atlanta, the greenery of Buckhead and the mountains beyond. Each home is unique, with two-to-five-bedroom homes ranging from 3,264 to more than 12,000 square feet.

"There are many high rise buildings in Atlanta and then there is the St. Regis Atlanta – it is unique in every way," said Betsy Akers of Atlanta Fine Homes, Sotheby's International Realty. "They have enjoyed sales at the highest price points per square foot for condominiums in the market."

The Residences at the St. Regis Atlanta represent some of the highest sales in the Atlanta marketplace, across luxury homes as well as condominiums. The average price per square foot exceeds $780 with an average sales price at $3,240,000. In 2013, The Residences sold two unfinished shells totaling 11,715 square feet for $8,317,650. In May, a 17th floor condo was sold for $2,900,000, the second highest sales price ever for a resale condo in Atlanta.

"It is a very special building, our buyers have enjoyed creating their very own custom homes in the sky," added McMahon.

Signature St. Regis butler service, a 24-hour concierge, in-home dining and events planning, and housekeeping services are just a handful of the bespoke luxuries available to residents. Additional amenities include the most spectacular pool piazza in Atlanta with a Jacuzzi, a full service Remède spa, and the most exquisite event and meeting space in town.

The St. Regis Atlanta will soon be home to a new dinner-only restaurant – Atlas (www.atlasrestaurant.com) – from celebrated local chef/restaurateur Gerry Klaskala, co-owner of award-winning Atlanta restaurants Canoe and Aria.

Located at Atlanta's most sought-after address, Eighty-eight West Paces Ferry, the St. Regis Atlanta is conveniently situated within walking distance of fine dining restaurants, high-end luxury shops, and exciting new marketplaces that all contribute to the enviable lifestyle that is Buckhead. As a top destination for weddings and grand events alike, the St. Regis offers an ideal setting for a special occasion.

Prices for remaining homes at The Residences at the St. Regis Atlanta start at $2.6 million, up to $9.5 million. For more information, contact Jay Jacob at the St. Regis Atlanta at 407-909-5960, or log on to 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 resort¹s distinctive upper lobby restaurant offering compelling cuisine and an unparalleled ambiance. 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 Traveler¹s top Business Hotel in the World and received Forbes Travel Guide¹s Four Star Award and Travel Weekly¹s 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 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 Group¹s 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 League¹s Tottenham Hotspur, the 7,000-acre city of Lake Nona and its 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 www.tavistock.com.

CONTACT: Barbara Wagner Rubenstein Associates (212) 843-8035/8307 bwagner@rubenstein.comSource:The Residences at the St. Regis Atlanta