Florida-based The Kolter Group snagged a $50M credit facility from BHI, the U.S. division of Israeli Bank Hapoalim, for The Dillon luxury condo project on the rise in Buckhead.
Courtesy of Kolter Urban
Rendering for The Dillion in Buckhead.
BHI’s facility is part of a larger, $133M credit facility secured by the 18-story, 144-unit project at 2395 Peachtree St., the bank announced in a press release.
Kolter’s Kolter Urban division is expected to deliver the project, next door to the famed Peachtree Battle shopping center, at the end of the year, with prices ranging from $800K to $2M for penthouses. Atlanta Fine Homes Sotheby’s International Realty pre-sold 60 units as of October, the Atlanta Business Chronicle reported.
The project, spanning over an acre, will include nearly 49K SF of amenity spaces including a social room, a theater with a popcorn bar, a resident-only speakeasy lounge, a game room, a terrace-level outdoor pool, a pickleball court, a fitness center, a yoga lawn and a dog park.
In 2022, Kolter Urban also developed The Graydon Buckhead, a 44-unit condo tower that sold out last year, according to Urbanize Atlanta.
SALES
Babloo Investments foreclosed on a $5.8M loan secured by 303 Research Drive, a 92K SF flex office building in Peachtree Corners. Babloo, which held the original loan, paid $2.8M for the property and now plans to seek local government approval to convert it into townhomes, Babloo President Babloo Bagga told Bisnow.
The previous owner, 303 Research LLC, purchased the building in 2021 for $4.5M, according to the database Reonomy.
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LoanCore Capital foreclosed this month…
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