A 1930s Midtown property that achieved permanent historic protections alongside a stylish renovation in recent years has hit the open market.
Nik Hatzis of City Realty Advisors tells Urbanize Atlanta his company has listed the historic Winnwood Apartments—now rechristened Studio Revival Apartments—for sale at 1460 West Peachtree Street, following a two-year renovation that wrapped this past summer.
City Realty Advisors also sold the unrenovated apartment building to developers in late 2019. Prior to that, the brick-built complex had been in original family ownership since it was developed in the early 1930s.
“It’s now historic with a facade easement in place and cannot ever be redeveloped,” said Hatzis.
No list price for the 48-unit Studio Revival Apartments has been set. Instead, Hatzis said, sellers are letting the market determine pricing.
A recent aerial showing the circa-1931 apartments in the context of existing Midtown buildings and forthcoming development. Courtesy of City Realty Advisors/Studio Revival Apartments
Examples of reimagined interiors around the former Winnwood Apartments. Courtesy of City Realty Advisors/Studio Revival Apartments
Built in 1931, the Winnwood Apartments had been the subject of redevelopment talks for several years. The two-story structure was built in a Georgian Revival-style by the once-prominent Atlanta firm H.W. Nicholes and Sons, and it reflects popular residential architecture from the early to mid-20th century. According to preservation organization Easements Atlanta, it’s one of the last examples of this architecture style left standing in the city.
GBX Group partnered with Easements Atlanta and developer Urban Landings to refurbish and reconfigure the building into four dozen units—all micro apartments and one-bedrooms. Previously, the Winnwood’s rentals were either two or three-bedrooms.
Today, the property is marketed as “modern luxury living in a historic…
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