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11 June 2015

4,154 Square Foot Penthouse at Downtown Atlanta W Hotel & Residences Sells for $1.6 Million

Downtown Atlanta's W Hotel is one of the city's most exclusive and luxurious places to stay.

(The W Hotel & Residences in downtown Atlanta features 237 guest rooms and 74 penthouse homes. Image courtesy The W Downtown Atlanta.)
Boasting 237 rooms and suites, the W frequently gets high marks from guests making their stay in Georgia's capital city. But the W is more than just a hotel. It is also a residence rising above the Atlanta skyline.

The W Residences features 74 penthouse homes with large square footage, sleek modern design and magnificent floor-to-ceiling windows along with five-star luxury finishes such as Gaggenau appliances and Dornbracht fixtures.

One penthouse at the W Residents recently sold for $1.6 million.

The sale of this unfinished two-story, three-bedroom 4,154-square-foot penthouse is the second seven-figure sale at the W within the past thirty days. Brokers say these million dollar-plus sales highlight a strong desire for a luxurious five-star lifestyle, and buyers will be hard pressed to find anything in the market that compares.

"It's clear that savvy penthouse buyers recognize the opportunity to buy top-notch new residences well below replacement cost and it's a testament to the extraordinary high-end value The Residences at W Atlanta – Downtown delivers," proclaimed David Tufts, president of The Marketing Directors whose firm handles the exclusive sales and marketing. "These two sales highlight the compelling value proposition The Residences at W Atlanta – Downtown offers. Buyers should act now as prices will only continue to rise."

The broker representing the buyer for this transaction was Adrian Schmidt of Atlanta Fine Homes Sotheby's International Realty.