The Luxury 05 Buckhead Exceeds Leasing Expectations

    ATLANTA, GA, April 20, 2009 /24-7PressRelease/ -- Conceived as the first truly "white glove" rental building in Atlanta, Coro Realty Advisors' 05 Buckhead is rapidly becoming the building of choice for sophisticated urban renters. The 155-unit high rise, located at 3242 Peachtree Road, just south of Piedmont, caters to those residents seeking superior 24/7 services, a spacious well-designed living environment, and unparalleled amenities. Leasing for the residences began in early February of 2009, and currently the community is nearing 30% lease up.

According to Patti Pearlberg, VP and Asset Manager of Atlanta-based Coro Realty Advisors, LLC, the 05 Buckhead concept was more than two years in the development phase. "We wanted this residential project to set the benchmark for luxury rental communities in Atlanta, while addressing the desires of an affluent rental market," she stated. "The design process included research and feasibility, plus evolving refinement to assure that the residences and community would measure up to our goals and expectations. The unprecedented acceptance from the marketplace reaffirms that our strategy was correct."

Residents are now moving into the 20-story building, as the amenities and common areas are nearing completion. "Our grand opening is slated for early May," Pearlberg pointed out. "All services and amenities will be fully operational prior to that time."

When Pearlberg was asked the difference between this community and other rental communities, she indicated that acknowledging discerning resident's desire for privacy and personalize service has set 05 Buckhead apart from other luxury rentals.

"Offering rental residences at $2.00 a foot or better, many of our competitors at this price point are condominiums, either developer or individually owned, that are now leasing. The majority of these properties, while well-appointed residences, do not provide the level of services 05 Buckhead offers 24/7," she stated.

Pearlberg explained that 05 Buckhead provides on-site management, superior concierge services around the clock, limited key-card access to the garage, building and individual floors, in addition to online access to management services. "It is our goal to continue to raise the bar for luxury rentals in Atlanta," Pearlberg emphasized. "Competition is always fierce, especially in our current economic environment. We are continually evolving our services to assure that 05 Buckhead maintains its leadership position in the market and our residents are happy."

As one of 05 Buckhead's new residents, Frank S., president of a private investment firm, indicated that the community was the easiest decision for a cost efficient, high quality, living solution. "I can live anywhere. I have owned large homes, rented homes and was seeking an alternative for a one to two year period. 05 Buckhead's location is A-plus, the walk-ability to restaurants, entertainment, shopping is unsurpassed, and the amenities with the full-time concierge only enhances the value," he stated. "I really appreciate the lock and leave lifestyle, yet when I am home, the services and the amazing views reinforce my decision to live at 05 Buckhead."

He continued by saying the while location in the heart of Buckhead was the initial draw to the building, the professionalism of the on-site staff, focusing in on his needs and resolving all requests, was instrumental in his final decision. "The leasing staff was always positive and helpful in guiding me through the leasing process. They really made it a pleasurable experience."

Adding to the appeal of 05 Buckhead, the residences are well-appointed offering details more often found in for sale product. Plans are available with hardwood flooring in primary areas, fully equipped gourmet kitchens featuring custom cabinets with granite countertops highlighted by GE Profile stainless steel appliances, elegant master baths with both glassed enclosed walk-in showers and soaking tubs, and double vanities. The architecture also provides for expansive bedrooms with walk-in closets, and floor to ceiling window walls offering exceptional views in all directions.

Concierge Services of Atlanta and Community Concepts Management have teamed up to provide the attentive and responsive services for residents. A sampling includes personal shopping, pet walking, transportation or car service, event planning, spa, beauty or massage therapy sessions, reservations for travel, dining or entertainment, sporting or concert event ticketing, in-home chef services, to name a few. The management company maintains a fully staffed office on-site to assure immediate attention to a resident's needs.

05 Buckhead offers studio, one-, two- and three-bedroom plans plus elegant two-story penthouse residences, with monthly rentals beginning at $1300 per month. The Leasing Center is open daily at 3242 Peachtree Road, NE. For more information on 05 Buckhead, visit the web site at www.05buckhead.com or call (404) 446-0505.

About Coro Realty Advisors, LLC

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. The firm has a long tradition of preserving Atlanta's landmark apartment buildings, including The Wilburn House, and Palmer & Phelan Condominiums. Coro has also a substantial legacy in offering highly desirable new addresses to Atlanta residents, including Piedmont Crest (condominiums on Piedmont Park), Berkeley Heights (mixed use retail and apartments), Gallery (high-rise condominiums) and Tremont City Living (a new urban living center with commercial, retail, apartments and condominiums).

With a commitment smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.

Coro Realty Advisors, LLC provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

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