Skyline: Church buys parcel in Buckhead for sanctuary

ChristChurch Presbyterian in Buckhead bought 1.16 acres at 25th and Peachtree streets, where it will build a new sanctuary.

ChristChurch paid $8 million for the site near the Amtrak station and I-85, according to Databank. The seller was Brown College, a court-reporting school, which plans to move out by the end of the year.

The Rev. Paul Gardner said the 14-year-old church will move its offices into the new location in November and hopes to have the sanctuary built within three years.

ChristChurch now occupies a former restaurant building on Peachtree Park Drive near Piedmont Hospital that can seat about 500 people. Gardner said the new sanctuary will seat 800 to 1,000 people.

Some parking will be on-site; the rest will be on nearby lots.

Gardner said the new building will be recognizable as a church but “will have an urban feel to it” and serve several functions.

IN THE WORKS

A $200 million continuing care retirement community in Buckhead called Peachtree Hills Place is scheduled to break ground in the spring.

The development, at Peachtree Hills Avenue and Virginia Place where the Peachtree Hills Apartments used to be, will have 266 villa-type homes and eight free-standing residences.

Entrance fees will cost $573,300 to more than $1 million. Members also will pay a monthly fee ranging from $3,115 to $6,765. Amenities include 36 skilled nursing and memory care suites, a clubhouse, fitness center and greenhouse.

When a member moves or dies, 90 percent of the entrance fee will be refunded.

The developer is Norcross-based Isakson-Barnhart. Life Care Services LLC will manage the facility.

NOW OPEN

Sommer Development opened a 102,000-square-foot self-storage facility this week in south Fulton County.

The Neighborhood Self-Storage building, with 735 spaces, is located at Old National Highway and Bethsaida Road. It’s projected to gross $1.1 million annually when fully operational.

The facility is brick and stucco and has a fountain.

TODAY’S BIG NUMBER

$11: In millions, what TVO International of Chicago paid for the 164-unit Crossing at Henderson Mill apartment complex in Atlanta. The property went into foreclosure in July 2007. The seller was Empire Financial Services of Milledgeville.

Source: Databank

ON THE MARKET

A high-profile commercial space in the Inman Village redevelopment in Inman Park is on the market for $1.92 million.

The 7,700-square-foot space, at 870 Inman Village Parkway and North Highland, could be a restaurant or shop. It’s across North Highland from the popular Parish Foods & Goods restaurant.

Paul Serio of Vantage Realty Partners is the listing broker.

COMING UP

ULI Atlanta is sponsoring a discussion Sept. 11 called “The Demand for Walkable-Urban and Transit-Oriented Development —- Where the Pent-up Demand Is.” Chris Leinberger, a land-use strategist, is the featured speaker. The event begins at 7:30 a.m. at the American Cancer Society Center Theater, 250 Williams St., Atlanta. To register, call 1-800-321-5011.

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