Metro Atlanta
Metro Atlanta

Spaghetti Junction’s iconic, rundown tower sold for redevelopment

September 28, 2016 - Atlanta - The building formerly known as the Presidential Boutique Condotel lies vacant and in disrepair. Hefty fines loom for the owners of the rundown iconic Spaghetti Junction tower after they declined to resolve a series of code violations this week. A trial is set for Oct. 11 on the 34 code violations charged to the owners of the 15-story former hotel and condo building. The owners face as much as $34,000 in fines if found guilty of the violations at the structure, which has been vacant several years. BOB ANDRES /BANDRES@AJC.COM

Credit: Bob Andres

Credit: Bob Andres

September 28, 2016 - Atlanta - The building formerly known as the Presidential Boutique Condotel lies vacant and in disrepair. Hefty fines loom for the owners of the rundown iconic Spaghetti Junction tower after they declined to resolve a series of code violations this week. A trial is set for Oct. 11 on the 34 code violations charged to the owners of the 15-story former hotel and condo building. The owners face as much as $34,000 in fines if found guilty of the violations at the structure, which has been vacant several years. BOB ANDRES /BANDRES@AJC.COM
By Joshua Sharpe
June 7, 2018

Presidential Tower, the dilapidated icon looming over Spaghetti Junction, has officially been sold.

Peacock Partnership intends to redevelop the property, built in 1973 near the convergence of I-285 and I-85, as senior housing. The tower used to be a hotel and condos but fell into disrepair in recent years as it sat vacant.

Once complete, the planned complex, which will involve a second new building, will be one of the largest seniors communities in metro Atlanta, according to a news release.

READ: Suit filed over shooting that killed 2 at Underground Atlanta rap show

READ: DeKalb ambulance provider promises better service; Dunwoody skeptical

READ: Guns, cop badges go missing from Lithonia police, report says

“After five years of negotiating this sale with various individual condo owners of the property, we are thrilled with the outcome for Peacock and their plans to revitalize the property for a use that is in high demand,” said Taylor Brown, director at Greystone Brown Real Estate Advisors, which assisted in the sale. “This property will once again be a shining beacon for those traveling through Spaghetti Junction in Atlanta.”

Like DeKalb County News Now on Facebook | Follow on Twitter

In other news: 

Stephen A. Davis has resigned from the New Birth Missionary Baptist Church in DeKalb County.

About the Author

Follow Joshua Sharpe on twitter
More Stories

Keep Reading

A woman was shot in the head Friday afternoon outside a CVS in Loganville, according to police. (Courtesy Channel 2 Action News)

Credit: Channel 2 Action News

Woman dies after being shot in head outside Loganville CVS, police say

Store temporarily closed during police investigation, officials say.

2h ago

Fire gutted a DeKalb art studio. Creatives are now picking up the pieces.

A Wednesday blaze at South River Art Studios ravaged one of three warehouses on the property where about 35 artists create and store all their supplies.

$980M Mega Millions winning ticket sold in Newnan

The player matched all six numbers during a Friday evening drawing and won a jackpot worth an estimated $980 million. It has an estimated cash value of $452.2 million.

The Latest

A woman was shot in the head Friday afternoon outside a CVS in Loganville, according to police. (Courtesy Channel 2 Action News)

Credit: Channel 2 Action News

Woman dies after being shot in head outside Loganville CVS, police say

2h ago

Gridlock Guy: ATL DOT asks to please pardon its progress

Fire gutted a DeKalb art studio. Creatives are now picking up the pieces.

Featured

Prosecutor Skandalakis has previously suggested that pursuing criminal charges against President Donald Trump may not be feasible until after he leaves office in 2029. (Craig Hudson/Politico/Bloomberg via Getty Images)

Credit: Bloomberg via Getty Images

Prosecutor takes helm of Georgia case against Trump. But will he move forward?

A veteran Georgia prosecutor will decide the fate of Fulton County District Attorney Fani Willis' election interference case against Donald Trump and his allies.

With some solar power tax breaks expiring, Georgians rush to catch the sun

Georgia solar installers say they’re seeing a surge of customers trying to install rooftop solar systems before federal tax credits go away at the end of the year.

‘Automatic for the People’: Weaver D’s still bonds Athens as era nears end

After feeding everyone from R.E.M. to Brian Kemp, and coining a phrase that went global, Dexter Weaver is preparing to close his storied Athens soul food restaurant.