Luxist

The iffy real estate market has delayed another condo project, this time in Atlanta, Georgia. One Museum Place is a biggie, a $350 million project that is to be located across the street from the High Museum of Art. The building was set to be home to 96 luxury condos selling in the $2 million range as well as a 15,000-square-foot gallery for contemporary art, retail and restaurant space. The gallery is meant to be a showcase for cutting-edge work and would be subsidized for the first 10 years by the Wieland Family Foundation and curated with assistance from the High Museum's contemporary art curator.The developer, John Weiland, has put the project on hold for at least 18 months, at which point they will reevaluate the plan, hoping to find a more favorable real estate market. 16/04/08