Excerpt taken from GlobeSt.com on March 2, 2007

A joint venture of locally bases Kairos Development and New York City-based Real Estate Capital Partners is developing the $51 million, 71-unit Astoria at the Aramore Condominium project at 2277 Peachtree Rd. The project will include 28,000 square feet of office space and 5,700 square feet of street-level retail space. The project is the third and final phase of the Aramore residential complex located in the Peachtree Battle neighborhood. Earlier phases were completed in 2003 through 2004 and included 124 residential units with 18,000 square feet of street-level retail. Units average 2,000 square feet and are being sold for an average of $750,000. Construction is expected to begin in early March with Batson-Cook as the general contractor. Project completion is anticipated in spring 2008. “The project sits on the border of Buckhead and Midtown so the location is excellent,” says one source close to the project.