A ground breaking for One Museum Place, a super luxury condominium project slated for Peachtree Street in Midtown Atlanta, has been postponed indefinitely until the credit market loosens up and “we know where the economy is headed,” said the project’s developer, John Wieland.
“That’s our decision right now. We decided to put it on hold until we get past the credit crunch,” said Wieland, chief executive officer of John Wieland Homes and Neighborhoods Inc., one of Atlanta’s largest home builders. Wieland said 15 buyers who placed $50,000 deposits on units will receive refunds. Wieland said he hopes to revive the project in a year or two.
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