Real estate investment firm UC Asset has acquired Rufus M. Rose’s historic Peachtree Street home with plans to completely renovate the 120-year-old mansion.
The Atlanta-based company closed the deal to acquire a home located across the street from Emory University Hospital in the city center on July 7. UC Asset said it plans to completely renovate the home and work with “city leaders and influencers” to find suitable uses. for one of the last Peachtree mansions.
“We are working very hard to come up with a plan that not only matches history and benefits the current community, but also provides a good return on investment for our shareholders,” said Larry Wu, founder of UC Asset.
UC Asset’s plans have been approved by Atlanta Preservation Center, which is working with the company on the upcoming restoration.
“UCASU is committed to preserving this home and it represents an ongoing renaissance in downtown Atlanta through a forward-looking partnership. The Atlanta Conservation Center is thrilled to be involved with UCASU in seeing this piece of our city’s history return and welcome future generations to Atlanta, ”said David Yockley Mitchell, executive director of the center. “The Rufus Rose House has been our headquarters for many years. This adds another reason for my personal commitment to this project. “
The Rufus Rose House is one of the oldest buildings in the Atlanta Metro and is listed on the National Register of Historic Places and recognized by the City of Atlanta as a landmark. The home has been empty and in decay since the Atlanta Conservation Center moved in 2001.
Over the past 20 years, the house has changed hands many times with various plans to transform it into offices, a restaurant, a studio, and an entrepreneurial space. The Queen Anne Victorian home was designed by Atlanta-based architect E.K. Seizom. It was built in 1901 for the wealthy distillery founder RM Rose.
Many Atlanta residents will remember this mansion as home to James Elliot’s antique shop and the Atlanta Museum, which featured an eclectic array of oddities, including furniture from gone With the Wind the home of author Margaret Mitchell, the original model of Eli Whitney’s gin, and items belonging to George Washington, Thomas Jefferson and Adolf Hitler.