For more than a decade, the cylindrical tower near Spaghetti Junction has stood empty. Cesar Contreras and Marcelo Aramendi want to turn the former Presidential Hotel into 282 apartments, with the first residents moving in during 2028.
The two owners are behind Aramar Investments, which plans to preserve the 14-story building’s concrete structure and rebuild its interior. Contreras, the firm’s managing member, told North Atlanta Star that work could begin in early 2027, followed by the first move-ins in mid-to-late 2028.
Before that can happen, the company needs the rest of its permits from DeKalb County. A land-disturbance permit announced September 28 allows work on the grounds, but approval for the tower renovation is still pending. Contreras said Aramar will wait for the full set of permits before starting…