After years of stalled construction on the Streets of Buckhead due to the economic slowdown, the spotlight is officially shining brighter than ever on the heart of Buckhead with the September 18th opening of “Buckhead Atlanta”. The 8-acre, $1 billion upscale shopping, dining, and apartment district covers 6-city blocks in the center of one of the top ten wealthiest zip codes in the nation at the intersection of Peachtree and West Paces Ferry Roads. It has quickly become the new place to see and be seen for Atlanta’s social elite and families alike.
The mix of modern and traditional architecture, pedestrian-scaled streetscapes and mature landscaping create a unique sense of place unlike any other in Atlanta. This one-of-a-kind upscale, mixed-use development features 300,000 square feet of retail, restaurants and cafés, more than 100,000 square feet of luxury office and 400,000 square feet of high-rise residential apartments, in a pedestrian and car friendly environment that will become the hottest destination for both residents and tourists to the city.
Fashion giant Hermes and the Fado Irish Pub were the first two tenants in the development, joined by European retailers Canali, Brunello Cucinelli and Warby Parker at the grand opening. In the coming months, top international retailers such as Christian Louboutin, Alice+Olivia, Akris and Jimmy Choo and restaurants including Lugo Cucina Italiana, American Cut and The Southern Gentlemen will open their doors on a rolling schedule.
Atlantans have heard of the project, formerly known as the “Streets of Buckhead” for close to a decade, and have been plagued with views of the gaping hole and idle cranes left by the demolition of the college crowd hangout – called the Buckhead Village district – in 2007 every time they drove down Peachtree near Paces Ferry Road. City leaders and residents were all in favor of creating a neighborhood center that reflected the cache and style the Buckhead name evokes, and saying goodbye to the rowdy bar scene forever. Famed Atlanta developer Ben Carter assembled the acres of land to build his vision of the “Rodeo Drive of South” – a unique mixed-use destination that would become home to the top retailers and restaurants in the world. But San Diego-based developer OliverMcMillan purchased the struggling site in 2011, and was able to bring the original vision to life, on a slightly smaller scale.
Buckhead Atlanta, named Urban Land Institute Atlanta’s Project of the Year for 2014, will be a defining and much welcomed addition to the Buckhead shopping and social scene. Already 80% leased, this project has the potential to live up to the community’s dream of having a true neighborhood center worthy of the Buckhead name.
This destination shopping and dining experience will benefit not just the Buckhead community proper, but also Peachtree Hills and Garden Hills to the south, Brookhaven to the north, and Vinings to the west. All of these intown neighborhoods will see rising property values, and attractive proximity to one of South’s newest and most prominent mixed-use developments they have been patiently waiting for, over a decade in the making.