Major Changes at the Streets of Buckhead
According to the AJC, it looks like a new developer has taken control of the Streets of Buckhead. OliverMcMillan, a San Diego firm known for mixed-used developments, is being brought in by financial backers to replace well-known Atlanta developer Ben Carter, who started the project in 2006 but was unable to keep it going amid the real estate bust. I’ve blogged about the Streets of Buckhead many times before. It’s a key development project in the heart of Buckhead. Ben Carter broke all kinds of pricing records when he bought out the Buckhead Village as one big tear-down. All of...
Read MoreStreets of Buckhead Update
There is a lot of curiosity about the Streets of Buckhead project. Each time I write an article about it, the web traffic to this website spikes. The AJC gave an update on the Streets of Buckhead today. In short, the project needs $200 million to resume construction. Streets of Buckhead developer Ben Carter said Wednesday he is in talks with private investors to raise $200 million to resume work on the stalled luxury retail project. Unable to get a traditional bank loan amid the credit crunch, Carter said he has been seeking private investment money instead — a position many...
Read MoreGood news for Streets of Buckhead
I reported a couple of months ago that construction at the Streets of Buckhead had ground to a halt. Well we should see the cranes swinging through the Buckhead skyline starting again in July. Ben Carter, the developer of the project, apparently stopped the construction to renegotiate contracts for labor and materials during this down economy. He said he was successful in getting at least $10 million in concessions. There are plenty of super, high-end stores and restaurants committed to the project. Check out this post for plans on this Buckhead area development. I’m very excited...
Read MoreStreets of Buckhead Slowdown
It appears as if progress on the Streets of Buckhead has slowed down. I can’t say that under this economy it’s a huge surprise, but I still have a lot of enthusiasm about the long-term prospects of the project. In the end it will re-enforce Buckhead as the preeminent, luxury shopping, dining and entertainment destination for the Southeast. Here is what the AJC said about the slowdown: Work on the $650 million first phase of the project has all but stopped as Carter renegotiates contracts with contractors and works with retail tenants, such as jeweler Van Cleef & Arpel, on...
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