ATLANTA (Feb. 18, 2010) - The Streets of Buckhead, the ambitious upscale retail project from native son Ben Carter, is quiet once more today. But that could change next month.
Word on the streets of Buckhead is that construction on the on-and-off-again project will resume next month. Last month, Carter told The Wall Street Journal and The Atlanta Journal-Constitution that he planned to secure $200 million in new funding within 30 days. If so, the money could arrive next week.
This morning, during his "State of Buckhead" address before the Buckhead Business Association, unofficial Buckhead "mayor" Sam Massell, touted Ben Carter's fund-raising ability. Former Atlanta Mayor Massell also offered a litany of good news stories about his beloved Buckhead that have appeared in the past 30 days. Here's his list, courtesy of Atlanta INtown, which published the talk.
"And, if that’s not impressive enough, let me review with you a sample of news stories that appeared in local media JUST DURING THE LAST THIRTY DAYS: Vipel Patel is bringing his U.S. Café concept to Lindbergh Vista Apartments; Retailer of offbeat labels, Bill Hallman Studio has opened in 3400 Around Lenox; Tomo’s Sushi is opening in the Ritz-Carlton Residences on Peachtree; Sovereign sold a 48th-floor penthouse for a record closing price of $4.2 million, and another one for $2.35 million; Just Loaf’’n has opened at 3173 Roswell Road; Turner Construction has signed a 10-year, 30,000-square foot lease in Two Alliance Center; Regent Partners has leased close to 90 percent of its commercial real estate space at its 3344 Peachtree Building; Fidelity Bank reports 4th quarter profit; CariSoul Cuisine has opened in the Darlington; The law firm of McCurdy & Candler will move its headquarters from Decatur to 39,000 square feet in Piedmont Center;
"FranchiseMart of West Palm Beach has opened at 2221 Peachtree; Buckhead is to get a new high school (and second middle school); The Havana Club has opened at 3112 Piedmont Center; Generation Mortgage Co. increased its space in Piedmont Center by over 29,000 square feet; An Athens restaurant operator is opening in old Carbo’s space at 3717 Roswell Road; Global Living furniture store has opened at 3106 Early St.; Investment advisory firm French Wolf & Farr has relocated to the Pinnacle Building in order to double its capacity; Baroni Italian has signed a lease with Selig for the former Wolfgang Puck Express space; Aaron’s reports 4th quarter revenue increased by 6.2%; Cousins Properties reports sales of 50 units in less than three months in 10 Terminus Place, and “Streets of Buckhead” developer Ben Carter reports he is in talks with investors to raise $200 million to resume work on this luxury retail project . . . which, like the cup half full, it’s where I see a building half built.
"That’s over 20 positive news stories, and, I repeat, all of that was reported in the last month!"
Just FYI, I live in the Eclipse building and starting last week I began to see (and hear) construction resume on the Streets of Buckhead. Hallelujah!
Posted by: Steven | April 26, 2010 at 09:51 AM
Oh goodness!!! That is some incredible retail construction management and retail project management in action. Just sayin. I like it.
Posted by: RetailChicky | November 08, 2011 at 08:21 PM