Loudermilk Companies
  • Home
  • Purpose + Core Values
  • Team
  • Portfolio
    • Office
    • Retail
    • Mitigation Banking
    • Residential
    • Portfolio Companies
  • Contact Us
  • Menu Menu
  • August 5, 2016 | Redevelopment adding shops, restaurants to Buckhead | The Loudermilk Companies

Redevelopment adding shops, restaurants to Buckhead

August 5, 2016 | By Tonya Layman / The Atlanta Business Chronicle

With longstanding shopping meccas like Phipps Plaza and Lenox Square and the more recent addition of Buckhead Atlanta, Buckhead has been one of the Southeast’s premier shopping, dining and entertainment destinations.

Even with the vast offerings between those major attractions, more retail is needed in Buckhead to help the area maintain its status as a shopper’s destination, according to retail real estate experts.

Ray Uttenhove, executive vice president at SRS Real Estate Partners, said while no major retail developments are underway in Buckhead, there is a good bit of redevelopment and those projects promise more unique and connected retail offerings.

“The thing Buckhead doesn’t have is a lot of street front retail that is connected. There isn’t really a shopping street,” she said. “I think what is exciting, and what I would love to see more of, are retail redevelopments and renovations that offer more connection and pedestrian traffic.”

August 5, 2016 | Redevelopment adding shops, restaurants to Buckhead | The Loudermilk Companies

These things seem to be underway in Buckhead. Columbia, S.C.-based Edens is redeveloping Andrews Square and Hanover Co. is building the 22-story Hanover Buckhead Village which will have 353 luxury apartments with restaurants and retail at sidewalk level.

Charlotte, N.C.-based FCA Partners is wrapping up a redevelopment of Buckhead Exchange, a 48,500-square-foot shopping center at Peachtree Road and Grandview Avenue. The Loudermilk Cos. LLC is planning an 18-story condo tower in the Buckhead Village, which will include 30,000 square feet of ground-floor retail.

“I think what we will see is continued redevelopment of some of the older retail in Buckhead,” Uttenhove said.

These redevelopments will likely attract more local retailers who provide unique retail experiences.

“Buckhead is an affluent market and doing well, but there is always room for good additional retail and restaurants,” she said.

Penelope Cheroff, owner of The Cheroff Group, which specializes in restaurant and retail brokerage and consulting, said even though Buckhead is home to two great shopping centers and the upscale Buckhead Atlanta, there is a need for more specialty shops.

“The rental rates in the mall are higher than the small boutique owner can pay, so we need places that can incubate that kind of retailer,” Cheroff said. The redevelopment projects at East Andrews and Buckhead Exchange are a good start to support this movement and welcomed additions in the marketplace.

“They provide the local specialty retailer what is needed — a concentration of stores that makes it a destination,” she added.

Shopping and dining often go hand-in-hand and much like the need for smaller, locally owned stores there is a desire for more locally owned, chef-driven restaurants in Buckhead.

Since its May opening, South City Kitchen Buckhead has been serving up that chef-driven concept in Buckhead. The 6,000-square-foot restaurant is the latest addition for Fifth Group Restaurants and the third South City Kitchen location, with the other two in Midtown and Vinings.

“We are a 24-year-old company and while our home base is Midtown we have grown into other areas…, the time was right to put a restaurant in Buckhead,” said Robby Kukler, partner at Fifth Group Restaurants. “Buckhead is the center of business, entertainment and shopping and is an area that continues to grow. It is a great neighborhood and business center and we knew we could be part of the fabric of that neighborhood and bring something from dining perspective that didn’t exist there.”

Originally appearing in the The Atlanta Business Chronicle
View Original Article Here

Latest Press

  • Thompson Buckhead now welcoming guests in Atlanta January 11, 2022
  • Boutique hotel coming to Buckhead combines Southern charm, mid-century design October 4, 2021
  • Acquisition of 1801 Peachtree Street in Atlanta August 31, 2021
  • Krog Street Market’s Recess Restaurant Adding Buckhead Village Outpost August 12, 2021
  • Hyatt Plots Thompson Hotels Growth July 7, 2020
  • Residential Deal of the Year: The Charles leads Atlanta in new condominium construction March 6, 2019
  • 1960s Buckhead office building revamped and totally leased out March 6, 2019
  • Prominent Atlanta developers plan $80M Buckhead hotel September 12, 2018
  • Atlanta Press Club Reception Honoring Charlie Loudermilk and Amb. Andrew Young August 28, 2018
  • Loudermilk Companies Employees Run in Atlanta’s Finest 5K August 28, 2018
  • Robin Loudermilk – Helping Develop Perry November 13, 2017
  • New Development – The Loudermilk Companies Cuts Ribbon For The Preserve at Ag Village November 13, 2017
  • The Rebirth Of 309 East Paces Ferry June 27, 2017
  • Loudermilk Endeavoring For 240-Acre Mixed-Use Project Way Out In Perry June 27, 2017
  • Simply Buckhead: A Name Synonymous with Buckhead June 6, 2017
  • Boom times for Buckhead Village May 26, 2017
  • Vertical Construction Begins on 371 East Paces Ferry MOB in Buckhead May 26, 2017
  • Demand for MOB Space Drives New Development in Buckhead May 26, 2017
  • Coro Pays In Excess Of $500/SF For Loudermilk’s Midtown Retail May 1, 2017
  • Loudermilk selling Midtown properties to Coro in $47 million deal April 13, 2017

Contact

  • 309 East Paces Ferry Rd
    Suite 1200
    Atlanta, Georgia 30305

  • 404-233-8164

2012-2023 © Copyright The Loudermilk Companies, LLC
  • Terms of Use
  • Privacy Policy
Scroll to top