With already over nearly $400 million spent to date to make Atlanta the next Beverly Hills of the South. The Streets of Buckhead is finally going to happen. Timing is right and Atlanta is ready to claim the title as the most luxurious city in the United States. Certainly Atlanta, Georgia is prime because of the variety of options the city presents and being a poster child for diversity.
OliverMcMillan now owns and permanently controls the project. The company is set to take over The Streets of Buckhead, powering a six-block, eight-acre luxury mixed-use project located in the heart of Atlanta’s upscale Buckhead neighborhood. OliverMcMillan plans to begin construction on the stalled project in late 2011. The firm will work to evolve the architectural plans and re-engage the leasing efforts on the development, leading to an additional $300 million investment to complete the project.
“We have been humbled by the warm reception and support we have received from Mayor Kasim Reed and city of Atlanta and Buckhead stakeholders,” said Morgan Dene Oliver, chief executive officer of OliverMcMillan. “It is an honor to partner with the local community on the completion of The Streets of Buckhead, and we are extremely pleased to bring this world-class development to life.”
The city of Atlanta is ready to welcome OliverMcMillan and excited about the stalled project finally moving forward.
“We are thrilled to welcome OliverMcMillan to the city of Atlanta. The continuation of The Streets of Buckhead project is significant and will put thousands of people back to work. My administration is committed to being a strong partner with the OliverMcMillan team as we bring this world-class project to Atlanta,” said Mayor Kasim Reed.
The Streets of Buckhead marks the 19th public-private partnership development for OliverMcMillan over the course of its 33-year career. The company’s experience with municipalities, raising more than $200 million in public/municipal contributions from its partnerships, has made the company a popular choice for restarting stalled projects in cities across the country.
TopAtlantaLuxury.com is so excited about The Streets of Buckhead and feel that this project is right for development growth. Atlanta luxury is alive and well in this great city!
Source: Global News Wire