A massive development project in the heart of Buckhead is in progress again, after construction came to an abrupt halt three and a half years ago in the wake of the down economy.
The "Buckhead Atlanta" project is now managed by a new company, San Diego-based Oliver McMillan. They took over after Atlanta-based Ben Carter Properties was unable to maintain construction in early 2009.
"Basically it's going to be a revitalization of the village of Buckhead," said project manager Hunter Richardson. "We're actually creating a next generation for the village of Buckhead, in that any area that is vibrant with the city has to keep evolving with its populations, evolving with the times and changing. It can't afford to get stuck."
Richardson said Ben Carter Properties had a great vision for the original project, but Oliver McMillan has redone most of that initial master plan. The final price tag on the apartment, retail and office complex figures to be somewhere in the neighborhood of $1 billion.
"It'll be a tremendous shot in the arm when we get this back on stream," said Richardson. "We didn't create it, we're just going to fix it."
The first phase of the project is expected to be complete and ready to open sometime late in 2013.
Copyright 2012 WGCL-TV (Meredith Corporation). All rights reserved.
Friday, May 17 2013 6:05 PM EDT2013-05-17 22:05:44 GMT
A metro Atlanta woman said a snake bite cost her an arm and a leg financially. Lisa Zambito killed a copperhead snake like this one in her driveway a couple of weeks ago. "The head moved as I pickedMore >
A metro Atlanta woman said a snakebite cost her an arm and a leg - financially. More >
Friday, May 17 2013 11:23 PM EDT2013-05-18 03:23:46 GMT
With no state lottery in Alabama, and a buzz about the largest Powerball Jackpot in history, people are gassing up their cars, getting out cash and heading to Georgia. CBS Atlanta News caught up withMore >
With no state lottery in Alabama, and a buzz about the largest Powerball Jackpot in history, people are gassing up their cars, getting out cash and heading to Georgia.More >
Friday, May 17 2013 11:52 AM EDT2013-05-17 15:52:49 GMT
President Barack Obama will deliver the Commencement address during the 129th Commencement exercises at Morehouse College. Commencement is set for 11 a.m. Sunday, May 19, 2013 on the Century Campus. TheMore >
President Barack Obama will deliver the commencement address during the 129th commencement exercises at Morehouse College on Sunday.More >
Friday, May 17 2013 11:35 PM EDT2013-05-18 03:35:12 GMT
A Levi's Call has been issued for a missing Sandy Springs 2-year-old girl. Police said Sorelle Torrez was abducted from Roswell Road around 8 a.m. Friday morning by her father, Zebidiah Lockette.More >
A missing 2-year-old girl from Sandy Springs has been found safe in Arkansas. More >
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in...More >
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and...More >