Large Development Planned for Buckhead Village

Developers The Loudermilk Companies are preparing to break ground on four redevelopment projects spanning two city blocks in the eastern portion of the Buckhead Village, according to a report.

The blocks are bounded by Fulton Avenue, East Paces Ferry Road, and Old Decatur Road and currently contain the State Bank headquarters building and the Aaron’s headquarters building, BuckheadView reports.

The Loudermilk Companies said they plan to build a medical office tower at 371 East Paces Ferry and are also planning to gut the Aaron’s building and convert it into office space. The State Bank headquarters could move out of their current home and make it available for conversion into a boutique hotel, CEO Robin Loudermilk told BuckheadView.

Buoyed by OliverMcMillan’s successful Buckhead Atlanta retail project, more and more developers are seeing the area’s potential and are buying in. JLB Partners recently announced plans to transform a lot at 99 West Paces Ferry Road into a mixed-use development anchored by a residential tower with street-level retail due to the property’s location.

A study completed last year by the Bleakely Advisory Group reports that the Peachtree Road Corridor is home to three fifths of the city’s jobs, 70 percent of the city’s tech jobs, and generates $87 billion for the city’s economy. According to the study, the corridor directly supports more than 240,000 jobs and almost 340,000 jobs in other locales.