Published on April 22nd, 2015 |4
High-rise apartments may replace Christian Church of Buckhead
According to Livable Buckhead Executive Director Denise Starling, who oversees the DRC process for Buckhead’s SPI-12, Related Group is on the agenda to present plans for a high-rise
residential tower that would be built at the corner of Peachtree and Stratford roads.
The 2.3-acre site currently includes the home of Christian Church of Buckhead and is adjacent to the site of SkyHouse Buckhead, a 26-story 362-unit apartment tower that just celebrated its grand opening, and a half-block from another high-rise apartment project under construction on Peachtree Road named Cyan.
The Related Group reportedly is partnering with an affiliate of Ackerman & Co. on the project. The size of the project is unknown, but Related Group does have the property under contract. Ackerman & Co. has owned all of the property along that side of Stratford Road for a long time.
What is interesting is that this proposed development site is almost across Peachtree Road from a site behind Lenox Square mall where Related Group had previously submitted plans for twin high-rise apartment towers in conjunction with Simon Property Group Inc., which owns the mall.
Simon and Related Group entered talks in 2013 about a two-phase development project behind the mall that included 750 residential units. But reports are that Simon now is reaching out to other prospective development partners for that project.
Back in 2006, Related Group had big development plans for Buckhead, proposing a $2 billion project called CityPlace Buckhead on 16 acres at Roxboro and East Paces Ferry roads. That project was to have included at least six condo towers with roughly 3,800 units.
Related pulled the plug on that project when the credit market dried up due to the recent recession. The complexion of the project has changed dramatically and now is being developed primarily as apartments by Amli.
BuckheadView plans to cover the May 6 meeting of the SPI-12 Development Review Committee and will report on what is presented regarding the new Related Group project on Peachtree.