Published on July 17th, 2015 |0
Grand China, Exxon station sites slated for new apartment complex
This follows the report June 30 by BuckheadView that Mill Creek Residential has a contract on the property at the southeast corner of Peachtree and Pharr roads and plans to develop an apartment complex with ground-level retail on that site. (To read that story, click here.)
BuckeadView also had reported June 30 that the owners of the Grand China restaurant—which had been at its present location for about three decades—planned on moving the operation to a house the family owns at 2905 Peachtree Road, where Peachtree Bikes has been located for the past year. (To read that story, click here.)
John W. McGriff, owner/operator of the Buckhead Exxon Station, 2965 Peachtree Road, told BuckheaView Thursday that Grand China had closed shop next door on Wednesday and he had until the end of the month to close the service station and vacate the site.
McGriff also said borings were being done all over the two sites of Grand China and the Exxon station in preparation for a new development on the two land parcels at 2965 and 2975 Peachtree Road.
On Dec. 3 of last year, BuckheadView reported developer Terwilliger Pappas had presented plans to the Development Review
Committee for SPI-9 (Special Public Interest district) for a high-rise residential tower of some 300 apartments that would replace the iconic Grand China Chinese restaurant and Buckhead Exxon service station on Peachtree Road in Buckhead. (To read that story, click here.)
BuckheadView later reported that Terwilliger Pappas’ plans to purchase the properties had fallen through.
A reliable source, who asked not to be identified, told BuckheadView that Preserve Properties LLC, which developed the 92 West Paces Ferry apartment community next to the St. Regis Hotel and Residences in Buckhead, now has the Grand China/Exxon properties under contract and plans to develop apartments with ground-level retail or office space on the site.
BuckheadView’s source said the parcels had been owned by Brand Properties, which is planning to redevelop the former Garden Hills shopping center site further down Peachtree Road at the intersection with Rumson Road.
Brand Morgan, CEO of Brand Properties, told BuckheadView Friday, “We are early in the sales process so it’s too early to comment on the likelihood of a sale. As far as Grand China closing, you are correct. My only hope is that a decent dish of beef chow mien returns to Buckhead soon.”
(For years, Peachtree Bikes was located at the Garden Hills shopping center until a fire in early December of 2013 forced all the merchants out of the center and eventually caused the center to be demolished. Brand Properties’ plans for redeveloping that site will be on the agenda of Neighborhood Planning Unit-B’s Zoning Committee meeting for July 28.)
BuckheadView contacted Mike Busboom, vice president at Preserve Properties, Thursday afternoon, but he said the company was under “some sort or a non-disclosure agreement” and there was very little he could say. In fact, he wasn’t sure he could say anything.
That, however, virtually confirms there is more than rumor to the purchase of the properties by Preserve Properties
LLC, which could lead to a very different look and feel to the block just south of Pharr Road along Peachtree.
Mill Creek Residential has acknowledged it has a contract on the 1.1 acres at the southeast corner of Peachtree and Pharr roads and plans to develop a multi-family project there with retail on the ground floor. The corner presently has a one-story retail development that is anchored by the Promove apartment finding organization.
Between the two properties—the ones under contract by Mill Creek Residential and under contract by Preserve Properties LLC—is a piece of property that has a driveway to an auto repair facility below and behind and a building that houses an exercise equipment retailer.
Reliable sources say that property is owned by Mary Bradshaw and is not part of the negotiations involving either Mill Creek Residential or Preserve Properties LLC. Mary Bradshaw and her brother also own the former Three Dollar Café property across Peachtree Road, but the brother is not a partner in this property on the east side of Peachtree owned by Mary Bradshaw.
Preserve Properties LLC was founded by John Draper, who has spent more than 30 years developing large multifamily projects in Atlanta and the Southeast. Draper founded The Sterling Group in 1984 and developed approximately 3,500 multifamily apartments and condominiums in subsequent years.