Published on June 1st, 2016 |2
Loudermilk Cos. plans condo/retail tower on Buckhead Village triangle
property across Peachtree Road from Charlie Loudermilk Park.
The plans call for 57 two- and three-bedroom condo units, averaging 2,900 square feet, in a tower above 30,000 square feet of ground-level retail on both Peachtree and East Paces Ferry Roads. It also includes a three-level parking deck for retail customers and residential owners.
The Loudermilk Cos. development presented its initial plans Wednesday, June 1, to the Development Review Committee for Special Public Interest-9 district, which had relatively few suggestions for the developer to consider.
At present, the approximately 1-acre site is a single-story strip retail center at Peachtree Road and East Paces Ferry, anchored on the corner by Mitchell Gold & Bob Williams furniture store and including long-time tenants Chuck’s Firearms and The Fish Hawk, both fixtures in Buckhead since the ’70s. Mitchell Gold & Bob Williams will remain in place.
Loudermilk Cos. President and CEO, Robin Loudermilk, told the Atlanta Business Chronicle Tuesday, “We are going to try to find a new home for them (Chuck’s and The Fish Hawk). They are part of Buckhead culture.”
Loudermilk Cos. Director of Development Brian Lu told DRC members that pre-sales of the condo units is required to begin construction, which he estimated could begin at the earliest in the first
quarter of 2017.
Loudermilk Cos.’ development team refused to discuss what the prices might be for the two- and three-bedroom condos in the project, each of which will have an average 500-square-foot outdoor patio, kitchen and living area.
The real estate company has hired architect Lord Aeck Sargent to start the project’s design.
The SPI-9 DRC members were told that the retail store height levels along Peachtree Road facing Loudermilk Park would be 30 feet, which could allow for a loft in some of the stores.
The Peachtree and East Paces Ferry roads ground level retail will have a masonry veneer. The ground-level retail will be topped with three levels of parking deck for both retail customers and condo residents. The residential tower exterior is anticipated to be stucco.
The entry to the parking deck of the building, as well as to the two loading docks, will be off of Bolling Way. Separating the new development from the one-story Mitchell Gold & Bob Williams furniture store will be a 10-foot wide gap area with sidewalk for service of the back shop activities for the building.
One of the DRC’s recommendations was that Loudermilk secure that path between the two buildings with gates on both ends and with lighting, to eliminate its use as a cut-through between East Paces Ferry and Peachtree and a safety hazard during nighttime hours.