Published on June 16th, 2016 |0
Gables Residential clears corner of East Paces & Maple for mixed-use project
Gables Residential first introduced the mixed-use project in December 2014, when it filed for a permit to consolidate five parcels at 514, 516, 520, and 526 East Paces Ferry Road NE and at 3081 Maple Drive NE into one plot in anticipation of the construction of 327 apartment units and townhomes and street-level retail. Gables purchased the properties involved from Buckhead icon Charlie Loudermilk.
The project will have 3,000 square feet of detached commercial space, two vehicle entrances, a dog park on the amenity deck, and a five-level parking deck that may be shared with tenants of nearby buildings, BuckheadView reported at the time.
It will have vehicle entrances on both East Paces Ferry and Maple and originally planned to share its five-level parking deck with the Antica Posta restaurant and the Harry Norman Realtors building, which neighbor the property on East Paces Ferry.
Gables Sr. Vice President Investments Joseph Wilber told the Development Review Committee for SPI-9 (Special Public Interest district) in December 2014 that Gables is seeing more demand for two- and three-bedroom apartments as well as a demand for smaller units.
There is no immediate indication when the construction of the project will begin.
Meanwhile, Hanover Company is moving along briskly on construction of its 6-story, 375-unit apartment development at 475 Buckhead Avenue, where Buckhead Avenue merges with Old Decatur Avenue and East Paces Ferry Road. It stretches between Buckhead Avenue and Pharr Road is about a block from the new Gables Residential
The proposed 375 units would be 70 percent one bedroom and 30 percent two bedroom high- end luxury rental housing, highly amenitized and using modern design with brick and stucco exterior finishes.
Street level units will be accessed directly from the street with front stoops. No street level retail is proposed due to proximity of the location to the Buckhead Atlanta Development.
Almost directly across Pharr Road from the Hanover Company development, Trammell Crow Residential has started development of a 276,000-square-foot apartment project. The company plans to transform the property into Alexan Pharr Road, a 244-unit apartment project on the south side of Pharr between Grandview Avenue and Lookout Place.
Demolition of the property began in late April and early May with the tear-down of an aging group of commercial shopping properties. The new redevelopment will wrap around a .64-acre tract on Pharr Road at Lookout Place that is home to the four-story, 30-unit Barcelona Condominiums.
These three projects are about to change the face of the east end of Buckhead Village between East Paces Ferry Road and Pharr Road and add a lot more apartments to the area as well.