Buckhead Exchange Redevelopment to Start Soon
- May 27, 2015
A large-scale redevelopment project will transform the Buckhead Exchange shopping center and FCA Partners recently announced its plans. The Charlotte, NC-based employee-owned real estate investment management company acquired the 48,500-square-foot retail center in 2013 for $15.2 million from Principal Financial.
Buckhead Exchange is one of Atlanta’s longest-standing retail centers; Urbana Holdings and Jamestown have previously owned the property. It is located at 3167 Peachtree Road, at the corner of Peachtree and Grandview Avenue in the Village area in the heart of Buckhead. The renovation is set to transform the existing 48,500-square-foot structure into an updated, pedestrian-friendly center and it is expected to attract leading local and regional tenants offering soft good, dining and service options.
Plans call for a comprehensive architectural redesign and renovation of the exterior storefronts and pedestrian environment. It includes a wholly new façade featuring a variety of textures and materials, with updated sidewalks, parking lot and landscaping. The mid-portion of the building is set to be demolished and a pedestrian walkway will be created in its place that would separate the east-facing storefronts from those with frontage on Peachtree Road and Grandview Avenue. The modification also enables for new storefronts to be created and the renovated lower level should also provide enough space for two or three tenants.
Demolition is scheduled to begin in May with the majority of renovations completed in phases by early 2016. Two tenants, Storico Fresco Pasta and YEAH! BURGER have already signed leases for 4,000-, respectively 3,200-square-foot spaces in the renewed facility.
Photo credits: FCA Partners (via Livable Buckhead)