Luxury MXD Project Moves Forward

ATLANTA-Ben Carter Properties’ Streets of Buckhead mixed-use development is well under way, with 50% of its 500,000-sf retail component committed. The $1.5-billion project will also include 324 luxury apartments in its first phase, developed by Wood Partners LLC, and a world-class hotel in a later phase.

“For decades, Madison and Fifth Avenues in New York and the Magnificent Mile in Chicago have offered world-class storefront shopping and dining for the discriminating consumer. The Streets of Buckhead offers many of those same luxury retailers, as well as luxury amenities and services in a street-level, open-air environment to create a truly unique experience for the sophisticated customer,” Ben Carter, the company’s founder and chairman, said in a release.

The eight-acre project is bordered by Pharr, Peachtree and East Paces Ferry roads, and North Fulton Avenue. Its retail space is scheduled for delivery in November 2009 and the residencies will be ready for occupancy by spring 2010, according to the development company. Although there are no plans for office space in the initial phase of the Streets of Buckhead, Ben Carter Properties indicates it will be considered as the development evolves.