ATLANTA-OliverMcMillan has reached an agreement to acquire The Streets of Buckhead and plans to begin construction on the stalled project this year. The deal on the six-block, eight-acre luxury mixed-use project is expected to close in the next 60 days. Financial terms were not disclosed.
Located in the heart of Buckhead, The Streets of Buckhead marks OliverMcMillan’s development entry to Atlanta. But OliverMcMillan is no stranger to urban and mixed-use commercial real estate projects. The company brings a 20-year track record—including $1 billion worth of developments in seven U.S. cities—to bear on The Streets of Buckhead.
“The Streets of Buckhead represents a prime example of our core focus, which is transforming urban properties into highly attractive and special pedestrian-oriented mixed-used developments that complement the neighboring community,” says Dene Oliver, CEO of OliverMcMillan. “Where some have seen formidable hurdles, OliverMcMillan sees a tremendous opportunity with The Streets of Buckhead.”
Oliver says the firm is working closely with Mayor Kasim Reed, who has pledged his
support for restarting and finishing the stalled development. OliverMcMillan is promising Buckhead a class A development with retail, great restaurants and caf
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