ATLANTA—Buckhead Exchange, one of Atlanta's longest-standing retail centers, is getting a makeover. FCA Partners just announced redevelopment plans that aim to transform the 48,500-square foot retail structure into a pedestrian-forward center that can compete for a stronger tenant mix.

FCA acquired the retail center in 2013 for $15.2 million from Principal Financial. Urbana Holdings and Jamestown previously owned the property.

“We were attracted to the property because of its extremely high-quality location in the heart of Buckhead, which continues to become even more dense and urban due to multifamily and other high-density development currently underway,” says Albert Lindemann, managing partner of FCA. “We believe there is strong tenant demand for interesting, renovated, retail space in Buckhead. The visibility and accessibility of this location, combined with our renovation, will attract unique tenants who want to be in Buckhead's emerging modern, urban streetscape but at a more reasonable price point than currently available at the surrounding projects.”