76 replies to this topic

[Temeteron]

any news here?

[dmccall]

The whole project appears stalled. The building so far is mostly below street level, still, and the cranes aren't moving. The protective wall at the curb has now been painted brown, masking out all of the stores' names. Word is that many are pulling out. Not sure how many of these stores will even make it worldwide, much less make it to Buckhead. Meanwhile the Mansion on Peachtree's residential section hasn't sold a single unit and is pitch black at night. I'll bet TSOB developers are shaking in their boots right now. I also bet this project is put on hold for at least 5 years.

[Lady Celeste]

dmccall, on Mar 22 2009, 09:41 AM, said:

The whole project appears stalled. The building so far is mostly below street level, still, and the cranes aren't moving. The protective wall at the curb has now been painted brown, masking out all of the stores' names. Word is that many are pulling out. Not sure how many of these stores will even make it worldwide, much less make it to Buckhead. Meanwhile the Mansion on Peachtree's residential section hasn't sold a single unit and is pitch black at night. I'll bet TSOB developers are shaking in their boots right now. I also bet this project is put on hold for at least 5 years.

I'm curious....what source are you obtaining your information from? Concerning the MOP, I know personally two families who own homes in the building. One is a prominent Atlanta Urologist. He and his wife closed on their property already. As with most high end units as such, they are still in the finishing touches of buildout. Their unit is a full floor unit and was purhcased as a shell. There is also another family that I know from Reynolds Plantation on Lake Oconee. Their MOP unit is actually their second home as they make their primary residence on Lake Oconee. Sure you may see units dark. Most of us have multiple homes and do not normally keep an unoccupied home lite. To say "hasn't sold a single unit" is a falsehood.

Secondly concerning the SOB. I am in the area at least four times a week. I was last in the area on Wednesday and I could have sworn I saw men in hard hats. If you are traveling Peachtree Street northbound you can see a change in the position of the cranes. Why, I don't know because it is common knowledge that Ben Carter...the developer...is in renegotiations with the lenders on file. Could he be in financial binds...perhaps...but that's not the feel I got a few weeks ago. Although we all know that it's no secret that banks are holding on to cash like a desperate lonely woman at a man auction.    

I have also heard...since some like to deal in the world of rumors...that the sign was painted over due to vandalism and not the tanking of the development as a whole. As I have stated, I have lately been in the area quite often and I have seen men in hardhats...unless Mr Carter hires men to walk around to appear as if something is happening.

Again I ask you....where are you obtaining your information?

[tmarion76]

Lady Celeste, on Mar 22 2009, 12:12 PM, said:

I'm curious....what source are you obtaining your information from? Concerning the MOP, I know personally two families who own homes in the building. One is a prominent Atlanta Urologist. He and his wife closed on their property already. As with most high end units as such, they are still in the finishing touches of buildout. Their unit is a full floor unit and was purhcased as a shell. There is also another family that I know from Reynolds Plantation on Lake Oconee. Their MOP unit is actually their second home as they make their primary residence on Lake Oconee. Sure you may see units dark. Most of us have multiple homes and do not normally keep an unoccupied home lite. To say "hasn't sold a single unit" is a falsehood.

Secondly concerning the SOB. I am in the area at least four times a week. I was last in the area on Wednesday and I could have sworn I saw men in hard hats. If you are traveling Peachtree Street northbound you can see a change in the position of the cranes. Why, I don't know because it is common knowledge that Ben Carter...the developer...is in renegotiations with the lenders on file. Could he be in financial binds...perhaps...but that's not the feel I got a few weeks ago. Although we all know that it's no secret that banks are holding on to cash like a desperate lonely woman at a man auction.    

I have also heard...since some like to deal in the world of rumors...that the sign was painted over due to vandalism and not the tanking of the development as a whole. As I have stated, I have lately been in the area quite often and I have seen men in hardhats...unless Mr Carter hires men to walk around to appear as if something is happening.

Again I ask you....where are you obtaining your information?

I agree with you Lady Celeste. I'm new to the forum here but i also live in the Buckhead Area, as i drive by i always see guys walking around in hard hats at the SOB development. I was told the slow down was due to Ben Carter renegotiating the contract with the builder which in the long run would save him money. Smart Move

[nyxmike]

I see Hermes has opened, and so has the St. Regis Hotel. Looking at the webcam, the site appears to be active. Any news/updates on this project?

[sun234]

nyxmike, on Sep 7 2009, 07:31 AM, said:

I see Hermes has opened, and so has the St. Regis Hotel. Looking at the webcam, the site appears to be active. Any news/updates on this project?

It looks like the Project is being delayed again. According to the AJC construction is being halted until spring with a new opening date of Spring 2011.

[Kenneth Disraili-Jean]

I noticed that the opening date for the SOB has now been pushed back to fall 2011, or even possibly spring 2012.
Also I noticed AG Adriano Goldschmied is not listed anymore, and Bottega Veneta has thrown in the towel as far as the SOB are concerned and will be opening a new boutique in Phipps Plaza on the level one Saks wing in the former Max Mara space. That gives the Gucci Group two of three of their high profile boutiques located under the same roof. The other being Yves Saint Laurent.

Edited by Kenneth Disraili, 07 February 2011 - 09:29 AM.

[ct36]

Kenneth Disraili, on 06 February 2011 - 12:55 PM, said:

I noticed that the opening date for the SOB has now been pushed back to fall 2011, or even possibly spring 2012.
Also I noticed AG Adriano Goldschmied is not listed anymore, and Bottega Veneta has thrown in the towel as far as the SOB are concerned and will be opening a new boutique in Phipps Plaza on the level one Saks wing in the former Max Mara space. That gives the Gucci Group two of three of thier high profile boutiques located under the same roof. The other being Yves Sanit Laurent.

The way things are going it wouldn't surprise me if YSL opened up at Lenox anytime now.

[Kenneth Disraili-Jean]

^^That's very true ct, but I hope they will all stay under the same roof. I was looking at spaces and saw that the Coach Footwear or Sunglass Hut spaces would be perfect for YSL. Anyway I don't know how in the world I missed this, but Ben Carter has been pushed out of the development and a new California developer has taken control over the project. If this info is posted in Buckhead Developments, I don't see any harm in it being in both threads. Here is the article>>  http://www.ajc.com/b...ver-786550.html

Edited by Kenneth Disraili, 07 February 2011 - 09:37 AM.

[ct36]

Kenneth Disraili, on 07 February 2011 - 09:36 AM, said:

^^That's very true ct, but I hope they will all stay under the same roof. I was looking at spaces and saw that the Coach Footwear or Sunglass Hut spaces would be perfect for YSL. Anyway I don't know how in the world I missed this, but Ben Carter has been pushed out of the development and a new California developer has taken control over the project. If this info is posted in Buckhead Developments, I don't see any harm in it being in both threads. Here is the article>>  http://www.ajc.com/b...ver-786550.html

I think either one would be great for YSL, and I hope either malls get one soon! And Chanel. If Orlando can have one then Atlanta can too!

[Kenneth Disraili-Jean]

ct36, on 07 February 2011 - 02:57 PM, said:

I think either one would be great for YSL, and I hope either malls get one soon! And Chanel. If Orlando can have one then Atlanta can too!

^^ That is so for real ct. I mean look at the boutiques in Atlanta already, A Global Louis Vuitton that is only one of three locations on the East Coast that carries the men's and women's ready to wear. A expanded and soon to be Global Salvatore Ferragamo also carrying ready to wear, then Prada, a Global Ermenegildo Zegna, Bvlgari, Fendi, Cartier, David Yurman, Tourneau, A/X, the largest Pottery Barn in their entire chain, the mega XXI Forever, theory, Elie Tahari, Valentino, a Global Giorgio Armani, Versace, Bottega Veneta, the mega Jeffery Atlanta, Intermix, Juicy Couture, Bally, Roberto Coin, Barney's CO-OP, Jimmy Choo, a Global Tiffany & Co., a Global Cole Haan, and I could go on and on, but for some reason we can't hook Chanel or DIor, although I must say that LVMH has been good to Atlanta with the boutiques they have added here including Louis Vuitton, Fendi, Michael Kors, Kate Spade, and then hopefully Dior.

[ct36]

Kenneth Disraili, on 07 February 2011 - 03:24 PM, said:

^^ That is so for real ct. I mean look at the boutiques in Atlanta already, A Global Louis Vuitton that is only one of three locations on the East Coast that carries the men's and women's ready to wear. A expanded and soon to be Global Salvatore Ferragamo also carrying ready to wear, then Prada, a Global Ermenegildo Zegna, Bvlgari, Fendi, Cartier, David Yurman, Tourneau, A/X, the largest Pottery Barn in their entire chain, the mega XXI Forever, theory, Elie Tahari, Valentino, a Global Giorgio Armani, Versace, Bottega Veneta, the mega Jeffery Atlanta, Intermix, Juicy Couture, Bally, Roberto Coin, Barney's CO-OP, Jimmy Choo, a Global Tiffany & Co., a Global Cole Haan, and I could go on and on, but for some reason we can't hook Chanel or DIor, although I must say that LVMH has been good to Atlanta with the boutiques they have added here including Louis Vuitton, Fendi, Michael Kors, Kate Spade, and then hopefully Dior.

I don't know either, haha. Similar cities like Houston and smaller cities like Orlando have Dior and Chanel, so Atlanta should have them too! I just wish that Microsoft wasn't opening at Lenox. The product will not be unique at all and will be sold at hundreds of stores in Atlanta. I wish better stores like Chanel or Dior would open or something like Gilly Hicks, which would be a pretty big deal since the nearest store is in Miami, and the malls each store is located in.

[Kenneth Disraili-Jean]

^^ Ha, ha, ha, ct, We have accidentally turned The Streets of Buckhead thread into the Lenox Square/Phipps Plaza thread lol!!
I guess we better dash out of this thread and back to Lenox and Phipps before someone gives us the business lol!!

But one last statement: I agree that Microsoft would have been better over in The Shops Around Lenox and all that space could have been sub-divided for Gilly Hicks, Chanel, Dior, Custo Barcelona, or even Emporio Armani. Ok, now let's run!!

[ct36]

Kenneth Disraili, on 07 February 2011 - 07:38 PM, said:

^^ Ha, ha, ha, ct, We have accidentally turned The Streets of Buckhead thread into the Lenox Square/Phipps Plaza thread lol!!
I guess we better dash out of this thread and back to Lenox and Phipps before someone gives us the business lol!!

But one last statement: I agree that Microsoft would have been better over in The Shops Around Lenox and all that space could have been sub-divided for Gilly Hicks, Chanel, Dior, Custo Barcelona, or even Emporio Armani. Ok, now let's run!!

Word is that A&F is currently testing the Atlanta market for Gilly Hicks. Apparently they have turned the third women's room of the Lenox or Mall of Georgia store into a Gilly Hicks room with bras, panties, etc. It would make perfect sense to do this at SouthPark, since the third womens room there is empty.  I'll see tomorrow when I go there.

Oh wait forgot , haha. Just post back in the Lenox fourm.

Edited by ct36, 11 February 2011 - 03:57 PM.

[Lady Celeste]

The Streets of Buckhead is back on track!

OliverMcMillan, a firm out of San Diego to buy the Streets of Buckhead. They plan on putting $300 million into the project.

Quote

Dene Oliver, CEO of OliverMcMillan:

“We look forward to finishing a world-class development with inspiring retail, great restaurants and cafés, two residential towers, and boutique offices. We will be adding our own unique touches to create a luxury shopping district in Buckhead that will be the envy of the South. All of us understand it has been painful for everyone to have this development in the middle of Buckhead stalled for the last two years, and we will do all we can, with the help of the local community, to restart, finish, and open this local gem.”

Read more here:

Streets of Buckhead

[Kenneth Disraili-Jean]

^^ Thank you for that very informative article Lady Celeste.
We Atlantan's have always had a "can do" spirit and it appears that is still alive. Really exciting news, but I feel somewhat sad for Mr. Carter, but then what else could have been done?

[Kenneth Disraili-Jean]

Well, I hope this new developer will get kicking with this project since it is so far behind. I noticed that Luigi Borrelli is not listed any more, so yet another departure.
It might just be me, but the layout of this project reminds me so much of the Bal Harbour Shops, of course with the added additions of an office tower, two condo towers, and just maybe some elegant hotels.
Atlanta will probably be one of few cities that has three luxury shopping complexes, being Lenox Square, Phipps Plaza, and The Streets of Buckhead.
I wish this new to Atlanta developer the best and like thousands of others, look forward to the opening of The Streets of Buckhead.