Too Many Apartments in Buckhead?
Buckhead is already home to many apartments and more are on the way. How many is too many for Buckhead?
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Buckhead is a name synonymous with luxury, and everyone wants a piece of that, including those who live in apartments.
The demand for apartments continues to increase and developers are flocking to Buckhead to offer the supply that will meet the demand. Former Atlanta Mayor Sam Massell said in his recent State of Buckhead address that more than 3,500 apartments were announced in 2012 to be in some stage of development in Buckhead.
Massell did address "overbuilding" in his talk and said he was afraid that some of the apartments will be “struggling with rents.” If this pace of apartment-building continues, Buckhead will have doubled its inventory in six years, he said.
It was just announced that Buckhead would be seeing another 700 apartment units, being called Prominence Buckhead, in two different towers at the corner of Piedmont and Lenox roads. The project is set to begin in 2015 and be completed by 2017.
In late 2012, Dante's Down the Hatch announced that it would soon close to make way for a new 10-story, 288-unit luxury high-rise apartment building sometime this month or possibly in April. Several readers were not pleased that the iconic restaurant would be replaced with another apartment high-rise building.
Atlantic Realty Partners, which plans to tear down Dante's to make room for its high-rise, is also currently redeveloping the Georgian Hills apartment complex at 1185 Collier Road. The aging complex has been demolished and is being replaced with a 288-unit mid-rise apartment development called The Reserve at Collier Hills.
Are there too many apartments in or coming to Buckhead? Tell us what you think in the comments below.
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Barton Fleming
9:51 am on Monday, March 4, 2013
Wow, just what we need to the intersection of Piedmont and Lenox during rush hour, 700 more cars trying to get home into the center of the worst rush traffic corridor in Buckhead, the Roswell Road to Peachtree Road route. This area is already immobile during rush hour. Is the develop going to widen the road, or do anything for the additional traffic that is being created?
Kiri Walton
10:17 am on Monday, March 4, 2013
I'll check on this and follow-up when I get a response from the developer.
Margaret Smith
2:30 pm on Monday, March 4, 2013
Will Buckhead really be better off with one new apartment building at the expense of Dante's? One new building won't even be noticed in the overall scheme of things, but Dante's will surely be missed.
CathyWahlen
9:31 pm on Monday, March 4, 2013
I think City Hall is allowing all of this due the $$$. All of this is going to cause grid lock not just on weekends (which exists now) but daily 24/7. Mr. Massell should be thinking of quality of life for Buckhead residents not that apartments might/would be struggling for rents.
Barbara LeBey
10:14 am on Tuesday, April 9, 2013
Traffic will be a nightmare. NYC has enormous density but public transportation alleviates the problem, Our public transportation is a joke. MARTA is a bicycle wheel without spokes. Buses may or may not run, and forget taxis.They are non existent except to and from the airport. Try hailing a taxi on Peachtree. Add to the traffic problem the increased crime in Buckhead, and we will see a gradual deterioration of a once beautiful and livable area. As long as Atlanta bureaucracy runs Buckhead, it will lose it's appeal, not to mention the Atlanta Public School situation. Who will tackle these problems? Not Atlanta City government because they are only interested in raising more tax revenue to squander on high salaries and their pensions.