Carter pushed aside by lenders
OliverMcMillan, a development firm based in San Diego, is taking over the Streets of Buckhead retail project from Atlanta developer Ben Carter, according to Rachel Tobin with the AJC
Carter told the AJC he has been pushed aside from the project, which he launched in 2006, so that OliverMcMillan can bring in new capital and finish it.
“Our priorities are really simple: I really want the project to get done for the city of Atlanta, for the retailers that have hung in there with us, and for the investors involved so that they can get some money back or make money. I am cooperative and will do whatever it takes to get the job done,” said Carter.
“My whole team has put a whole lot of blood, sweat and tears into it. We think we are certainly capable of getting the job done, but if they’re going to take over and do it themselves, we have to understand that.”
Carter paid more than $169 million to assemble land parcels in the Buckhead Village back in 2006.
Rachel Tobin with the AJC has the story.
Streets of Buckhead
3050 Peachtree Rd NW
Atlanta, GA 30305
1 Response
We’re going to have to start calling Buckhead Atlanta “Little Paris”…….