ATLANTA, GA (Feb. 22, 2011) - OliverMcMillan, the largest private property owner in downtown San Diego, has reached an agreement to acquire The Streets of Buckhead project (top left photo) in Atlanta and plans to begin construction this year.
Financial closing is expected in the next 60 days on the sixblock,
eight-acre luxury mixed-use project located in the heart of Atlanta’s upscale Buckhead neighborhood.
San Diego-based OliverMcMillan has a 20-year track record of developing urban and mixed-use retail, entertainment, residential, and office projects in multiple urban locations.
OliverMcMillan also has extensive experience with public-private developments. The Streets of Buckhead will be the firm’s first development project in Atlanta.
“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,” said Dene Oliver, (middle right photo) CEO of OliverMcMillan.
“Where some have seen formidable hurdles, OliverMcMillan sees a tremendous opportunity with The Streets of Buckhead.
:We are working closely with Mayor Kasim Reed, who has pledged his
support for restarting and finishing the stalled development. We look forward to finishing a world-class development with inspiring retail, great restaurants and cafés, two residential towers,and boutique offices.
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.”
For more information about OliverMcMillan, visit http://www.olivermcmillan.com/ contact Jeremy orMeredith at (619) 321-1111, jmeredith@olivermcmillan.com.
Media Contacts: Patrick Hill/Bryan Long, Jackson Spalding, (404) 724-2500
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