Our Experts Talk Prestige, 100-Mile Driving Trips and the Future of Buckhead

When it comes to office in Atlanta, the address has become what matters. A Peachtree address, that is. Niles Bolton's Stephanie Kirkpatrick told our audience of more than 300 real estate pros at last week's Future of Buckhead event that office in Atlanta has been coming back, but “the Peachtree address [is] becoming very, very critical.” For companies looking to recruit and retain employees, the address prestige is a luring factor. “Some of the more classic trophy buildings that were on Peachtree Road...are now being repositioned as extremely viable products for current users,” she says.

Stephanie was part of a panel that included AGH's Randy Gold (not pictured), DPR Construction's Russ Brockelbank, EDENS' Herbert Ames and Buckhead CID's Jim Durrett. Both Phipps Plaza and Lenox Square Mall remain the main shopping destinations in Buckhead, Herbert says, adding that they're among “the best malls in the country” with shoppers traveling as much as 100 miles to come to them. That said, Herbert says you're seeing a more “intimate” shopping experience focused on walkability with Buckhead Atlanta. And the apartment explosion in Buckhead will only add to the foot traffic density.

Traffic is still an issue in Buckhead, especially with so many people moving into the area, and that means there needs to be a “serious conversation as a region” on mass transit funding as a whole instead of focusing on whether or not bike lanes will be going through Buckhead Village, Herbert says. Jim (here) says part of the road redesign will be adding a center turn lane, which will address traffic problems. Jim also says he hopes Buckhead will be a pilot city for future autonomous vehicle testing.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

Solar Projects In Georgia Meet Local Backlash As Data Centers Drive Demand For Power

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire

1,300 Projects Potentially Paused Due To Suspension Of Quality Inspectors

EXCLUSIVE: Georgia-Pacific Scraps Conversion Plans For Its Atlanta HQ

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears