One of the largest mixed-use developments yet in the Buckhead Village is in the works. Situated one block west of Whole Foods and the St Regis, the 3-acre parcel formally known as 99 West Paces on West Paces Ferry Rd and Paces Ferry Place was sold to JLB Partners for almost $30 million in 2015.
One of Atlanta’s most active developers over the years, JLB Partners is proposing a project which would include over 500 residential multifamily units and over 16,000 square feet of commercial space. The first phase includes 339 multifamily units and 7,600 sq ft of commercial space along West Paces Ferry Rd. The second phase is to take place along Paces Ferry Place and includes 186 multifamily units with 8,500 sq ft of “live-work” space.
The value of this location, as explained in a summary submitted to the Buckhead Development Review Committee by JLB for the project is paramount because, “with the recent growth in both the West and the East Villages of Buckhead, there is an increasingly limited supply of available land for new development. There is no other similarly situated land available for development.”
Of course there is always the question of how the area will handle the traffic infrastructure moving forward, but area retail stores and restaurants would benefit from the influx of residents and the densification happening in the Buckhead Village seems unstoppable.