An aging office tower in the heart of Buckhead Village is destined for a major revamp following its sale, according to the Atlanta Business Chronicle. The Aaron Building, home to the furniture rental chain's offices, will likely be sold to Knox Properties and Redan Group and redeveloped into "loft" offices as Aaron's moves their operations to Cobb County. Back in the 1960s when Charlie Loudermilk founded Aaron's and built the 105,000-square-foot building, the nondescript 12-story office tower rose high above the surrounding low-slung neighborhood. But now, the building is just one of many in the quickly growing skyline — and Loudermilk and his family played a key role in the transformation.
Charlie Loudermilk — and his family's company — has ramped up the reshaping of this key area in the last few years. The Loudermilk Company is planning to construct a new office building just across East Paces Ferry Road from the Aaron Building and another just down the street at 359 East Paces Ferry. And if that's not enough, they are working with Hanover on a new apartment tower next door to the Buckhead Theatre, across from Charlie Loudermilk Park (not a coincidence). The other big player in the neighborhood, OliverMcMillan — the company behind The Shops Buckhead Atlanta — is working on a tower at the old Hifi Buys site. Meanwhile, other developers are honing in on the area as well, with more office and apartment towers slated to fill surrounding blocks.
With all the competition, one would think those "loft" office spaces had better be pretty swanky to attract tenants to an older building. As Ponce City Market conversions have shown, it can be done.
· Aaron's Buckhead headquarters finds buyer [Atlanta Business Chronicle]
· Buckhead Village Office Tower a Step Closer to Reality [Curbed Atlanta]
· Land Sale Near Buckhead Triangle could Trigger High-Rises [Curbed Atlanta]
· Buckhead's Broadstone Court: the First of So Much More [Curbed Atlanta]
· Triangular Park in Heart of Buckhead Finally Debuts, with Bells! [Curbed Atlanta]
· Buckhead Office Tower Could Rise from Grave of HiFi Buys [Curbed Atlanta]
· On Tap: More High-Rise-Ish Rentals for Bustling Buckhead [Curbed Atlanta]