Another Parking Lot on Peachtree is Poised to Perish

The Loudermilk Companies have had a big hand in reshaping Buckhead, and now, with the help of Houston-based Hanover Company, they've set their sites on Midtown. The Atlanta Business Chronicle reports the developing duo are ready to construct a 28-story apartment tower at Peachtree and 7th streets. Not only would the building contain 350 apartments, but plans call for 43,000 square feet of office space and ground-floor retail. As we noticed last week, it's one of two new Peachtree tower proposals within a few blocks of each other.

The project will fill a large parking lot along 7th Street between Peachtree and Juniper, across from the soon-to-open, high-end condo building Seventh. While the building is designed by Chicago-based Solomon Cordwell Buenz, the area is old-hat to Hanover; the project is just one of many on a growing list of works in Midtown. And Loudermilk is quickly becoming a big player on the block, with Seventh Midtown in their portfolio and the retail portion of Viewpoint just down the street.

Ground is expected to break on the S-curved glass tower some time next year. And yeah, it looks like the building that houses Bulldogs will be spared.

· Hanover, Loudermilk propose new Midtown tower, continue expanding in Atlanta [Atlanta Business Chronicle]
· Viewpoint and SkyHouse Sprucing up for New Tenants [Curbed Atlanta]