More mixed-use wonders are in store for Buckhead. Developer Edens plans to add a new commercial property in Buckhead that is slated to include 345 homes, pending a planned extension of Moores Mill Road. (The road is the key variable here). The development will also feature a Publix Supermarket with a CVS Pharmacy and 24,300 square feet for shops and restaurants.
As part of an agreement with the city, Edens will build out the extension of Moores Mill for $800,000. According to Saporta Report, things got a bit complicated when Mayor Kasim Reed vetoed legislation in November that would have approved the funding of the road. Apparently, he did so because his office had closed a funding agreement with the Federal Highway Administration.
The surrounding area has struggled for the last 20 years to transform into a popular residential enclave, in part due to its distance from a grocery store. Edens currently operates seven other centers in Atlanta, including Buckhead Market Place, Andrews Square, Lenox Marketplace and Brookwood Village.
In an effort to make sure the process doesn't fall behind, the Atlanta City Council recently sent another piece of legislation to Reed. If funding for the extension isn't turned over by April, the city has agreed to pay the $800,000.
· Atlanta City Council determined to induce shopping center along Moores Mill Road [Saporta]