[EXCLUSIVE] Perennial Properties Planning Peachtree Apartment Project

Atlanta based Perennial Properties plans to construct a new 12-story, 256 unit apartment complex in Brookwood Hills.  The project would be located at 1781 and 1789 Peachtreee Street, parcels that Perennial purchased in 2014 and 2015 respectively.  The two parcels total just over two acres and are currently occupied by a pair of low-rise office buildings. 

Rendering of Perennial's new Brookwood Hills project (click to enlarge)

HUFF Furniture "Restructuring" to Compete in Modern Retail Market

Buckhead's HUFF Furniture is currently having what it is calling an everything must go "Restructuring Sale."  The sale, which started this past Friday, offers discounts of up to 70% off all merchandise. 

Burger 21 a Bust in Buckhead

Quick serve burger chain Burger 21 has closed its restaurant in Chastain Square in north Buckhead. The roughly 3,100 square foot burger joint opened in the Publix-anchored center on Roswell Road in late July of 2015 and closed this past Friday, June 30th. As I reported this past December, the restaurant was not meeting expectations and had been for sale with local restaurant brokerage, The Shumacher Group.  According to Steve Josovitz of The Shumacher Group, the listing has been off their site "for a while."

[UPDATE] Chick-fil-A North Druid Hills to Close in August

This past April, I revealed that the freestanding Chick-fil-A on North Druid Hills and Briarcliff Roads, the first ever freestanding Chick-fil-A, would be closing to be rebuilt. The news was met with shock and surprise with many wondering when exactly it would close and when it would reopen. 

Bits & Bites [Atlanta Commercial Real Estate News]

 Wahlburgers plans to open their first Atlanta area location next week at The Battery Atlanta at SunTrust Park. The restaurant, an independently owned franchise of the Massachusetts based restaurant started by the Wahlberg family, is the first of potentially six planned for the greater metro Atlanta area. As of today, the restaurant is planning to open Thursday, July 6th. I sure hope Mark Wahlberg can spare some time in his "Unlimited" schedule and make an appearance at the restaurant.