Another out-of-town developer is hoping to make its mark on Buckhead Village.
Harbor Bay Ventures, a real estate investment and development firm based in suburban Chicago, plans to officially unveil a 20-story residential building this week that would rise over the reinvigorated shopping and dining district, according to a project summary.
Harbor Bay expects to bring plans before a Buckhead Development Review Committee on Wednesday for hundreds of apartments that would replace a parking lot at 359 E. Paces Ferry Road, across the street from the adaptive-reuse Kimpton Sylvan hotel.
Atlanta-based Loudermilk Companies had envisioned a more traditional office building for the site in 2019, but those plans didn’t move forward.
The East Paces Ferry proposal would join a 21-story tower in the works from New York-based Tidal Real Estate Partners about a block away, to the south; that project expects to transform a Pharr Road block and deliver in 2025. A few blocks west, Dezhu US is angling to build a 17-story venture with for-sale condos.
Harbor Bay’s DRC breakdown and initial renderings indicate at least part of the 516,000-square-foot project would be built using mass-timber construction, as designed by Chicago-based Hartshorne Plunkard Architecture. Project leaders cite sustainability benefits and the speed at which the tower could be built with engineered wood products.
The 1-acre site on East Paces Ferry Road, as it relates to greater Buckhead. Harbor Bay Ventures
Harbor Bay Ventures; designs, HPA
With 314 “dwelling units,” the East Paces Ferry building would top out at 225 feet tall—the maximum height allowed for the Buckhead Village district, per Harbor Bay’s plans. In addition to stacked multifamily units, four townhomes would be blended into the base level along Grandview Avenue.
At one corner (East Paces Ferry and Grandview Avenue), plans call for a 2,400-square-foot coffee shop space with a patio and adjacent greenspace.
The building would also include 308 parking spaces (plus 25 more tandem spaces for residents) and 36 bike-parking spaces. Developers plan to ask for a variance to allow for a curb cut on Buckhead Avenue, according to the proposal.
Property records indicate the site—formerly home to a low-rise office building—spans just shy of 1 acre.
Plans for the East Paces Ferry Road facade. Harbor Bay Ventures; designs, HPA
It’s unclear if Loudermilk is involved in the revised tower project or when it might move forward with construction. We’ve submitted an inquiry with Harbor Bay and will post any additional details that come.
For now, find a detailed look at the company’s proposal in the gallery above.
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