The Loudermilk Cos. plans to build an 18-story condo tower in the Buckhead Village. According to this week’s Atlanta Business Chronicle, it could be another sign the intown condo development pipeline is firing up for the first time since the recession ended. At 225 feet, Loudermilk’s new project will be among the tallest buildings in the Buckhead Village, rising over Peachtree and East Paces Ferry roads with 57 condos averaging 3,000 square feet.
The Loudermilk Cos. is calling its project “The Charles,” a nod to influence of the Loudermilks on Buckhead economic development for decades. Three generations of Loudermilk sons are named Charles, starting with Charlie Loudermilk, the founder of rent-to-own giant Aaron’s Inc. and a powerful Buckhead civic and business leader. Robin “Charles” Loudermilk has carried on his father’s legacy as one of the most prominent Buckhead land owners and developers.
The Charles will take shape just two blocks from the former Aaron’s headquarters and stand across from Buckhead Theatre, a concert venue Charlie Loudermilk fought to preserve. The Charles will also sit alongside a park that bears Charlie Loudermilk’s name. The building will likely feature units starting at $1.5 million.
Douglas Sams covers commercial real estate for Atlanta Business Chronicle
Phil W. Hudson is a music, sports and finance reporter for Atlanta Business Chronicle
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