This is great news for Atlanta, ever since Davison's / Macy's building closed it just looked sad, but this will give that area a great look and more people will start going downtown more.
click here to see old photo of Davison's and Peachtree st.
More than 20 investors calling themselves the 180 Peachtree Retail Group want to turn the first three floors of the historic building into shops and restaurants.
The plan includes opening a prepared-foods marketplace on the third floor, under the guidance of a soon-to-be-named noted local chef, said Robert Patterson, managing partner of the investment group.
"It's going to feel much more like a Faneuil Hall Market Place [in Boston] with boutiques and restaurants," Patterson said.
The building's arched windows will become lighted openings fronting a wall of glass set back about 25 feet, Patterson said. A grand hallway will be lined with retail.
Patterson said a recent study showed downtown needs about 1 million square feet of additional retail to serve office workers, students, residents and visitors.
The yet-to-be-named retail center could open in late summer or early fall of 2009, Patterson said.
The top five floors of the eight-story building will remain office space owned by the Peachtree Carnegie limited partnership.
AJC story.
photo from creative loafing.
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