The huge crane at the massive Buckhead Atlanta construction site on Peachtree Road came down this morning, a milestone event for the once-stalled project.
First erected in 2008, the crane sat idle for four years in what residents often referred to as a “hole in the ground” eyesore that many worried would never be completed after the recession jeopardized the project’s future. The metal beast, however, swung back into action a year ago when new management got things moving again.
Its dismantling marks the end of vertical construction at the now-booming site, which has been tagged as a $1 billion mixed-use project including shops, residences and offices. OliverMcMillan, the company that took over redevelopment, also recently announced high-end retailers and restaurants for the projectincluding luxury designers Jimmy Choo and Christian Louboutin.
Future plans for the eight-acre, six-block site may include a boutique hotel, more office space and additional residential housing, including condos. Developer Dene Oliver has previously announced the project will house new corporate headquarters for fashion giant Spanx.