Economy
At the heart of Buckhead around the intersections of Lenox, Peachtree and Piedmont Roads, is a shopping district with more than 1,400 retail units where shoppers spend more than $1 billion a year. In addition, Buckhead contains the highest concentration of upscale boutiques in the United States. The majority are located at Lenox Square and Phipps Plaza, sister regional malls located diagonally across from each other at the intersection of Peachtree and Lenox Roads. The malls are home to designer boutiques, mainstream national retailers, as well as six major department stores. This commercial core also has a concentration of "big-box" retailers.
The "Buckhead Atlanta" mixed use development originally aimed to bring even more exclusive boutiques, restaurants, hotels, condos and office space to Buckhead. In 2011 developer Oliver McMillan bought the property and plans to build a scaled-down version, not an upscale shopping district, but an "urban village" woven into the community with 300,000 square feet (28,000 m2) of retail and restaurants, 40,000 square feet (3,700 m2) of boutique offices and two 20-story luxury apartment buildings.
Buckhead is also a center for healthcare, and is home both to Piedmont Hospital and the private, catastrophic care hospital Shepherd Center which specializes in spinal cord injury and acquired brain injury. The two hospitals are located adjacent to one another along Peachtree Road. This location is known as "Cardiac Hill" by runners of the annual Peachtree Road Race.
Buckhead is also the location of a large share of Atlanta's diplomatic missions. Consulates in Buckhead include the Consulate-General of Australia and the Australian Trade Commission, the Consulate-General of France and the French Trade Commission, the Consulate-General of Brazil, the Consulate-General of Japan, and the Consulate of Greece.
Read more about this topic: Buckhead (Atlanta)
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)