Bleakly Advisory Group worked with lead planning firm Kimley Horn to help produce BUCKHEAD REdeFINED, the 10-Year update to the Buckhead Livable Centers Initiative (LCI) plan focused on land use enhancements, transportation improvements, and the creation of a stronger identity and sense of place in the Buckhead business district in Atlanta.
Recently, the Atlanta Business Chronicle highlighted the efforts in an featured article titled, "Buckhead planners: Lack of housing options is a big source of traffic."
The article focused on BAG's "findings [that] show that of the nearly 69,000 employees in the Buckhead core, including areas around its two MARTA stations, more than 18,000 employees can only afford apartments that cost $1,000 or less per month. Most of those 18,000 employees work in retail, restaurants or hotels, the service industries that support the luxury brands and lifestyle Buckhead is known for."
"That’s according to a new study from Bleakly Advisory Group, which tracked Buckhead demographics as part of a larger master plan that’s attempting to break away from the area’s suburban past to become a more walkable, connected neighborhood," the article stated.
“There is an imbalance," Bleakly Advisory Group president Geoff Koski was quoted in the article. “The area lacks enough workforce housing. And, we have to realize we need a greater diversity of housing options because the workforce itself is diverse.”
Bleakly Advisory Group is the Atlanta area's primary source for answers to land use questions at the intersection of real estate development and public policy. Each year BAG completes nearly 50 assignments, such as the Buckhead LCI update, in which clients rely on the firm's unrivaled experience in community development analytics.
Whether you are a private sector real estate development or investment firm seeking to maximize profits by better understanding your market opportunities, or a public sector leader seeking answers to difficult redevelopment issues, call Bleakly Advisory Group (404.845.3550) to find out how we can assist you.