{"id":1004648246,"date":"2023-02-27T12:03:00","date_gmt":"2023-02-27T20:03:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004648246"},"modified":"2023-02-27T21:52:56","modified_gmt":"2023-02-28T05:52:56","slug":"selig-to-reposition-atlanta-retail-center-in-buckhead","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/","title":{"rendered":"Selig to Reposition Atlanta Retail Center in Buckhead"},"content":{"rendered":"
\"The<\/a>

The Block at Phipps. Image courtesy of Selig Enterprises<\/p><\/div>\n

Selig Enterprises<\/strong> has announced plans for the rebranding and reimagining of Lenox Marketplace, an approximately 450,000-square-foot retail center in Atlanta\u2019s tony Buckhead neighborhood. The property, now donned The Block at Phipps, will undergo a series of capital improvements conceived to transform the asset into a dynamic, pedestrian-friendly locale.<\/p>\n

Sited on just over 9 acres in a premier spot along Peachtree Road in one of the most well-traveled retail corridors in the Southeast region, the former Lenox Marketplace first opened its doors in 1999. The multi-level property, which spans a full city block, has since been a favorite and today boasts a strong lineup that includes such anchors as a Publix supermarket. Of the approximately 430,000 square feet of leasable space, only 37,500 square feet is currently untenanted, according to CommercialCafe.com<\/p>\n

New incarnation<\/h2>\n

Selig\u2019s concept for The Block will include the execution of a merchandising plan, but that is just for starters. The company has tapped design\/build firm ASD\/SKY<\/strong> to provide architecture and environmental design services that will support the transformation of Lenox Marketplace into The Block.<\/p>\n

ASD\/SKY, tasked with creating a walkable and vibrant destination<\/a>, has developed a concept that will involve the addition of a 30-foot, open-air corridor linking the parking deck to the sidewalk. The passage, designed to resemble a European alleyway, will feature seating areas and landscaping. The re-envisioning endeavor also calls for subjecting the property\u2019s fa\u00e7ade and sidewalks to upgrades that will yield a community-friendly area with landscaping and programming.<\/p>\n

\n

READ ALSO<\/strong>: Walkability\u2019s Continued Impact on CBDs<\/a><\/p>\n

\n

Selig\u2019s announcement of its vision for The Block came just two years after the company and joint venture partner State Teachers Retirement System of Ohio<\/strong> acquired the retail property from EDENS in a transaction valued at approximately $73.9 million. At the time of the acquisition, Steve Selig, chairman & CEO of Selig Enterprises, remarked in a prepared statement that the company welcomed the opportunity to enhance this asset in order to attract the right tenants that best serve this community.<\/p>\n

Retail sizzles in Atlanta<\/h2>\n

Selig\u2019s plans for The Block are timely, as the Greater Atlanta area\u2019s retail sector is performing very well and the numbers tell the story. Metropolitan Atlanta logged record-high positive net absorption totaling nearly 2.8 million square feet in 2022, according to a fourth quarter 2022 report by Cushman & Wakefield<\/strong>, and experienced its lowest-ever vacancy rate, at just 3.5 percent.<\/p>\n

Retail real estate in Buckhead is seeing even greater success than that of the overall Atlanta market. Buckhead closed 2022 with a retail vacancy of just 1.8 percent, according to the Cushman & Wakefield report, the lowest vacancy rate recorded among the metro\u2019s 12 submarkets. The repositioning of retail<\/a> couldn\u2019t come at a better time.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company will give new life to Lenox Marketplace, renaming the property The Block at Phipps.<\/p>\n","protected":false},"author":969,"featured_media":1004648256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21742,21749],"tags":[32799,43544],"class_list":["post-1004648246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-latest","category-retail","tag-cushman-wakefield","tag-selig"],"acf":[],"yoast_head":"\nSelig to Reposition Atlanta Retail Center in Buckhead - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Selig Enterprises plans the rebranding and reimagining of Lenox Marketplace in Atlanta\u2019s Buckhead neighborhood into The Block at Phipps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Selig to Reposition Atlanta Retail Center in Buckhead\" \/>\n<meta property=\"og:description\" content=\"Selig Enterprises plans the rebranding and reimagining of Lenox Marketplace in Atlanta\u2019s Buckhead neighborhood into The Block at Phipps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T20:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T05:52:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"451\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Selig to Reposition Atlanta Retail Center in Buckhead\",\"datePublished\":\"2023-02-27T20:03:00+00:00\",\"dateModified\":\"2023-02-28T05:52:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/\"},\"wordCount\":476,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/The-Block-at-PHipps-Atlanta-featured.jpg\",\"keywords\":[\"Cushman & Wakefield\",\"Selig\"],\"articleSection\":[\"Atlanta\",\"Development\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/\",\"name\":\"Selig to Reposition Atlanta Retail Center in Buckhead - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/The-Block-at-PHipps-Atlanta-featured.jpg\",\"datePublished\":\"2023-02-27T20:03:00+00:00\",\"dateModified\":\"2023-02-28T05:52:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"description\":\"Selig Enterprises plans the rebranding and reimagining of Lenox Marketplace in Atlanta\u2019s Buckhead neighborhood into The Block at Phipps.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/The-Block-at-PHipps-Atlanta-featured.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/The-Block-at-PHipps-Atlanta-featured.jpg\",\"width\":451,\"height\":338,\"caption\":\"The Block at Phipps. Image courtesy of Selig Enterprises\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/selig-to-reposition-atlanta-retail-center-in-buckhead\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Selig to Reposition Atlanta Retail Center in Buckhead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Selig to Reposition Atlanta Retail Center in Buckhead - Commercial Property Executive","description":"Selig Enterprises plans the rebranding and reimagining of Lenox Marketplace in Atlanta\u2019s Buckhead neighborhood into The Block at Phipps.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/","og_locale":"en_US","og_type":"article","og_title":"Selig to Reposition Atlanta Retail Center in Buckhead","og_description":"Selig Enterprises plans the rebranding and reimagining of Lenox Marketplace in Atlanta\u2019s Buckhead neighborhood into The Block at Phipps.","og_url":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-02-27T20:03:00+00:00","article_modified_time":"2023-02-28T05:52:56+00:00","og_image":[{"width":451,"height":338,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Selig to Reposition Atlanta Retail Center in Buckhead","datePublished":"2023-02-27T20:03:00+00:00","dateModified":"2023-02-28T05:52:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/"},"wordCount":476,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg","keywords":["Cushman & Wakefield","Selig"],"articleSection":["Atlanta","Development","News","Retail"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/","url":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/","name":"Selig to Reposition Atlanta Retail Center in Buckhead - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg","datePublished":"2023-02-27T20:03:00+00:00","dateModified":"2023-02-28T05:52:56+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"description":"Selig Enterprises plans the rebranding and reimagining of Lenox Marketplace in Atlanta\u2019s Buckhead neighborhood into The Block at Phipps.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg","width":451,"height":338,"caption":"The Block at Phipps. Image courtesy of Selig Enterprises"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/selig-to-reposition-atlanta-retail-center-in-buckhead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Selig to Reposition Atlanta Retail Center in Buckhead"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/The-Block-at-PHipps-Atlanta-featured.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004648246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004648246"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004648246\/revisions"}],"predecessor-version":[{"id":1004648279,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004648246\/revisions\/1004648279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004648256"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004648246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004648246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004648246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}