Young entrepreneur David Cummings purchased Ivy Place, the building at the corner of Piedmont and Lenox roads with “The Private Bank” in big white letters on two sides, and plans to transform it into Atlanta’s own tech village.
He paid $12.5 million for the building in mid-December in a deal that took about two weeks, according to the Atlanta Business Chronicle and the Atlanta Startup Community blog, to which Cummings contributes.
Cummings, who sold Pardot, a marketing automation company he started with a fellow Duke University alumnus in 2007, for $100 million in October, stresses that the tech village will be a community hub for ambitious tech companies and tech startups.
His goal is to establish the Atlanta Tech Village and help catapult Atlanta as one of the country’s top 10 cities for technology. Choosing Buckhead, which is already becoming a