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-   -   ATLANTA | Development Thread VI (https://skyscraperpage.com/forum/showthread.php?t=224553)

GeorgiaPeanuts Aug 31, 2016 12:58 PM

https://www.bisnow.com/atlanta/news/...wn-tower-64647

Quote:

Lennar Multifamily is moving forward with its plans to scale the Midtown skyline with a new apartment tower. The firm has filed permits with the City of Atlanta to begin construction of a 27-story apartment tower across from the Mayfair Renaissance on 13th Street.
http://www.bizjournals.com/atlanta/n...g-for-new.html

Peachtree and Third has secured construction financing, will be lilli Midtown and will have some of the largest rental units in Midtown; average rents at $2700

Quote:

ELV Associates Inc. is the capital partner. Chicago-based NXT Capital provided construction debt. ODA-Architecture is designing the project, which will include about 50 percent more exterior glass than typical urban high-rise units.

The unusual name of the tower was created by Copenhagen-based branding and marketing firm e-Types. The firm said the "vertical structure of the building and balcony movement evokes the name lilli."

Brasfield & Gorrie is the general contractor.

Atlanta commercial real estate veteran Trent Germano is partnering with Jarel Portman and Bruce Fernald, founders of JPX Works, on the development. Germano identified the site in the spring of 2014.

Street Advocate Aug 31, 2016 1:33 PM

Northside Hospital MOB
 
Demo of buildings for Northside's Medical Office Building on West Peachtree filed.

cabasse Aug 31, 2016 3:08 PM

lilli is going to be fantastic. happy to hear that this one has financing and can't wait to see it start to go up.

forj Aug 31, 2016 3:42 PM

Quote:

The unusual name of the tower was created by Copenhagen-based branding and marketing firm e-Types. The firm said the "vertical structure of the building and balcony movement evokes the name lilli"
anyone have some additional insight around the name? i dont quite understand how the structure evokes the name.. is it a Danish thing? are they talking about the actualy shape of the letter-form of the name itself? kinda confused

shivtim Aug 31, 2016 3:43 PM

I'm not sure how long it's been up, but there's fencing on Spring street around the site of "The Standard" just south of Tech Square. Looks like demolition could happen soon.

Street Advocate Aug 31, 2016 3:49 PM

Quote:

Originally Posted by forj (Post 7547520)
anyone have some additional insight around the name? i dont quite understand how the structure evokes the name.. is it a Danish thing? are they talking about the actualy shape of the letter-form of the name itself? kinda confused

Look at the building sideways. it essentially spells lilli. I'm guessing that's exactly it.

DNR Aug 31, 2016 3:58 PM

Amazing Era in Development
 
I was thinking the lilli may end up being condos, but apparently apartments still rule the day for now.

I remember back when I thought Midtown was overbuilding when Sky House North & South Midtown were being built along with 77/12th!
Wow, apparently that was just the “tip of the Iceberg” - I had no idea we would see such an absolute FRENZY of apartment development in Midtown. It will be interesting to see if the Condo market propels the next frenzy and maybe even the speculative office market will see some movement – eventually! Who knows.

I think these last few crazy years of development will be one of those “I remember when…” moments we can tell our kids about.

:tup:

Street Advocate Aug 31, 2016 4:39 PM

Quote:

Originally Posted by GeorgiaPeanuts (Post 7547330)

Really hoping we get some more renderings soon to whet out appetite.

arctk2014 Aug 31, 2016 7:24 PM

Quote:

Originally Posted by DNR (Post 7547543)
I was thinking the lilli may end up being condos, but apparently apartments still rule the day for now.

I remember back when I thought Midtown was overbuilding when Sky House North & South Midtown were being built along with 77/12th!
Wow, apparently that was just the “tip of the Iceberg” - I had no idea we would see such an absolute FRENZY of apartment development in Midtown. It will be interesting to see if the Condo market propels the next frenzy and maybe even the speculative office market will see some movement – eventually! Who knows.

I think these last few crazy years of development will be one of those “I remember when…” moments we can tell our kids about.

:tup:

The apartment sub-market is starting to show more signs of self-regulation (the bubble some cynics claim will burst- even though it already has burst - it's just a slower deflating bubble instead). Novare announced they're cancelling the Cincinnati Skyhouse project due to rising construction costs and lenders tightening on financing terms - aka cheaper multifamily products (a la Skyhouse, etc) aren't going to cut it in this part of the cycle. You'll expect to hear about more higher quality (while still somewhat limited) projects either announcing or some more interesting projects to finally break ground in the coming few months.

http://www.bizjournals.com/atlanta/n...-skyhouse.html

joecool Sep 1, 2016 1:57 AM

I'm confused. Which one is Lilli? Everything seems to get a new rendering and then change names. Lol

Street Advocate Sep 1, 2016 2:06 AM

Quote:

Originally Posted by joecool (Post 7548325)
I'm confused. Which one is Lilli? Everything seems to get a new rendering and then change names. Lol

JPX's Peachtree & 3rd. Or 3rd & Peachtree. Same deal now that it's lilli. From the top down, two "blocks", then lillililli

https://wdanielanderson.files.wordpr...9/untitled.png

alco89 Sep 1, 2016 10:46 AM

Quote:

Originally Posted by Street Advocate (Post 7548334)
From the top down, two "blocks", then lillililli

Interesting....

daharris80 Sep 1, 2016 2:12 PM

Quote:

Originally Posted by alco89 (Post 7548537)
Interesting....

I see iiiiiiiiii

forj Sep 1, 2016 2:32 PM

the name is a bit of a stretch, if they really named it based on the shape of the building.. but yeh whatever they want to call it.. as long as it gets built hah

Street Advocate Sep 1, 2016 2:49 PM

Jarel just said the building evokes the name "lilli", not that the building was designed to look like the word lilli. I find the name to be fitting :tup:

nature's calling Sep 1, 2016 4:20 PM

Mill Creek to start 400-unit Modera by Mill Creek-Buckhead
 
http://www.bizjournals.com/atlanta/n...d-village.html

http://media.bizj.us/view/img/101388...on-highdef.jpg

http://media.bizj.us/view/img/101388...on-highdef.jpg

shivtim Sep 1, 2016 5:42 PM

Couple of interesting recent planning permits.
Two variances were filed for 526 and 542 Boulevard NE for multifamily development.

A couple of permits for 926 Brady, the Stockyards site. One is for a hotel.

2246 Marietta Blvd NW - Commerical development with 4 buildings.

ATLSkyPalaceOwner Sep 1, 2016 6:38 PM

Quote:

Originally Posted by Street Advocate (Post 7547314)
1138 Peachtree (Yoo) filed some permits as well. Transfer of development rights and a temporary sales vendor.

This seems like really big news! I kind of wrote this one off, but now that Yoo on the Park is nearing completion, who knows? I'd love for this one to happen.

arjay57 Sep 1, 2016 9:28 PM

I guess this spells the end for the yellow Promove building.

Nice looking apartments actually.


Martinman Sep 1, 2016 11:01 PM

Quote:

Originally Posted by arctk2014 (Post 7547896)
The apartment sub-market is starting to show more signs of self-regulation (the bubble some cynics claim will burst- even though it already has burst - it's just a slower deflating bubble instead). Novare announced they're cancelling the Cincinnati Skyhouse project due to rising construction costs and lenders tightening on financing terms - aka cheaper multifamily products (a la Skyhouse, etc) aren't going to cut it in this part of the cycle. You'll expect to hear about more higher quality (while still somewhat limited) projects either announcing or some more interesting projects to finally break ground in the coming few months.

http://www.bizjournals.com/atlanta/n...-skyhouse.html

I was just noticing that all of Novare's projects are already topped out and close to being completed. And I was wondering if the seemingly endless run of Skyhouses might finally be winding down. I also think that construction costs have to be a big part of this considering that the original SkyHouse cost just $60 million versus $90 million for the Cincy Skyhouse.


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