Atlanta Project Thread IV - Page 222

montydawg · #**4421** Posted **Jan 9, 2020, 2:09 AM**

Quote:

Originally Posted by atlHawks

Land swap with The Cheetah.

Might make a great funeral home

Atlriser · #**4422** Posted **Jan 9, 2020, 3:34 AM**

Sweet dance club with different music in the areas.

Street Advocate · #**4423** Posted **Jan 9, 2020, 4:39 PM**

Quote:

Originally Posted by Martinman

I was wondering what can this building be re-purposed for? The only think I can think of is some kind of new museum or art gallery.

Something like DC’s jazz in the garden I’m sure would be a hit here (or elsewhere in Atlanta). Occurs every Friday evening from mid-May through August, weather permitting. Come for free music and dance, pay for drinks and food.

That said, I expect this place to be a restaurant and rentable space for weddings and corporate events.

smArTaLlone · #**4424** Posted **Jan 9, 2020, 9:10 PM**

https://www.bisnow.com/atlanta/news/...atlanta-102452

Quote:

Legacy Ventures is in the works on the second phase of its Park Pavilion mixed-use project at Centennial Olympic Park. The first phase, delivered in 2008, already includes a 242-room Hilton Garden Inn as well as 50K SF of retail and an attached parking deck. Now, the developer plans to develop a $65M, 150-room luxury hotel — called Ventanas — atop the parking deck, Legacy President David Marvin said during Bisnow's Atlanta Construction & Development event Thursday morning.

The hotel — to be named after Legacy's 10K SF rooftop events facility at the Hilton Garden Inn — could break ground as soon as the first quarter of 2021, Marvin told Bisnow. Ventanas will be owned and operated by Legacy Ventures, he said.

ATLmangum · #**4425** Posted **Jan 10, 2020, 12:21 AM**

Quote:

Originally Posted by smArTaLlone

https://www.bisnow.com/atlanta/news/...atlanta-102452

Love this! The more hotels in this area the better!

smArTaLlone · #**4426** Posted **Jan 10, 2020, 11:43 AM**

https://www.bizjournals.com/atlanta/...ets-a-new.html

Quote:

About 18 acres along the new Westside Beltline Connector is now under the control of a Dallas based real estate giant.

Lincoln Property Co. bought a collection of sites along Donald Lee Hollowell Parkway near its intersection with Northside Drive, paying about $38 million, according to Fulton County real estate records.

A partnership including Atlanta developer Brock Built LLC, Defoor Ventures and 60 West Funds sold the properties. On Thursday, a Lincoln Property executive said the company was unable to comment immediately on the next steps.

The existing plan for the site.

smArTaLlone · #**4427** Posted **Jan 10, 2020, 5:04 PM**

https://www.theshoppingcentergroup.c...d=640679-lease

Quote:

Modera Centennial Park is an impressive modern mixed-use project in the heart of the downtown tourism district. 330 residential units and 190 room hotel are planned to anchor approximately 20,000 sf of ground floor and 2nd level retail.

smArTaLlone · #**4428** Posted **Jan 10, 2020, 5:11 PM**

Here's the site which was once proposed as an office building. I'd be very excited to see this move forward as residential.

DNR · #**4429** Posted **Jan 10, 2020, 5:36 PM**

Do we know what this Modera Centennial Park building looks like? I don't remember seeing any renderings.

atlHawks · #**4430** Posted **Jan 10, 2020, 6:11 PM**

Quote:

Originally Posted by smArTaLlone

https://www.bizjournals.com/atlanta/...ets-a-new.html

The existing plan for the site.

Wow, this is big news. They have deep pockets.

smArTaLlone · #**4431** Posted **Jan 10, 2020, 6:22 PM**

Quote:

Originally Posted by DNR

Do we know what this Modera Centennial Park building looks like? I don't remember seeing any renderings.

No we have not. This was previously the "Time Square South" development.

ATLmangum · #**4432** Posted **Jan 10, 2020, 6:37 PM**

Quote:

Originally Posted by DNR

Do we know what this Modera Centennial Park building looks like? I don't remember seeing any renderings.

I’m guessing 12 to 15 stories

Sura · #**4433** Posted **Jan 10, 2020, 6:39 PM**

Quote:

Originally Posted by smArTaLlone

No we have not. This was previously the "Time Square South" development.

This rendering was one of the first I saw when getting into development. It's a shame it never happened, but I trust Modera.

smArTaLlone · #**4434** Posted **Jan 10, 2020, 6:40 PM**

Quote:

Originally Posted by ATLmangum

I’m guessing 12 to 15 stories

With 330 residential units on a site that small, it will probably be closer to double that estimate. I'm not sure if the hotel they mention is an additional hotel or the Ventenna's proposal across the street.

ATLmangum · #**4435** Posted **Jan 10, 2020, 7:46 PM**

Quote:

Originally Posted by smArTaLlone

With 330 residential units on a site that small, it will probably be closer to double that estimate. I'm not sure if the hotel they mention is an additional hotel or the Ventenna's proposal across the street.

Ventennas will be by Legacy Partners I believe, who built the HGI and the attached parking deck it will sit on top of. So this will be a completely different hotel.

Street Advocate · #**4436** Posted **Jan 10, 2020, 7:48 PM**

Quote:

Originally Posted by smArTaLlone

With 330 residential units on a site that small, it will probably be closer to double that estimate. I'm not sure if the hotel they mention is an additional hotel or the Ventenna's proposal across the street.

The hotel lobby in the site plan is different than Ventenna’s across the street, for sure. Looks to be separate from the hotel just south of the Modera site, too.

smArTaLlone · #**4437** Posted **Jan 10, 2020, 8:04 PM**

Quote:

Originally Posted by ATLmangum

Ventennas will be by Legacy Partners I believe, who built the HGI and the attached parking deck it will sit on top of. So this will be a completely different hotel.

Right. I am assuming the Legacy Ventures is still a partner in this development, considering that they own the Embassy Suites, with Mill Creek handling the residential.
But Street advocate is right. There is a new hotel lobby in the site plan.

Atlriser · #**4438** Posted **Jan 10, 2020, 8:35 PM**

This is great news! Looks like downtown is about to catch fire if the economy keeps humming along.

Martinman · #**4439** Posted **Jan 10, 2020, 9:57 PM**

Woah This looks GREAT! I think in the long run, residential is a much better use at that location than office space. Very exciting development!

I'll go ahead and call it. Downtown will be the "Midtown" of the 2020's in terms of wave after wave of development activity.

jayden · #**4440** Posted **Jan 11, 2020, 2:20 PM**

Quote:

Originally Posted by Martinman

Woah This looks GREAT! I think in the long run, residential is a much better use at that location than office space. Very exciting development!

I'll go ahead and call it. Downtown will be the "Midtown" of the 2020's in terms of wave after wave of development activity.

That's assuming Midtown slows down.