Opus Place | 53 floors - Page 20

BlueSangha · #**381** Posted **Mar 8, 2019, 1:55 PM**

Quote:

Originally Posted by Martinman

Again, I have no idea if this ever gets built but a project of this scale taking 4 or more years to break ground is hardly unusual.

https://atlanta.curbed.com/2014/11/5...-tower-place-1

This project is funded and ready to go by the end of the year. Both buildings will be built concurrently. 2022 is the finish date. https://atlanta.curbed.com/2019/3/5/...sion-sovereign

Martinman · #**382** Posted **Mar 8, 2019, 2:05 PM**

Quote:

Originally Posted by BlueSangha

This project is funded and ready to go by the end of the year. Both buildings will be built concurrently. 2022 is the finish date. https://atlanta.curbed.com/2019/3/5/...sion-sovereign

The point is that ithis project has been around since 2014 (at least)
Edit: It was presented to the Buckhead DRC in October 2014.

Atlriser · #**383** Posted **Mar 8, 2019, 2:37 PM**

Quote:

Originally Posted by Martinman

Again, I have no idea if this ever gets built but a project of this scale taking 4 or more years to break ground is hardly unusual.

https://atlanta.curbed.com/2014/11/5...-tower-place-1

Your comparison isn’t accurate. The 2nd tower at Sovereign was always planned as a future long term plan. Now, they have announced and anticipate ground breaking in under a year. It was announced when the first tower was developed that a 2nd phase was planned. In 2014, they said they were presenting but not ready to break ground at that time. They just wanted to be ready and have formal approvals in place to move fast when they announced construction.

Opus announced 5 years ago (AJC article and renders 2/2014) with plans to start construction By the end of that year. They can’t even get the first tower out of the ground and continue to change their product every 6 months it seems. First it had a hotel. Then, it was just condos and shortened. The third iteration was to redo the unit sizes to reflect market demand. Last time about 6 months ago, they added office space to ½ the building. They just keep changing and grasping at straws it seem to keep the building in the news. The office component might be enough to get it started, but even with that they seem to have no momentum at this point. We have already seen several condo towers attempting similar price points be cancelled in Buckhead, so this just doesn’t seem feasible this late in a development cycle with such trouble already.

ThrashATL · #**384** Posted **Mar 8, 2019, 3:25 PM**

Well, the Atlanta Symphony is back on with wanting a new hall. Move over Opus, Atlanta Symphony Center by Santiago Calatrava is back on!

Libertarian · #**385** Posted **Mar 8, 2019, 3:34 PM**

Thought I heard they were planning a move to Cobb?
(just kidding guys)

montydawg · #**386** Posted **Mar 8, 2019, 3:49 PM**

Quote:

Originally Posted by Libertarian

Thought I heard they were planning a move to Cobb?
(just kidding guys)

Haha, I don't want to ready 20 responses to that in this thread over the next 3 days, with many being deleted by the moderator!

Martinman · #**387** Posted **Mar 8, 2019, 4:37 PM**

Quote:

Originally Posted by Atlriser

Your comparison isn’t accurate. The 2nd tower at Sovereign was always planned as a future long term plan. Now, they have announced and anticipate ground breaking in under a year. It was announced when the first tower was developed that a 2nd phase was planned. In 2014, they said they were presenting but not ready to break ground at that time. They just wanted to be ready and have formal approvals in place to move fast when they announced construction.

Opus announced 5 years ago (AJC article and renders 2/2014) with plans to start construction By the end of that year. They can’t even get the first tower out of the ground and continue to change their product every 6 months it seems. First it had a hotel. Then, it was just condos and shortened. The third iteration was to redo the unit sizes to reflect market demand. Last time about 6 months ago, they added office space to ½ the building. They just keep changing and grasping at straws it seem to keep the building in the news. The office component might be enough to get it started, but even with that they seem to have no momentum at this point. We have already seen several condo towers attempting similar price points be cancelled in Buckhead, so this just doesn’t seem feasible this late in a development cycle with such trouble already.

It's a completely accurate comparison. The first tower was completed in 2008 and no developer is ready to break ground at the DRC stage.

This specific plan was presented to the Buckhead DRC in October of 2014. Developers do not take this step with the expectation of some day down the road completing the project. If they could have started by now, they would have. The stuff about "announcing" is just semantics.

jpk1292000 · #**388** Posted **Mar 9, 2019, 1:47 AM**

Chris Bender posted this on Twitter

https://youtu.be/xxxh8lHTA3g

Atlriser · #**389** Posted **Mar 9, 2019, 2:25 AM**

I hope so

atlwarrior · #**390** Posted **Mar 9, 2019, 3:25 AM**

Quote:

Originally Posted by jpk1292000

Chris Bender posted this on Twitter

https://youtu.be/xxxh8lHTA3g

Why shoukd we believe the banned Chris Bender who failed in his Amazon prediction?

jpk1292000 · #**391** Posted **Mar 9, 2019, 4:18 AM**

Quote:

Originally Posted by atlwarrior

Why shoukd we believe the banned Chris Bender who failed in his Amazon prediction?

Because the video, which is produced by Berkshire Hathaway - the agent for the project - says they have presold 40%. Watch the video. It’s at the end where they mention it.

cabasse · #**392** Posted **Mar 9, 2019, 5:49 AM**

Quote:

Originally Posted by jpk1292000

Chris Bender posted this on Twitter

https://youtu.be/xxxh8lHTA3g

i bet this actually happens - they're playing the long game. been long enough, damnit

atlwarrior · #**393** Posted **Mar 9, 2019, 6:48 AM**

Quote:

Originally Posted by jpk1292000

Because the video, which is produced by Berkshire Hathaway - the agent for the project - says they have presold 40%. Watch the video. It’s at the end where they mention it.

Well I feel sorry for those depending on a move in date...since they started selling months ago. Pre sales means nothing without the product.

megalopolis · #**394** Posted **Mar 9, 2019, 1:31 PM**

Quote:

Originally Posted by jpk1292000

Chris Bender posted this on Twitter

https://youtu.be/xxxh8lHTA3g

Wasn't he the one ranting about the developer not being legit?

arjay57 · #**395** Posted **Mar 9, 2019, 3:14 PM**

Wow! Both the Sovereign and Opus towers will be fantastic additions to the city's skyline!

Keep 'em coming.

jayden · #**396** Posted **Mar 9, 2019, 4:49 PM**

It'll obviously be built. The question is when.

jpk1292000 · #**397** Posted **Mar 9, 2019, 5:12 PM**

It'll break ground this year.

jct3 · #**398** Posted **Apr 16, 2019, 3:50 PM**

has there been anything new? It's been a couple of months since I walked by, but there was still nothing going on & no equipment.

I think in the end Dewberry buys it & sits on it until the next big development cycle after the next recession...

megalopolis · #**399** Posted **Apr 16, 2019, 4:33 PM**

Last we heard was a May or June start date.

dpoulos27 · #**400** Posted **Apr 17, 2019, 3:17 PM**

I've taken a sceptical stance on this, mostly because nothing has happened and keeps me from being disappointed.

I think this one is a "see it to believe it" scenario, but there's always hope!