Posted Nov 16, 2023, 9:31 PM
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Join Date: Feb 2005
Posts: 8,649
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Another Midtown site foreclosure
https://www.bizjournals.com/atlanta/...oreclosed.html
Quote:
The site for a 17-story project rising over Midtown's historic Winnwood Apartments has gone back to the lender in a foreclosure sale.
Longline Financial bid over $8 million to take back the property covering three-fourths of an acre at 1450 West Peachtree, according to Fulton County property deeds. The site contains "The Thinker" building, so named for its prominent image of Rodin's thinker. The building has served as the headquarters of Mastermind Marketing.
A tower over Winnwood Apartments
Longline was the lender on a $9 million loan that the 17-story project's developer Tenth Street Ventures landed to acquire the site. Both Tenth Street Ventures and Longline did not respond to a request for comment.
In January 2022, Tenth Street Ventures outlined plans to demolish the "Thinker" building and develop a new tower with apartments, short-term rental rooms and coworking space rising 100 feet above Winnwood Apartments. In 2021, the apartments were recognized by the National Register of Historic Places.
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