Went to another meeting today specific to the company leading the redevelopment effort. I don't think anything discussed was confidential and it's not as if I have the renderings on me.
Ok, so Green Street Properties is a local development firm entrenched in New Urbanism that was acquired by Jamestown in 2007. Jamestown is the equity partner in the project, and so logically it has hired Green Street to be the architect and developer.
The actual deal to purchase City Hall East and its main parcel (there are a couple parcels on the lot) will officially close within 30 days. This coincides with the ADA's timetable to start construction on that segment of the Beltline.
On to the plans:
~400,000 SF office (trying to lure one large anchor tenant that needs large floorplates to fit in data centers, like a health care provider, etc)
~350,000 SF of a mix of rentals and condos
~250,000 groundfloor retail (this will have two anchors, a two floor open air promenade with a Chelsea Market type vibe...Green Street owns Chelsea Market, and a mix of local/regional retailers and nationals)
1) The current parking deck will be demolished and parking will instead be reduced in number and fit in the basement and 2nd/3rd floor
2) The ground floor retail will be accessible from the street on all four sides, as well as from inside the building. Each storefront will have its own unique mini-facade/faschia on the first floor or two of the overall building
3) There are 3-4 additional spaces for development of new construction on the site, if the additional parcel is purchased or sold to someone who would hire Green Street as the developer
The timetable is roughly 4th quarter 2013 for the first phase, which is probably going to include the retail, or much of it. This process will not be a quick one, but is quite a needed development. The building minus the ~600,000 SF parking deck is roughly 2,000,000 SF of space. Because the parking will be incorporated into this space, gross leasable area will be reduced by about half.
Oh, and the renderings looked pretty cool, though they were halfway between conceptual and the real product.
Green Street has quite a resume that includes Glenwood Park on the Eastside south of Moreland.
Green Street Properties
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