ATLANTA | Development Thread V

[Tuckerman]

Originally Posted by smArTaLlone

Although it may not be visible I assume they are doing work on the site.
As mentioned in that article, they are in "preconstruction" - modifying the existing structures to suit the new design of the project. Vertical construction will start later.

OK I will stifle my impatience. One has a feeling that construction is now picking up again in ATL and I think that the Buckhead ATL site is emblematic for the whole city- when it picks up a new energy will be added.

[boomtown]

I don't think anyone has posted this......good news on absorption.

http://www.bizjournals.com/atlanta/real_talk/2012/05/atlanta-vs-other-southeast-cre-markets.html

[ChrisInmanPark]

From a Beltline meeting just the other night, opening for the Eastside trail is now set for July 15!!

[jnihiser]

Just read in the ABC that the shopping center that is planning to include a Publix is possibly going to start this year at the intersections of Moore's Mill, Bolton, and Marietta Blvd.

There is also a multifamily, multi-phase aspect to this project, and the developer, Edens, has experience in the Atlanta market...http://www.edens.com/centers/search/Atlanta-Sandy%20Springs-Marietta,%20GA/CBSA

Their best-known project is Lenox Marketplace (across from Phipps).

Living on this side of town, this is exciting news. It's vaguely urban/suburban in nature, and will serve many of the new residents that have recently moved into Hills Park, and Dupont Commons.

[mulasewicz]

$11.8 Million Renovation to The Bill Moore Tennis center on 10th Street, across from the New Mcamish Pavilion at Georgia Tech. Walked by yesterday and demolition has started.

http://nique.net/news/2010/11/12/tennis-center-demolition-approved/?wpmp_switcher=desktop

[AtlantaMustang]

Midtown construction update posted Desertpunk at SSC from Curbed:

http://atlanta.curbed.com/archives/2012/05/16/a-grand-ol-midtown-construction-update.php

[RudyJK]

Originally Posted by mulasewicz

$11.8 Million Renovation to The Bill Moore Tennis center on 10th Street, across from the New Mcamish Pavilion at Georgia Tech. Walked by yesterday and demolition has started.

http://nique.net/news/2010/11/12/tennis-center-demolition-approved/?wpmp_switcher=desktop

Good to see that hard economic times have not befallen our institutions of higher learning.

"The Bill Moore Tennis Center is one of the only varsity venues that students have access to. It is not yet known whether the general student populace will have access to the new tennis facility."

I guess they have yet to decide if the riff-raff students whose fees help pay for each million dollar court can swat a few.

"The BOR also approved an item to rename the Bill Moore Tennis Center the Ken Byers Tennis Complex. The new indoor tennis pavilion located within the complex will be named the Bill Moore Indoor Tennis Center."

I wonder how much dough Byers coughed up to get his name in lights.

[micropundit]

The former ESPN Zone in Buckhead could score a new tenant after sitting vacant for more than two years.

Luxury home furnishings retailer Restoration Hardware Inc. Restoration Hardware Inc. is in discussions to lease the three-story building at Peachtree and Pharr roads across from the Buckhead Atlanta project, according to people familiar with the deal.

ESPN Zone, an entertainment restaurant and bar, closed in late 2009 after opting out of its about 34,000-square-foot space in central Buckhead at 3030 Peachtree Road. ESPN had been there for nearly a decade






http://www.bizjournals.com/atlanta/print...-espn-zone-eyed-for-new-restoration.html

[boomtown]

Also in today's ABC, development is coming to the corner of Elizabeth and North Highland - or Elizabeth Highlands as my crowd calls it.

[ATL_J]

Originally Posted by boomtown

Also in today's ABC, development is coming to the corner of Elizabeth and North Highland - or Elizabeth Highlands as my crowd calls it.

Do you have any more information from the article on this? They talk about two development and I would have to register/pay to read the information about the Inman Park development. I'm assuming the development would have to be on the parking lot right here along highland at that corner.

[boomtown]

Apartments eyed in Buckhead, Inman Park

Douglas Sams
Commercial Real Estate Editor- Atlanta Business Chronicle
Two more intown Atlanta apartment projects are in the works, one in Buckhead, the other within Inman Park.

Crescent Resources LLC Crescent Resources LLC Latest from The Business Journals Crescent Resources names chief marketing officerThe Brookdale Group buys downtown Orlando’s SunTrust Center for 1.5MCrescent Resources' Circle South End apartment complex is up for sale Follow this company is considering a more than 300-unit apartment building in what would have been the final phase of Cousins Properties Inc.’s Cousins Properties Inc. Latest from The Business Journals In Zone relocating to Overlook IIIPoag excited ‘to be on offense again’ with million purchase of The AvenueChick-fil-A promotes five of its top executives Follow this company mixed-use Terminus project at Peachtree and Piedmont roads, according to sources familiar with the plans.
The developers have not completed the transaction that would involve a sale of those tracts, and it could be weeks before a deal might get done, sources said.
In an emailed statement to Atlanta Business Chronicle, Crescent said, “We are actively working on two deals in Atlanta to bring our best-in-class apartment communities to the city.”
The Charlotte, N.C.-based developer, whose projects in Buckhead have included Phipps Tower with Manulife Financial Corp., cited rebounding job growth.

“We see renewed demand for new apartment communities in prime locations,” the company said.
“Additionally, the city is appealing because it offers an ideal climate, cost of living and ease of access to transportation.”
Further intown, an Atlanta development group is planning a mixed-use project in the heart of Inman Park that would include new shops, restaurants and up to 186 apartment units.
The project would take shape at North Highland and Elizabeth streets and involve JPX Works LLC, whose founder is Jarel Portman, son of prominent international developer and architect John Portman and a vice president within the Portman Cos.
JPX would also work with South City Partners LLC, which includes Mark Randall, formerly of Atlanta-based Wood Partners, the developer of the former 21-acre Mead Paper Co. site in Inman Park, one of Atlanta’s oldest intown neighborhoods.
South City also includes John Long, who was chief investment officer for Novare Group when it helped reshape the intown Atlanta skyline with several condo towers stretching from Midtown to Buckhead.

Their Inman Park redevelopment reflects the trend of more urban infill projects.

The developers have filed a request with the city of Atlanta to rezone a less than half-acre portion of the nearly 3.3-acre project. It would include an area just southeast of the proposed Atlanta Beltline and might require the redevelopment of buildings along North Highland and Elizabeth that house businesses such as the popular Inman Park improv comedy theater Dad’s Garage.
JPX Works and South City Partners declined to comment until they could engage various Inman Park neighborhood groups and stakeholders. Those meetings could take place immediately.
It would mark the first significant adaptive reuse development for Portman with his own company, which he formed after returning from work with Portman Cos. in China. His work for Portman Cos. includes similar adaptive reuse and urban infill projects.

Randall has already worked on a large Inman Park redevelopment. In 2003, Wood Partners bought the 21-acre former Mead Paper Co. site and eventually redeveloped a section of it that became Mairposa Lofts, part of Inman Park Village.
Underscoring demand for intown apartment projects, Behringer Harvard recently sold Mariposa Lofts for $40 million — 39 percent more than it paid for the property two years ago during the depths of the real estate downturn.

The buyer was Inwood Holdings LLC.
Intown Atlanta is also home to the biggest urban infill project in the city, Ponce City Market.
The redevelopment of the more than 2 million-square-foot former Sears building will include at least 200 residential units.
Many of the intown projects are planned near the Beltline, an ambitious redevelopment in its own right that would take a 22-mile loop of historic railroad and convert it to paths and parks dotted with mixed-use projects and linked by transit.

[ATL_J]

Thanks for sharing boomtown. While its great news that development is continuing and they're adding reasonable density, I hope they work out something with the local businesses such as Dad's Garage and Victory Sandwhich bar to keep them in a similar location!

[trainiac]

Originally Posted by ATL_J

Do you have any more information from the article on this? They talk about two development and I would have to register/pay to read the information about the Inman Park development. I'm assuming the development would have to be on the parking lot right here along highland at that corner.

This one is still in the very early planning stage. There has only been one immediate neighbors meeting, but here are the drawings they presented

http://pwhinson.smugmug.com/Other/Inman-Park/22984273_ngwNhD#!i=1847856939&k=fVjdNkm&lb=1&s=X3

http://pwhinson.smugmug.com/Other/Inman-Park/22984273_ngwNhD#!i=1847857172&k=jk7WLN9&lb=1&s=X3

[ATL_J]

Trainiac,

What was the reaction of the plan by the neighbors at the meeting?

What are you opinions?

[forj]

im not surprised at all that they would try to put somthing like this in that spot - look around - the area has really built up fast with these big apartment/condo complexes with retail at street level in the recent years, and this is really the last spot in that stretch of N. Highland that doesnt have a new development on it.. though i cant say i like the idea of demolishing the existing buildings and potentially relocating those businesses. the side facing N. Highland which is currently a surface lot definitely needs to be developed into street level retail.

i think this may be the most residential dense stretch of the beltline..

[ATL_J]

My biggest gripe would be all the parking. On the large middle deck I counted roughly 84 spots, with floors 0 (basement) through 4 having that same layout. That would mean roughly 420 parking units (84 x 5 levels), not to mention some parking units on top level plus the units shown along North Highland Ave. This seems sort of excessive for a 186 unit apartment complex, so I assume a lot is for the retail, which means they're promoting a lot of driving into the area rather than encouraging walking and other options (such as future transit).

I'd also like to see retail on all the street frontage rather than the units shown along Lake Avenue, but maybe there isn't the demand for that? Dad's Garage and Victory have very unique spaces, so I hope the development isn't some bland building with generic retail spaces, but rather has some character.

[Terminus]

Originally Posted by ATL_J

I'd also like to see retail on all the street frontage rather than the units shown along Lake Avenue, but maybe there isn't the demand for that? Dad's Garage and Victory have very unique spaces, so I hope the development isn't some bland building with generic retail spaces, but rather has some character.

Lake Avenue retail would never fly because there's housing across the street. I think apartments are a good transition in use to the surrounding areas. Besides, urban retail works best when it's concentrated.

[simms3_redux]

Originally Posted by ATL_J

My biggest gripe would be all the parking. On the large middle deck I counted roughly 84 spots, with floors 0 (basement) through 4 having that same layout. That would mean roughly 420 parking units (84 x 5 levels), not to mention some parking units on top level plus the units shown along North Highland Ave. This seems sort of excessive for a 186 unit apartment complex, so I assume a lot is for the retail, which means they're promoting a lot of driving into the area rather than encouraging walking and other options (such as future transit).

I'd also like to see retail on all the street frontage rather than the units shown along Lake Avenue, but maybe there isn't the demand for that? Dad's Garage and Victory have very unique spaces, so I hope the development isn't some bland building with generic retail spaces, but rather has some character.

Good points...that would seem a little much. Virginia Highland can be a little overwhelming with all those who drive in (myself included occasionally), and I would think that these neighborhoods would/could/should transition back into residents' neighborhoods. When the Eastside Trail opens in July, that will really open the neighborhood up to O4W, Poncey-Highlands, and Midtown to bikers. I will definitely be biking over to Inman from Midtown once that happens.

[ATL_J]

Originally Posted by Terminus

Lake Avenue retail would never fly because there's housing across the street. I think apartments are a good transition in use to the surrounding areas. Besides, urban retail works best when it's concentrated.

Maybe I should have said commercial space and not limited my phrasing to just retail, but currently in the exact location I am speaking of is where a business sits and Dad's Garage sits. So retail/commercial space would definitely fly, although I get your point about transition in the surrounding area. Granted, right next to those resident units / where I wish there was commercial space is a park, so there really isn't a transition needed.

Really, I just hope they work with the local businesses that are already there and make that neighborhood unique to create nice (ie. not generic, bland) spaces for them to continue to thrive in.

[delarosa]

Originally Posted by ATL_J

My biggest gripe would be all the parking...

I'd share a similar concern, though wonder if the increased space doesn't at least partially offset some of the existing congestion (assuming some of it as public/pay space). Seems as though, on a busy night, most people around there have driven and those blocks end up being a mess as people are indecisive and erratic as they seek parking, turn in and out of the surface lot right next to the Highland-Elizabeth intersection, and the streets end up a lot more congested. I do cycle there, but imo it's a little hazardous.

Does seem like it will net more cars in the area, but wonder if the facility and some reconfiguration (like say reducing street parking on Elizabeth, removal of the parking at the intersection, etc) wouldn't possibly make it a little less congested. Likely wishful thinking, but...