ATLANTA | Development Thread V

[Midtown_DD]

Originally Posted by Sketching

Some good news as far as new projects:

Ga Tech is planning a 17 story tower at 930 Spring Street and 8th for student housing.

And now we know what will be built at the corner of 7th and Peachtree Street.. 8 stories of residential and the Starbucks will be torn down.

Source: http://midtown.patch.com/articles/17-story-high-rise-planned-for-spring-street

It wasn't very clear if this is a GT sponsored project, or just a private developer producing a student-focused housing project, similar to what's going on with GSU downtown now.

The company in question (Eberly & Associates) already has student focused housing/apartments in West Midtown (like Metro Pointe Lofts). Most of these properties have a really high ratio of parking to bedrooms...1:1 or greater in many cases. I'm curious to see their proposed design for that property.

[micropundit]

The Loudermilk Companies LLC has acquired a franchise for the Hilton Garden Inns flag to build a hotel on the property adjacent to the Buckhead Theatre, with the development process possibly beginning in six months, according to President and CEO Robert C. “Robin” Loudermilk.Loudermilk said his company has secured the Hilton Garden Inn “flag essentially for all of Buckhead,” although the franchise is site specific for that location next to the Buckhead Theatre. He said he would hope to have the hotel developed in one and a half to two years. He said he has been working on obtaining a hotel franchise for that site for well over a year now. “At the end of the day, it is what was available and what you can get financed” that guided the decision on what the hotel would be.
http://www.buckheadview.com/2013/02/loudermilk-companies-secures-hilton.html

[jpk1292000]

...and I love it!

[forj]

Originally Posted by micropundit

The Loudermilk Companies LLC has acquired a franchise for the Hilton Garden Inns flag to build a hotel on the property adjacent to the Buckhead Theatre, with the development process possibly beginning in six months, according to President and CEO Robert C. “Robin” Loudermilk.Loudermilk said his company has secured the Hilton Garden Inn “flag essentially for all of Buckhead,” although the franchise is site specific for that location next to the Buckhead Theatre. He said he would hope to have the hotel developed in one and a half to two years. He said he has been working on obtaining a hotel franchise for that site for well over a year now. “At the end of the day, it is what was available and what you can get financed” that guided the decision on what the hotel would be.
http://www.buckheadview.com/2013/02/loudermilk-companies-secures-hilton.html

I am cool with that - cant wait for this area of buckhead to be revitalized again - are there visions/plans for the street car to run all the way up here eventually? Because it should. Maybe in like 30 years lol

[SwimAtl]

Originally Posted by forj

I am cool with that - cant wait for this area of buckhead to be revitalized again - are there visions/plans for the street car to run all the way up here eventually? Because it should. Maybe in like 30 years lol

The original plans noted the streetcar running to Buckhead. The community, however, is very opposed to it so it's unlikely in the near future.

[AtlantaMustang]

Originally Posted by Sketching

Some good news as far as new projects:

Ga Tech is planning a 17 story tower at 930 Spring Street and 8th for student housing.

And now we know what will be built at the corner of 7th and Peachtree Street.. 8 stories of residential and the Starbucks will be torn down.

More on these two and the remake of viewpoints street facade: http://midtown.patch.com/articles/prelim...roposals-on-peachtree-and-spring-streets

Preliminary renders of the student housing:

[clexmond]

Originally Posted by AtlantaMustang

More on these two and the remake of viewpoints street facade: http://midtown.patch.com/articles/prelim...roposals-on-peachtree-and-spring-streets

Check out the video at 0:28 (http://midtown.patch.com/articles/prelim...chtree-and-spring-streets#video-13352980). The board on the left is definitely a view of the south side of Viewpoint from 6th Street. Does it show the section between the Sprint store and 100 6th Street as being built out?

[clexmond]

Also, without trying to create / spread rumors, the treatment shown in that video on the corner of 6th/Peachtree really looks like preparation for an Apple store.

[ChrisInmanPark]

Downtown Streetcar tracks will finally begin being laid this week. I can't wait to ride it!

http://www.atlantadowntown.com/initiatives/atlanta-streetcar/streetcar-utility-relocation

[Orlando]

I'm just a lurker of the Atlanta development threads, but did they get rid of that strip club on Spring Street adjacent to Tech Square? I hope they did. It wouldn't seem appropriate to place all that student housing next to a big strip club like that.

[clexmond]

Originally Posted by Orlando

I'm just a lurker of the Atlanta development threads, but did they get rid of that strip club on Spring Street adjacent to Tech Square? I hope they did. It wouldn't seem appropriate to place all that student housing next to a big strip club like that.

Nope, the Cheetah is still there on the east side of Spring Street one block south of this proposal.

[shivtim]

Why is it inappropriate to have student housing next to a strip club? I live across the street from the Cheetah, and they're actually a very good neighbor. The only problem is the surface parking and lack of street interaction.

[ChrisInmanPark]

Great news for development around MARTA stations! Anyone have a subscription to read the rest of the article?
http://www.bizjournals.com/atlanta/print...arta-aiming-for-five-active-transit.html

[Artemis]

Originally Posted by clexmond

Also, without trying to create / spread rumors, the treatment shown in that video on the corner of 6th/Peachtree really looks like preparation for an Apple store.

I heard from a reliable source who works at Viewpoint management that Apple submitted an application for lease. I think it's more than a rumor. It would be great to have Apple as an anchor in Viewpoint retail.

[Nanosolar]

Originally Posted by shivtim

Why is it inappropriate to have student housing next to a strip club? I live across the street from the Cheetah, and they're actually a very good neighbor. The only problem is the surface parking and lack of street interaction.

I could go for some Cheetah Street interaction

[clexmond]

Originally Posted by Artemis

I heard from a reliable source who works at Viewpoint management that Apple submitted an application for lease. I think it's more than a rumor. It would be great to have Apple as an anchor in Viewpoint retail.

I have the feeling an Apple store would immediately drive a significant amount of retail traffic to the area. I think we would see leases getting snapped up very quickly and maybe even some development pressure on the southern half of Midtown.

[Immovable_Media]

Originally Posted by ChrisInmanPark

Great news for development around MARTA stations! Anyone have a subscription to read the rest of the article?
http://www.bizjournals.com/atlanta/print...arta-aiming-for-five-active-transit.html

Taken from The Atlanta Business Chronicle Feb. 8th 2013:

"MARTA has narrowed its list of transit stations that are best positioned for new development to five.

The initial list includes MARTA-owned land around the Brookhaven station on Peachtree Road, just north of Buckhead; King Memorial station off Decatur Street/DeKalb Avenue on the eastern edge of downtown Atlanta; Avondale station east of the city of Decatur; Hamilton E. Holmes station, the western terminus of the transit authority’s east-west line; and Lindbergh station, where some of the most ambitious transit-oriented development ideas have already been tried.

MARTA is also eyeing other stations for redevelopment, but the five on the newest list represent the most likely to become “active projects” in two years. Active projects mean the authority would have identified and seen a significant level of progress on the sites in that period. Last year, MARTA once again began looking at how it could redevelop land around its stations and have the projects serve as potential magnets for new mixed-use developments that could generate millions in additional revenue for the financially strapped authority.

Such projects could draw corporations considering whether to relocate their employees closer to transit.

That trend has started to play out for companies such as State Farm. It has begun consolidating operations along the Perimeter near MARTA stations.
MARTA’s large, bureaucratic system has always fueled doubts among potential developers that it would be easy to work with the transit authority, real estate executives said. MARTA officials have heard that criticism and said the authority is looking for partnerships with developers, rather than aiming to take the lead role in the projects.

New apartments, retail and other development on MARTA-owned land around the transit stations is likely to create complex zoning issues and community concerns.

So, MARTA officials are planning to present initial ideas to Atlanta developers as early as March. Requests for qualifications could go out to Atlanta developers this summer."

[Immovable_Media]

Taken from The Atlanta Business Chronicle Feb. 8th 2013:

DANTE’s deal in limbo
A deal for a new Buckhead apartment tower on the site of Dante’s Down the Hatch may not be dead yet.

In December, Atlantic Realty Partners said it had the high-profile site on Peachtree under contract and planned to develop a 10-story tower with up to 219 units.

That would eventually mean the end for Dante’s, a 40-year-old Buckhead restaurant known for its fondue and crocodiles. If a deal was reached, the restaurant would have to close March 31. Recently, local media reported owner Dante Stephensen said the sale was on hold.

Atlantic Realty founder Richard Aaronson said the deal hasn’t closed because permitting issues arose at the last minute.

Aaronson also said negotiations haven’t stopped.

“We are actively negotiating an extension of our agreement, and all indications are that those negotiations will be completed in the coming days,” he said.
Aaronson added he wasn’t aware of other potential buyers that might be interested in the site, and he also suggested Stephensen may not be ready to leave the business.

“Since we first began conversations with Dante he has struggled with making a decision to retire from his restaurant,” Aaronson said.
Few could blame Stephensen if he wants to hang on. He is locally famous, having recently been inducted into the Atlanta Convention & Visitors Bureau Hospitality Hall of Fame. Dante’s is also seeing business pick up.

“We have been overwhelmed with the love from our customer base,” he said. “[I] did not realize how much this place means to so many Atlantans. Our sales in December topped all other Decembers in our 43 years. Same in January.”

Last year, Atlanta Business Chronicle wrote Stephensen faced closing the restaurant because he could no longer justify paying the high property taxes.
The nearly 2-acre tract on Peachtree now stands amid some of city’s tallest office and hotel towers.

The Fulton County Board of Equalization had said the land is valued at $5.5 million. Stephensen countered it was worth at least $2 million less.
Stephensen said he’s not sure what’s next for the restaurant, or for negotiations to sell the site, but he still appears open to the idea.
“Some other buyers have popped up,” he said. “We have never turned our head away from any legitimate buyer.”

[joecool]

A few questions if anyone knows...

-When is the tech student housing tower to break ground?
-What's the status of the Krum and Foster building (did I get the name right?)
-When are they going to break ground on the tower going in the place of the Starbucks on 6th street?

[simms3_redux]

In looking at the video interview of Loudermilk, Jr with the rendering of the 8-floor midrise in the background...the midrise is shorter than Viewpoint's garage!!

If there is any proof as to how fucking ridiculous parking requirements are in Atlanta, that rendering is it. I just threw together a use map of that block. The vast land area of the block is taken up by parking structures. Very small portion actually taken up by "buildings", and retail just thrown in for good measure. See below the best cast scenario for development/use on that block if the midrise goes up. Blue=block. Yellow=retail. Red=garage. Green lines outline the buildings essentially. If blue is showing, that's potentially dead space, as on 6th St.