ATLANTA | Development Thread V

[simms3_redux]

^^^I highly doubt it. Mandarin has their Atlanta presence in Buckhead (and frankly I'm surprised they even considered the market, which is not known for the high end hotel performance that characterizes their other markets).

Anyone with any knowledge of hotels in Atlanta can probably guess who is scouting for potential sites in Midtown - there are key flags and brands within those flags that are missing from Midtown altogether and happen to make sense for the area and happen to be in expansion mode around the country (as most large hotels are).

As a classic example - Hyatt Midtown. Midtown did not have a Hyatt hotel, and for the size market it is, that was pretty unbelievable, so they chose their opportunity as a partner of Noble, which owns the building and redeveloped it (they also did the Hyatt House next to Overton Park, I believe - so there is a relationship there, they probably have some exclusives for development/partnership opportunities with the parent company of Hyatt in certain Atlanta markets).

The former Mandarin proposal was the epitome of a bubble proposal. What was it 50 or 70 stories, Mandarin Oriental hotel beneath a few dozen uber high end condos? Similar Mandarin proposals in much larger Chicago and Dallas were tabled as well.

[Tuckerman]

I agree that a discussion is nothing more than an exchange of views in most of these cases. The Calatrava design went quite a ways beyond that with plans drawn, a gala event held, that we attended with Calatrava and Spano and a thousand or so others. I still have the golden Coke bottle that each of us received at the event. Then the market collapsed and the rest is history. The effort to build a new hall over the plaza or part of the Marta station still seems to be on a slow track and of course the local and state politicos would never support something cultural when they can have a new stadium.

I think we are probably 10 years away from a new Hall- I hope they have better hearing aids by that time. That is, if we still have a symphony.

[micropundit]

Ponce City Market will offer 259 flats, which will come online in 2014. Building amenities include a historic structure with steel windows and on-site food, shopping and entertainment as well as direct access to the Beltline. The chic, repurposed Flats at Ponce City Market occupy a distinctive space amid Atlanta's commercial center, as well as its rich neighborhood life. Original details including steel sash windows, exposed ceilings, architectural columns, and original masonry walls pair beautifully with European-style kitchens, Energy Star appliances and gas cooktops."

According to Jamestown, the residential marketing center will open later this summer, and that's when pre-leasing for the apartments will commence.




http://www.flatsatpcm.com/

[clexmond]

Originally Posted by simms3_redux

^^^I highly doubt it. Mandarin has their Atlanta presence in Buckhead (and frankly I'm surprised they even considered the market, which is not known for the high end hotel performance that characterizes their other markets).

Anyone with any knowledge of hotels in Atlanta can probably guess who is scouting for potential sites in Midtown - there are key flags and brands within those flags that are missing from Midtown altogether and happen to make sense for the area and happen to be in expansion mode around the country (as most large hotels are).

As a classic example - Hyatt Midtown. Midtown did not have a Hyatt hotel, and for the size market it is, that was pretty unbelievable, so they chose their opportunity as a partner of Noble, which owns the building and redeveloped it (they also did the Hyatt House next to Overton Park, I believe - so there is a relationship there, they probably have some exclusives for development/partnership opportunities with the parent company of Hyatt in certain Atlanta markets).

The former Mandarin proposal was the epitome of a bubble proposal. What was it 50 or 70 stories, Mandarin Oriental hotel beneath a few dozen uber high end condos? Similar Mandarin proposals in much larger Chicago and Dallas were tabled as well.

Well you sound as if you have knowledge of hotels in Atlanta. Who's missing? Who do you think is scouting for space?

[simms3_redux]

^^^Hilton *just* entered the market with that dual-branded concept (that has also been replicated around the country with Garden Inn and Homewood Suites).

But even within Hilton Worldwide, the parent, these are the following brands missing from Midtown (and I'll denote if they are missing from Atlanta in general).

- Hilton Hotels and Resorts (I believe there is only one Hilton in all of the CBD markets - Hilton DT, Hilton Buckhead was a proposal)
- DoubleTree by Hilton
- Embassy Suites
- Home2Suites
- Waldorf Astoria (not in Atl, won't be in Atl)
- Conrad Hotels (not in Atl, honestly surprised at this)

From Marriott International, Midtown is missing:

- A full service Marriott
- JW Marriott (the owner of the JW in Buckhead just spent $$ to upgrade, maybe there was an option coming up and talk of moving to Midtown without those upgrades, who knows?)
- Gaylord (not in Atl, I thought there was once talk of them coming to the market)
- Ritz Carlton (sandwiched between DT and Buckhead, unlikely)
- A boutiquey Autograph Collection (likely requires a historic adaptive re-use and flagging by the brand, no options for that in MT)


IHG (American HQ here in Atl)
- Crowne Plaza (the nearest is up on 285 I think)
- Holiday Inn (hey, they just put one in a 70 story building, dual-branded concept in Times Square)
- Intercontinental (there is one in Buckhead)
- Staybridge Suites (they are building an interesting concept in Chicago)

Starwood (they clearly LOVE Atlanta - 4 Ws at one point??)
- Westin (they clearly love Atlanta, but there are prominent Westins in DT and Buckhead)
- Sheraton (the W Midtown was a Sheraton, this is owned by Atl-based Noble, which is doing Hyatt Midtown and clearly knows how to bring successful new hotel concepts to Atlanta's varying markets)
- Four Points by Sheraton
- Luxury Collection (more int'l)
- St. Regis (like the Mandarin, there is already one in Atl, probably one too many!)
- Le Meridien (now one in Perimeter, which used to be the W)
- Aloft (clearly looking at the intown market with their decision to enter Downtown)
- Element by Westin (eco-hotel, new concept, not in Atlanta)


Hyatt Hotels
- Park Hyatt (luxury brand, not in Atlanta)
- Hyatt Regency (but no MT convention center - there is obviously a Regency DT as a CC hotel)
- Hyatt Place
- Hyatt House


And let's not forget Kimpton Hotels, which had Palomar Hotel for a while but couldn't make the Atlanta market work at the time. There are actually sooo many decent sized hotel groups that have no presence in Atlanta or Midtown. LOTS of options here.

[memace]

Originally Posted by simms3_redux

^^^Hilton *just* entered the market with that dual-branded concept (that has also been replicated around the country with Garden Inn and Homewood Suites).

But even within Hilton Worldwide, the parent, these are the following brands missing from Midtown (and I'll denote if they are missing from Atlanta in general).


Hyatt Hotels
- Park Hyatt (luxury brand, not in Atlanta)
- Hyatt Regency (but no MT convention center - there is obviously a Regency DT as a CC hotel)
- Hyatt Place
- Hyatt House


And let's not forget Kimpton Hotels, which had Palomar Hotel for a while but couldn't make the Atlanta market work at the time. There are actually sooo many decent sized hotel groups that have no presence in Atlanta or Midtown. LOTS of options here.

Dont forget about Andaz... I think they are owned by Hyatt... I stayed at an Andaz and think that would definitely fit into Midtown

[delarosa]

Originally Posted by simms3_redux

And let's not forget Kimpton Hotels, which had Palomar Hotel for a while but couldn't make the Atlanta market work at the time.

I'm about 0% expert in hotels, but wonder to what extent that was mostly bad timing and perhaps not the optimal choice in location for them. Because otherwise a Palomar, Monaco or even just a plain ole Kimpton seem like decent fits for midtown (in general).

[themaguffin]

In most cases hotels are franchised, it's not the hotel companies deciding on markets.

IHG (American HQ here in Atl)
- Crowne Plaza (the nearest is up on 285 I think)
- Holiday Inn (hey, they just put one in a 70 story building, dual-branded concept in Times Square)
- Intercontinental (there is one in Buckhead)
- Staybridge Suites (they are building an interesting concept in Chicago)

They have a few Holiday Inns, many more Expresses, there's also an airport Crowne Plaze and a couple Staybridges in the area/

IHG has a Hotel Indigo in Midtown and a new one by the airport (which is an odd place for that brand).

[bigstick]

Are they going to have to raise the crane on this building? 100 6th Street-Atlanta.

http://oxblue.com/open/SkyHouseApartments

[bryantm3]

Originally Posted by bigstick

Are they going to have to raise the crane on this building? 100 6th Street-Atlanta.

http://oxblue.com/open/SkyHouseApartments

they're at the 17th floor, and it's supposed to be 23— i'd say definitely.

[skapunkskatedude]

We now have a crane up at the Proton Therapy Center (wasn't that supposed to be only 2 stories tall?) which is definitely higher than the one next door to it for the new apartments on ponce. Also, by the looks of it there is a second crane going up around the corner of that same lot near Peachtree Street.

[cabasse]

^^

Originally Posted by L.ARCH

Nothing official yet but I just thought you guys would like to know that the proton therapy center development that is currently under construction is undergoing a redesign to include an office tower at the corner of peachtree and north ave. IMO - I always thought the lowrise building that has been presented was ill-suited to hold that corner...

i'd really love to see what it's going to look like when they complete the design.

[whiterabbit]

Hi all I am a newbe here but have watched this forum for a good bit and thought I should post a little.

In terms of hotels you forgot Wyndham . Wyndham are looking to open one or two new properties in Midtown and Downtown. They are actually now the biggest hotel chain in the world (IHG is second). I expect both of them to be their premium brands. One a Wyndham Grand and another their new concept called Dream. At a guess I would say the Dream will be downtown. Whether a new build or brand flip I do not know. This is on top of Wyndhams goal to open a few other HOJO/Wyndam hotels ITP closer to the i285.

[atlantaguy]

Originally Posted by delarosa

I'm about 0% expert in hotels, but wonder to what extent that was mostly bad timing and perhaps not the optimal choice in location for them. Because otherwise a Palomar, Monaco or even just a plain ole Kimpton seem like decent fits for midtown (in general).

Thank you! They actually did quite well, considering that they opened right on the cusp of the recession. Marriott took advantage of some shaky financials at the time, and turned it into a Renaissance. Kimpton will absolutely be returning to this market, it's a perfect fit for them.

[Dettmann1]

Here's a shot in the dark, but maybe its a Radisson Blu. Carlson has a very large push to add more Radisson Blu hotels to the US after opening one in Chicago and Minneapolis.

[ATLaffinity]

Anyone following the proposed sale of the Atlanta International School property to AIS from APS for...$6M?

Is APS selling one of its most valuable assets, site of Atlanta International School?

I'm not a RE expert but 9.2 acres in the middle of Buckhead...for $6M?

I understand APS needs the $ but hard to stomach some private school getting away with highway robbery.

[delarosa]

Originally Posted by ATLaffinity

hard to stomach some private school getting away with highway robbery.

Of course, one of the sides in the story, but hardly seems like highway robbery considering some of these factors...in particular the 30 yr/net profit clause. Seems like a fairly sound deal.


http://www.ajc.com/weblogs/get-schooled/...ernational-school-sale-makes-sense-us-a/

[micropundit]

Pending a signed contract, the Falcons picked the team of Arizona-based Hunt Construction and Atlanta-based Holder Construction to build a planned new $1 billion stadium in Atlanta, according to Atlanta Business Chronicle sister publication Street & Smith’s Sports Business Daily. The decision was made Friday, the publication reported Monday.

“We have not finalized negotiations yet. We expect that to be (this) week,” said Falcons Chief Financial Officer Greg Beadles. Hunt's stadium portfolio includes Busch Stadium, Citi Field, Lucas Oil Stadium, Marlins Park, Nationals Park and University of Phoenix Stadium. The Falcons’ project will be the 15th NFL stadium Hunt has constructed over the past two decades.

In Atlanta, Holder’s projects include the new World of Coca-Cola, The Mansion on Peachtree, Georgia Tech Hotel and Conference Center at Technology Square and Cox Enterprises’ corporate headquarters.




http://www.bizjournals.com/atlanta/news/2013/06/10/report-hunt-construction-holder.html

[Zanarkand A East]

Originally Posted by DetroitMan

What a great loss that the exciting architectural efforts of Calatrava are now lost and we are nowhere near a new symphony hall. Just returned from Montreal where they have built a very interesting, acoustically excellent, architecturally inspiring symphony hall (with an excellent symphony, but no better than than the ASO!). I have no objections to a new hotel and residences, but they are far from what could have been for this location. Atlanta could use some innovative architecture.

Originally Posted by Tuckerman

A few years ago I was talking to someone involved with ASO and Woodruff and it seems like that site had been long abandoned for the symphony. At the time, they were considering building over the Marta Arts Center Station... I have no idea what the status on the project is for now, but at least the development of this lot does not mean that a new symphony plan has no home.

I work in "Symphony Tower," and I hate that this project isn't happening. I was hoping they would build the new symphony hall over Arts Center MARTA Station and find a way to have another opening for the station on 14th Street across from the Four Seasons. Whatever gets built on that site, I just hope they expand that narrow sidewalk and completely hide that Promenade II parking deck.

[bigstick]

Does anyone have any new if they have started construction of the Ferris Wheel yet? Thanks