ATLANTA | Development Thread V - Page 616

Stairstars · #**12301** Posted **Dec 10, 2014, 1:52 PM**

Quote:

Originally Posted by RATBOYKEV

In order to get a FHA loan (Fannie Mae and Freddie Mac backed), a building has to meet certain guidelines. A max of 25% of the building can have non-owner tenants being the major one. Having a building FHA qualified opens it up to a larger buying audience such as young people with no credit history, those wanting to do lower down-payments, etc

What he said.

shivtim · #**12302** Posted **Dec 10, 2014, 2:52 PM**

Watertower Stacks are now officially under construction.

Source

tdawg · #**12303** Posted **Dec 10, 2014, 2:55 PM**

Not crazy about that Alta rendering. I hope the actual tower looks better than that. It almost ruins the fairy-tale castle-like view of Midtown from the park.

GeorgiaPeanuts · #**12304** Posted **Dec 10, 2014, 3:25 PM**

Quote:

Originally Posted by bigstick

Oh no, another Novare cutter......

The two evivas elsewhere are completely different designs. One in Denver looks similar to Cyan on Peachtree

thepope117 · #**12305** Posted **Dec 10, 2014, 3:53 PM**

Quote:

Originally Posted by tdawg

Not crazy about that Alta rendering. I hope the actual tower looks better than that. It almost ruins the fairy-tale castle-like view of Midtown from the park.

If ether of the Yoos and Azure go up that view is going to be radically different anyway.

Frankster87 · #**12306** Posted **Dec 10, 2014, 4:16 PM**

Quote:

Originally Posted by tdawg

Not crazy about that Alta rendering. I hope the actual tower looks better than that. It almost ruins the fairy-tale castle-like view of Midtown from the park.

I was actually thinking the same thing....The same building would be great just about anywhere else though.

Verge · #**12307** Posted **Dec 10, 2014, 7:09 PM**

Quote:

Originally Posted by bigstick

Oh no, another Novare cutter......

They (Integral's Eviva) look nothing like Atlanta-- for once ours is much much better--

AtlantaMustang · #**12308** Posted **Dec 10, 2014, 7:58 PM**

Ground Floor of Alta at the Park. Doesn't really help with how they may try and provide improved connection between 11th and 12th.

http://www.midtownatl.com/business/development-tour

Verge · #**12309** Posted **Dec 10, 2014, 10:09 PM**

Quote:

Originally Posted by AtlantaMustang

Ground Floor of Alta at the Park. Doesn't really help with how they may try and provide improved connection between 11th and 12th.

http://www.midtownatl.com/business/development-tour

The word homely comes to mind--

arjay57 · #**12310** Posted **Dec 11, 2014, 1:05 AM**

Quote:

Originally Posted by arjay57

Wonder what the story is on that Gables tower on Maple? Sounds like the area around the village is filling in quite a bit.

Hmm.

Gables mixed-use plans latest for redo of E. Paces Ferry

ATLcubs · #**12311** Posted **Dec 11, 2014, 2:00 AM**

http://www.bizjournals.com/atlanta/news/2014/12/10/atlanta-braves-release-four-new-stadium.html

I think it looks pretty good

scania · #**12312** Posted **Dec 11, 2014, 4:57 AM**

Quote:

Originally Posted by ATLcubs

http://www.bizjournals.com/atlanta/news/2014/12/10/atlanta-braves-release-four-new-stadium.html

I think it looks pretty good

I agree.

tdawg · #**12313** Posted **Dec 11, 2014, 3:15 PM**

There is a fantastic link from the AJC website today focusing on how Atlanta is urbanizing at such a rapid pace. I'm really surprised by the Woodstock photos. I had no idea how charming and New Urbanist it is:
http://wdanielanderson.wordpress.com/201...urban-even-suburbs-becoming-newly-urban/

micropundit · #**12314** Posted **Dec 11, 2014, 4:03 PM**

Plans for Historic Mims Park — a 16-acre space that would consume vacant lots in blighted areas not far from the Georgia Dome and complete the dream of bringing a Civil Rights-inspired green space to the Vine City and English Avenue neighborhoods - are alive and well with officials hoping the park will have "something" to offer by late 2015. Rodney Mims Cook, the leader of the National Monuments Foundation and the father of the idea, told Curbed Atlanta this week the process has been delayed by a lengthier-than-anticipated soil study for the city-owned land along Joseph E. Boone Boulevard but said he expects "something to be completed" in the park by the time the Nobel Peace Laureates Summit comes to Atlanta in November 2015. He also shed a little light on a new aspect to be featured in Historic Mims Park. The park is now planning for an increased presence of Proctor Creek, a small body of water on the premises — developers will essentially create extra basins to catch stormwater and build a creek that way.

http://atlanta.curbed.com/archives/2014/...k-it-could-start-happening-soon.php#more

jpk1292000 · #**12315** Posted **Dec 11, 2014, 4:05 PM**

Quote:

Originally Posted by tdawg

There is a fantastic link from the AJC website today focusing on how Atlanta is urbanizing at such a rapid pace. I'm really surprised by the Woodstock photos. I had no idea how charming and New Urbanist it is:
http://wdanielanderson.wordpress.com/201...urban-even-suburbs-becoming-newly-urban/

Great set of photos. This is an amazing time to be in Atlanta. The changes to this city in the last ten years are hard to fathom. And just wait another 18 months until all of the development getting started in-town - especially in Midtown/West Midtown - is complete, the streetcar is running, Ponce City Market, Krog Street Market and the Dekalb Farmers Market have all completed expansions, etc. Talk about a big step up in the city's national and global stature...

Now, if we can only get some funding to expand public transit...

Hot_Pepper · #**12316** Posted **Dec 11, 2014, 5:34 PM**

Quote:

Originally Posted by jpk1292000

Great set of photos. This is an amazing time to be in Atlanta. The changes to this city in the last ten years are hard to fathom. And just wait another 18 months until all of the development getting started in-town - especially in Midtown/West Midtown - is complete, the streetcar is running, Ponce City Market, Krog Street Market and the Dekalb Farmers Market have all completed expansions, etc. Talk about a big step up in the city's national and global stature...

Now, if we can only get some funding to expand public transit...

It will be increasing. MARTA is using the 50% profit requirement that is mandated by government to do so.

ATLskyline · #**12317** Posted **Dec 11, 2014, 6:21 PM**

Not sure if anyone has mentioned this, but the land has been cleared for this project. 320 Units, on the Parcel right next to the new hotel that is supposed to go up next year.

https://www.bisnow.com/archives/newsletter/atlanta/2018-multifamily-plans-for-phipps-revived/

RATBOYKEV · #**12318** Posted **Dec 11, 2014, 6:51 PM**

Quote:

Originally Posted by Hot_Pepper

It will be increasing. MARTA is using the 50% profit requirement that is mandated by government to do so.

Does anyone work with MARTA or have GREAT skills reading budgets? Looking through MARTA's most recent annual financial report, I only see $130M in "restricted for capitol projects" funds (p. 11 of report). I see that MARTA has been paying down $40-60M per year towards the $1.8B debt as well.

I had always imagined there was a restricted account for "capital expenses" where 50% of the tax revenue went as per state law. If that was the case, I would have expected 14 years (years since N Springs opened) of tax revenue of ~$250 M/year minus capitol expenses (buses, trains, station improvements...). My vision was that there was a couple billion sitting in an account waiting for the next capitol expansion.

testarossa50 · #**12319** Posted **Dec 11, 2014, 6:55 PM**

Quote:

Originally Posted by RATBOYKEV

Does anyone work with MARTA or have GREAT skills reading budgets? Looking through MARTA's most recent annual financial report, I only see $238M in unrestricted current assets (p. 10 of report).

I had always imagined there was a restricted account for "capital expenses" where 50% of the tax revenue went as per state law. If that was the case, I would have expected 14 years (years since N Springs opened) of tax revenue of ~$250 M/year minus capitol expenses (buses, trains, station improvements...). My vision was that there was a couple billion sitting in an account waiting for the next capitol expansion.

There isn't any such money. My understanding is that the 50/50 thing is more of a talking point than anything. MARTA uses every bit of the 50% on ongoing improvement projects, and has a ton of unfunded maintenance liabilities to boot.

I could be wrong on any of this stuff, but the long story short is that the 1% is essentially needed (at a bare minimum) to keep the operations as they are today; more money will be needed for expansions.

RATBOYKEV · #**12320** Posted **Dec 11, 2014, 7:16 PM**

Quote:

Originally Posted by testarossa50

the long story short is that the 1% is essentially needed (at a bare minimum) to keep the operations as they are today; more money will be needed for expansions.

So when folks talk about wanting to expand Light-Rail, Heavy-Rail, Beltline Transit, New streetcars, etc there are no capitol funds but also no identified operating funds as well? That sure puts a damper on any of my hopes of in-town transit expansion...