Portman to develop High Performance Computer Center; Cousins NCR deal,early 2016
The race to continue the development of Georgia Tech's Technology Square district has 2 winners, according to the latest from BizNow.com. The national online real estate publication is reporting that while Atlanta based Cousins Properties won the development rights for the proposed $260 million NCR campus ,slated to begin construction in 1stQ 2016, their JV with Houston based Hines lost out in their bid to develop Tech's to develop a $300 million mixed-use project , the High Performance Computing Center.Cousins Properties CEO Larry Gellerstedt made a stunning disclosure during his company's earnings call with analysts this week: "We were not successful in getting that project. Georgia Tech is moving ahead with Portman properties is our understanding." https://www.bisnow.com/atlanta/news/office/cousinshines-out-of-georgia-tech-tower-45723
I know Fuqua develops these, but isn't he driven by the clients desires. In this case Kroger or in the original case a Walmart; people should blame the anchor tenant as well. It seems the reason Modera Morningside is an urban format is because of Mill Creek/Sprouts desire and land contraints
Yes to a certain extent he is-- But all retail tenets building in urban areas have to conform to local zoning and other requirements-- the simple truth is that while the Beltline overlay was in place underlying zoning was not-- creating a loophole for Fuqua to jump through-- we can only hope it doesn't happen again-- Atlanta's commitment to urban form will pay dividends in the long run even as it makes some forms of development and some kinds of tenants more difficult in the short run-- Kroger, Publix and other grocers all have urban prototypes-- there is a Whole Foods in Time-Warner Center in NY for goodness sakes--
Yes to a certain extent he is-- But all retail tenets building in urban areas have to conform to local zoning and other requirements-- the simple truth is that while the Beltline overlay was in place underlying zoning was not-- creating a loophole for Fuqua to jump through-- we can only hope it doesn't happen again-- Atlanta's commitment to urban form will pay dividends in the long run even as it makes some forms of development and some kinds of tenants more difficult in the short run-- Kroger, Publix and other grocers all have urban prototypes-- there is a Whole Foods in Time-Warner Center in NY for goodness sakes--
And there are also VERY urban Walmarts in Washington, DC. Harris Teeter and Safeway both opened new urban stores in Old Town Alexandria. Fuqua really has no excuse other than his company's desire to take the path of LEAST resistance or effort.
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Manalapan, Florida...my stress reliever and my home away from home. www.manalapan.org
PremierAtlanta, we all appreciate and share your enthusiasm for Atlanta development from wherever your husband is located!!
Thank you Libertarian. I'm a metro Atlanta native, UGA alumna and my parents are still there. We also still own property there. I have a vested interest in the health and positive growth of the metropolitan region. I'm a Georgia Peach through and through.
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Manalapan, Florida...my stress reliever and my home away from home. www.manalapan.org
This is the best development news THIS WEEK! Now Atlanta3000 can rest easy this weekend. We have a start date of the second quarter of 2016. Considering the magnitude of this development, I think this is amazing. Q2 of 2016 will be here before we know it. What's most important is that this means that 4000 additional jobs are living the suburbs for intown.
Q2 of 2016 is a year away. That's a considerable amount of time given the challenges they are up against.
Last edited by Atlanta3000; May 8, 2015 at 9:52 PM.
I wish Fuqua would make more of its developments like this one. It can't be that much more difficult.
Its because the Morningside development is not Fuqua... at least it wasn't at the outset. It was originally proposed several years ago by another developer and that developer went bankrupt during the recession. Now its a co-development with Mill Creek and they have kept the same plan.
Its because the Morningside development is not Fuqua... at least it wasn't at the outset. It was originally proposed several years ago by another developer and that developer went bankrupt during the recession. Now its a co-development with Mill Creek and they have kept the same plan.
Assuming the project is successful, hopefully Fuqua's involvement will have a positive influence on their future developments. It could prove that building in a more urban form is at least possible.
Design A looks both relatively more expensive to build and like a money pit to maintain. Good to see some great designs though. The 5th St Bridge completely transformed the campus pedestrian experience; anything near something like that will be a huge benefit for a stretch that I always avoided walking as a student.
Completed Cyan on Peachtree and Post Alexander Phase II
Cyan addresses the street well and Post Phase II is brighter than what I was excepting. And I'm not feeling the covered parking deck. It's a ill too bland for my taste.
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