ATLANTA | Development Thread V

[BlueSangha]

Mgm blah blah blah...

[SuperNice]

TarHeel,

I am not envious of Midtown or Buckhead at ALL. Obviously you do not know me and have inferred something far fetched. As a gay man, I am as proud of Midtown today as I was when I attended Tech and the clubs in the 90's Equally, Buckhead represents the best of Atlanta - when I am driving northward on Piedmont and I get to the Piedmont/Cheshire Bridge intersection, what I beautiful sight Buckhead is as it sits on the hill. Good for Buckhead and even better for Atlanta.

To that point improvements in downtown, including additional investments in retail or re-purposing dead zones for active uses (e.g. possibly creating a park where there is presently surface parking near the dome where the children in Vine City and surrounding areas can learn and play baseball or tennis) - likewise, good for downtown but even better for the City as a whole. So to your previous comment, you missed my point, I love Atlanta dearly; however, Atlanta's downtown, my home, has some challenges and factually has not seen the type of investments that I believe it is worthy of. Since I choose to buy there my long-term bet is on downtown improving.

As for stadiums, I do not oppose stadiums nor am I NIMBY, yes both Turner Field and the Georgia Dome were in place long before I purchased my condo, but when I look at City's like Minneapolis and Denver it is eye-opening to see how they have re-positioned adjacent communities and essentially integrated stadiums into the fabric of their downtowns. As such, the stadiums do not appear to be stand alone entities surrounded by endless paved parking lots.

Great conversation!!

[scania]

Originally Posted by SuperNice

TarHeel,

I am not envious of Midtown or Buckhead at ALL. Obviously you do not know me and have inferred something far fetched. As a gay man, I am as proud of Midtown today as I was when I attended Tech and the clubs in the 90's Equally, Buckhead represents the best of Atlanta - when I am driving northward on Piedmont and I get to the Piedmont/Cheshire Bridge intersection, what I beautiful sight Buckhead is as it sits on the hill. Good for Buckhead and even better for Atlanta.

To that point improvements in downtown, including additional investments in retail or re-purposing dead zones for active uses (e.g. possibly creating a park where there is presently surface parking near the dome where the children in Vine City and surrounding areas can learn and play baseball or tennis) - likewise, good for downtown but even better for the City as a whole. So to your previous comment, you missed my point, I love Atlanta dearly; however, Atlanta's downtown, my home, has some challenges and factually has not seen the type of investments that I believe it is worthy of. Since I choose to buy there my long-term bet is on downtown improving.

As for stadiums, I do not oppose stadiums nor am I NIMBY, yes both Turner Field and the Georgia Dome were in place long before I purchased my condo, but when I look at City's like Minneapolis and Denver it is eye-opening to see how they have re-positioned adjacent communities and essentially integrated stadiums into the fabric of their downtowns. As such, the stadiums do not appear to be stand alone entities surrounded by endless paved parking lots.

Great conversation!!

I agree with everything you said 100%. I've never been to Minneapolis personally, but I do know a couple of people from there that have shed some insight. I've told people in the past that urban setup of Denver is so similar to Atlanta in every aspect...meaning Downtown, Midtown, and Buckhead.

[TarHeelJ]

Originally Posted by SuperNice

TarHeel,

I am not envious of Midtown or Buckhead at ALL. Obviously you do not know me and have inferred something far fetched. As a gay man, I am as proud of Midtown today as I was when I attended Tech and the clubs in the 90's Equally, Buckhead represents the best of Atlanta - when I am driving northward on Piedmont and I get to the Piedmont/Cheshire Bridge intersection, what I beautiful sight Buckhead is as it sits on the hill. Good for Buckhead and even better for Atlanta.

To that point improvements in downtown, including additional investments in retail or re-purposing dead zones for active uses (e.g. possibly creating a park where there is presently surface parking near the dome where the children in Vine City and surrounding areas can learn and play baseball or tennis) - likewise, good for downtown but even better for the City as a whole. So to your previous comment, you missed my point, I love Atlanta dearly; however, Atlanta's downtown, my home, has some challenges and factually has not seen the type of investments that I believe it is worthy of. Since I choose to buy there my long-term bet is on downtown improving.

As for stadiums, I do not oppose stadiums nor am I NIMBY, yes both Turner Field and the Georgia Dome were in place long before I purchased my condo, but when I look at City's like Minneapolis and Denver it is eye-opening to see how they have re-positioned adjacent communities and essentially integrated stadiums into the fabric of their downtowns. As such, the stadiums do not appear to be stand alone entities surrounded by endless paved parking lots.

Great conversation!!

You certainly seemed to be a little envious of the amount of development going on in other areas of town. Of course I don't know you - I was going by what you posted. This is the comment that really caught my eye "it appears this development cycle will likely pass with Midtown and Buckhead being the real winners and the downtown neighboring communities remaining still in time." Maybe the downtown projects aren't as visible due to the building density downtown, but it just isn't accurate to act like nothing is happening there.

There is a long list of projects happening currently downtown (and several proposals), so I'm not sure why the implication otherwise. I didn't mean to offend you, but your comments were a little harsh towards downtown Atlanta. Downtown faces some challenges, but you should have seen it years ago if you think it's dead now. Castleberry Hill was pretty much nothing but empty warehouses back then...residential is fairly new to downtown in the scheme of things and it's growing.

I didn't mean to take the discussion away from development, but it's hard to bypass such comments. Carry on.

[Ant131531]

Isn't Castlebury Hill getting an apartment or condo project?

[Vaden]

Originally Posted by SuperNice

I own a condo in the Castleberry Hill / West End area and I support the MGM proposal 110 percent. Those of us who have made long term investments south of Midtown are starving for many things, including, but not limited to retail, entertainment options, desirable housing options, quality urban life and notably other investments beyond stadiums.

As with previous development cycles, it appears this development cycle will likely pass with Midtown and Buckhead being the real winners and the downtown neighboring communities remaining still in time. We have and continue to bare the brunt of the Braves and Falcon before and after game impacts and have gotten essentially NOTHING in return for taking "one for the team". Bad roads, lack of sidewalks, no grocery stores, no lights on I-20, trash littered streets, etc.

To date there have been just a FEW local and literally no national developers looking to make investments in the area. MGM has name recognition and typically delivers a quality product. So in my mind, if the proposed development is built appropriately it may likely be the 'much needed kick start" for a now dormant downtown after 6 pm. Have any of you driven by Trinity, South Northside drive or even Underground Atlanta after 6 pm. It is symbolic of Atlanta today, a City of divided investment, with pretty much every investment dollar outside the Falcons stadium going to its northmost communities from Midtown and above.

So for you naysayers who talk it terms of the Casinos impact on the City as a whole, the City and our northern neighbors have shown little regard to date about the a neighborhoods situated on its southern tip. Although I hate to use the word hope, because it has been used far too long to pacify black middle class communities, while delivering little or nothing at all. So as for hope for better days, my HOA and I believe the Underground redevelopment, the Turner Fied redevelopment, the Fort Mac ( thank you Tyler Perry), and the MGM proposal each represent hope if nothing else. If built they will likely will bring, jobs, housing, retail, and fill the sea of asphalt that presently surrounds us. We live it everyday - not to mention that most of our of the homes and condos South of the Midtown dividing line are presently under water.

So before you say "Kill It" or "No".... your southern most neighbors are saying at last someone expressed an interest in our community that is loooooooong overdue. Someone is actually interested to see that the City's stepchild grows up to be something good also. I have lived here for over 25 years and in my beloved Atlanta if it's not Midtown (more recently) or Buckhead it's essentially 's***".

It's strange that you think a casino would help those neighborhoods. Those neighborhoods suffer from unemployment, low incomes, single-mother households, poverty, drugs, crime, etc... What makes you think that a place to spend what little money they do have would "help" the neighborhoods?? A person who believes that has to be somewhat delusional. Another place to waste money would bring more devastation and more crime. It might be good for tourists, but I don't see how it could possibly help the neighborhoods...

[TarHeelJ]

Originally Posted by Ant131531

Isn't Castlebury Hill getting an apartment or condo project?

There was this proposal a few months back...not sure if there is something current or not.

Castleberry Park: http://atlanta.curbed.com/archives/2014/...berry-hill-has-caught-mixeduse-fever.php

[GeorgiaPeanuts]

Bizjournals had a new render of what Upper Alabama Street could look like once redeveloped. Also that the new estimate of investment (double the original estimate) is hitting $350-$400 Million over the course of 5 years with construction anticipated to begin 2017. Also the high rise locations in the render are based on engineering analysis of where the land could support them.



http://www.bizjournals.com/atlanta/print...tlanta-redevelopment-could-hit-400m.html

And 22 14th St. Permit is getting close. The only big approval left is Site development (also county waste and water services but those never seem to cause much delays)

[scania]

That looks nice.

[TarHeelJ]

Wow!

Jesus, please grant us the new and improved Underground. If you do I'll never watch internet porn again.

[Stairstars]

Ah.....tempting...but no..too big a sacrifice.

Originally Posted by TarHeelJ

Wow!

Jesus, please grant us the new and improved Underground. If you do I'll never watch internet porn again.

[SuperNice]

TarheelJ,

If the new and improved Underground comes to fruition, I too, will give up internet porn. The renderings are wonderful!!

[TexasBoi]

That looks very good. Except that car is either going to smash on their brakes or smash that girl jaywalking.

[ATLSkyPalaceOwner]

Originally Posted by GeorgiaPeanuts

And 22 14th St. Permit is getting close. The only big approval left is Site development (also county waste and water services but those never seem to cause much delays)

I noticed when I drove by this morning that a lot of trees have the orange X on them. So they must be getting pretty close to tree removal at least.

[Ant131531]

By the way, I forgot to mention it, but I saw big red x's on the lots just south of the Peachtree Homeless shelter near the connector and across from that church. Nothing has been announced there right? Can't imagine any project wanting to start there until the shelter is gone completely.

[Terminus]

Originally Posted by Ant131531

By the way, I forgot to mention it, but I saw big red x's on the lots just south of the Peachtree Homeless shelter near the connector and across from that church. Nothing has been announced there right? Can't imagine any project wanting to start there until the shelter is gone completely.

They're restriping the parking lot.

[GeorgiaPeanuts]

Three Alliance suffered some sort of construction issue. Partial Collapse of a floorplate.

https://www.reddit.com/r/Atlanta/comments/3caugu/three_alliance_the_under_construction_buckhead/

[micropundit]

The Atlanta storied development firm has 715 Peachtree under contract for $50M, or some $142/SF. The 352k SF building just across from the Fox Theatre was formerly used by Bank of America for its credit processing, but has been empty for a number of months. Sources tell us Carter, which did not respond to Bisnow, originally was planning to open a tech-centric office project and attempted to lure WeWork into a good portion of the building. Sources tell us that WeWork is instead focused on Buckhead for its Atlanta debut. The current owner, Arthur Walters in Arlington, deferred comment until after July 15.



https://www.bisnow.com/atlanta/news/office/carter-buying-715-peachtree-47675

[PremierAtlanta]

Originally Posted by GeorgiaPeanuts

Bizjournals had a new render of what Upper Alabama Street could look like once redeveloped. Also that the new estimate of investment (double the original estimate) is hitting $350-$400 Million over the course of 5 years with construction anticipated to begin 2017. Also the high rise locations in the render are based on engineering analysis of where the land could support them.



http://www.bizjournals.com/atlanta/print...tlanta-redevelopment-could-hit-400m.html

And 22 14th St. Permit is getting close. The only big approval left is Site development (also county waste and water services but those never seem to cause much delays)

This is the exact infusion of capital and development that Downtown needs. I loath using this cliche' but this redevelopment - if it happens as envisioned - would be quite "transformative". I love the heights of the buildings. I think they are very appropriate for that location. I am thrilled that the developer is still bullish on the inclusion of a grocery store. It is very needed in that part of town.

Also, great news about the 22 14th St. permitting progress. Now we may be able to see its construction via the Novare Atlantic House construction webcam. Thank you for the update GeorgiaPeanuts.

[Student]

Yea. I'm most excited about their plans to activate the ground level with a restaurant.

Originally Posted by micropundit

The Atlanta storied development firm has 715 Peachtree under contract for $50M, or some $142/SF. The 352k SF building just across from the Fox Theatre was formerly used by Bank of America for its credit processing, but has been empty for a number of months. Sources tell us Carter, which did not respond to Bisnow, originally was planning to open a tech-centric office project and attempted to lure WeWork into a good portion of the building. Sources tell us that WeWork is instead focused on Buckhead for its Atlanta debut. The current owner, Arthur Walters in Arlington, deferred comment until after July 15.



https://www.bisnow.com/atlanta/news/office/carter-buying-715-peachtree-47675