ATLANTA | Development Thread V - Page 759

jsvh · #**15161** Posted **Aug 8, 2015, 9:07 PM**

Quote:

Originally Posted by testarossa50

Atlanta won't develop that sort of land market, ever. Rents should stabilize in the $2-$2.50 range for new, upmarket construction.

This sounds a lot like Bill Gate's infamous "640k ram should be enough for anyone" quote.

I think Atlanta will continue to be very competitive on rates for a long time to come, but I bet we will break the $3 mark in the next ten years. And $3 in less than five years for the new, up market construction as long as the economy keeps humming along.

scania · #**15162** Posted **Aug 8, 2015, 9:15 PM**

Quote:

Originally Posted by jsvh

This sounds a lot like Bill Gate's infamous "640k ram should be enough for anyone" quote.

I think Atlanta will continue to be very competitive on rates for a long time to come, but I bet we will break the $3 mark in the next ten years. And $3 in less than five years for the new, up market construction as long as the economy keeps humming along.

Breaking the $3 mark in the next ten years could probably happen, but the dollar wouldn't have the same value as it does today. Meaning that we will still be significantly lower than some of the other major cities.

GeorgiaPeanuts · #**15163** Posted **Aug 9, 2015, 2:18 PM**

http://buckheadview.com/2015/08/08/permi...parcels-for-gables-buckhead-development/

Gables Buckhead filed to consolidate the lots for its plans to redevelop the block.

scania · #**15164** Posted **Aug 9, 2015, 3:42 PM**

http://buckheadview.com/2015/07/01/npu-b-zoning-unit-approves-22-story-condo-for-2520-peachtree/

I was looking at different towers going up and towers being planned. IMO, it would be great for Atlanta to get more towers that have that WOW factor. When you travel to NY, Miami, LA, etc. there are so many towers that are architecturally stunning. In Atlanta, there are only a couple of towers that have that WOW factor. This NY architecture firm really does a great job of bringing new modernism to Atlanta in this tower. I honestly would love to see Midtown get some true stunning residential towers. As well as the rest of the city at large.

testarossa50 · #**15165** Posted **Aug 9, 2015, 3:58 PM**

Quote:

Originally Posted by jsvh

This sounds a lot like Bill Gate's infamous "640k ram should be enough for anyone" quote.

I think Atlanta will continue to be very competitive on rates for a long time to come, but I bet we will break the $3 mark in the next ten years. And $3 in less than five years for the new, up market construction as long as the economy keeps humming along.

It's definitely possible, but nonetheless we'll never have the sort of land market in the cities with astronomical rents. NYC (absurdly high development costs, no land), DC (extreme development restrictions, very high costs), Boston (no land, very high costs), SF (no land, extreme development restrictions, very high costs), and LA (extreme development restrictions) all have factors pushing up costs of new construction that Atlanta doesn't and hopefully won't ever suffer from.

Atlanta will end up with more of a Chicago/Philly dynamic most likely, except cheaper because there's a heck of a lot more undeveloped land and development costs are low.

bryantm3 · #**15166** Posted **Aug 9, 2015, 5:50 PM**

Quote:

Originally Posted by scania

http://buckheadview.com/2015/07/01/npu-b-zoning-unit-approves-22-story-condo-for-2520-peachtree/

I was looking at different towers going up and towers being planned. IMO, it would be great for Atlanta to get more towers that have that WOW factor. When you travel to NY, Miami, LA, etc. there are so many towers that are architecturally stunning. In Atlanta, there are only a couple of towers that have that WOW factor. This NY architecture firm really does a great job of bringing new modernism to Atlanta in this tower. I honestly would love to see Midtown get some true stunning residential towers. As well as the rest of the city at large.

although i'm sorry to see the 50s condos going away, this building is the best possible replacement.

kamden99 · #**15167** Posted **Aug 10, 2015, 1:17 PM**

Anyone know what is going in the end space & retail spaces along 6th Street at Viewpoint? They have been working on it for several months now, but no announcement of tenants... There had been rumors of an "urban grocery store" concept moving into the plaza space, but that was just conjecture due to the renderings that showed a market.

Would they be doing all this buildout without a signed lease?

GeorgiaPeanuts · #**15168** Posted **Aug 10, 2015, 1:38 PM**

Quote:

Originally Posted by kamden99

Anyone know what is going in the end space & retail spaces along 6th Street at Viewpoint? They have been working on it for several months now, but no announcement of tenants... There had been rumors of an "urban grocery store" concept moving into the plaza space, but that was just conjecture due to the renderings that showed a market.

Would they be doing all this buildout without a signed lease?

Maybe one of those smaller concept Whole Foods. I believe they will be called 365 after the whole foods brand.

I wouldn't mind seeing a Chipotle move into the old Sprint space. Have to drive to Ponce for a Chipotle Fix

Urbannizer · #**15169** Posted **Aug 10, 2015, 5:10 PM**

Hanover West Peachtree

c/o SCA Consulting Engineers via FB

foxmccleod · #**15170** Posted **Aug 10, 2015, 5:20 PM**

Quote:

Originally Posted by GeorgiaPeanuts

Maybe one of those smaller concept Whole Foods. I believe they will be called 365 after the whole foods brand.

I wouldn't mind seeing a Chipotle move into the old Sprint space. Have to drive to Ponce for a Chipotle Fix

A 365 is around 25k square feet. The new space fronting the parking plaza is only 3k square feet. It is space G in the map.

http://properties.theshoppingcentergroup.com/property/output/center/detail/id:1579/#plans

arctk2014 · #**15171** Posted **Aug 10, 2015, 6:50 PM**

Quote:

Originally Posted by GeorgiaPeanuts

Maybe one of those smaller concept Whole Foods. I believe they will be called 365 after the whole foods brand.

I wouldn't mind seeing a Chipotle move into the old Sprint space. Have to drive to Ponce for a Chipotle Fix

While we're at it can we get a Chipotle downtown???

kamden99 · #**15172** Posted **Aug 10, 2015, 7:28 PM**

Quote:

Originally Posted by foxmccleod

A 365 is around 25k square feet. The new space fronting the parking plaza is only 3k square feet. It is space G in the map.

http://properties.theshoppingcentergroup.com/property/output/center/detail/id:1579/#plans

I didn't realize that space was so small... I guess it will just be a restaurant or some other small shop. Oh well, my dreams of a grocery store within walking distance will have to wait until perhaps the 811 Peachtree building gets built. If I recall, it will have roughly 30K SF of street level retail.

bigstick · #**15173** Posted **Aug 10, 2015, 7:45 PM**

The crane for Modera has disappeared on the 33 Peachtree cam...???

http://www.truelook.com/clients/balfourbeattyus-33peachtree/?full

ATLSkyPalaceOwner · #**15174** Posted **Aug 10, 2015, 11:26 PM**

Quote:

Originally Posted by bigstick

The crane for Modera has disappeared on the 33 Peachtree cam...???

http://www.truelook.com/clients/balfourbeattyus-33peachtree/?full

I noticed this too on the way home and was going to post it. The Modera crane is gone. There is a large base of something that is visible but I couldn't tell what it was from my car.

bigstick · #**15175** Posted **Aug 10, 2015, 11:53 PM**

Pretty shocked no one on here has an explanation???

Canguy · #**15176** Posted **Aug 11, 2015, 12:28 AM**

Quote:

Originally Posted by bigstick

Pretty shocked no one on here has an explanation???

Am hearing that the General Contractor forced to remove crane due to fact that they did not get air rights over Georgia Tech.

ATLSkyPalaceOwner · #**15177** Posted **Aug 11, 2015, 12:40 AM**

Quote:

Originally Posted by Canguy

Am hearing that the General Contractor forced to remove crane due to fact that they did not get air rights over Georgia Tech.

Yikes.

RocketSurgeon · #**15178** Posted **Aug 11, 2015, 12:41 AM**

Quote:

Originally Posted by bigstick

Pretty shocked no one on here has an explanation???

Pemgin · #**15179** Posted **Aug 11, 2015, 12:52 AM**

Quote:

Originally Posted by Canguy

Am hearing that the General Contractor forced to remove crane due to fact that they did not get air rights over Georgia Tech.

Do you mean the GC didn't ask for permission or that Tech refused to grant them?

Kenn · #**15180** Posted **Aug 11, 2015, 1:39 AM**

Quote:

Originally Posted by kamden99

I didn't realize that space was so small... I guess it will just be a restaurant or some other small shop. Oh well, my dreams of a grocery store within walking distance will have to wait until perhaps the 811 Peachtree building gets built. If I recall, it will have roughly 30K SF of street level retail.

It looks like all the space in University House has been leased per the following:

http://www.mscretail.com/wp-content/uploads/2014/07/UH-Midtown-Brochure_Site-Plan11.pdf

Anyone have any Intel on the prospective tenants? Compare this to the multiple empty Viewpoint spaces which, remember, will soon include Starbucks and the 7th sales center. This poor stretch has been dysfunctional for years for no real reason. Witness the speed with which the adjoining Skyhouse has leased up.