Quote:
Originally Posted by kamden99
Also noticed the billboard at 7th & Peachtree has been removed. I assume this means that plans for the new tower in that lot are progressing.
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I heard this project starts Q1 2016 so I guess within the next 2 months or so...we should see an official groundbreaking. Quite sad all of these newer projects are getting off the ground faster than Eviva. Eviva is going to miss out on the rental boom if it doesn't get started soon. This wave of development in Midtown will surely bring down effective rents in a few years.
Had they started a year and a half ago, they would have had pioneer's advantage. It's been close to a year and a half since the last apartment project was completed in Midtown(131 Ponce) so there's an exploding demand waiting for these projects to be completed, but they continue to fool around so they're going to miss out if they don't hurry.
Btw, has anyone notice how blazing fast Azure on the Park is going? Seriously, at the rate it's going, it will be done in 7 or so months. Clearly, the developer knows what I'm talking about when it comes to quickly getting into the Midtown market before this wave of projects are completed.