ATLANTA | Development Thread V

[bryantm3]

[QUOTE=Atlanta3000;7503581]

Originally Posted by arctk2014

Unless plans have changed, the new hotel is flagged to be a Hampton Inn & Suites. Currently there is already a Hampton Inn to the right of Disco Kroger.

Why in the world does Buckhead need two Hampton Inn's this close together? Not to mention they both look like shit.

born in 1990 and grew up going to a lot of those! starting to feel old.

[TarHeelJ]

Originally Posted by arctk2014

Unless plans have changed, the new hotel is flagged to be a Hampton Inn & Suites. Currently there is already a Hampton Inn to the right of Disco Kroger.

Why in the world does Buckhead need two Hampton Inn's this close together? Not to mention they both look like shit.

They just don't build 'em like that anymore...at least I hope not. Do they? All of the newer ones I've seen have been of a more modern design, but they may still happen like this along highways or suburban areas.

[sbrptree]

Originally Posted by alco89

Maybe. It's only been 10 months since they announced it, which isn't very long. A lot of these other project seem to take a year or two before starting.

They wouldn't put up a fence unless something was about to happen.

[MdtwnATL]

With all the major announcements for the core of Midtown, does anyone think that perhaps the time might be right in Dew-nothing's mind to finally do something on Peachtree between 10th and 11th? With the Colony Square project about to get underway, and his potential plans for his own Campanile building, when might there be a better time?

Of course, not holding my breath, but the right project there could be totally transformative.

[alco89]

Originally Posted by sbrptree

They wouldn't put up a fence unless something was about to happen.

Oh, I wasn't doubting that. In fact, I've seen it. Just saying that he might have been slightly impatient about it cause he likes it. Construction beginning 10 months after the announcement is actually kind of quick (to me).

[RocketSurgeon]

Originally Posted by MdtwnATL

With all the major announcements for the core of Midtown, does anyone think that perhaps the time might be right in Dew-nothing's mind to finally do something on Peachtree between 10th and 11th? With the Colony Square project about to get underway, and his potential plans for his own Campanile building, when might there be a better time?

Of course, not holding my breath, but the right project there could be totally transformative.

I doubt it. It's easy to have high expectations with all the cranes around but aside from NCR they have mostly been small apartment projects, which is not what Dewberry has in mind. This cycle has brought significant changes, but Midtown is still in its infancy and transformative projects are a long way off for the most part. Announcements of taller towers have started trickling in but no dirt has moved yet. If the HPC happens that will probably be all the new inventory the office market can handle for awhile, and if anyone was thinking about trying a big condo project the prospect of 98 14th has surely put an end to that. It will be a much different market in 5-10 years, though. If I had something big in mind, I'd be waiting too.

[Verge]

Originally Posted by RocketSurgeon

I doubt it. It's easy to have high expectations with all the cranes around but aside from NCR they have mostly been small apartment projects, which is not what Dewberry has in mind. This cycle has brought significant changes, but Midtown is still in its infancy and transformative projects are a long way off for the most part. Announcements of taller towers have started trickling in but no dirt has moved yet. If the HPC happens that will probably be all the new inventory the office market can handle for awhile, and if anyone was thinking about trying a big condo project the prospect of 98 14th has surely put an end to that. It will be a much different market in 5-10 years, though. If I had something big in mind, I'd be waiting too.

He just finished a major hotel project in Charleston-- proof that he does actually do something--

[GeorgiaPeanuts]

http://www.bizjournals.com/atlanta/news/2016/07/15/74-story-tower-would-be-city-s-2nd-tallest.html

Bizjournal has added more detail to the OHM project article

Atlanta developers might caution it’s the scale of such proposals that can make them more dream than reality.

Today, 382 luxury condos feels like a gigantic bet on the depth of the condo market. What few projects are being planned or developed are a fraction of that size.

Still, Avraham is emboldened by the rapid changes underway in Midtown, where Georgia Tech is expanding, technology companies such as NCR Corp. are relocating their headquarters and projects such as Ponce City Market continue luring the creative class.

“The transformation Midtown is going through now and will experience in the next three years is incredible,” Avraham said.

Olympia Heights Management is making a big statement for its first project in Atlanta. Avraham, who has been based in Miami and developed thousands of residential units in cities around the world, is putting a permanent office here.

For Perkins + Will, the tower is a chance to design a unique building on the Atlanta skyline. Led by design director Manuel Cadrecha and associate principal Don Reynolds, the project features a pinwheel effect to its glass that shifts with height.

“We refined the design again and again to make the building look cleaner,” Cadrecha told Atlanta Business Chronicle.

In a presentation to the Midtown Development Review Committee on July 12, Cadrecha said, “The building is about understanding proportions and height and working in a very careful way to design something that will have a lasting impact.”

The development group is aware of the site’s history. Several years ago, when it was still owned by the Woodruff Arts Center, the property took center stage when it was going to house a new $300 million Atlanta Symphony Orchestra concert hall designed by Spanish architect Santiago Calatrava.

State and local funding didn’t come through.

The nearly 4-acre site has remained vacant, nestled between towers such as 1180 Peachtree and Promenade.

The 98 14th tower could become an important feature along the proposed Midtown Art Walk, a concept Midtown Alliance describes as “a unique pedestrian experience defined by creative landscape, lighting, and interactive artistic elements along a half-mile promenade between the Midtown and Arts Center transit stations.”

“The site at 98 Fourteenth Street would be a critical segment of the Art Walk by providing a mid-block pedestrian connection between 14th and 15th Streets,” Ginny Kennedy, director with the Midtown Alliance, said in an email to Atlanta Business Chronicle.

Cadrecha told Midtown Alliance members he also sees the potential of a connection with the Art Walk, but also added, “We really see the project bridging a lot of different [surrounding] properties.”

Olympia Heights is also trying to land an extended-stay hotel concept such as Korman Communities’ AKA brand, which is in New York, Philadelphia, Washington, Los Angeles and London.

The initial infrastructure work at 98 Fourteenth could begin by November, Avraham told Midtown Alliance.

Did anyone notice a "pinwheel effect" with the glass curtain wall?

[atlwarrior]

Originally Posted by RocketSurgeon

I doubt it. It's easy to have high expectations with all the cranes around but aside from NCR they have mostly been small apartment projects, which is not what Dewberry has in mind. This cycle has brought significant changes, but Midtown is still in its infancy and transformative projects are a long way off for the most part. Announcements of taller towers have started trickling in but no dirt has moved yet. If the HPC happens that will probably be all the new inventory the office market can handle for awhile, and if anyone was thinking about trying a big condo project the prospect of 98 14th has surely put an end to that. It will be a much different market in 5-10 years, though. If I had something big in mind, I'd be waiting too.

I remain more optimistic only because of transporting a lot of business travelers and vistors. Interest to moving to Atlanta remains very strong. I also expect foreign buyers and investors to show more interest and purchase. Atlanta's international trade with direct Nonstops to Middle East is growing and should attract foreign new resident that are wealthy. Midtown is the perfect market that will continue to explode. I never seen so many different demographics of people and ages desiring to move there.

[Street Advocate]

Originally Posted by GeorgiaPeanuts

Did anyone notice a "pinwheel effect" with the glass curtain wall?

I think the "pinwheel" is subtle and best represented in the lower-central left hand side of the building in the following photo. But Idk, maybe they're talking about the line of balconies that zags to the other side of the building or i'm missing something, too:

[ATLontheRISE]

Originally Posted by RocketSurgeon

I doubt it. It's easy to have high expectations with all the cranes around but aside from NCR they have mostly been small apartment projects, which is not what Dewberry has in mind. This cycle has brought significant changes, but Midtown is still in its infancy and transformative projects are a long way off for the most part. Announcements of taller towers have started trickling in but no dirt has moved yet. If the HPC happens that will probably be all the new inventory the office market can handle for awhile, and if anyone was thinking about trying a big condo project the prospect of 98 14th has surely put an end to that. It will be a much different market in 5-10 years, though. If I had something big in mind, I'd be waiting too.

Not sure what you're trying to say, can you clarify? What's happening in midtown is transformational in every sense of the word. The demand is high and the people are coming. Just curious what you're seeing that makes you less of an optimist.

Side note: people can Say what they want about Reed, I like him and what's he's doing to attract business inside the city.

[GeorgiaPeanuts]

Originally Posted by Street Advocate

I think the "pinwheel" is subtle and best represented in the lower-central left hand side of the building in the following photo. But Idk, maybe they're talking about the line of balconies that zags to the other side of the building or i'm missing something, too:

Yea I'm thinking that is it. Nothing special in my opinion although better than nothing at all.

[skyscraper_inspector]

GSU Adaptive reuse is happening on Edgewood Ave:



https://whatnowatlanta.com/gsu-adaptive-reuse-renovation-underway-on-edgewood/

[TarHeelJ]

I can't imagine downtown without the many GSU projects that have happened over the past 20 years or so. All across downtown from Fairlie-Poplar to Edgewood GSU has refurbished old empty buildings and built new ones. We owe the university credit (along with Centennial Olympic Park) for a good portion of downtown's ability to remain relevant during a time when most of the larger projects were going to Midtown and Buckhead. Thank god for GSU!

[RocketSurgeon]

Originally Posted by ATLontheRISE

What's happening in midtown is transformational in every sense of the word.

Yes, as a whole, but no single project has been "totally transformative" as MdtwnATL was suggesting for the Dewberry site. There haven't been very many completed, actually--maybe half a dozen since the late 00s? It will be a number of years before the full effect of this cycle is felt, when all of the buildings that are still under construction or not even started yet are completed and filled with residents. That's when you'll see more of the larger projects happen instead of the midrise and ~20 story apartment buildings we've been getting so far.

[Atlanta3000]

2965 Peachtree Residential Tower

"The Sutton" is a proposed 510,700 square foot multifamily high rise located on Peachtree Road within walking distance to the Shops of Buckhead. The twenty-one story building will have 141 luxury, two and three bedroom residences ranging from 1,600 sf – 2,000 square feet.

• Oversized private terraces at all residences
• Street level amenities include a resident coffee bar, business center, concierge, and private motor court.
• Fitness center, club room, and guest suite overlooking the elevated amenity terrace with direct views of midtown and downtown Atlanta.
• Amenity level includes lush landscaping, a pool with sun shelf, and an outdoor kitchen.

[Street Advocate]

Originally Posted by Atlanta3000

2965 Peachtree Residential Tower

Hmmm, based off the size and number of units, maybe we have more high-end condos on the way?? I like the design and I'm glad to see renderings for a new project at the location where I believe Solis on Peachtree was proposed and died.

[Hokiehaven]

Originally Posted by RocketSurgeon

Yes, as a whole, but no single project has been "totally transformative" as MdtwnATL was suggesting for the Dewberry site. There haven't been very many completed, actually--maybe half a dozen since the late 00s? It will be a number of years before the full effect of this cycle is felt, when all of the buildings that are still under construction or not even started yet are completed and filled with residents. That's when you'll see more of the larger projects happen instead of the midrise and ~20 story apartment buildings we've been getting so far.

This is unfortunately likely very true. There are some interesting projects now starting to take shape, but what has gotten built are largely what RocketSurgeon said, "apartment buildings," furthermore ATL has proven a few times now to be a boom bust town. There needs to be more people in midtown 247 and right now that means we need to see these current projects get off the ground before the inevitable slowdown of this cycle comes.

Then, next cycle once there are even fewer empty lots available and more residents in the area, maybe he'll be inclined to move on some of his properties, but I anticipate the 10th street lot will be the last one developed, the way he's selling it.

I think the big one regarding him is that he actually redesign the street level of the Campanile, that provides value to his properties and midtown.

[BlueSangha]

Originally Posted by Atlanta3000

2965 Peachtree Residential Tower

"The Sutton" is a proposed 510,700 square foot multifamily high rise located on Peachtree Road within walking distance to the Shops of Buckhead. The twenty-one story building will have 141 luxury, two and three bedroom residences ranging from 1,600 sf – 2,000 square feet.

• Oversized private terraces at all residences
• Street level amenities include a resident coffee bar, business center, concierge, and private motor court.
• Fitness center, club room, and guest suite overlooking the elevated amenity terrace with direct views of midtown and downtown Atlanta.
• Amenity level includes lush landscaping, a pool with sun shelf, and an outdoor kitchen.

This is not a new proposal. Maybe newer renders, but demo for this project started a while ago, with construction to begin this fall. http://buckheadview.com/2016/03/31/grand-china-exxon-demo-begins/

[Street Advocate]

Originally Posted by BlueSangha

This is not a new proposal. Maybe newer renders, but demo for this project started a while ago, with construction to begin this fall. http://buckheadview.com/2016/03/31/grand-china-exxon-demo-begins/

I thought it looked familiar... hah. Looks like apartments I'll never afford. Still great renderings. have to wonder how long the view south will last though!