Atlanta Project Thread IV

[smArTaLlone]

http://www.bizjournals.com/atlanta/news/...itch-74-story-midtown-atlanta-tower.html

[Martinman]

Love it!! It's nothing earth-shattering design-wise but it's simple sleek and elegant and I think a nice contrast to the postmodern tapered tops that dominate Atlanta's skyline.

[smArTaLlone]

Excerpt from the article:

http://www.bizjournals.com/atlanta/news/...itch-74-story-midtown-atlanta-tower.html

Developers tonight are pitching to Midtown officials what would become Atlanta's second tallest building, a 74-story, skyline-altering mixed-use tower with about 380 condos.

Olympia Heights Management Development Director Roni Avraham will help lead the presentation to the Midtown Development Review Committee. As designed, the tower would feature 382 luxury condos, 180 corporate suites and ground-level retail.

The Atlanta office of Perkins + Will is the architect.

The tower would rise at 98 14th Street, across from the Four Seasons Atlanta Hotel.

Olympia Heights Management's Avraham said the building may soar to about 920 feet, ranking behind only Bank of America Plaza as the city's tallest tower.

Avraham added that demand for new Midtown condos is robust as more companies continue relocating to the arts and cultural heart of the city, which features the Woodruff Arts Center, Fox Theatre, Technology Square and Piedmont Park.

OHM Atlanta will call the project 98 Fourteenth Street and wants to break ground as soon as it receives approval from Midtown and city of Atlanta officials.

[Libertarian]

So they're funded?

[GeorgiaPeanuts]

https://www.bisnow.com/atlanta/news/mixe...e-of-old-buckhead-offices-62605?rt=21727

Loudermilk looks to be starting on his next office project in Buckhead Village. They have begun demolition.



Article indicates they have a number of leasing agreements awaiting final signatures.

[smArTaLlone]

• 98 Fourteenth Street
  
  
  Olympia Heights Management (OHM) made an initial presentation to the DRC in April 2014 and obtained approval to move forward with site improvements for their master-planned development located at 98 Fourteenth Street, commonly referred to as the former "Symphony Site." They returned to the DRC on Tuesday, July 12th, to present plans for the first phase of the project - a 74-story tower comprised of 382 luxury residential units, 180 corporate suites, 60,370 SF of retail, and 825 structured parking spaces. When completed, the tower 920-foot tower would be the second tallest in the City, behind Bank of America. The project was well-received by the DRC who acknowledged its clean, modern lines, elegant proportions and timeless design. Comments from the committee focused on practical concerns such the provision of ample stacking space for vehicles to facilitate efficient valet operations. The committee also encouraged the development team to seek out exceptional, destination-oriented restaurateurs to capitalize on the premium location and potential for unique outdoor dining within the rooftop garden directly accessed from Peachtree Street.
  
  
• SLS Atlanta Hotel & Residences
  
  Trillist introduced a new luxury hotel project under the SLS flag at the July DRC meeting. Located at the intersection of Crescent Avenue and 13th Street, the proposed 42-story tower would contain a podium with 12 levels of parking, 14 hotel guestroom levels (213 keys) and 16 residential levels (56 units). The DRC commended the development team for their collaborative approach in working with adjacent property owners to create a central service area that would reduce the need for curb cuts. The committee also noted the applicant’s artful approach to activating the streetscape around the base of the project, but they stressed the need for editing to simplify the myriad opportunities for creative engagement within the pedestrian realm. Strong elements of the design included a public terrace at the hotel entrance which creates an outdoor living room and provides a buffer between the porte cochère driveway and Crescent Avenue sidewalk. The applicant requested several variations and was asked to revise them for clarity prior to the DRC making a formal recommendation.
  
  
• 1138 Peachtree Street
  
  Trillist presented an update to their planned project at 1138 Peachtree Street, which complements their hotel/condo project across the street on the west side of Crescent Avenue. Together, the two projects reinforce Trillist’s vision for a unique pedestrian experience in the Crescent Street area and they create the opportunity for connections into a future Midtown Art Walk contemplated along the Peachtree Walk corridor. The proposed design features a 45-story residential tower fronting Peachtree Street (323 apartments) with three levels of retail at the base (21,500 SF). Retail/restaurant space would be accessed both from Peachtree Street and Crescent Avenue. Over 600 parking spaces would be provided in a ten-level deck located on the Crescent Avenue side of the property. The overall design has evolved in a positive direction since the previous version submitted in January 2014. In particular, the elevations are more refined, consistent with the sleek modernism of the proposed hotel project across the street. The committee was receptive to the upgraded finish materials on the exterior and recommended support for the project.
  
  Crescent view
  

[smArTaLlone]

Originally Posted by Libertarian

So they're funded?

It would seem so in order to break ground without the guarantee of a certain percentage of pre-sales. There have been several projects that have wanted to do condos but the banks were just not interested. There have been no new condos in Midtown under $600,000 since probably 2008. Maybe the timing is just right for a big condo project.

[smArTaLlone]

The AJC has a few more details on the project and on the second tower.

http://www.ajc.com/news/business/74-story-condo-tower-planned-in-midtown-atlanta/nrx2D/

The second tower, a 68-story structure still early in the design concept, could include a luxury hotel and apartments, she said. The developers are in talks with high-end restaurants, a grocer and luxury spa and fitness center operators.

HM’s first tower is expected to include 180 high-end “extended stay” units — think apartments aimed at globetrotting executives in need of housing for a few months — and 380 condominiums priced from about $700,000 into the millions.

Roni Avraham, OHM director of development, said the firm has a mix of Israeli and American investor equity in place and is working to obtain financing. He said condo pre-sales could start early next year.

[Martinman]

That's an awful lot of high - end condos. I wish we could get something in the mid-price point.

At any rate, it's hard to imagine how different 14th street will be with this explosion of development, all within a couple of years.

On another note the Midtown Alliance development tour now lists the Hampton Inn, the Northside medical building and 1270 Spring as under construction but still has Alta on the park as proposed.

[ThrashATL]

Originally Posted by smArTaLlone

Dirty big beast! Much nicer looking (IMHO) than that curvy bulbous Arquitectonica crap that was first proposed there. Keep that in Miami.

[smArTaLlone]

http://atlanta.curbed.com/2016/7/20/12238592/near-falcons-stadium-mixed-income-village-planned

Developers have unveiled plans for a large-scale, mixed-income village near Mercedes-Benz Stadium they say will boost Atlanta’s affordable housing stock and continue a resurgence that’s percolating west of Midtown and downtown.

The $150-million, mixed-use masterplan calls for a variety of about 700 new housing units, with commercial facilities, communal spaces, a new fitness center, and retail offerings dotted throughout.

The village would rise along Northside Drive — on the 12-acre site of the former Herndon Homes public housing project — about mile north of the Atlanta Falcons’ new roost.

[smArTaLlone]

Several Midtown projects will complete construction this year but it does not appear that the pace of construction will be slowing down at all. Quite a few proposals are inching toward construction this year or early next year. Not to mention that OHM would like to break ground on 98 14th this year if all goes as planned (which virtually never happens).

• Ascent Midtown
• Northside Medical Midtown
• Hampton Inn & Suites @ 15th street
• AC Hotel/Moxy Hotel
• Peachtree & 3rd
• Alexan West Peachtree
• Hanover Midtown
• Juniper & 5th
• The Standard
• CODA Tech Square

Atlantic House


http://atlanta.curbed.com/2016/7/29/12319022/west-peachtree-tower-construction-midtown-atlanta

[L.ARCH]

Originally Posted by smArTaLlone

Several Midtown projects will complete construction this year but it does not appear that the pace of construction will be slowing down at all. Quite a few proposals are inching toward construction this year or early next year.

• Ascent Midtown
• Northside Medical Midtown
• Hampton Inn & Suites @ 15th street
• AC Hotel/Moxy Hotel
• Peachtree & 3rd
• Alexan West Peachtree
• Hanover Midtown
• Juniper & 5th
• The Standard
• CODA Tech Square

And supposedly 98 14th street, the SLS hotel project on Crescent, and 1138 Peachtree as well. But, I'll believe it when I see it.

[smArTaLlone]

Originally Posted by L.ARCH

And supposedly 98 14th street, the SLS hotel project on Crescent, and 1138 Peachtree as well. But, I'll believe it when I see it.

Yeah I edited to include 98 14th but I didn't know the developer had given a timetable on 1138 Peachtree or SLS. I believe they both have to go back before the DRC to clear up some issues.

[micropundit]

Mayor Kasim Reed today announced that the City of Atlanta has been awarded a $10 million TIGER grant for the Martin Luther King, Jr. Drive Innovation Corridor Project. The TIGER grant will fund mobility, safety and aesthetic improvements on the seven-mile road from downtown Atlanta to the western limits of the city, enhancing access for the thousands of people who live, work and travel along the corridor.The Martin Luther King, Jr. Drive Innovation Corridor Project is the first of its kind in the U.S. The improvements to the seven-mile street will include synchronized traffic lights, new sidewalks and a multi-use trail with new landscaping, historic signage, street furniture, upgraded crosswalks, distinctive paving with ADA ramps, public art displays at major intersections, improved medians, new street lighting and a pocket park in the median of the road. The project will provide new mobility options and increase access to transit, employment centers and services along the length of Martin Luther King, Jr. Drive and will improve safety for all users of the corridor.Earlier this year, the Atlanta City Council passed legislation authorizing the City to partner with the Georgia Department of Transportation to begin resurfacing along the seven-mile corridor, allowing the City to further extend its resources. The total cost for the full Innovation Corridor Project is $22.9 million; TIGER grant will cover just under half of the full cost.
http://www.atlantaga.gov//index.aspx?page=672&recordid=4630&utm_source=dlvr.it&utm_medium=twitter

[smArTaLlone]

http://www.bizjournals.com/atlanta/news/...tegral-project-eyed-for-martas-arts.html

Rumors are that this will be an impressive (from an urbanism standpoint) multi-tower project.

Atlanta developer Cousins Properties Inc. is expected to present plans for a new development to MARTA’s board of directors Thursday afternoon, according to an agenda released on the transit authority’s website.

MARTA’s board of directors is set to discuss a resolution authorizing negotiations with “Cousins-Integral Central Station LLC” for a parcel at the Arts Center station.

It’s unclear at this point what the project could entail.Atlanta Business Chronicle could not immediately reach a MARTA spokeswoman.

In early 2015, MARTA shared its hopes to see a high-rise residential tower, street-level retail and possibly a hotel developed at the Arts Center station. It could include the possibility of developing the air-rights atop Arts Center, a 6.2-acre station that sits along West Peachtree and 15 th streets behind the Woodruff Arts Center.

[Martinman]

Also there are a couple of new projects that have surfaced andI haven't seen mentioned here.

• 120 Piedmont Avenue
  New student housing development planned for school year Fall 2017, 650 student beds in 235 student housing units. The same developer as Square on 5th.
  http://www.atlantadowntown.com/go/120-piedmont-student-housing
  
• NCR second tower at the Midtown headquarters campus. Per internal email shared by GeorgiaPeanuts the second tower is expected to open in the first quarter 2019 which means it will likely get under construction no later than early 2017. The tower and the new jobs involved are mentioned in the AJC today.
  http://m.ajc.com/news/business/real-esta...-said-to-be-weighing-1000-job-ga-/nr9Z5/

[smArTaLlone]

http://www.bizjournals.com/atlanta/news/...negotiations-for-four-tower-project.html

Although it's still early in the discussions, the four towers could rise above the 6.2-acre station that sits along West Peachtree and 15th streets behind the Woodruff Arts Center. A platform would be built to house all the transit functions.

The project could incorporate residential, office and retail space, and possibly a hotel.

“The real opportunity is to do something really creative,” said MARTA CEO Keith Parker. “We don’t want this one to look like a cookie-cutter TOD [transit-oriented development]. We are going to work very hard over the next couple years.”

The project could rival in size Lindbergh City Center, but it would likely be more dense.

It could also be MARTA’s first project where it develops the air rights over one of its stations.

“Most excitingly for us, it creates a built-in customer base,” Parker said. “By the time this is all done, we think we’ll have created new jobs, made the neighborhood better and bring back a little more money to MARTA as well.”

MARTA expects to spend the next year negotiating a term sheet with Cousins and Integral. A project could break ground in about two years.

“It’s a complex project that requires a development team that has significant experience in this space,” Parker said. “It’s not just a project that anyone can take on.”

Arts Center “is going to be a transformational redevelopment opportunity,” said Noel Khalil, CEO of Columbia Residential.

[smArTaLlone]

This is even worse than the original rendering.

The hotel is anticipated to open in spring 2018

[jpk1292000]

[QUOTE=smArTaLlone;7523044]This is even worse than the original rendering.

Barely better than a parking lot