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Originally Posted by ATLonthebrain
I'm surprised more people aren't commenting on the major internal announcement NCR just made about immediately committing to the 2nd Midtown tower and how many more jobs it'll bring to the heart of the city and help further ignite the residential boom in the area. This announcement could mean a couple more of the announced towers gain or at least maintain momentum in the development pipeline and come out of the ground next year. Talk about a vote of confidence in where things are going intown..hats off to NCR!! And the interview with Hanover really sets the tone as well for further intown growth. Such an incredibly exciting time for what I'm going to start calling ITB: Inside the Beltline..haha
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This is huge for Midtown getting another tower. But it doesn't mean that it will bring more residents. If anything it will for sure bring more traffic. That being automobile traffic...but hopefully more patrons for restaurants not only during the day, but to linger over for happy hour and dinner. Some people have the misconception that a company moving from the burbs to the city, that its employees will be moving to the city as well. The fact is that a lot of these employees have families with kids, and these are the people that spur the growth of our surrounding suburbs like Dunwoody, Alpharetta, Duluth, etc. They are not packing up and moving to a 2 bedroom apartment/condo in the city.