ATLANTA | Development Thread VI

[DWNTWN]

[QUOTE=Street Advocate;7582526]

That view is something else. The infinity pool into Piedmont Park is a cool feature. I will have to go check out the pics on facebook.

Someone posted earlier that Midtown still has 25% of its land left to develop. Add that to what Downtown has, and we could have a monster of a city on our hands in a decade or two. Exciting times, and fun to watch all of the construction. I will try to get some pics of the other projects soon hopefully. Post Centennial, while not a tower, is starting to come out of the ground. I am interested to see how well those rent, and how soon the student housing across the street starts construction.

[NickH]

Originally Posted by Ant131531

Does anyone know if Hanover Peachtree has all of their permits yet because it's taking a long time for it to break ground. In a market where apartments are starting to get oversaturated, you'd think developers would be quick to get started on projects once they have their necessary permits.

Buildout continues for their leasing office in Viewpoint so this building is still a go.

[Atlanta3000]

Originally Posted by NickH

Buildout continues for their leasing office in Viewpoint so this building is still a go.

That makes me think it might go condo.

Aren't most apartment pre-leasing offices on the ground floor because it is the first floor to complete even when the rest of the building is still under construction? Not to mention, why open a leasing office 1.5 - 2 years before move-ins? What Moran would sign that lease when 1,000's of units will be delivered in that time frame?

[jwbab]

Originally Posted by NickH

Buildout continues for their leasing office in Viewpoint so this building is still a go.

Originally Posted by Atlanta3000

That makes me think it might go condo.

Aren't most apartment pre-leasing offices on the ground floor because it is the first floor to complete even when the rest of the building is still under construction? Not to mention, why open a leasing office 1.5 - 2 years before move-ins? What Moran would sign that lease when 1,000's of units will be delivered in that time frame?

The buildout at the Viewpoint building is for their construction office. As the project gets closer to completion it will probably also serve as the leasing office.

[GeorgiaPeanuts]

http://www.loopnet.com/Listing/19991340/1080-Peachtree-Street-NE-Atlanta-GA/

Looks like 1010 Midtown is looking to lease the CB2 space finally. Disappointed that store was gone.

[GeorgiaPeanuts]

Originally Posted by Atlanta3000

Amen. Piedmont Hospital in Buckhead is 3rd World compared to healthcare facilities throughout Atlanta. You would think by 2016 every hospital would have touchless sinks and urinals - not here.

Furthermore, I was at the Georgia World Congress Center a couple of weeks ago and the bathrooms their smelled like a f'en farm. I know they have their eyes on expansion, but I would suggest they "clean up" what they already have before taking on more.

A new render of the new facility

Piedmont Atlanta Hospital is moving full speed ahead on its new $603 million bed tower and campus renovation project.

The project includes major renovations to the hospital's main campus, the addition of 114 general hospital beds and the construction of a new 16-story tower at the corner of Peachtree and Collier roads.

If the project is approved, Piedmont will begin demolishing the Sheffield Building at the beginning of next year and begin construction on the new tower three months later. The multi-phased build will take a decade to complete. The first phase of the project, which will span from 2017 to 2021, will cost $465 million. The second phase, from 2022 to 2026, will cost an estimated $138 million.

http://www.bizjournals.com/atlanta/news/...pIzUgtqg08a71728&t=1475613069&j=76001611

[sbrptree]

Originally Posted by GeorgiaPeanuts

A new render of the new facility




http://www.bizjournals.com/atlanta/news/...pIzUgtqg08a71728&t=1475613069&j=76001611

Nice but looks like 1/2 of the Watergate Building in DC

[briantech]

I think it looks cool

[Jarod Apperson]

I'm feeling optimistic about Yoo on the Park's deck screen. They have the plants placed in. I think once they have some time to establish, it should make for a nice green wall.

[boomtown]

Interesting....
http://atlanta.curbed.com/2016/10/5/1316...onstruction-possible-integral-group-sale

[GeorgiaPeanuts]

Eviva Peachtree land changed hands. http://atlanta.curbed.com/2016/10/5/1316...onstruction-possible-integral-group-sale

Also the New Construction permit was terminated on 09/30. Good or bad, dunno

[sbrptree]

Originally Posted by GeorgiaPeanuts

Eviva Peachtree land changed hands. http://atlanta.curbed.com/2016/10/5/1316...onstruction-possible-integral-group-sale

Also the New Construction permit was terminated on 09/30. Good or bad, dunno

Does not sound like they are going forward if they pulled their application....or perhaps will submit another revised application at some future date? We all may be pushing up daisies before anything happens on this lot!

[BlueSangha]

Originally Posted by sbrptree

Does not sound like they are going forward if they pulled their application....or perhaps will submit another revised application at some future date? We all may be pushing up daisies before anything happens on this lot!

Bet Dewberry bought it.

[pksiv]

Originally Posted by sbrptree

Does not sound like they are going forward if they pulled their application....or perhaps will submit another revised application at some future date? We all may be pushing up daisies before anything happens on this lot!

According to that story on Curbed, "While the proposal was being floated by the Integral Group, it seems they may not have controlled the land; the news of the sale states that Integral Group has only now purchased the 1.4-acre tract." so hopefully it's still a go.

[Martinman]

Originally Posted by sbrptree

Does not sound like they are going forward if they pulled their application....or perhaps will submit another revised application at some future date? We all may be pushing up daisies before anything happens on this lot!

Not necessarily. They could be changing what they filed in the permit. Hanover did something similar when they terminated a multi-family new construction permit which was for the foundation work only. Eviva's new construction permit appeared to be for foundation work and the garage. Both may have been advised that it was better to file a single new construction permit for the entire project.

That's just speculation but If you look at the now terminated permit, there had been some recent activity and some approvals were due today. For this reason, I do feel somewhat confident that Eviva is moving inching forward.

[bryantm3]

Originally Posted by Atlanta3000

Amen. Piedmont Hospital in Buckhead is 3rd World compared to healthcare facilities throughout Atlanta. You would think by 2016 every hospital would have touchless sinks and urinals - not here.

damn. we have very different standards! i went to the ER at piedmont a couple of weeks ago and thought it was the fanciest hospital i have ever been to.

[jwbab]

Link : Developers of Midtown's 98 Fourteenth Street tower to ramp up pre-sales

Today's Article from Atlanta Business Chronicle:

The 382 luxury condos would sell for up to $1,000 a square foot, meaning some of the largest units may list for more than $2.2 million.

The project would need significant pre-sales to break ground.

[Libertarian]

Does anybody believe a non-local, lightweight developer and investor is going to achieve any significant pre-sales on expensive condos? I'd have to see it to believe it. This deal has seemed shady from the beginning.

[DNR]

Proton Therapy Center Update

http://atlanta.curbed.com/2016/10/6/13182074/emory-proton-therapy-center-moving-forward

[atlwarrior]

Originally Posted by jwbab

Link : Developers of Midtown's 98 Fourteenth Street tower to ramp up pre-sales

Today's Article from Atlanta Business Chronicle:

So my intrepration they couldn't secure financing and will take this plan of pre sold units to the bank.