ATLANTA | Development Thread VI - Page 125

Street Advocate · #**2481** Posted **Mar 10, 2017, 9:27 PM**

Quote:

Originally Posted by jwbab

There will be no Midtown Development Review Committee Meeting this month. That's two months in a row.

ughghgghhgghgh

BunkyWay · #**2482** Posted **Mar 10, 2017, 10:04 PM**

This development cycle is ending.

RocketSurgeon · #**2483** Posted **Mar 10, 2017, 11:07 PM**

My gut says Atlanta has outgrown on/off development cycles. We'll bounce between having a lot of development and a moderate amount, but I don't see it completely stopping ever again unless there's another economic catastrophe. It's too strong of a market now--it's in its own category for this region, really.

Street Advocate · #**2484** Posted **Mar 10, 2017, 11:13 PM**

Lots of ground activity going on at Whole Foods and north side MOB in midtown.

atlwarrior · #**2485** Posted **Mar 11, 2017, 1:40 AM**

Of course, the development cycle is not over for Midtown, but what a run and a breather is definitely needed. No one would have ever predicted this run.

L.ARCH · #**2486** Posted **Mar 11, 2017, 2:07 AM**

I'm hopeful a few more will start before the cycle slows to a halt; SLS, the other 13th street tower, and maybe 1105 West Peachtree? That would be a nice way to wrap up this round of development IMO.

jwbab · #**2487** Posted **Mar 11, 2017, 2:45 AM**

Quote:

Originally Posted by L.ARCH

I'm hopeful a few more will start before the cycle slows to a halt; SLS, the other 13th street tower, and maybe 1050 West Peachtree? That would be a nice way to wrap up this round of development IMO.

With respect to the Lennar 195 13th Street tower, Fulton county property records show Lennar closed on both the 13th street properties and their economic development bonds with the Fulton County Development Authority this week.

With the tenants in the subject properties all moved out and the demolition permits ready to issue, this one could get started any day now.

Vaden · #**2488** Posted **Mar 11, 2017, 3:08 AM**

I don't know whether or not it is ending, but it is definitely going into a slowdown. I think a lot of builders are waiting to take a look at the economic readers in the near future before they launch. It's looking like a bit of a pause, but a few others may start in Midtown.

On the other hand, development seems to be increasing in Buckhead and several suburbs. Buckhead Village is on fire right now, while the other Buckhead up the road seems to be slowing. The list for Buckhead Village is long: The townhouses on Andrews Dr., Hanover Buckhead, The Sutton, Modera Buckhead, Solis Peachtree, Gables Buckhead, 359 E. Paces Ferry, Hanover East Paces, Alexan Pharr Rd., the Aaron's conversion, plus the possibility of the Charles and the Emerson starting. This is a vast array of development for such a small district, touching nearly every block. Not to mention the MANY projects going on in Cumberland, Sandy Springs, and Alpharetta. I would argue that Atlanta development is changing from just high rises to more human scaled developments all over large parts of the metro. This development boom has been different for sure.

jwbab · #**2489** Posted **Mar 11, 2017, 3:11 AM**

These are the major projects in Midtown that have been announced this cycle but have not broken ground:

Opus No. 2 (98 14th Street) - Sales Center expected to open in April
Yoo on Peachtree (1138 Peachtree) - No significant action on permits since 2014 - went before DRC with revised plan mid-2016
Peachtree at 17th (The Simpson Organization Project) - From what I understand this one is dead
SLS Atlanta Hotel & Residences (1122 Crescent) - Still expected to open in 2019 per company website - recent progress on demolition permits
Eviva Peachtree (811 Peachtree) - Land development permit ready to issue since July 2015; Vertical build permit marked as "terminated" September 2016; no permit activity since
1105 West Peachtree - Recently announced -
Campanile Expansion - No significant activity since announcement
195 13th Street - See my last post - could start any day now
Hampton Inn & Suites (1231 W Peachtree) - Site demolition completed about a year ago - no site activity or permit activity since
640 Peachtree Hotel - no significant activity since initial announcement - I have seen site on some websites recently as being marketed for sale - This one may have been scrapped
Juniper & 5th - Demolition permits issued this week
Spring House (SCAD) - Nothing
Colony Square - Recent DRC presentation - No site activity that I am aware of
Emory Proton Treatment Center - Recent Presentation before Invest Atlanta indicates they expect it to be operational by the end of 2017 with full ramp up early 2018 - it seems they have resolved or are about to resolve their financing issues

RATBOYKEV · #**2490** Posted **Mar 11, 2017, 3:26 AM**

Quote:

Originally Posted by jwbab

Colony Square - Recent DRC presentation - No site activity that I am aware of

NAP is targeting a November 17 start date and pre-leasing has gone "great" according to their representative I spoke to yesterday.

One ATLien · #**2491** Posted **Mar 11, 2017, 4:07 AM**

I think the Charles is going to break ground soon. I noticed the Fish Hawk store on site completely empty on the inside the other night

One ATLien · #**2492** Posted **Mar 11, 2017, 4:13 AM**

Quote:

Originally Posted by RATBOYKEV

NAP is targeting a November 17 start date and pre-leasing has gone "great" according to their representative I spoke to yesterday.

That's much later then I expected, I thought they would have started by now.. Did they not want to open by summer of next year in time for the 50th anniversary? Seems unlikely now

atlwarrior · #**2493** Posted **Mar 11, 2017, 5:54 PM**

Hopeful this brief slow down will see if Midtown Atlanta qualifies for something super tall. I love density, but the 20 to 30 type story building is getting old. I think leasing demand will remain high and some excellence quality projects will be announced in the future.

Street Advocate · #**2494** Posted **Mar 11, 2017, 6:21 PM**

Quote:

Originally Posted by atlwarrior

Hopeful this brief slow down will see if Midtown Atlanta qualifies for something super tall. I love density, but the 20 to 30 type story building is getting old. I think leasing demand will remain high and some excellence quality projects will be announced in the future.

I agree- would be nice to see some improved quality projects proposed and off the ground. A few taller projects would be nice. I also hope it means better design standards can be implemented for the city as a whole. Time Keane's planning updates will take a while to implement, but here's hoping we can see real progress in the time being. Reduced parking requirements for example would be a fantastic start.

As for what's already proposed, I want to see 1105 W Peachtree get off the ground the most. I think it would be huge in connecting more of Midtown west of Peachtree and between Arts Center and Midtown station. W. Peachtree could transform into everything the slew of parking decks along Spring Street in the same vicinity is not. 195 13th/Lennar I'm okay with, although I wish it was taller for more views of Piedmont and I'd rather see rooftop amenities instead of them on a parking deck. Throw in SLS and/or Yoo/1138... well... it will make Midtown that much more of an urban, walkable neighborhood. I think there will be a big push and pull of which neighborhoods are most interesting to live in the next decade or so between Midtown and those along the EST. West Midtown is great too, I just find it too disconnected at the time being with no park and limited transit between it and other nearby destinations.

tdawg · #**2495** Posted **Mar 11, 2017, 9:50 PM**

With San Francisco, Los Angeles, Philadelphia (and Miami I believe) putting up towers taller than Bank of America Plaza, I'd love to a really iconic supertall proposed for Atlanta in the near future.

Driver8 · #**2496** Posted **Mar 13, 2017, 12:07 AM**

Driving around Midtown today I saw a couple major construction sites that are in the early stages, but I'm not sure what projects are going up there.

Could someone identify the projects?

1. On Williams Street at 16th Street, just before the ramp leading to I75. Looks like vertical construction recently began.

2. On West Peachtree Street a large parcel has been cleared on the left side of the road, adjacent to the NCR site. Is that phase 2 of NCR or something else?

West Peachtree · #**2497** Posted **Mar 13, 2017, 12:14 AM**

Quote:

Originally Posted by Driver8

Driving around Midtown today I saw a couple major construction sites that are in the early stages, but I'm not sure what projects are going up there.

Could someone identify the projects?

1. On Williams Street at 16th Street, just before the ramp leading to I75. Looks like vertical construction recently began.

2. On West Peachtree Street a large parcel has been cleared on the left side of the road, adjacent to the NCR site. Is that phase 2 of NCR or something else?

Can't help on # 1 but but on the left side of West Peachtree at 7th…....

http://www.bizjournals.com/atlanta/real_...ammel-crow-residential-to-redevelop.html

Driver8 · #**2498** Posted **Mar 13, 2017, 12:21 AM**

Quote:

Originally Posted by West Peachtree

Can't help on # 1 but but on the left side of West Peachtree at 7th…....

http://www.bizjournals.com/atlanta/real_...ammel-crow-residential-to-redevelop.html

Ah, that's definitely it - thanks

Street Advocate · #**2499** Posted **Mar 13, 2017, 12:27 AM**

Quote:

Originally Posted by West Peachtree

Can't help on # 1 but but on the left side of West Peachtree at 7th…....

http://www.bizjournals.com/atlanta/real_...ammel-crow-residential-to-redevelop.html

1270 Spring is the other project

http://www.bizjournals.com/atlanta/real_...s-joins-other-developers-betting-on.html

rgreen2206 · #**2500** Posted **Mar 13, 2017, 12:38 AM**

Quote:

Originally Posted by tdawg

With San Francisco, Los Angeles, Philadelphia (and Miami I believe) putting up towers taller than Bank of America Plaza, I'd love to a really iconic supertall proposed for Atlanta in the near future.

The best location for an impactfull supertall would be Dewberry's 10th St. location. But as he is only 52 and may live to be 82, We could be waiting 30 years. Where is Coca-Cola? They could build a huge project in Midtown if they ever deign to relocate. It will take a major corporate move or relocation to get to the kind of statement that Comcast is making in Philadelphia. It is great to see the infill and street level development. But is 22 stories what gets you excited? I want to see both.