ATLANTA | Development Thread VI - Page 253

Street Advocate · #**5041** Posted **Sep 16, 2017, 6:27 PM**

Northside hospital is topped out, FYI

Atlanta3000 · #**5042** Posted **Sep 16, 2017, 8:04 PM**

Quote:

Originally Posted by RocketSurgeon

Those student housing units are $2-3 psf too. Prices seem low because the units are small and rented out by bedroom, not as a whole. The four bedroom units are about 1500 sq ft and the leases add up to $4000 a month. The finishes and construction are about as basic as it gets--some of the walls aren't even finished in University House, it's just bare concrete. Students aren't getting any special deal by living there, it's just small and not particularly nice. Beats a dorm, though.

My point is there is not a luxury apartment tower/building built to date that has an amenity deck with pool, bar, outdoor tv and putting green as nice as The Standard...and it is for college kids!!!

Atlanta3000 · #**5043** Posted **Sep 16, 2017, 8:54 PM**

14th & Spring - Midtown Atlanta

14th & Spring is designed to be a 250,000 square foot, ten story Class “A+” office building. 14th & Spring will be part of a mixed use project that will include, a 330 unit, 12 story residential tower and 15,000 square feet of ground floor retail. 14th & Spring will be located at the southeast quadrant of the Downtown Connector and 14th St., within walking distance of the Arts Center Marta station. The building will enjoy unparalleled visibility and vehicular access along Spring St., Williams St. and 14th St. The project sits directly across Spring Street from the new 70,000sf flagship Whole Foods Market that will open in 2018.

RocketSurgeon · #**5044** Posted **Sep 16, 2017, 9:03 PM**

Quote:

Originally Posted by Atlanta3000

My point is there is not a luxury apartment tower/building built to date that has an amenity deck with pool, bar, outdoor tv and putting green as nice as The Standard...and it is for college kids!!!

Actually that kind of list seems like a bare minimum these days. I think Modera's amenities are better.

Libertarian · #**5045** Posted **Sep 17, 2017, 3:40 AM**

I'm guessing that the marketing focus of the Spring St. Standard will be the kids of comfortable and wealthy 1% parents. The average Tech student will continue to inhabit the dorms or Home Park lodging. Also, Greek-lettered fraternities these days seem less a draw than heretofore to the truly wealthy. I suspect some loaded Georgia State and even Kennesaw parents may also sign leases for their loved ones. Those two schools have more than 80,000 students between them...the most wealthy 1% would thus comprise some 800 students in addition to Tech. In other words there's a market for collegiate luxury accommodation and it's going to be successful. Do I think it's good for cross-economic strata diversity? No, but the wealthy have always sought to mix and mingle among themselves. Let me know if you disagree.

montydawg · #**5046** Posted **Sep 17, 2017, 4:32 AM**

Quote:

Originally Posted by Libertarian

No, but the wealthy have always sought to mix and mingle among themselves. Let me know if you disagree.

I agree. The thought of one's daughter considering mating with a mere plebeian is quite unbearable, don't you think?

RocketSurgeon · #**5047** Posted **Sep 17, 2017, 4:40 AM**

Quote:

Originally Posted by Libertarian

The average Tech student will continue to inhabit the dorms or Home Park lodging.

Dorms are $4-5k per semester, basically the same as the apartments.

Atlanta3000 · #**5048** Posted **Sep 17, 2017, 2:24 PM**

Georgia World Congress Center Future Campus

• Video Link

Martinman · #**5049** Posted **Sep 17, 2017, 2:47 PM**

Quote:

Originally Posted by RocketSurgeon

Dorms are $4-5k per semester, basically the same as the apartments.

Exactly. The reason these developments fill up instantly is they are comparable to and in some instances cheaper than on-campus dorms.

Libertarian · #**5050** Posted **Sep 17, 2017, 4:08 PM**

Quote:

Originally Posted by montydawg

I agree. The thought of one's daughter considering mating with a mere plebeian is quite unbearable, don't you think?

There's too much income inequality and it's been caused by government policy. The rich get richer.

testarossa50 · #**5051** Posted **Sep 17, 2017, 4:21 PM**

Quote:

Originally Posted by Libertarian

I'm guessing that the marketing focus of the Spring St. Standard will be the kids of comfortable and wealthy 1% parents. The average Tech student will continue to inhabit the dorms or Home Park lodging. Also, Greek-lettered fraternities these days seem less a draw than heretofore to the truly wealthy. I suspect some loaded Georgia State and even Kennesaw parents may also sign leases for their loved ones. Those two schools have more than 80,000 students between them...the most wealthy 1% would thus comprise some 800 students in addition to Tech. In other words there's a market for collegiate luxury accommodation and it's going to be successful. Do I think it's good for cross-economic strata diversity? No, but the wealthy have always sought to mix and mingle among themselves. Let me know if you disagree.

You're totally missing the international angle here, and the face that Tech's students are very often out of state. These sorts of apartments are much less common in Athens, even though UGA is larger. Tech students are a lot less likely to drive to college and must fly from far away instead. Having a car is a logistical challenge and expensive. Home Park is dangerous (or is perceived that way).

These apartments are the path of least resistance for many people, and the $1,000/mo rent check liquidates a lot of the headaches they'd otherwise incur.

megalopolis · #**5052** Posted **Sep 17, 2017, 5:54 PM**

Has anyone posted yet about Dowling at the Park at 238 14th street? There's a sign up at the property with the website dowlingatthepark. 8 flats starting at $1,650,000 delivering January 2019.

Atlanta3000 · #**5053** Posted **Sep 17, 2017, 6:04 PM**

Quote:

Originally Posted by megalopolis

Has anyone posted yet about Dowling at the Park at 238 14th street? There's a sign up at the property with the website dowlingatthepark. 8 flats starting at $1,650,000 delivering January 2019.

I haven't but they have a website.

https://www.dowlingatthepark.com

Street Advocate · #**5054** Posted **Sep 17, 2017, 6:08 PM**

Quote:

Originally Posted by megalopolis

8 flats starting at $1,650,000 delivering January 2019.

Is... is this a joke?

ATL_J · #**5055** Posted **Sep 17, 2017, 11:33 PM**

Quote:

Originally Posted by Atlanta3000

My point is there is not a luxury apartment tower/building built to date that has an amenity deck with pool, bar, outdoor tv and putting green as nice as The Standard...and it is for college kids!!!

There are a lot nicer than The Standard. This is pretty low-level build out compared to most Class A stuff targeted at non-students.

Atlanta3000 · #**5056** Posted **Sep 18, 2017, 12:39 AM**

Quote:

Originally Posted by ATL_J

There are a lot nicer than The Standard. This is pretty low-level build out compared to most Class A stuff targeted at non-students.

Go to 0:27 in the video and help me understand what makes this project relatively "low-level" compared to other new luxury apartments. In my opinion The Standard has the largest amenity deck of any project I am aware of.

Video Link

Atlanta3000 · #**5057** Posted **Sep 18, 2017, 12:45 AM**

Quote:

Originally Posted by Street Advocate

Is... is this a joke?

No shit SA, unfortunately the joke will be on us when it sells out before ground is broken. Seriously, prices in Atlanta seem to be approaching our counterparts up north.

AtlHeel · #**5058** Posted **Sep 18, 2017, 1:22 AM**

The design shown in the video looks lots better than the original one. I hated it intially but think it will be an asset to that area.

PhunkyPho · #**5059** Posted **Sep 18, 2017, 1:49 AM**

Quote:

Originally Posted by Atlanta3000

Go to 0:27 in the video and help me understand what makes this project relatively "low-level" compared to other new luxury apartments. In my opinion The Standard has the largest amenity deck of any project I am aware of.

Video Link

Golf balls/roof/college students do not mix. It will take about 2 minutes before someone says, "Let's see how far you can hit it."

Martinman · #**5060** Posted **Sep 18, 2017, 11:19 AM**

Quote:

Originally Posted by testarossa50

You're totally missing the international angle here, and the face that Tech's students are very often out of state. These sorts of apartments are much less common in Athens, even though UGA is larger. Tech students are a lot less likely to drive to college and must fly from far away instead. Having a car is a logistical challenge and expensive. Home Park is dangerous (or is perceived that way).

These apartments are the path of least resistance for many people, and the $1,000/mo rent check liquidates a lot of the headaches they'd otherwise incur.

Oh there are several of these ( at least four) that have been built in and around downtown Athens in recent years.

RE Dowling :

I like this a lot better than the original proposal for the site.