ATLANTA | Development Thread VI

[Atlanta3000]

The Campanile - 1155 Peachtree Street Expansion

I just heard from a friend The Campanile expansion is moving forward and the building is expanding from 446,000 sqft to 637,125 sqft. No idea how much is additional office vs. retail.

[Pemgin]

Now there's a project to be skeptical about.

[Atlanta3000]

Originally Posted by Pemgin

Now there's a project to be skeptical about.

If Dewberry owned only 1 building, that would be 1 more than OHM - just sayin'.

Dewberry Enters New Partnership For New Leasing Energy On Atlanta Portfolio

A former Tishman Speyer Atlanta executive is partnering with Dewberry Capital in a new venture that aims to fill up Midtown's Campanile building. Dewberry — founded by former Georgia Tech quarterback and developer John Dewberry — tapped Atlantic Capital Properties CEO Jim Meyer to lease two significant office properties in Atlanta, including at Campanile, the 446K SF office tower Dewberry purchased in 2010 for $35M, according to the Atlanta Business Chronicle. While Dewberry purchased the 20-story tower for a fraction of its previous price tag, the building has remained stuck at about 50% leased, the Chronicle reports. In the new partnership, Dewberry granted Meyer — Tishman Speyer's former managing director in Atlanta who helped to develop One and Two Alliance Center, as well as kicking off Three Alliance Center before venturing out on his own — autonomy in leasing both Campanile and Peachtree Pointe, another significant Dewberry holding. Meyer's Atlantic Capital Properties also plans to partner with Dewberry on the remaining undeveloped parcels in Midtown.

Read more at: https://www.bisnow.com/atlanta/news/offi...?utm_source=CopyShare&utm_medium=Browser

[Pemgin]

Strange that they want to add square footage when it's only 50% leased, but more power to them.

[Ant131531]

Would love for the taller tower to actually get built....one useless parking garage gone.

[ATLmangum]

Can anyone please confirm the height of Opus No2?

[1lifealex]

Originally Posted by ATLmangum

Can anyone please confirm the height of Opus No2?

It's supposed to be 690 ft tall

[Atlanta3000]

Random

3002 Peachtree
Across the street from Modera Buckhead and The Suttom.

http://livablebuckhead.com/wp-content/uploads/2017/07/3002-Peachtree-SPI9-LBI-6-2017.pdf

Video Link

5775 Glenridge Dr NE

Video Link

West Midtown Residential Tower

[Atlanta3000]

• Video Link

[3yonce]

Originally Posted by Atlanta3000

West Midtown Residential Tower

Is that the 18-story tower at the King Plow address? Any idea how it fits into the site?

[GeorgiaPeanuts]

Originally Posted by Atlanta3000

The Campanile - 1155 Peachtree Street Expansion

I just heard from a friend The Campanile expansion is moving forward and the building is expanding from 446,000 sqft to 637,125 sqft. No idea how much is additional office vs. retail.

It says on the image that the office once expanded will be ~611,000sq ft so the rest would the retail expansion.

[Atlanta3000]

Originally Posted by GeorgiaPeanuts

It says on the image that the office once expanded will be ~611,000sq ft so the rest would the retail expansion.

That picture is over a year old. So I don't know if anything has changed. Also I think the condo/hotel may part of the mix. I heard the hotel is a West Elm. It should be announced in the next couple weeks.

[L.ARCH]

Originally Posted by Atlanta3000

That picture is over a year old. So I don't know if anything has changed. Also I think the condo/hotel may part of the mix. I heard the hotel is a West Elm. It should be announced in the next couple weeks.

West Elm the furniture company?

[tdawg]

West Elm has been slowly making its way into the boutique hotel industry: https://www.cntraveler.com/story/west-elm-hotels-is-revolutionizing-the-hotel-industry

[Atlanta3000]

Originally Posted by L.ARCH

West Elm the furniture company?

Yes
http://www.myajc.com/blog/talk-town/west...orgia-and-beyond/cqkwEthZrXxWHZAWAulTOM/

[daharris80]

Originally Posted by L.ARCH

West Elm the furniture company?

Actually, yes. They have a boutique hotel business. https://www.bloomberg.com/news/articles/2016-09-27/will-anyone-want-to-stay-in-a-west-elm-hotel

Edit: I lose.

[L.ARCH]

https://www.bizjournals.com/atlanta/news...tners-has-prime-midtown-property-at.html

I wonder if this means that mixed use project from a while ago is back from the dead?

[Street Advocate]

Originally Posted by Atlanta3000

The Campanile - 1155 Peachtree Street Expansion

I just heard from a friend The Campanile expansion is moving forward and the building is expanding from 446,000 sqft to 637,125 sqft. No idea how much is additional office vs. retail.

To be clear- this just means expansion of the existing building of 446k sq ft to 637 sq ft (change in ~190k sq ft)? No movement on the New towers, correct? I’d much rather see the new apartment tower go up

[Atlanta3000]

Originally Posted by Street Advocate

To be clear- this just means expansion of the existing building of 446k sq ft to 637 sq ft (change in ~190k sq ft)? No movement on the New towers, correct? I’d much rather see the new apartment tower go up

The person I know saw a document showing 1155 Peachtree sqft increased to 637,125K and another building. He said he thought it was hotel with a West Elm Logo. No mention of condos, but he said he could have overlooked that.

[Atlanta3000]

Originally Posted by 3yonce

Is that the 18-story tower at the King Plow address? Any idea how it fits into the site?

The computer program I wrote just picked it up as a new photo added in the last 5 days. So I do know anymore than you know.