ATLANTA | Development Thread VI

[sbrptree]

Originally Posted by jwbab

Sources: Starbucks said to be considering Atlanta for large office

https://www.myajc.com/business/sources-s...for-large-office/cXnwg59oc3ZT2LAT2eOQ0J/

Starbucks doesn't start with a "G"

[skyscraperpage17]

Apparently, Facebook was also interested in Fayette County (Fayetteville) for their Data Center.

http://thecitizen.com/2018/03/13/really-big-one-got-away/

It's a shame. That would have been a huge score for the Southside. The same — happened with Great Wolf Lodge too.

Coweta / Fayette / Henry Counties need to do better jobs at courting non-industrial / manufacturing investment if they expect to compete with other parts of the Metro area in attracting younger / wealthier / more educated residents.

[PhunkyPho]

Originally Posted by sbrptree

Starbucks doesn't start with a "G"

It does in German.

[Street Advocate]

ABC included an article about possible 5,000 job Google operations center. Dallas, Boston, Chicago, and Atlanta were all reported in the running.

[pica]

It's odd, the story is on the homepage but the link to the article is a 404.

[sbrptree]

Originally Posted by pica

It's odd, the story is on the homepage but the link to the article is a 404.

My guess is that they accidentally pulled an older article or story (same as the Chicago one I posted dated Jan 2018). It is now off the homepage too. Give it until 6 am or so... I have faith in Atlanta3000...plus Google starts with a "G" in English!

[Ant131531]

Report: Google considering Atlanta for up to 5,000-job ‘operations center’


https://www.bizjournals.com/atlanta/news...-consideringatlanta-for-up-to-5-000.html

Google Inc. is said to be eyeing Atlanta for an “operations center” that could create up to 5,000 jobs.

Atlanta, apparently, has stiff competition from some usual suspects, including Chicago, Boston and Dallas.

Mountain View, Calif.-based Google (Nasdaq: GOOG) is in “advanced discussions with Chicago officials…about opening an operations center that could include administrative, research, support and other personnel for Google,” Crain’s Chicago noted, citing anonymous sources.

“They’re looking for something big and off of the West Coast,” the business publication said, identifying Boston, Dallas and Atlanta as other markets Google was in negotiations with for the expansion. The operations center could house 1,000-to-5,000 people.

Meh, personally I thought this announcement would be full confirmation Google chose Atlanta, but they're just "considering". We've already known this.

Let's hope we win one of the big tech company expansion. Obviously, Amazon is the biggest one, but I wouldn't mind Google or Apple as well.

[alco89]

Ahh boo! That's just telling us what we already knew 2+ months ago.

[JMKeynes]

Honestly, this isn’t big news. Google’s No. 2 location is NY, where it owns around 3m sf (that’s right 3 million) in the Meat Packing District.

That behind said, as Atl is my favorite city in the SE other than Miami, I hope that Google anchors a new tower in Atl.

[Atlanta3000]

The back story is things are definitely further along than the articles alludes to. Google has zeroed in on a couple locations: Quarry Yards, 760 Ralph McGill and Atlantic Station. Additionally there are a — load of other deals in various stages. At least 2 corporate relocations (not Amazon or Apple) and 20 other tech companies (mostly from outside of Atlanta) looking at Midtown, Buckhead and Beltline for spaces.

Don't believe the Amazon news either because Atlanta is still the front runner. From what I am hearing, Amazon/CoA has focused site selection on the Gulch and they are seriously looking at The Stitch. Also I found further evidence Amazon was looking at Atlanta in early 2016. Furthermore, I believe these early discussion are what lead the CoA to start the feasibility study on The Stitch. Not to mention, the 4.1 acre site at 3rd & Ponce was taken off the market and the ABC cannot get anyone on record to comment if the site was sold. It is also worth noting Cousins Properties owns 3+ acres surrounding AT&T's West Peachtree building. Additionally, Cousins Properties hired the engineering company that designed The Stitch for "Corporate Master Planning + Design Services (see link below) Q2 2016. So if I was a betting person I think The Stitch is probably where Amazon will land.

I posted a tweet from Kasim Reed sometime late last year where he said Atlanta would see $5 Billion in developments coming in the next 3 years. All signs are pointing to data points confirming he was not just talking —. Just look at the dialogue going on at the State and Local level concerning mass transportation and parks. I have lived in Atlanta since 2004 and these subjects never made headlines. Also follow the money. Developers have proposed massive developments at the Gulch, Summerhill, Underground, Newport South Downtown, PCM expansion, 760 Ralph McGil, Star Metal (31 acres now), MetLife, Quarry Yard, Atlantic Station....it's off the f'en charts.

Exciting times in Atlanta folks!

http://cousinsproperties.com/sites/default/files/Jacobs%20Quals%20Corp%20Campus%20160524.pdf

[JMKeynes]

A campus in the Gulch would be great.

[stepover]

Originally Posted by Atlanta3000

The back story is things are definitely further along than the articles alludes to. Google has zeroed in on a couple locations: Quarry Yards, 760 Ralph McGill and Atlantic Station. Additionally there are a — load of other deals in various stages. At least 2 corporate relocations (not Amazon or Apple) and 20 other tech companies (mostly from outside of Atlanta) looking at Midtown, Buckhead and Beltline for spaces.

Don't believe the Amazon news either because Atlanta is still the front runner. From what I am hearing, Amazon/CoA has focused site selection on the Gulch and they are seriously looking at The Stitch. Also I found further evidence Amazon was looking at Atlanta in early 2016. Furthermore, I believe these early discussion are what lead the CoA to start the feasibility study on The Stitch. Not to mention, the 4.1 acre site at 3rd & Ponce was taken off the market and the ABC cannot get anyone on record to comment if the site was sold. It is also worth noting Cousins Properties owns 3+ acres surrounding AT&T's West Peachtree building. Additionally, Cousins Properties hired the engineering company that designed The Stitch for "Corporate Master Planning + Design Services (see link below) Q2 2016. So if I was a betting person I think The Stitch is probably where Amazon will land.

I posted a tweet from Kasim Reed sometime late last year where he said Atlanta would see $5 Billion in developments coming in the next 3 years. All signs are pointing to data points confirming he was not just talking —. Just look at the dialogue going on at the State and Local level concerning mass transportation and parks. I have lived in Atlanta since 2004 and these subjects never made headlines. Also follow the money. Developers have proposed massive developments at the Gulch, Summerhill, Underground, Newport South Downtown, PCM expansion, 760 Ralph McGil, Star Metal (31 acres now), MetLife, Quarry Yard, Atlantic Station....it's off the f'en charts.

Exciting times in Atlanta folks!

http://cousinsproperties.com/sites/default/files/Jacobs%20Quals%20Corp%20Campus%20160524.pdf

Awesome info and analysis! Hopefully it all comes together. This city will be on a completely different level in 5 years. Exciting times.

[Verge]

Originally Posted by Atlanta3000

The back story is things are definitely further along than the articles alludes to. Google has zeroed in on a couple locations: Quarry Yards, 760 Ralph McGill and Atlantic Station. Additionally there are a — load of other deals in various stages. At least 2 corporate relocations (not Amazon or Apple) and 20 other tech companies (mostly from outside of Atlanta) looking at Midtown, Buckhead and Beltline for spaces.

Don't believe the Amazon news either because Atlanta is still the front runner. From what I am hearing, Amazon/CoA has focused site selection on the Gulch and they are seriously looking at The Stitch. Also I found further evidence Amazon was looking at Atlanta in early 2016. Furthermore, I believe these early discussion are what lead the CoA to start the feasibility study on The Stitch. Not to mention, the 4.1 acre site at 3rd & Ponce was taken off the market and the ABC cannot get anyone on record to comment if the site was sold. It is also worth noting Cousins Properties owns 3+ acres surrounding AT&T's West Peachtree building. Additionally, Cousins Properties hired the engineering company that designed The Stitch for "Corporate Master Planning + Design Services (see link below) Q2 2016. So if I was a betting person I think The Stitch is probably where Amazon will land.

I posted a tweet from Kasim Reed sometime late last year where he said Atlanta would see $5 Billion in developments coming in the next 3 years. All signs are pointing to data points confirming he was not just talking —. Just look at the dialogue going on at the State and Local level concerning mass transportation and parks. I have lived in Atlanta since 2004 and these subjects never made headlines. Also follow the money. Developers have proposed massive developments at the Gulch, Summerhill, Underground, Newport South Downtown, PCM expansion, 760 Ralph McGil, Star Metal (31 acres now), MetLife, Quarry Yard, Atlantic Station....it's off the f'en charts.

Exciting times in Atlanta folks!

http://cousinsproperties.com/sites/default/files/Jacobs%20Quals%20Corp%20Campus%20160524.pdf

Thanks-- Great info-- Lets hope at least some of the rumors are dead on--

[Artemis]

I’m confused.
Is Atlanta competing against Chicago?
Someone earlier shared an article dated Jan 2018 about adavanced talk with Chicago.

[Atlanta3000]

Originally Posted by Artemis

I’m confused.
Is Atlanta competing against Chicago?
Someone earlier shared an article dated Jan 2018 about adavanced talk with Chicago.

Google is looking at Atlanta, Chicago, Boston and Dallas for an operation center. Additionally, Google is opening 7 regional offices similar in size to their Austin and Ann Arbor offices. Either way, the losing cities will most likely see some sort of Google investment.

Since Google doesn't have a significant "technical" presence in Atlanta or Dallas, I would reason these two cities are likely the top targets for the operations center. Given Atlanta has GA Tech, I think we have the best shot.

[BlueSangha]

I agree these are exciting time for Atlanta, but Talk about anticlimactic. Let me know when someone is definitely coming to town, until then, I’ll just assume the race isn’t over.

[Pemgin]

Crane is going up at GSU housing project at 120 Piedmont.

[Atlanta3000]

[Atlanta3000]

[jwbab]

Initial Development of Regional Impact filings were made by (1) MetLife's 17th and Spring and (2) New City's 760 Ralph McGill projects within the past 24 hours.

(1) 17th and Spring:

Approximately 4 acres of mixed-use development with office, hotel, residential and retail land uses.

604,960 SF office, 225-room hotel, 346 residential units, 24,470 SF retail, 31,247 SF food hall

Estimated Project Completion Dates:
This project/phase: 2021
Overall project: 2021

(2) 760 Ralph McGill

This property is a mixed-use project consisting of residential, office, hotel, and retail land uses and is connected to the BeltLine Eastside Trail.

1,100 residential units, 1,100,000 SF office, 200,000 SF retail, 75-room hotel

Estimated Project Completion Dates:
This project/phase: 2023
Overall project: 2023

Piggybacking on Atlanta3000's recent posts, it really feels like we are on the cusp of some big things here in Atlanta over the next 5 years with all the mega-projects announced recently.