ATLANTA | Development Thread VI

[ATL_J]

I hate to be negative, but the Brock Built / DeFoor Ventures development, if they think they're getting $1.80 to $2.25 / SF for apartment rentals, they're on crack. That would be doing better than what projects in much better locations in West Midtown are currently getting. I'm less negative about the townhomes, but $550,000 to $600,000? At that price point you have much better options in less emerging areas.

Anyways, best of luck to them, but I suppose we're at that point in the cycle.

[alco89]

Originally Posted by ATL_J

I hate to be negative, but the Brock Built / DeFoor Ventures development, if they think they're getting $1.80 to $2.25 / SF for apartment rentals, they're on crack. That would be doing better than what projects in much better locations in West Midtown are currently getting. I'm less negative about the townhomes, but $550,000 to $600,000? At that price point you have much better options in less emerging areas.

Anyways, best of luck to them, but I suppose we're at that point in the cycle.

I thought the exact same thing. That's too rich for one of the first ventures into the area.

[Atlriser]

Originally Posted by alco89

I thought the exact same thing. That's too rich for one of the first ventures into the area.

Yes it does seem pricey, but the quick access to downtown and even midtown could be just the selling point. If the south downtown projects get rolling, this developer could make a killing if they market right and sell the quick easy access into the downtown area. Who knows, maybe they are on to something here.

[Libertarian]

Location, Location, Location.

[Atlanta3000]

Originally Posted by Libertarian

Location, Location, Location.

For condo developers YES. However for corporate HQ's it is:

Talent...Incentives...Politics

In that order.

[Ant131531]

I really wish we could go back to talking about Atlanta instead of other cities.

[ConstructDTLA]

Is there a development map for Downtown / Midtown / Buckhead?

Finally getting through all the construction images I took last week, hoping to label them correctly before uploading. For example - what is that big site next to the state capitol building?

[Street Advocate]

Originally Posted by ConstructDTLA

Is there a development map for Downtown / Midtown / Buckhead?

Finally getting through all the construction images I took last week, hoping to label them correctly before uploading. For example - what is that big site next to the state capitol building?

This has most projects/general names for reference, although it's a bit outdated:
http://devmap.io/cities/atlanta/developments

[jwbab]

Midtown DRC Agenda for April 10, 2018:

https://www.midtownatl.com/_files/docs/agenda-041018.pdf

5:00 NEW APPLICATION: Park Modern (1200 14th Place)
Project Type: Demolition of existing residential for 13 new residential units of 29,673 s.f. including one row of 9 units and one row of 3 units constructed as attached 4 story townhouses. Each of the five 3 bedroom units and eight 4 bedroom units is accessible by foot via a central 4’-0” walkway. Parking is provided at 2 spaces per unit (26 total) accessible in the rear via two existing alleys on each side of the site. Also, a 6,000 s.f. courtyard fronts upon 14th Pl. and would include a lap pool, bocce court and park green. Office of Design are the architects of record.

5:40 NEW APPLICATION: Pershing Point - Commercial Adaptive Reuse (1375 Peachtree St.)
Project Type: Renovation and slight expansion of existing commercial buildings at the northeast corner of Peachtree St. and 17th St. which were most recently renovated in the 1990’s. The work includes a modified lobby, new 3rd floor ‘green’ lounge along with a semi-transparent screen fronting Peachtree St. At grade level, a linear park (that maintains the existing trees on-site) and expanded courtyard along Peachtree St is intended as a common activity filled space accessible by the Peachtree sidewalk. Vehicular access and parking would remain via a rear alley. ASD/SKY are the architects of record.

6:20 NEW APPLICATION: Campanile Building Retail Expansion (1155 Peachtree St.)
Project Type: Commercial expansion of the Campanile building of ~60,400 s.f. for new retail and office fronting 13th St., Juniper St. and 14th St. The addition would infill retail spaces along the periphery of the existing building with 2 story structures with direct pedestrian access. Vehicular access and parking would remain as existing. Smallwood, Reynolds, Stewart, Stewart & Assoc. Inc. (SRSSA) are the architects of record. Long Engineering is the listed civil engineer.

7:00 NEW APPLICATION: 17th & Spring MXD - Mixed-Use (1295 Spring St.)
Project Type: New mixed-use buildings on a 3.8 acre site with a total of ~605,000 s.f. office uses, 255 key hotel, 350 residential units and ~99,500 s.f of retail uses (including grocer and food hall) and partially buried podium parking of ~1,182 spaces. The site would be bifurcated by a separated publicly accessible private street extension of Arts Center Way from the east at West Peachtree St. to Spring St which would serve as the primary access to the buildings. The site also would have full access from Spring St., West Peachtree St. and 16th St. and ingress only from 17th St.. Cooper Carry are the architects of record. Kimley-Horn is the listed civil engineer.

[robertjhajek]

Nice drc! I live off 15th st and am excited to see more retail be activated.

[Nanosolar]

Originally Posted by ConstructDTLA

Is there a development map for Downtown / Midtown / Buckhead?

Finally getting through all the construction images I took last week, hoping to label them correctly before uploading. For example - what is that big site next to the state capitol building?

The most expensive building ever conceived by the State of Georgia!

Also, the place where future Casey Cagle will be found guilty of public corrpution.

https://atlanta.curbed.com/2017/8/31/162...mplex-begins-construction-groundbreaking

[Street Advocate]

Originally Posted by jwbab

Midtown DRC Agenda for April 10, 2018:

https://www.midtownatl.com/_files/docs/agenda-041018.pdf

I am really hoping more of these offices break ground, soon. MetLife and 1105 would really start to round out the northern part of midtown.

[Street Advocate]

Randall Brothers 665 marietta st HQ to test market and sell their 7.5 acre parcel, essentially bounded by North Ave, Marietta Street, Wallace, and Tech Pkwy. As comparison, Star Metals (office only, maybe?) was 1.7 acres. Could be a huge area for development to go in:

Artricle Here:
http://webcache.googleusercontent.com/se...t.html&num=1&hl=en&gl=us&strip=1&vwsrc=0

Google Maps location here.

[Libertarian]

Wow - they been there forever. Changing of the guard.

[3yonce]

Originally Posted by Street Advocate

Randall Brothers 665 marietta st HQ to test market and sell their 7.5 acre parcel, essentially bounded by North Ave, Marietta Street, Wallace, and Tech Pkwy. As comparison, Star Metals (office only, maybe?) was 1.7 acres. Could be a huge area for development to go in:

My money's on the GT Foundation snatching this up. It could be an interesting adaptive reuse opportunity with plenty of room for new development. I've been hoping GT will eventually create a Tech Square West to help bridge West Midtown and the Centennial Park area, and this could be a big step in that direction.

[Street Advocate]

Originally Posted by 3yonce

My money's on the GT Foundation snatching this up. It could be an interesting adaptive reuse opportunity with plenty of room for new development. I've been hoping GT will eventually create a Tech Square West to help bridge West Midtown and the Centennial Park area, and this could be a big step in that direction.

While it would help connect GT with the west campus research area, I wonder if this area is too hot for the market not to scoop it up. Plus, I believe GT's west Tech Square will be along 14th St NW, beginning with the Interlock. Personally, I'd rather see it go in along 10th & Northside and another hub south of North Ave between Luckie & COP Drive.

[mayhem]

Originally Posted by 3yonce

My money's on the GT Foundation snatching this up. It could be an interesting adaptive reuse opportunity with plenty of room for new development. I've been hoping GT will eventually create a Tech Square West to help bridge West Midtown and the Centennial Park area, and this could be a big step in that direction.

Georgia Tech has been consistently ruining Marietta St. I pray to the development gods they do not get to ruin yet another parcel in my neighborhood.

[arctk2014]

Originally Posted by mayhem

Georgia Tech has been consistently ruining Marietta St. I pray to the development gods they do not get to ruin yet another parcel in my neighborhood.

Care to elaborate? If anything I think Coca-Cola has made Marietta Street inhospitable along their parcels more than anyone else. (FYI I used to live on Marietta Street so I've walked this stretch many times).

[mayhem]

Originally Posted by arctk2014

Care to elaborate? If anything I think Coca-Cola has made Marietta Street inhospitable along their parcels more than anyone else. (FYI I used to live on Marietta Street so I've walked this stretch many times).

I agree Coca-Cola’s HQ does not help though it’s mostly been untouched since it was originally developed. Almost everything from Northside Dr south to Wallace St / Randall Bros is single story, fenced in, surrounded by parking lots and has been developed/reworked in the past 15 years. The same goes for all of GT’s properties on the south side of 10th St.

[ATL_Shin]

GT is planning major projects (“Tech Square West” of sorts) at properties surrounding and south of the intersection of North Ave and Northside near the existing research facilities, from what I’ve heard.