Australian real estate company Drapac Capital Partners has acquired a 0.76-acre site at 17th and Spring streets, a prime corner with visibility from the Downtown Connector. Drapac paid $4.7 million for the property that’s sandwiched between music venue Center Stage and the Center for Puppetry Arts, according to Fulton County property records.
Drapac plans long-term to redevelop the 17th and Spring site into a high-rise project. But for now, it will lease out the four existing buildings on the property.
Drapac also owns 50 Ivan Allen Jr. Blvd., 323 Spring Street, 245 Auburn Avenue and 505 Courtland Street.
I don’t think so. A moritorium was put in place for 6 months.
Oof disappointing. Hopefully they can get started after that. Looks like Toro's Instagram at least indicated this.
Quote:
North American Properties joins big Dunwoody mixed-use project 'High Street'
North American Properties will form a joint venture to develop "High Street Atlanta," a proposed 8 million square-foot project that has been in the holding stages for more than a decade.
Georgia Tech is expanding its campus on Marietta Street.
The school, which serves as a catalyst for economic development in Atlanta and maintains one of the nation's top engineering programs, bought the Randall Brothers headquarters.
Georgia Tech Foundation Inc. paid $36 million for the 7.5-acre property, which shares similar bones with Ponce City Market, Krog Street Market and other successful adaptive reuse developments.
IMO, this is a 10/10 acquisition that should include existing building restoration, new development, and new street activation along Wallace, State St., and Tech Pkwy.
A planned convention hotel at the Georgia World Congress Center will be flagged as a “Signia Hilton,” what Hilton calls its “premiere meetings and events brand.” Hilton in February plans an international event in New York City to reveal the new brand.
Atlanta will be among the first markets to launch Signia Hilton.
The hotel, likely to have 1,001 rooms, would soar more than 30 stories on a portion of the former Georgia Dome site. It could break ground in fourth-quarter 2019.
On Tuesday, the GWCCA, the state agency that oversees the Congress Center, approved the execution of a term sheet with Hilton. A new schematic design was also revealed.
New dual 22-story glass office towers on a site encompassing three quarters of the city block bounded by West Peachtree Street, 3rd Street, Spring Street and Ponce de Leon Avenue. Proposed is 856,000 SF of office, 141,000 SF of other institutional uses (including technology center and daycare facility) and a 3,000 SF café along West Peachtree St. along with public plaza at the Ponce and West Peachtree corner. Vehicular access to the partially buried approximate 2,000 space 7-story parking deck is shown along each 3rd Street, Spring Street and Ponce de Leon Avenue while loading is accessed via Spring Street. Pedestrian access is provided along each frontages for the variety of at-grade uses.
That whole area is developing into one monotonous swath of buildings that are all about the same height. All of Portman's office buildings in the area are all about the same height including the new and proposed student towers.
Two buildings of the same style and height next to each other are usually less interesting that having some staggered height arrangement. I was hoping for at least a height ratio of maybe a 28 and a 38 story in the same block.
How boring!
I also thought there were articles stating that this development was going to be above 1 million square! What gives?
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