Atlanta Project Thread IV

[BlueSangha]

Originally Posted by Martinman

Woah This looks GREAT! I think in the long run, residential is a much better use at that location than office space. Very exciting development!

I'll go ahead and call it. Downtown will be the "Midtown" of the 2020's in terms of wave after wave of development activity.

Nope! I’m calling it. I’ve been bullish on midtown since I’ve been on this forum, will continue to be bullish. Let the cranes swing!

[dpoulos27]

I bet midtown stays hot and downtown heats up - still think we get our first new 700+ building in downtown!

[jpk1292000]

Midtown's not cooling down anytime soon. The only thing that I see slowing down development in Midtown is when the number of parcels left to redevelop becomes very small. The current activity is gobbling up a lot of them, but plenty of parcels remain, especially north of 14th street.

I think what we'll see happening is an acceleration of what we're seeing now. Midtown stays hot and Downtown continues to heat up and really take off in the 20s.

[shivtim]

Heard at a neighborhood council member meeting today that the Hanover Peachtree facing retail at 7th and Peachtree will actually be a Dunkin Donuts, and the Dollar General (DGX) will be along 7th street.

[Username123]

Originally Posted by shivtim

Heard at a neighborhood council member meeting today that the Modera Midtown Peachtree facing retail at 7th and Peachtree will actually be a Dunkin Donuts, and the Dollar General (DGX) will be along 7th street.

That’s Hanover.

[atlHawks]

Originally Posted by shivtim

Dollar General (DGX)

[Martinman]

Originally Posted by jpk1292000

Midtown's not cooling down anytime soon. The only thing that I see slowing down development in Midtown is when the number of parcels left to redevelop becomes very small. The current activity is gobbling up a lot of them, but plenty of parcels remain, especially north of 14th street.

I think what we'll see happening is an acceleration of what we're seeing now. Midtown stays hot and Downtown continues to heat up and really take off in the 20s.

That's a big reason why I see Downtown ascending. Easily developed parcels in Midtown are quickly dwindling. Developers will have to be a lot more strategic with future plans. We're almost to the point where Dewberry will have no choice but to develop or sell the 10th and Peachtree parcel. Almost!

Additionally Downtown does have some historic urbanism that seems impossible to replicate in new development. It will become a goldmine once those areas are revitalized.

[smArTaLlone]

Campanile - 1155 Peachtree St.
This is an expansion to a previous case reviewed by the DRC in 2018. The updated plans include six new floors of commercial space around the base of the office tower and an expanded 21st floor. The revised added square footage for the project is 123,963 s.f. New ground floor retail uses are accessible from Peachtree St., 13th St., and Juniper St. The existing loading area 141 space parking deck (below grade) will remain accessible from a new realigned and consolidated driveway along Juniper St.

1138 Peachtree St.
This is an expansion of a previous case reviewed by the DRC in 2013, 2014 and 2016. A new 46-story mixed-use tower with 317 apartments and 10,000 s.f. ground of floor retail along Peachtree St. and Crescent Ave. The residential lobby is recessed and accessible via a covered walkway from Peachtree St. The parking deck includes 8 levels totaling 450 spaces accessible from split ingress and egress along Peachtree St. and full access (for vehicles and loading) from Crescent Ave. All driveway access points lead to a central drop off area within the parking deck.

Blake’s on the Park – 227 10th St.
A selective demo and partial rebuild of an existing restaurant. The proposal includes interior demo and refurbishing with a relocated bar, additional restrooms and new atticstorage that will result in approx. 4,020 s.f. of total space. On the exterior a wood deck and ramp will be reconfigured along with a new pergola in the southeast corner of the site. A linear planter will be added adjacent to the ramp at the rear of the parking lot along Piedmont Ave. Existing pedestrian access points along 10th St. and from this parking area will remain.

[Street Advocate]

BeltLine DRC includes demo of 3 MFH (section 8?) on Parkway. New 5 story building at 479 Edgewood. Some other interesting space updates https://beltlineorg-wpengine.netdna-ssl....019/12/Public-Agenda_-January-2020-1.pdf

[jpk1292000]

Originally Posted by Martinman

That's a big reason why I see Downtown ascending. Easily developed parcels in Midtown are quickly dwindling. Developers will have to be a lot more strategic with future plans. We're almost to the point where Dewberry will have no choice but to develop or sell the 10th and Peachtree parcel. Almost!

Additionally Downtown does have some historic urbanism that seems impossible to replicate in new development. It will become a goldmine once those areas are revitalized.

Yeah no offense to the Midtown boosters (I'm one of them myself), but in my mind downtown has the best upper end potential for being an incredibly cool neighborhood of any in the city. If done right (imagine more revitalizations like the quality of the Candler building applied to historic buildings of all sizes) along with new development, downtown could be amazing.

[shivtim]

Originally Posted by Username123

That’s Hanover.

Oops, good catch! So many new buildings it's hard to keep track of the names. I'll edit.

[smArTaLlone]

https://www.bizjournals.com/atlanta/news...office.html?iana=hpmvp_atl_news_headline

Atlanta developer Greenstone Properties started construction on a $150 million office tower in Midtown, another sign that developers expect strong job growth will continue in the city's burgeoning technology center.

Greenstone Properties and affiliates of Goldman Sachs Merchant Banking Division announced they secured construction financing on the 12-story tower. It will feature 312,000 square feet of office space at 14th and Spring streets.

US Bank is the construction lender.

HKS is leading the design. Balfour Beatty is the contractor.

"Midtown right now is like no other market I have seen in Atlanta since I've been doing this," said Chris Scott, a partner with developer Greenstone Properties. "The demand is coming from tenants that are not only here in Atlanta but from other [states] like California and cities like New York and Dallas."

[montydawg]

This is the first rendering I have seen without the billboards. I wonder if the developer was able to buy the two plots with the billboards. That would be great!

[tinyslam]

The construction fence that they put up encompasses the lot with the two billboards so hopefully.

[Ant131531]

If that's true, they couldn't build it up to the street?

[ThrashATL]

One thing is for sure if Midtown keeps up the pace, land gets so damn expensive that the only way to make a project work is stack it heavily. Enough of these 20-something floors tall yawners.

[bigstick]

Originally Posted by ThrashATL

One thing is for sure if Midtown keeps up the pace, land gets so damn expensive that the only way to make a project work is stack it heavily. Enough of these 20-something floors tall yawners.

[Atlriser]

It’s the zoning FAR that is keeping the towers around 20 stories. How many times does that need saying every 2-3 months.

[DNR]

Originally Posted by Atlriser

It’s the zoning FAR that is keeping the towers around 20 stories. How many times does that need saying every 2-3 months.

Question:

What happens if the cost of the land in Midtown exceeds the threshold in which a 20-story building no longer makes economic sense?

As the FAR guidelines continue to restrict the higher density development of the available land, my guess is that all the suitable vacant lots will
continue to evaporate. When this happens, the only land left will require more significant demolition on top of the ever increasing land costs which will only exacerbate the pressure on any guide line that restricts a more appropriate level of density.

I imagine the FAR was developed at a time when this much explosive growth in Midtown was unforeseen. Should there be more pressure for the guide lines to be revamped given the extreme pace of land development?

It would seem that the more restrictive Midtown guidelines may ultimately push development along the fringes where higher density development is not suitable – and not welcome.

[robertjhajek]

I know this place is called skyscraper page, but my personal favorite neighborhoods in most cities are mid rise areas. The west and east villages, capitol hill in Seattle, travis heights in austin, lodo in denver, etc.