Guys it will never be built. The CPM* is outrageous. Wer hat so viel geld.
*cost per passenger mile
100M per mile is really not bad at all for rail transit in 2023. at least let us see the project extended to the point of providing some utility beyond a downtown loop. this extension will give us this - a connection between downtown and a rapidly growing business node in O4W.
The state agency that oversees the Georgia World Congress Center, Mercedes-Benz Stadium and Centennial Olympic Park wants to envision what the future looks like for its Downtown campus, the hub of Atlanta's tourism and convention industry.
The Georgia World Congress Center Authority (GWCCA) released a request for qualifications seeking a firm to conduct a new master plan, a process expected to kick off in September.
The master plan would consider the potential for “revenue-generating redevelopment” of properties the GWCCA controls, says the RFQ. It would study connections into the surrounding community, including to new projects nearby, the Peachtree Street corridor and Castleberry Hill.
The master plan would also look at ways to expand meeting space, including “a potential dedicated conference center,” and how to modernize Building A of the existing convention center.
This comes as investment pours into Downtown. CIM Group is turning the Gulch into a mixed-use project called Centennial Yards. Newport RE wants to restore historic buildings in South Downtown. Lalani Ventures is bringing new tenants to Underground Atlanta. MARTA plans to overhaul the Five Points station.
The GWCCA now wants to “assess the impacts of that changed environment” on its campus, says the RFQ.
Annual shameless plug for anyone interested in a single easily-accessible place to see and track development projects around the city: Atlanta Development Tracker Map
Is anyone aware of any developments with the lot on the northeast corner of 17th and Spring Street? Northland purchased four parcels in Jan 2022 for 19million (0.76 acres). The lots with three 1 story buildings, 1369,1373,1375 SpringSt NW (Ocean Bioscience locations), and the 2 story house at 1385 Spring St NW (next to the Ascent Midtown Parking Deck) . The 2 story house at 1385 Spring St is now fenced with heavy equipment on site for demolition.
Is anyone aware of any developments with the lot on the northeast corner of 17th and Spring Street? Northland purchased four parcels in Jan 2022 for 19million (0.76 acres). The lots with three 1 story buildings, 1369,1373,1375 SpringSt NW (Ocean Bioscience locations), and the 2 story house at 1385 Spring St NW (next to the Ascent Midtown Parking Deck) . The 2 story house at 1385 Spring St is now fenced with heavy equipment on site for demolition.
There's a demolition permit for the address but they have yet to submit any plans to the Midtown DRC.
Here's the article about Northland's purchase.
Quote:
Northland bought just under an acre at Spring Street and 17th for a whopping $19 million, or about $555 per land square square foot, according to Fulton County property deeds. It was sold by an affiliate of Drapac Capital Partners, an Australian real estate firm with a big footprint across Atlanta.
The site Northland purchased sits in the middle of several mixed-use projects and apartment towers either planned or underway. Next door is the site of a proposed 31-story apartment tower at 1405 Spring Street that JPX Works and Zeller Real Estate will develop. For comparison, JPX paid around $459 per land square foot for their half-acre site. Farther south, the Rockefeller Group paid $500 per land square foot for 1.1 acres at West Peachtree and 12th Street.
The owner of one of the largest student housing developers in the nation said that enrollment growth has propelled Georgia as a prime location for student housing.
The state’s largest public colleges — Georgia State University, Georgia Tech, Kennesaw State University, and the University of Georgia — have seen enrollments increase by 11% between 2018 and 2022, according to CBRE.
The Legacy, a Landmark student housing property in Downtown Atlanta set to open this year, is adding 835 beds to the company’s 1,500 existing beds in the city. Rogers also said the company has a “very large project” in the works at Georgia Tech. He declined to provide details.
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