ATLANTA | Development Thread V - Page 100

Terminus · #**1981** Posted **Dec 15, 2009, 12:55 PM**

Quote:

Originally Posted by foxmccleod

The Home Depot on Ponce is getting a drug store where the catering operation An Affair to Remember (or something similar) used to be located - directly adjacent to the beltline.

The Home Depot on Piedmont at Lindbergh is getting the furniture store - in the old Home Depot space.

Yes, directly adjacent to the BeltLine and apparently in violation of the urban design standards of the BeltLine Overlay zoning. It looks the City of Atlanta must have granted them a variation to build their typical suburban model. This is VERY disappointing after all the work that went into writing that ordinance.

shivtim · #**1982** Posted **Dec 15, 2009, 3:20 PM**

From the AJC
Tower Place 200 sold for $32 million

Another local office tower has fallen to hard times. Tower Place 200 in Buckhead, which avoided the auction block in October after the owner and lender agreed to put it into receivership, has been foreclosed on and sold for $32 million, or $123 per square foot, according to Databank Atlanta, a real estate research firm.
...
The 14-story building, located at 3348 Peachtree Road, was built in 1999 and is one of four buildings in the Tower Place complex.
...
The tenant on the ninth floor of Tower Place 200, Houston-based Transwestern Commercial Services, said its Atlanta regional office will leave the building early next year. The commercial real estate company will move to Tower Place 100 in February into a more efficient space, said Bruce Ford, Transwestern's senior executive in Atlanta.

cybele · #**1983** Posted **Dec 15, 2009, 9:00 PM**

Quote:

Originally Posted by Terminus

Yes, directly adjacent to the BeltLine and apparently in violation of the urban design standards of the BeltLine Overlay zoning. It looks the City of Atlanta must have granted them a variation to build their typical suburban model. This is VERY disappointing after all the work that went into writing that ordinance.

Well that is awful. I sure hope it doesn't set a precedent.

sabino86 · #**1984** Posted **Dec 16, 2009, 2:07 AM**

Quote:

Originally Posted by cybele

Well that is awful. I sure hope it doesn't set a precedent.

I think that shopping center was built long before the Beltline really took off...

cybele · #**1985** Posted **Dec 16, 2009, 2:24 AM**

Quote:

Originally Posted by shivtim

Another local office tower has fallen to hard times.

What exactly does it mean when an office building goes bankrupt? I know some folks who work in that building and they said it seemed like business as usual. Same when the Equitable Building got foreclosed on. Is it just a new owner takes over?

gttx · #**1986** Posted **Dec 16, 2009, 3:00 AM**

Quote:

Originally Posted by cybele

What exactly does it mean when an office building goes bankrupt? I know some folks who work in that building and they said it seemed like business as usual. Same when the Equitable Building got foreclosed on. Is it just a new owner takes over?

Correct. Really it just means that the owners can't pay their mortgage.

atl2phx · #**1987** Posted **Dec 16, 2009, 3:29 AM**

Quote:

Originally Posted by Terminus

Yes, directly adjacent to the BeltLine and apparently in violation of the urban design standards of the BeltLine Overlay zoning. It looks the City of Atlanta must have granted them a variation to build their typical suburban model. This is VERY disappointing after all the work that went into writing that ordinance.

terminus, you can probably shed some light on something i've heard repeated several times regarding the beltline overlay zoning as it relates to this area.

i understand that the longer term vision for that entire shopping center (home depot, etc...) calls for a complete reconfiguration where drewery, greenwood and st charles would each reconnect with their peer street on the other side of home depot. doing so would cut the home depot super block into a grid that would support mid-rise residential and commercial within the borders of said streets, similar to what's being planned for ansley mall. i assume it will be years before the market environment would drive the current property owners to sell or redevelop according to such zoning guidelines.

if true, it's a very exciting vision for the area.

does any of this sound familiar?

sevensixtwo · #**1988** Posted **Dec 16, 2009, 6:50 AM**

The Secretary of Transportation was on The Daily Show tonight saying they have got an $8B high speed rail initiative kicking off in the Midwest, California and the South. I'm expecting really big news from Biden on Thursday. And Georgia still has all those millions from the Lovejoy thing on hold...

Terminus · #**1989** Posted **Dec 16, 2009, 12:41 PM**

Quote:

Originally Posted by sabino86

I think that shopping center was built long before the Beltline really took off...

Of course it was, we're not TALKING about the shopping center, but rather the new CVS that is being built right now.

chrslyp · #**1990** Posted **Dec 16, 2009, 4:16 PM**

Quote:

Originally Posted by ClaySkyHigh

Buckhead skyline taken by me with a disposable camera way back in 2005? when I first started this.
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Taken the other day.
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12th and Midtown Office tower crane removed.
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A few bonuses.
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can anyone give me some information on the tall cylindrical building in the last pictures. i saw it when i was in atlanta a month ago and was curious what it was and whether it was a part of a larger development. appears with the balconies to be residential, at least at the top.

much appreciated.

Pessimistic Observer · #**1991** Posted **Dec 16, 2009, 5:10 PM**

Quote:

Originally Posted by chrslyp

can anyone give me some information on the tall cylindrical building in the last pictures. i saw it when i was in atlanta a month ago and was curious what it was and whether it was a part of a larger development. appears with the balconies to be residential, at least at the top.

much appreciated.

Its called The Sovereign and its a stand alone multi use building it does have a residential component but its probably over priced right now

(four 0 four) · #**1992** Posted **Dec 16, 2009, 5:46 PM**

The building is called 3344 Peachtree with the condo portion called Sovereign. It has retail on the ground floor, offices in the middle and 82 condos on top. One of the penthouses (originally listed at $11+ million) just went under contract.

http://www.3344peachtree.com/
http://www.sovereignbuckhead.com/

chrslyp · #**1993** Posted **Dec 16, 2009, 7:41 PM**

Quote:

Originally Posted by Pessimistic Observer

Its called The Sovereign and its a stand alone multi use building it does have a residential component but its probably over priced right now

Quote:

Originally Posted by (four 0 four)

The building is called 3344 Peachtree with the condo portion called Sovereign. It has retail on the ground floor, offices in the middle and 82 condos on top. One of the penthouses (originally listed at $11+ million) just went under contract.

http://www.3344peachtree.com/
http://www.sovereignbuckhead.com/

thanks fellas.

atlgal · #**1994** Posted **Dec 17, 2009, 2:31 PM**

Turns out the announcement has to do with a fiber optic network connecting Atlanta to NC.

http://www.ajc.com/news/biden-to-announce-fiber-243448.html

Quote:

Originally Posted by sevensixtwo

The Secretary of Transportation was on The Daily Show tonight saying they have got an $8B high speed rail initiative kicking off in the Midwest, California and the South. I'm expecting really big news from Biden on Thursday. And Georgia still has all those millions from the Lovejoy thing on hold...

Zanarkand A East · #**1995** Posted **Dec 17, 2009, 2:49 PM**

Quote:

Originally Posted by atlgal

Turns out the announcement has to do with a fiber optic network connecting Atlanta to NC.

http://www.ajc.com/news/biden-to-announce-fiber-243448.html

I was really hoping for an announcement on transit

sevensixtwo · #**1996** Posted **Dec 17, 2009, 3:19 PM**

$33M? Weak.

atl2phx · #**1997** Posted **Dec 17, 2009, 3:29 PM**

Quote:

Originally Posted by sevensixtwo

$33M? Weak.

why is $33M weak?

it is what it is....fiber optic is pretty standard access technology these days. they'll probably use existing utility right of way and interconnect at existing facilities.

nothing new here other than the fact that a traditionally underserved portion of the state will have broadband access.

ATLaffinity · #**1998** Posted **Dec 17, 2009, 4:09 PM**

so now people in Dahlonega have better internet than people in Midtown and Buckhead.

absolutely no impact on Atlanta.

atl2phx · #**1999** Posted **Dec 17, 2009, 4:14 PM**

Quote:

Originally Posted by ATLaffinity

so now people in Dahlonega have better internet than people in Midtown and Buckhead.

absolutely no impact on Atlanta.

your probably joking, but virturally the entire atlanta MSA already has access to commercial and residential broadband.

this initiative more or less puts n. georgia at parity with atlanta, not ahead of atlanta.

ATLaffinity · #**2000** Posted **Dec 17, 2009, 4:43 PM**

Quote:

Originally Posted by atl2phx

your probably joking, but virturally the entire atlanta MSA already has access to commercial and residential broadband.

this initiative more or less puts n. georgia at parity with atlanta, not ahead of atlanta.

residents in ATL have Comcast cable at maybe 12MB in a best case scenario.

this is probably going to be 100MB access for N. Georgia. for residents (or maybe i'm reading it wrong).

do any residents in Atlanta have fiber to the home?