ATLANTA | Development Thread V

[simms3_redux]

Even if it were the case that poor people lived in homes there, Tech couldn't just bulldoze those homes. They would have to be bought out, thus providing a cash infusion that they could benefit from.

I'm tired of all the gentrification = evil talk. If I were poor living in a condemned structure with no foreseeable way out of the situation, I sure as hell would take a payment for my place...go off and rent a cheap place and try to get back on my feet. Nobody is going to offer them money otherwise.

Also, on a sidenote, poor people can be taxed out of their homes if they don't sell in time and the area is gentrifying, but there are opportunities even for no/low credit people to take out a home equity loan, there are just not enough opportunities. If you're home is the last one with improvements under $100K standing on your block where the average home is now $500K, you have a lot of potential residual value in the land beneath your home.

Major construction update to come later. Sick at home with a bug, but recovered enough to snap some pics...lots of pics.

[ATLaffinity]

Yeah, I wasn't trying to speak in code with "hood". Actually there is no "hood" or neighborhood there. Just a sketchy area dominated by empty lots.

[testarossa50]

Sometimes (usually in fact) the poor people are renting and thus do get owned. But let's end this silly conversation since the theoretical poor people living there don't actually exist.

[simms3_redux]

Atlanta Mega November Construction Update

I took the day off because I have been under the weather, and so I had extra time to take some pictures of construction and other activity going on in Atlanta. This will be the most comprehensive update on Atlanta in years.

Two projects I missed: the CDC Buford Campus tower and the Cox Enterprises towers, both of which have been topped off and are wrapping up.

To start –

Georgia Tech Carbon Neutral Energy Solutions (LEED Platinum)

Full PDF on Project

http://nanopatentsandinnovations.blogspot.com/2010/01/georgia-tech-building-new-233-million.html





Hank McCamish Pavilion at Georgia Tech

All About Hank McCamish Pavilion Plus Additional Renderings










77 12th Street – 22 Floor Rental Tower as Phase III of 12th and Midtown

Metlife is out and Northwestern Mutual is in as the lender and equity partner. Ground clearing is scheduled either this month or next. Pre-leasing has commenced with 1-bedrooms starting at $1,500 and 2-bedrooms starting at either $2,250 or $2,350.

Juicy Details Straight From Daniel Corp’s Site

















Hilton Midtown Atlanta (Dual Branded Homewood Suites and Hilton Garden Inn)

North Point Hospitality’s project. 226 rooms, 8 floors of hotel above 4 floors of parking, a lobby, and a restaurant.

North Point Hospitality Development











Look at these fall colors!


Emory Pointe (Gables and Cousins, both ATL based)

Official Site – Emory Pointe

From WhatNow Atlanta














Emory Health Science Research Building

4 stories above ground, 200,000 SF, 2-story pedestrian bridge to connect to Children’s Healthcare.

Update and Renderings

More Renderings from Emory Magazine





Site of Jamestown’s Proposed Mid-Rise Infill Rental Tower on Howell Mill

195 units, 250,000+ SF with parking deck, 0.9183 AC (40,000 SF of land area, i.e. SMALL)

New Apartments for Westside



AMLI O4W Apartments Phase II

AMLI is planning another mid-rise apartment complex to go right on North Avenue in front of O4W Park, next to 4th & Swift, and across from Ponce City Market. The article below in the Biz Chron goes on to say that North American Properties is rumored to be in the development mill for the same area (also apartments). If all gets built, that area around the park and the Beltline will be very dense. The article states that their parcel is 4.5 acres, but Fulton Assessor says it is greater than 6 (not that all available land will be built on).

For a comparison, the AMLI development next door, which is 7 floors and has all 2-bedrooms from between $1,566 and $1,880 sits on 3.9 acres.

AMLI Plans Apartments in Fourth Ward



Crews continue to work on the park and the beltline:










New Crate & Barrel and Shops Around Lenox

One of this year’s Development of Excellence Awards (ULI) went to Shops Around Lenox:

2011 Project Winners – Shops Around Lenox

Article on the $34M redevelopment by Healey Weatherholtz Properties (HW Properties):

Shops Around Lenox Gets $35M Overhaul

They are planning similar shops where the McDonalds/Chik Fil A are across from Felini’s on Howell Mill.

AND THEY OWN THIS PROPERTY WITH THIS RENDERING ON PEACHTREE!::


Source: 736 Peachtree

I will be seeing Eric Weatherholtz tomorrow night at a dinner, and while I don’t personally know him I think I’m going to ask him for an update on 736 Peachtree!









ATLANTA BUCKHEAD

Currently the largest project in the city, we all know as much about it as the next guy so no need to go into details.

Atlanta Buckhead Brochure – Official















And hopefully as part of the project, this creepy dead tree comes down!


Village at Buckhead - 365 Pharr Road

373 luxury rentals directly across from Atlanta Buckhead, 5 floors, JLB Partners, their first Atlanta project, likely to be relatively expensive (1-bedrooms may start above $1,600).

Official Project Site







2061 Peachtree Medical Office Towers

Moving Dirt!

http://www.parksidepartners.com/2061-peachtree/





NEW SHOPS AND RESTAURANTS AND BUSINESSES IN MIDTOWN!

1. Bobby Berk Home, still not open



2. The Clothing Warehouse: Classic Vintage, opens Dec 1 in Michael Habachy’s old space in 999 Peachtree.

They have locations in Atlanta, Jacksonville, Savannah, New York, Greenville, and Chapel Hill!



3. Revolution Vintage – Was a pop-up shop in 999 Peachtree in the old Midtown Blue space, has since relocated to Metropolis and has a lease to test the waters until June. Sells Men’s and Women’s clothing and all of those vintage fashionistas walking around Midtown are hangouts/employees there.





4. Café Agora Midtown!



5. OMG I totally forgot the name of this – it’s a small business!

They research brands apparently and act as “truth media?” Hopefully someone can explain this to me. Looks interesting.





6. STKHouse

Almost open!! Other locations in the Meatpacking District of NYC, LA, Miami, and Las Vegas. We are balling out of control with this.



You know where I’ll be taking pictures sometime this week!::




7. Cucina Assellina

Also from The One Group, other location is in Manhattan.



8. M.I.S.T.E.R.

A healing clinic for those who are depressed or having mental difficulties, I think. Looks to be a solid gay outreach center, as well.




UPDATE ON 1010 CONDO SALES…SLOW

[simms3_redux]

And to illustrate my recent tirades on MARTA:



If you don't get it just by looking at the picture, you'll never see my point. I know it's not a priority by any means, but neither is spending $23M to upgrade Buckhead's station!

[simms3_redux]

http://saportareport.com/blog/2011/11/th...eorgia-tech-has-big-plans-for-the-block/

Apparently people, including Maria Saporta, are not happy that Tech is at least keeping the Crum & Forster facade. Is there anything worth keeping beyond the facade?

[mike1986]

Nice update! Does anyone know if The Clothing Warehouse in Midtown is going to be a permanent location or is it just temporary???

[GTdan]

Thanks for the update simms!

[cityenthusiast]

Thanks for that awesome construction update. Simms your contributions to this thread are really appreciated

[cityenthusiast]

Originally Posted by simms3_redux

http://saportareport.com/blog/2011/11/th...eorgia-tech-has-big-plans-for-the-block/

Apparently people, including Maria Saporta, are not happy that Tech is at least keeping the Crum & Forster facade. Is there anything worth keeping beyond the facade?

Can someone explain what is so special about this building please? I think its enough to keep the facade with the new developement. I think it would look pretty cool that way too

[trainiac]

Originally Posted by AtlantaMustang

That sounds like a great solution to me actually, the back of the building is really not all that attractive anyway. I could be wrong, but the rear sections of the building do not have the same facade lines or roof pattern, are they original to the building?

And here's the "render" from the link:

Very cool! Here's what it looks like today. I'm a little confused: will the tower be on the site of the white two-story building that used to do graphics that's now classroom space or is it just to the west of it?

[AtlantaMustang]

Originally Posted by trainiac

I'm a little confused: will the tower be on the site of the white two-story building that used to do graphics that's now classroom space or is it just to the west of it?

On the site plans from the link (http://www.realestate.gatech.edu/hpc/index.php) it shows the building taking up the entire block, so I assume the white building would definitely be going.

[joecool]

Originally Posted by trainiac

Very cool! Here's what it looks like today. I'm a little confused: will the tower be on the site of the white two-story building that used to do graphics that's now classroom space or is it just to the west of it?

I like the Idea of keep the old facade of the building and incorporating it into the new... whats wrongs with that? When is this suppose to break ground?

Any new on Museum tower or the building that was suppose to go up on 17th and P'tree?

[testarossa50]

Awesome construction update!

For perspective on Crum & Forster, here's a picture I took of it:



I'm no architecture buff, but it does seem like the majority of the cool features are in the front of the building. Also, it's not just the facade. It's the first 50-odd feet of the 150' long building. It appears the whole wider front part in the front will be saved, as well as a small part of the skinnier portion in the middle.

[drakon29]

Looks like the new GSU law school might break ground in 2013.

http://law.gsu.edu/7300.html

[testarossa50]

Originally Posted by drakon29

Looks like the new GSU law school might break ground in 2013.

http://law.gsu.edu/7300.html

Appears to be in the 7-9 story range?

I'll take it. Absolutely.

[ATLaffinity]

Jesus, Simms. How much legwork will you do when you're not under the weather?

Just to be a grinch, I have to say I'm not crazy about the Emory Point(e) renderings.

Though the young "creative class" couple seems to like it.

[mike1986]

This is some good news for streetscape projects... ARC gives $34 million to 13 communities to help make them more livable/walkable...

http://www.bizjournals.com/atlanta/news/2011/11/15/arc-gives-34m-to-13-areas-for-transit.html

Some important ones to note:

• Midtown Atlanta, Juniper Street Bike and Pedestrian Facilities, $3.4 million
• Atlanta, Ponce de Leon Avenue Pedestrian Facilities and Beltline Connections, $4 million
• Buckhead (Atlanta), Peachtree Corridor, $1.5 million (Phase 3)
• Decatur, Clairemont-Commerce-Church Bike and Pedestrian Improvements, $2.1 million

[SteveD]

Simms - others have already stated but I want to echo...

Thanks so much for these awesome updates....everything going on right now all pulled together in one super-informative post.

Cheers!

[micropundit]

According to Reis, Inc., Atlanta led the nation in apartment completions this past quarter, delivering over 1,380 new rental units.




http://online.wsj.com/article/SB10001424052970203503204577038431769351196.html