ATLANTA | Development Thread V

[patrick84]

^^^ Palomar is one building that turned out much better than the renderings and my expectations! I wonder how successful the restaurant will be... that part of W. Peachtree seems dead at the moment.

[jpk1292000]

Originally Posted by patrick84

^^^ Palomar is one building that turned out much better than the renderings and my expectations! I wonder how successful the restaurant will be... that part of W. Peachtree seems dead at the moment.

Yeah. The Palomar is great. I really like the street presence on W. Peachtree.

[Thadavil]

I'm looking for a few cool black and white pics of atlanta to frame and hang in my house. Does anyone have any ideas (websites or stores) or know of a good way to find some? Thanks.

ps. When did they change the design of the mandrian hotel, the old plan was awesome?

[UVAsuperman]

I really like the street presence on W. Peachtree

I agree, except for the weird Tuscan style lamps on the outside--they really clash with the clean modern look of the rest of the exterior.

[jew4life4948]

Originally Posted by Thadavil

I'm looking for a few cool black and white pics of atlanta to frame and hang in my house. Does anyone have any ideas (websites or stores) or know of a good way to find some? Thanks.

ps. When did they change the design of the mandrian hotel, the old plan was awesome?

You can try http://www.atlantatimemachine.com/ for some ideas.

[Pompuss]

Originally Posted by Thadavil
I'm looking for a few cool black and white pics of atlanta to frame and hang in my house. Does anyone have any ideas (websites or stores) or know of a good way to find some? Thanks.

ps. When did they change the design of the mandrian hotel, the old plan was awesome?

I always thought a cool image to frame would be that old house on a hill just to the east of colony square mixed with modern midtown. The picture would need to be at the right angle.

[cybele]

In Atlanta, Irrational Building Exuberance

[NYClife2005]

Originally Posted by cybele

In Atlanta, Irrational Building Exuberance

"Separate developers in Buckhead are building four speculative office buildings at the same time with virtually no leasing activity. The 35 recent condominium projects will help give Atlanta a 40-year supply at the current sales pace."


--- OUCH, gee i hope that "40 y/r supply" is just subjective nonsense"

Although at the rate the Atlantic is selling, it would take them all in all TEN YEARS to sell out their condos (2006-2016) ----- YIKES, glad im not a broker.

[NYClife2005]

Originally Posted by NYClife2005

"Separate developers in Buckhead are building four speculative office buildings at the same time with virtually no leasing activity. The 35 recent condominium projects will help give Atlanta a 40-year supply at the current sales pace."


--- OUCH, gee i hope that "40 y/r supply" is just subjective nonsense"

Although at the rate the Atlantic is selling, it would take them all in all TEN YEARS to sell out their condos (2006-2016) ----- YIKES, glad im not a broker.

So, uh i guess it's safe to say we wont be seeing TRUMP TOWERS get started in the next few months - or years.

Hell, maybe in 2078.

[UVAsuperman]

That article is very misleading. Perhaps mathematically the current supply of condos would last 40 years at the current pace--which was what, 80 condos in the last 6 months of 2008? But, that sales pace will change as the economy improves. Realtors and property managers are telling me that condo sales are already improving (they also say multiple contracts each month don't close because the borrower cannot get financing). There are some incredible deals available, if you have/can get money. The problem is still the unavailability of loans, even for qualified purchasers.

We all know that Buckhead has too much office capacity being built right now, and we all know that there are a lot of unsold condos. The sky isn't falling though. Buckhead office space will be leased in the next economic uptick, and condos will keep selling (particularly as job markets stabilize, residential lending starts happening again, and gas prices rise).

[BlueSangha]

We'll the article fails to mention that when these projects were started, there was no economic crisis. So perhaps irrational exuberance is the wrong choice of words, that title suggest that these projects whent ahead with the knowledge that economy was going to sour, but decided to build anyway.

[keelanfish]

Yay! Peachtree Plaza is finally getting new glass!

http://www.ajc.com/metro/content/metro/a..._plaza.html?cxntlid=homepage_tab_newstab

[ATLaffinity]

Palomar put up their sign for the restaurant - Pacci Ristorante

this should do wonders for this sometimes shady stretch of W. Peach.

[A-town]

I said over a year ago the Westin should get an exterior renovation. Maybe it's just me but the Palomar hasn't grow on me yet, it looks like a hospital or student dorms.

[skapunkskatedude]

Originally Posted by A-town

I said over a year ago the Westin should get an exterior renovation. Maybe it's just me but the Palomar hasn't grow on me yet, it looks like a hospital or student dorms.

Lol. I thought the Westin was in need of an exterior renovation pretty much right after the tornado hit...

[NYClife2005]

Originally Posted by UVAsuperman

That article is very misleading. Perhaps mathematically the current supply of condos would last 40 years at the current pace--which was what, 80 condos in the last 6 months of 2008? But, that sales pace will change as the economy improves. Realtors and property managers are telling me that condo sales are already improving (they also say multiple contracts each month don't close because the borrower cannot get financing). There are some incredible deals available, if you have/can get money. The problem is still the unavailability of loans, even for qualified purchasers.

We all know that Buckhead has too much office capacity being built right now, and we all know that there are a lot of unsold condos. The sky isn't falling though. Buckhead office space will be leased in the next economic uptick, and condos will keep selling (particularly as job markets stabilize, residential lending starts happening again, and gas prices rise).

Excellent. Thanks for the optimistic viewpoint.

What we really need are a few thousand wealthy people who are tired of NY, LA, Chicago, San Francisco cost of living & HIGH taxes to simply move down here & buy up all these condos WITHOUT loans - which they could do easily. People in those cities literally think you're joking when you tell them 2 BR highrise condo for $300,000, they think you mean closet or something.

Also, maybe some more office tenants will relocate from some older downtown properties into Buckhead, i mean lets face it, it's a better location.

[atl2phx]

Originally Posted by NYClife2005

Excellent. Thanks for the optimistic viewpoint.

What we really need are a few thousand wealthy people who are tired of NY, LA, Chicago, San Francisco cost of living & HIGH taxes to simply move down here & buy up all these condos WITHOUT loans - which they could do easily. People in those cities literally think you're joking when you tell them 2 BR highrise condo for $300,000, they think you mean closet or something.

Also, maybe some more office tenants will relocate from some older downtown properties into Buckhead, i mean lets face it, it's a better location.

hey, on any given day, i'll take the objective reality of UVA's comments to the subjective pie in the sky stuff you seem to love so much.

[NYClife2005]

Originally Posted by atl2phx

hey, on any given day, i'll take the objective reality of UVA's comments to the subjective pie in the sky stuff you seem to love so much.

The Pyramids didnt get built on OBJECTIVE REALITY.

Niether did ROME - or DUBAI - or Buckhead's over the top, excessive skyline.

Hell every DREAM is built on "subjective pie in the sky stuff." If there were only people like you, there would be no astronauts.

Yea, you can keep your "objective pessemistic reality".

[gttx]

Originally Posted by NYClife2005

What we really need are a few thousand wealthy people who are tired of NY, LA, Chicago, San Francisco cost of living & HIGH taxes to simply move down here & buy up all these condos WITHOUT loans - which they could do easily. People in those cities literally think you're joking when you tell them 2 BR highrise condo for $300,000, they think you mean closet or something.

How many people do you know who buy houses in CASH? It's ridiculous. Just because you have the money on hand doesn't mean you would ever spend it all upfront....and the people who have that kind of money have plenty of places where they could make 4.5%+ on investments.

[NYClife2005]

Originally Posted by gttx

How many people do you know who buy houses in CASH? It's ridiculous. Just because you have the money on hand doesn't mean you would ever spend it all upfront....and the people who have that kind of money have plenty of places where they could make 4.5%+ on investments.

Good point. Course i'm sure (at least if i were rich) many would LOVE to surpass all the loan stuff/paying over time. Besides dont wealthy people have an easy time getting loans?

Tell you if i lived in Manhattan my whole life & was tired of it, id love to trade my million dollar one bedroom (average apt.) for a penthouse in Buckhead with a view & less traffic.