ATLANTA | Development Thread VI

[Atlanta3000]

Originally Posted by daharris80

Its all good. Just from my experience the location tags on Google Maps are much more likely to be out of date than they are to be leading indicators. Clearly that address is still out there on various out of date websites associated with the AIG agent's old office. The map also still shows the outline of the building that was demolished over a year ago.

D80 - how about you use your 007 skills and figure out what the hell 40 West 12th is....

[daharris80]

Originally Posted by Atlanta3000

D80 - how about you use your 007 skills and figure out what the hell 40 West 12th is....

Here it goes...

Selig owns and markets 44 12th Street - http://www.seligenterprises.com/index.php?option=com_content&view=article&id=135. This is on the eastern corner of 12th and Peachtree Walk. The building to its right is 48 12th street. The addresses on 12th Street Northeast start at West Peachtree and go up from there as you go east.

The 1105 West Peachtree development is the block bounded by 12th street NE, Peachtree Walk, 13th Street and West Peachtree (obviously).

The south side of the development, along 12th street includes a residential portion. As it is before 44 12th street (see above) on the numbering system it could be addressed 40 12th Street, NE.

That leads to the "12th West" branding. Selig has quite successfully developed 12th and Midtown. It has a known brand. They like "12th." This development is on the western edge of 12th & Midtown. My guess is that they're going to brand an apartment portion, "40 West 12th" with its address 40 12th Street Northeast and using "12th" in the branded name to stand in for both the street it's on and to link it with the term "West" to 12th & Midtown.

Below is a rendering of the 12th Street elevation with the branded trademarks A3000 found inserted in (by me):

https://www.dropbox.com/s/05p4ffq57f3tyg2/1105.jpg?dl=0

[GeorgiaPeanuts]

Edgewood MARTA station bike lane plans: https://cityofatlanta-my.sharepoint.com/...rid=2b922b9e-90e0-4000-89fb-2833572e95b8

Inman Park MARTA station bike lane plans: https://cityofatlanta-my.sharepoint.com/...rid=bb912b9e-407c-4000-8ac5-0d77d6ddf3d5

Courtesy of our Chief Bicycle Officer!

[PhunkyPho]

Originally Posted by Atlanta3000

Since when did this site have a requirement for posts to be fact based? J/K.

Seriously - What are the friggin' chances an AIG agent would have an office across the street from a planned office that is coincidentally the size of AIG's Corporate office consolidation requirement rumored a year ago?

It isn't THAT AIG. It's a piano store. Ain't It Grand Pianos. sorry to burst your bubble.

[Atlanta3000]

Originally Posted by daharris80

Here it goes...

Selig owns and markets 44 12th Street - http://www.seligenterprises.com/index.php?option=com_content&view=article&id=135. This is on the eastern corner of 12th and Peachtree Walk. The building to its right is 48 12th street. The addresses on 12th Street Northeast start at West Peachtree and go up from there as you go east.

The 1105 West Peachtree development is the block bounded by 12th street NE, Peachtree Walk, 13th Street and West Peachtree (obviously).

The south side of the development, along 12th street includes a residential portion. As it is before 44 12th street (see above) on the numbering system it could be addressed 40 12th Street, NE.

That leads to the "12th West" branding. Selig has quite successfully developed 12th and Midtown. It has a known brand. They like "12th." This development is on the western edge of 12th & Midtown. My guess is that they're going to brand an apartment portion, "40 West 12th" with its address 40 12th Street Northeast and using "12th" in the branded name to stand in for both the street it's on and to link it with the term "West" to 12th & Midtown.

D80 - I mean James...James Bond, excellent work. So based on your intel, would this be the area shaded FUTURE MIXED USE in the pic below? This is also the block that includes the SLS Hotel fronting Crescent Street.



This is interference to the SLS Hotel:

Originally Posted by jwbab

This project is contingent upon a Selig project immediately to the west. SLS will share service loading with the Selig project to the west and the restaurant on the south. The service loading will enter directly across from the service area at the Four Seasons on 13th St.

No further information about the Selig project but they cannot move forward with SLS until the Selig project is ready.

The only timetable provided on the the Selig project was “as fast as possible.”

[daharris80]

Originally Posted by Atlanta3000

D80 - I mean James...James Bond, excellent work. So based on your intel, would this be the area shaded FUTURE MIXED USE in the pic below?

No that's not what I meant. Its all part of the 1105 W Peachtree block.

https://www.dropbox.com/s/05p4ffq57f3tyg2/1105.jpg?dl=0

[Atlanta3000]

Originally Posted by PhunkyPho

It isn't THAT AIG. It's a piano store. Ain't It Grand Pianos. sorry to burst your bubble.

P2 - As I have previously stated, "Pianos are the instrument of the DEVIL". Need I say more?

[daharris80]

Speaking of SLS Atlanta, here's an Oct. 2017 article from Hotel Management where sbe's growth and development over the last year is described and SLS Atlanta is listed as one of the hotels they expect to open in North America.

http://www.hotelmanagement.net/developme...in-america-middle-east-and-north-america

They don't quote anyone on this and SLS Atlanta is still on the sbe website from back when they announced it in June 2016. The reporter could have gotten her information from there without checking to see which projects were current so I wouldn't take much stock in this being "new" information. The lack of other movement on this is generally bad news.

[Atlanta3000]

Originally Posted by daharris80

No that's not what I meant. Its all part of the 1105 W Peachtree block.

https://www.dropbox.com/s/05p4ffq57f3tyg2/1105.jpg?dl=0

The pics below are from the GIS viewer. The 1st pic is the parcel where the condo building is located within the 1105 WP block and the address is: 32 TWELFTH ST NE. Given the fact the condo building is on the East side of the block and the address is Northeast, I do not think the 40 West 12th trademark applies to this.

The 2nd pic is 44 12th Street. Selig owns the "WEST" side of this block and Trillist owns the "East" side where they are planning their SLS Hotel.



So I think the trademark 40 West 12th is referencing the area shaded FUTURE MIXED USE in the pic below. Make sense?

[Atlanta3000]

Originally Posted by daharris80

Speaking of SLS Atlanta, here's an Oct. 2017 article from Hotel Management where sbe's growth and development over the last year is described and SLS Atlanta is listed as one of the hotels they expect to open in North America.

http://www.hotelmanagement.net/developme...in-america-middle-east-and-north-america

They don't quote anyone on this and SLS Atlanta is still on the sbe website from back when they announced it in June 2016. The reporter could have gotten her information from there without checking to see which projects were current so I wouldn't take much stock in this being "new" information. The lack of other movement on this is generally bad news.

It looks like it's ready to go...
https://aca3.accela.com/ATLANTA_GA/Cap/GlobalSearchResults.aspx?QueryText=1122+Crescent+Avenue

[daharris80]

Originally Posted by Atlanta3000

So I think the trademark 40 West 12th is referencing the area shaded FUTURE MIXED USE in the pic below. Make sense?

I hear what you're saying but I don't believe that's what this is. They did not pay to have a brand developed and trademarked for a building and potential development they haven't even submitted to the Midtown DRC. Furthermore, Selig is still marketing and 44 12th Street (see my earlier link) and seeking a tenant for potential retail/restaurant or office use in the existing building. 44 is on the East corner lot of Peachtree Walk and 12th. 40 would be on the west side of the street, which happens to be exactly where the entrance is for a residential building Selig has already begun construction on.

It's clear to me that this trademark, like the 1105 trademark that was filed and approved at the same time, is for the residential building as part of the 1105 block. But it appears we're going to disagree. No problem, we'll see soon enough who's right.

[Street Advocate]

Yeah I’m thinking google is wrong on this one and daharris has it right. The GIS viewer clearly shown a 40 12th Street west of Peachtree walk. That said, we are probably in for another big project for the future mixed use 3k pointed out. I just don’t think the parcel south of sky house is in play yet from what I see as parcel numbers at its location. Also to remember, SLS is only the northern half of the block. And I cannot recall if it takes up the either northern half or just a quarter or portion smaller than the entire half.

[daharris80]

Originally Posted by Street Advocate

Yeah I’m thinking google is wrong on this one and daharris has it right. The GIS viewer clearly shown a 40 12th Street west of Peachtree walk. That said, we are probably in for another big project for the future mixed use 3k pointed out. I just don’t think the parcel south of sky house is in play yet from what I see as parcel numbers at its location. Also to remember, SLS is only the northern half of the block. And I cannot recall if it takes up the either northern half or just a quarter or portion smaller than the entire half.

SA the Peacemaker!

[Kh9142]

Originally Posted by daharris80

I hear what you're saying but I don't believe that's what this is. They did not pay to have a brand developed and trademarked for a building and potential development they haven't even submitted to the Midtown DRC. Furthermore, Selig is still marketing and 44 12th Street (see my earlier link) and seeking a tenant for potential retail/restaurant or office use in the existing building. 44 is on the East corner lot of Peachtree Walk and 12th. 40 would be on the west side of the street, which happens to be exactly where the entrance is for a residential building Selig has already begun construction on.

It's clear to me that this trademark, like the 1105 trademark that was filed and approved at the same time, is for the residential building as part of the 1105 block. But it appears we're going to disagree. No problem, we'll see soon enough who's right.

Exactly what I was saying. I think anything else is a stretch at this point, but hey, it would be nice!

[pica]

Originally Posted by daharris80

Below is a rendering of the 12th Street elevation with the branded trademarks A3000 found inserted in (by me):

https://www.dropbox.com/s/05p4ffq57f3tyg2/1105.jpg?dl=0

Great job of connecting those dots. Those two logos are absolutely graphic representations of those two buildings.

[Martinman]

Originally Posted by Libertarian

Maybe I missed something. Is there a new owner/developer?

No the developer has not changed. But your question helps explain why you're so off base regarding this development and their potential to pull this off.

The firm has an impressive portfolio of landmark properties including Union Station in Washington, D.C., , Faneuil Hall Marketplace in Boston, Rivercenter in San Antonio, and several properties along Madison Avenue in Manhattan.

https://www.bizjournals.com/atlanta/real...aled-for-650-million-trio-of-towers.html

With a portfolio containing more than 100 buildings valued at $12 billion, Ashkenazy Acquisition has a superior performance history in purchasing and managing premier assets.

http://www.aacrealty.com/about

[Libertarian]

I don't claim to have time to thoroughly research anything outside what I do for a living. Is there any filing or news article newer than 2014 to show that Ashkenazy Acquisition is still owner/developer of the property? The Opus marketing website makes no mention of Ashkenazy. Who's really behind that curtain?

[Libertarian]

I'd love to own an apartment in this building. The surrounding neighborhood and Art Walk will be fantastic in 5 years. But damned if I would get into something where there's not an owner/developer with preferably local experience, but failing that I don't even know for sure who they are.

[RocketSurgeon]

Originally Posted by Libertarian

I don't claim to have time to thoroughly research anything outside what I do for a living. Is there any filing or news article newer than 2014 to show that Ashkenazy Acquisition is still owner/developer of the property? The Opus marketing website makes no mention of Ashkenazy. Who's really behind that curtain?

It was in the Nov 7 article that started this conversation:

The Manhattan development team [Olympia Heights] backed Ashkenazy Acquisition Corp.

https://www.bizjournals.com/atlanta/news...ch-dirt-to-start-moving-on-53-story.html

[Libertarian]

I have doubts about the accuracy of that. Show me more.