ATLANTA | Development Thread V

[jayhorn5]

Originally Posted by tech

Is it true that Tech wanted to demolish the Crum & Forster building to extend Tech Square? If that is the case, why don't they extend Tech Square into the parking lot across from the Parking Office and Barnes & Noble instead? We need to get rid of surface parking lots, not historical buildings!

From what I remember when I finished business school at Tech last year, the parking lot directly across from B&N at Tech Square is slated for the Industrial Engineering program. The yellow brick building facing the Biltmore will be demolished as a part of that. I don't think there are defined plans, but there is something going there.

[boomtown]

How much U.S. metros will grow
Bizjournals projects which metros will grow fastest, the slowest and drop from the top 10
bizjournals - June 1, 2009
by G. Scott Thomas

Projecting population growth is as much an art as a science — and often an inexact art at that. But it still offers an interesting, useful and provocative view of the future.
That’s why bizjournals is issuing its own population projections for the nation’s 250 largest metropolitan areas, looking as far ahead as 2025.
Bizjournals analyzed recent county-by-county growth patterns within each state, and then used that information to predict metropolitan growth at five-year intervals between 2005 and 2025.
No one can foresee all of the economic twists and demographic turns that the coming two decades will bring, but bizjournals’ projections suggest a range of intriguing possibilities. Here are 10 of particular interest:

1. New York City will retain first place by a comfortable margin.

The nation’s largest metropolitan area is the 23-county New York City region, which spills over into Long Island, New Jersey and Pennsylvania. It had 18.8 million residents in 2005, according to U.S. Census Bureau estimates. No. 2 Los Angeles was far behind at 12.8 million.

Los Angeles is growing more rapidly than New York, but not fast enough to close the gap appreciably. The two giants will still be separated by 5.8 million people in 2025, when New York has 19.8 million residents and Los Angeles has a shade more than 14 million.

2. Houston and Atlanta will climb into the top six.

Houston was the nation’s seventh-largest metro in 2005, and Atlanta was No. 9. Both will be moving higher in coming years.
Houston is projected to shoot up to fifth place by 2025, adding almost 2.6 million people to reach a population of nearly 7.9 million. Atlanta is ticketed for sixth place at 7.3 million.
The top four metros, by the way, will maintain precisely the same order over the 20-year period: New York, Los Angeles, Chicago and Dallas-Fort Worth.

3. Detroit will drop out of the top 10, with Phoenix replacing it.

Detroit and Phoenix are two of the most economically troubled areas in America today, but their future prospects are considerably different.
Detroit is the only metro expected to slip from the top 10 during the next two decades. It’s projected to fall from 10th place in 2005 to 14th place in 2025, losing 59,500 residents during that span.
Phoenix, on the other hand, is likely to bounce back strongly from its current problems. Its projected 2025 population of 6.9 million will elevate it to seventh place, up from 13th in 2005.

4. Raleigh will set the fastest pace of any metropolitan area.

The three-county Raleigh metro will virtually double its population during the study period. It had 953,000 residents in 2005, but should be closing in on 1.9 million by 2025.
That’s an increase of 97.7 percent in 20 years, which equals an annual growth rate of 3.5 percent. No other metro will expand as rapidly.
Five other areas are projected to increase their populations by more than 80 percent between 2005 and 2025. They are, in order of growth rate, Provo, Utah; Cape Coral-Fort Myers, Fla.; Ocala, Fla.; Austin; and Port St. Lucie, Fla.

5. Eighteen areas are expected to lose at least 5 percent of their current populations.

The biggest declines are projected for two metros along the Gulf of Mexico — Gulfport, Miss., down 23 percent, and New Orleans, down 19.3 percent.
Both areas were devastated by Hurricanes Katrina and Rita in 2005. That damage affected their projection formulas, which were based on population trends from the past decade. It remains to be seen if the two metros will suffer long-term drops or will eventually recover from their short-term losses.
Most of the other projected decliners are industrial metros with fading manufacturing sectors, such as Youngstown, Ohio (down 15.6 percent between 2005 and 2025), Buffalo (down 9.7 percent) and Cleveland (down 8.9 percent).

6. Seven metros currently in the top 50 will climb at least five places, led by Austin.

Raleigh barely missed the top 50 in 2005, ranking 51st in metropolitan population. It’s projected to reach 38th place by 2025.
Austin is the only top 50 market that will match Raleigh’s upward mobility during the 20-year span, climbing 13 notches from 38th to 25th.
The runners-up among the top 50 will be Las Vegas and Charlotte, rising 10 places to 22nd and 27th respectively. Orlando will improve by nine places, and Jacksonville, Nashville and Phoenix will gain six each.

7. Cleveland will fall the farthest of any metro currently in the top 50.

Cleveland, with more than 2.1 million residents, ranked a respectable 23rd in 2005.
But the long-range outlook is gloomy. Cleveland is projected to lose 189,000 people by 2025, pushing its total down to 1.93 million. It will consequently plummet 14 places to 37th in the national standings.
Other major drops will be suffered by New Orleans (down 12 places), Pittsburgh (down 10), Buffalo (down eight) and Rochester, N.Y. (down seven).

8. Eight metros will join the million-plus club between 2005 and 2025.

Two have already crossed the line, with Raleigh’s population reaching 1 million in November 2006 and Tucson following suit in September 2008.
Next up is Fresno, Calif., which is projected to hit seven figures in April 2015. It will be followed by Bakersfield, Calif.; Cape Coral-Fort Myers, Fla.; McAllen-Edinburg, Texas; Albuquerque; and Tulsa.
The latter is expected to hit 1 million in July 2025, just a few days after its projected July 1 population of 999,753.

9. A few others will reach higher population milestones.

Ten metros are projected to pass the 2 million mark during the 2005-2025 period. Four areas will top 3 million, and three apiece will zip past the 4 million or 5 million thresholds.
Chicago will reach the most dramatic milestone of all in February 2020, when it hits 10 million, joining New York and Los Angeles as the only metros with eight-figure populations.

10. Some smaller places will move rapidly up the charts.

Gainesville, Ga., and Ocala, Fla., will never be mistaken for major metropolitan areas. They collectively had just 466,000 residents in 2005, and they’ll remain well short of a million by 2025.
But both will make considerable progress in the population standings, climbing 50 places in 20 years. Ocala will jump from 151st place in 2005 to 101st in 2025, and Gainesville will soar from 233rd to 183rd.

Five other areas will gain at least 40 positions: Kennewick, Wash.; Myrtle Beach, S.C.; Port St. Lucie, Fla.; and Prescott and Yuma, Ariz.

[cybele]

Originally Posted by boomtown

3. Detroit will drop out of the top 10, with Phoenix replacing it.

Once Detroit gets these auto company bankruptcies out of the way it could come roaring back.

[cabasse]

the biggest thing holding detroit back is the collective mindset of the people who live there. that's probably not gonna change.

[cybele]

Streets' restart set for July

After months of slowed activity and virtually no construction on The Streets of Buckhead, Ben Carter’s $1.5 billion luxury mixed-use development in the heart of Buckhead, the cranes will be moving, concrete pouring and workers scurrying again in July, according to a May 22 report in Women’s Wear Daily, a leading national retail trade publication.

Carter, developer of the seven-block planned development of high-end boutiques, renowned restaurants, hotels and residences, halted the project in March to renegotiate contracts for labor and materials during the downturn in the economy. He said the negotiations were successful in reducing those costs by at least $10 million.

The development, on the east side of Peachtree Road between Pharr and Paces Ferry roads, is to feature 600,000 square feet of retail space and 350 rental apartments. The first phase of construction, with 375,000 square feet of retail and all the rental units, now is targeted for completion in fall 2010, according to Carter. The initial target date was fall 2009.

[micropundit]

THE BUCKHEAD REPORTER
by John F. Schaffner
May 29, 2009

Atlanta-based Barry Real Estate Cos., which last year dropped plans to build a luxury hotel at The Streets of Buckhead, is seeking a zoning change for property around the corner at 79 W. Paces Ferry Road to build a hotel/condominium project that essentially will mirror the new St. Regis across West Paces Ferry.

The development would feature 250 hotel rooms and 50 condominiums, and the ground floor would include retail space.

Since the 1980s, a German trust company has owned the property, which stretches from West Paces Ferry Place to the driveway for 103 West. There is no immediate timetable for construction.

The project would replace several retail buildings along West Paces Ferry Road, as well as upscale town homes behind the shops that are accessed from West Paces Ferry Way.

The new development would not exceed a height of 325 feet, about the same as the St. Regis, but would appear shorter than the St. Regis, which sits on higher land.

Barry’s attorneys appeared before the Transportation & Development Committee of Neighborhood Planning Unit B (NPU-B) on May 19 and before the NPU-B Zoning Committee May 26, seeking a change in zoning on the property to planned development mixed use (PDMU), which conforms with the new SPI-9 overlay standards for that area of Buckhead. Both NPU-B committees gave conditional approval to the zoning change and development plan. But the Zoning Committee also conditioned its approval on a letter from the adjacent neighborhood stating it does not object, to be presented to the NPU-B full board at its meeting June 2.

Barry’s attorneys said the Tuxedo Park neighborhood has voted in favor of the development, but a member of the Zoning Committee said there was no neighborhood vote.

Committee members also questioned the rush to approval for a project that likely will not be built for four to five years.

The retail, hotel and residential elements would share a parking deck, part of which would be underground. The above-ground parking would be screened according to recent changes in city ordinances. At least one level of the parking deck must be vanpool accessible, and the developer must provide at least 25 bicycle parking spaces.

Lord Aeck Sargent Architecture developed the site plan.

The two major concerns voiced were the height of the building, which is less than the zoning allows for properties between the planned development and the neighborhood, and the potential stormwater runoff rate.

Before taking down the existing structures, Barry must create demolition management plans for traffic and submit them to NPU-B and the city’s planning director.

Barry has not disclosed the name of the hotel, but in August 2007 the company announced its intention to build its first luxury 1 Hotel & Residences at Peachtree and Pharr roads.

Barry withdrew the hotel plans from The Streets of Buckhead early in 2008.

[liat91]

Originally Posted by boomtown

How much U.S. metros will grow
Bizjournals projects which metros will grow fastest, the slowest and drop from the top 10
bizjournals - June 1, 2009
by G. Scott Thomas

Projecting population growth is as much an art as a science — and often an inexact art at that. But it still offers an interesting, useful and provocative view of the future.
That’s why bizjournals is issuing its own population projections for the nation’s 250 largest metropolitan areas, looking as far ahead as 2025.
Bizjournals analyzed recent county-by-county growth patterns within each state, and then used that information to predict metropolitan growth at five-year intervals between 2005 and 2025.
No one can foresee all of the economic twists and demographic turns that the coming two decades will bring, but bizjournals’ projections suggest a range of intriguing possibilities. Here are 10 of particular interest:

1. New York City will retain first place by a comfortable margin.

The nation’s largest metropolitan area is the 23-county New York City region, which spills over into Long Island, New Jersey and Pennsylvania. It had 18.8 million residents in 2005, according to U.S. Census Bureau estimates. No. 2 Los Angeles was far behind at 12.8 million.

Los Angeles is growing more rapidly than New York, but not fast enough to close the gap appreciably. The two giants will still be separated by 5.8 million people in 2025, when New York has 19.8 million residents and Los Angeles has a shade more than 14 million.

2. Houston and Atlanta will climb into the top six.

Houston was the nation’s seventh-largest metro in 2005, and Atlanta was No. 9. Both will be moving higher in coming years.
Houston is projected to shoot up to fifth place by 2025, adding almost 2.6 million people to reach a population of nearly 7.9 million. Atlanta is ticketed for sixth place at 7.3 million.
The top four metros, by the way, will maintain precisely the same order over the 20-year period: New York, Los Angeles, Chicago and Dallas-Fort Worth.

3. Detroit will drop out of the top 10, with Phoenix replacing it.

Detroit and Phoenix are two of the most economically troubled areas in America today, but their future prospects are considerably different.
Detroit is the only metro expected to slip from the top 10 during the next two decades. It’s projected to fall from 10th place in 2005 to 14th place in 2025, losing 59,500 residents during that span.
Phoenix, on the other hand, is likely to bounce back strongly from its current problems. Its projected 2025 population of 6.9 million will elevate it to seventh place, up from 13th in 2005.

4. Raleigh will set the fastest pace of any metropolitan area.

The three-county Raleigh metro will virtually double its population during the study period. It had 953,000 residents in 2005, but should be closing in on 1.9 million by 2025.
That’s an increase of 97.7 percent in 20 years, which equals an annual growth rate of 3.5 percent. No other metro will expand as rapidly.
Five other areas are projected to increase their populations by more than 80 percent between 2005 and 2025. They are, in order of growth rate, Provo, Utah; Cape Coral-Fort Myers, Fla.; Ocala, Fla.; Austin; and Port St. Lucie, Fla.

5. Eighteen areas are expected to lose at least 5 percent of their current populations.

The biggest declines are projected for two metros along the Gulf of Mexico — Gulfport, Miss., down 23 percent, and New Orleans, down 19.3 percent.
Both areas were devastated by Hurricanes Katrina and Rita in 2005. That damage affected their projection formulas, which were based on population trends from the past decade. It remains to be seen if the two metros will suffer long-term drops or will eventually recover from their short-term losses.
Most of the other projected decliners are industrial metros with fading manufacturing sectors, such as Youngstown, Ohio (down 15.6 percent between 2005 and 2025), Buffalo (down 9.7 percent) and Cleveland (down 8.9 percent).

6. Seven metros currently in the top 50 will climb at least five places, led by Austin.

Raleigh barely missed the top 50 in 2005, ranking 51st in metropolitan population. It’s projected to reach 38th place by 2025.
Austin is the only top 50 market that will match Raleigh’s upward mobility during the 20-year span, climbing 13 notches from 38th to 25th.
The runners-up among the top 50 will be Las Vegas and Charlotte, rising 10 places to 22nd and 27th respectively. Orlando will improve by nine places, and Jacksonville, Nashville and Phoenix will gain six each.

7. Cleveland will fall the farthest of any metro currently in the top 50.

Cleveland, with more than 2.1 million residents, ranked a respectable 23rd in 2005.
But the long-range outlook is gloomy. Cleveland is projected to lose 189,000 people by 2025, pushing its total down to 1.93 million. It will consequently plummet 14 places to 37th in the national standings.
Other major drops will be suffered by New Orleans (down 12 places), Pittsburgh (down 10), Buffalo (down eight) and Rochester, N.Y. (down seven).

8. Eight metros will join the million-plus club between 2005 and 2025.

Two have already crossed the line, with Raleigh’s population reaching 1 million in November 2006 and Tucson following suit in September 2008.
Next up is Fresno, Calif., which is projected to hit seven figures in April 2015. It will be followed by Bakersfield, Calif.; Cape Coral-Fort Myers, Fla.; McAllen-Edinburg, Texas; Albuquerque; and Tulsa.
The latter is expected to hit 1 million in July 2025, just a few days after its projected July 1 population of 999,753.

9. A few others will reach higher population milestones.

Ten metros are projected to pass the 2 million mark during the 2005-2025 period. Four areas will top 3 million, and three apiece will zip past the 4 million or 5 million thresholds.
Chicago will reach the most dramatic milestone of all in February 2020, when it hits 10 million, joining New York and Los Angeles as the only metros with eight-figure populations.

10. Some smaller places will move rapidly up the charts.

Gainesville, Ga., and Ocala, Fla., will never be mistaken for major metropolitan areas. They collectively had just 466,000 residents in 2005, and they’ll remain well short of a million by 2025.
But both will make considerable progress in the population standings, climbing 50 places in 20 years. Ocala will jump from 151st place in 2005 to 101st in 2025, and Gainesville will soar from 233rd to 183rd.

Five other areas will gain at least 40 positions: Kennewick, Wash.; Myrtle Beach, S.C.; Port St. Lucie, Fla.; and Prescott and Yuma, Ariz.

Has this guy taken into account the dramatic slowing of internal migration and the slowing down of immigration from Latin America and Asia? Even illegal immigration has slowed considerably. Fertility rates of hispanics are starting to fall now that the entire states of high fertility Oaxaca and Michoacan are here and have had their kids. Either way, interesting read..

[Atlwest281]

Monday, June 1, 2009, 8:35pm EDT
NCR moving HQ to Duluth, to bring 2,100-plus jobs to Georgia
Atlanta Business Chronicle - by Urvaksh Karkaria Staff Writer

NCR Corp., a Fortune 500 company, will relocate its corporate headquarters from Dayton, Ohio, to Duluth, Ga.—adding clout to metro Atlanta’s technology rep.

NCR will relocate 1,250 corporate jobs to its Gwinnett County operation, a source familiar with the plan said. The company is also expected to launch a 550,000-square-foot manufacturing operation in Macon, where it will employ nearly 880, the source said.

Gov. Sonny Perdue is expected to make the announcement Tuesday.

NCR CEO Bill Nuti and Ohio Gov. Ted Strickland spoke by phone Monday evening, and Nuti told Strickland the company has been looking at Georgia for some time, according to an official in the Ohio governor’s office. Strickland is said to have proposed economic incentives to convince Nuti to keep the company in Ohio.

Atlanta Business Chronicle, and sister publication Dayton Business Journal, first reported NCR’s interest in relocating to Georgia May 31.

NCR (NYSE: NCR), which makes automated teller machines (ATMs) and retail self-checkouts, will be Georgia’s 14th Fortune 500 company and the second in Duluth. Last July, Asbury Automotive Group Inc. announced the relocation of its headquarters to Duluth from New York.

NCR, which employs 20,000 employees globally, ranked 446 on the 2009 Fortune 500 list. The company, which did not return calls Monday, reported profits of $228 million on revenues of $5.3 billion last year.

Last fall, NCR said it would move its Worldwide Customer Services headquarters to metro Atlanta, investing $15 million and creating more than 900 jobs in Peachtree City and Duluth. In October, NCR said it would co-locate an NCR Learning Center and its Customer Care Center hub for the Americas region with the company’s existing Global Service Materials operation in Peachtree City.

NCR, which occupies about 150,000 square feet at its Satellite Boulevard operation in Duluth, will lease an additional 100,000 to 200,000 square feet at that facility. The corporate jobs will pay on average about $70,000 annually.

The manufacturing distribution operation will be located in two buildings and make ATMs, according to the source. Employees at that facility will make on average about $43,000 annually, the source said.

NCR received tax incentives from both Gwinnett and Macon governments, the source said. He declined to disclose details about the state’s incentive package.

While Dayton, where NCR was founded in 1884, is the company’s official headquarters — the city is not the center of the company’s influence.

Nuti, along with the company’s chief financial officer and other senior executives maintain offices on an entire floor of 7 World Trade Center in Manhattan. In March, NCR removed the language “world headquarters” from the sign at its Dayton campus.

Relocating to Atlanta — the commercial capital of the Southeast — makes sense.

Four of the cities in Ohio — Youngstown, Canton, Dayton and Cleveland— are among the top 10 dying cities in America, according to an August 2008 report in Forbes.

“They [NCR] can’t recruit talent to move to Dayton, Ohio,” the source said.

Delta Air Lines Inc., The Home Depot Inc. and Sun Trust Banks Inc.— are big NCR customers — are also headquartered in metro Atlanta.

NCR supplies Delta with self-service kiosks, and NCR and Home Depot announced a deal in 2002 to install self-checkout lanes in about 800 of its 1,487 stores. In 2007, the two companies announced a deal to expand the project into Home Depot stores in Canada.

In 2005, SunTrust said NCR would upgrade existing ATMs and provide new ATMs for all new SunTrust branches.

Great news for Atlanta indeed! Bring on more people and talent. :-)

[briantech]

Originally Posted by Atlwest281

Monday, June 1, 2009, 8:35pm EDT
NCR moving HQ to Duluth, to bring 2,100-plus jobs to Georgia
Atlanta Business Chronicle - by Urvaksh Karkaria Staff Writer

NCR Corp., a Fortune 500 company, will relocate its corporate headquarters from Dayton, Ohio, to Duluth, Ga.—adding clout to metro Atlanta’s technology rep.

NCR will relocate 1,250 corporate jobs to its Gwinnett County operation, a source familiar with the plan said. The company is also expected to launch a 550,000-square-foot manufacturing operation in Macon, where it will employ nearly 880, the source said.

Gov. Sonny Perdue is expected to make the announcement Tuesday.

NCR CEO Bill Nuti and Ohio Gov. Ted Strickland spoke by phone Monday evening, and Nuti told Strickland the company has been looking at Georgia for some time, according to an official in the Ohio governor’s office. Strickland is said to have proposed economic incentives to convince Nuti to keep the company in Ohio.

Atlanta Business Chronicle, and sister publication Dayton Business Journal, first reported NCR’s interest in relocating to Georgia May 31.

NCR (NYSE: NCR), which makes automated teller machines (ATMs) and retail self-checkouts, will be Georgia’s 14th Fortune 500 company and the second in Duluth. Last July, Asbury Automotive Group Inc. announced the relocation of its headquarters to Duluth from New York.

NCR, which employs 20,000 employees globally, ranked 446 on the 2009 Fortune 500 list. The company, which did not return calls Monday, reported profits of $228 million on revenues of $5.3 billion last year.

Last fall, NCR said it would move its Worldwide Customer Services headquarters to metro Atlanta, investing $15 million and creating more than 900 jobs in Peachtree City and Duluth. In October, NCR said it would co-locate an NCR Learning Center and its Customer Care Center hub for the Americas region with the company’s existing Global Service Materials operation in Peachtree City.

NCR, which occupies about 150,000 square feet at its Satellite Boulevard operation in Duluth, will lease an additional 100,000 to 200,000 square feet at that facility. The corporate jobs will pay on average about $70,000 annually.

The manufacturing distribution operation will be located in two buildings and make ATMs, according to the source. Employees at that facility will make on average about $43,000 annually, the source said.

NCR received tax incentives from both Gwinnett and Macon governments, the source said. He declined to disclose details about the state’s incentive package.

While Dayton, where NCR was founded in 1884, is the company’s official headquarters — the city is not the center of the company’s influence.

Nuti, along with the company’s chief financial officer and other senior executives maintain offices on an entire floor of 7 World Trade Center in Manhattan. In March, NCR removed the language “world headquarters” from the sign at its Dayton campus.

Relocating to Atlanta — the commercial capital of the Southeast — makes sense.

Four of the cities in Ohio — Youngstown, Canton, Dayton and Cleveland— are among the top 10 dying cities in America, according to an August 2008 report in Forbes.

“They [NCR] can’t recruit talent to move to Dayton, Ohio,” the source said.

Delta Air Lines Inc., The Home Depot Inc. and Sun Trust Banks Inc.— are big NCR customers — are also headquartered in metro Atlanta.

NCR supplies Delta with self-service kiosks, and NCR and Home Depot announced a deal in 2002 to install self-checkout lanes in about 800 of its 1,487 stores. In 2007, the two companies announced a deal to expand the project into Home Depot stores in Canada.

In 2005, SunTrust said NCR would upgrade existing ATMs and provide new ATMs for all new SunTrust branches.

Great news for Atlanta indeed! Bring on more people and talent. :-)

Booyah!

Throw another fortune 500 company on the pile

I think atlanta's gonna emerge out of this recession as a real fast mover and in good position to grow -- hopefully responsibly and intelligently.

[johnandahalf]

Originally Posted by briantech

I think atlanta's gonna emerge out of this recession as a real fast mover and in good position to grow -- hopefully responsibly and intelligently.

I agree. Hopefully, we'll also be able to improve our infrastructure (c'mon light rail/streetcar/beltline) to accomodate these new residents. Although, if NCR is locating in Duluth, all those new employees probably won't have much impact on traffic in the city - most of them will end up living up in Gwinetia & only come down for Braves games. BTW, I always thought NCR was based in Denver. They have a skyscraper there shaped like a cash register and it's one of Denver's tallest towers. It was NCR in the late '80s when I lived there - did they sell it?

Also, someone posted some time ago that there would be a "Five Guys" burger place in Tenside. I even remember seeing a "coming soon" sign in one of their windows. Now Jersey Mike's & Smoothie King are open, but no sign of Five Guys. Did they give up on Tenside? PLEASE say it ain't so!!

ô¿ô

Edit: It's now the "Wells Fargo Center" - 3rd tallest building in Denver. I guess NCR sold it.http://www.emporis.com/en/wm/bu/?id=wellsfargocenter-denver-co-usa. The crown is meant to resemble an old-fashioned cash register.

[sevensixtwo]

Originally Posted by cybele

Once Detroit gets these auto company bankruptcies out of the way it could come roaring back.

Originally Posted by cabasse

the biggest thing holding detroit back is the collective mindset of the people who live there. that's probably not gonna change.

Who would invest in Detroit at this point?

[Atlantan26]

Originally Posted by cybele

Streets' restart set for July

Oh good. once streets of buckhead is completed that will be a great area for the smash and grab thugs.
I just hope Ben Carter builds this place with shatter proof glass and metal gates for after hours. Not trying to be cynical here but when are these retailers that open here gonna realize they have to invest in security items to secure their stores?

[sevensixtwo]

Originally Posted by Atlwest281

NCR Corp., a Fortune 500 company, will relocate its corporate headquarters from Dayton, Ohio, to Duluth, Ga.

Duluth!?!?!?

[Atlwest281]

I think Duluth because they already have corporate structure and infrustructure there. But its great news none the less especially sense we lost some Fortune 500 companies to mergers.

[boomtown]

This isn't high-rise news, but is large enough to have development pattern implications maybe?

Orinda, Octagon plan loft/retail conversion
Atlanta Business Chronicle
Two real estate developers have bought the former NationsBank/Bank of America Operations Center in downtown Atlanta and plan to convert it into lofts and retail space.
Atlanta-based Orinda Corp. and Charlotteville, Va.-based Octagon Capital Partners reported their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal.
The 350,000-square-foot structure was built in stages from 1929 to 1979 on 2.1 acres and occupies the entire city block bounded by Spring, Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will convert the property into a rental building with 205 loft units and more than 70,000 square feet of commercial space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchell Street into rental lofts and retail space will play a significant role in the rebirth of this part of downtown Atlanta,” said Dillon Baynes, president of Orinda, in a statement. “We’re certain that living at 222 Mitchell Street will appeal to young professionals who work downtown, as well as to college students, especially those who already attend one of the many fine institutions in the area, such as Georgia State University, Spelman, Morehouse, Clark Atlanta University and Georgia Tech.”

[tdawg]

about the recent "crime wave." maybe it's time that these retailers consider the sliding metal gates that all the stores here in new york have? sure they're unsightly when they are down but they are effective.

[briantech]

Wouldn't it be a lot cheaper and more effective to just employ security guards?

[LouisianaCharm]

Originally Posted by sevensixtwo

Who would invest in Detroit at this point?

Check in Advance

[A-town]

Originally Posted by boomtown

This isn't high-rise news, but is large enough to have development pattern implications maybe?

Orinda, Octagon plan loft/retail conversion
Atlanta Business Chronicle
Two real estate developers have bought the former NationsBank/Bank of America Operations Center in downtown Atlanta and plan to convert it into lofts and retail space.
Atlanta-based Orinda Corp. and Charlotteville, Va.-based Octagon Capital Partners reported their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal.
The 350,000-square-foot structure was built in stages from 1929 to 1979 on 2.1 acres and occupies the entire city block bounded by Spring, Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will convert the property into a rental building with 205 loft units and more than 70,000 square feet of commercial space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchell Street into rental lofts and retail space will play a significant role in the rebirth of this part of downtown Atlanta,” said Dillon Baynes, president of Orinda, in a statement. “We’re certain that living at 222 Mitchell Street will appeal to young professionals who work downtown, as well as to college students, especially those who already attend one of the many fine institutions in the area, such as Georgia State University, Spelman, Morehouse, Clark Atlanta University and Georgia Tech.”

This is great news, top minds were predicting that Atlanta would be one of the first cities to emerge from the economic Pearl Harbor, this is proof, only 18 months away.

[galaca]

Originally Posted by boomtown

This isn't high-rise news, but is large enough to have development pattern implications maybe?

Orinda, Octagon plan loft/retail conversion
Atlanta Business Chronicle
Two real estate developers have bought the former NationsBank/Bank of America Operations Center in downtown Atlanta and plan to convert it into lofts and retail space.
Atlanta-based Orinda Corp. and Charlotteville, Va.-based Octagon Capital Partners reported their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal.
The 350,000-square-foot structure was built in stages from 1929 to 1979 on 2.1 acres and occupies the entire city block bounded by Spring, Forsyth, Mitchell and Nelson Streets. Orinda and Octagon will convert the property into a rental building with 205 loft units and more than 70,000 square feet of commercial space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchell Street into rental lofts and retail space will play a significant role in the rebirth of this part of downtown Atlanta,” said Dillon Baynes, president of Orinda, in a statement. “We’re certain that living at 222 Mitchell Street will appeal to young professionals who work downtown, as well as to college students, especially those who already attend one of the many fine institutions in the area, such as Georgia State University, Spelman, Morehouse, Clark Atlanta University and Georgia Tech.”

I guess it's different from the proposed redevelopment from a couple years ago?:
222 Mitchell St <<< I think that one was from Emory Morsberger .