Atlanta Project Thread IV

[smArTaLlone]

Originally Posted by TothebackofPhipps

Land was completely cleared today.

Nice! Post was not kidding that they wanted to get ahead of the competition.

Originally Posted by Inman Parker

If we are assuming correctly, that is massive news. That lot is definitely a major link in the potential fabric of midtown.

I agree. This and the proposal at Peachtree and 5th have the potential to bridge some of the gaps in Midtown's built environment.

[smArTaLlone]

http://www.reporternewspapers.net/2013/08/02/residential-towers-proposed-for-piedmont-and-lenox-2/

A Florida-based developer is barreling forward with plans for two Buckhead apartments towers — rising 26 and 19 stories, respectively — near the intersection of Piedmont and Lenox roads. Last month, Atlanta's Zoning Review Board voted unanimously in favor of the project by Crocker Partners.

The pair of towers would include 703 residential units on a 6.5 acre parcel near the Prominence building, where plans for a similar office tower never materialized.

[WFTGATL]

I live on the 33rd floor of Viewpoint. I can see this property from my unit. On this past Saturday I somone was doing soil drillig samples throughout this parking lot. So my guess is yes this is the site.

[smArTaLlone]

Originally Posted by WFTGATL

I live on the 33rd floor of Viewpoint. I can see this property from my unit. On this past Saturday I somone was doing soil drillig samples throughout this parking lot. So my guess is yes this is the site.

Cool! Thanks for the tip.

[smArTaLlone]

http://www.bizjournals.com/atlanta/real_talk/2013/08/novare-plans-new-buckhead-residential.html

Yet another Buckhead high-rise residential tower is slated for development.

Novare Group, Batson-Cook Development Company, and Ackerman & Co. are planning SkyHouse Buckhead, a 26-story, 364-unit luxury tower. The site is just off Peachtree Road next to the new MARTA pedestrian bridge that’s going to cross over Ga. 400.

The site is also behind Maggiano’s Little Italy Restaurant.

[arjay57]

Originally Posted by smArTaLlone

http://www.bizjournals.com/atlanta/real_talk/2013/08/novare-plans-new-buckhead-residential.html

Good grief, how many apartment towers does this city need? In Buckhead alone there's Post, Park Place, Prominence, Dante's, and now this one. Wasn't Lenox talking about doing one, too?

I'm sure there are at least that many going up in Midtown as well.

Let's hope the momentum holds steady.

[smArTaLlone]

Originally Posted by arjay57

Good grief, how many apartment towers does this city need? In Buckhead alone there's Post, Park Place, Prominence, Dante's, and now this one. Wasn't Lenox talking about doing one, too?

I'm sure there are at least that many going up in Midtown as well.

Let's hope the momentum holds steady.

Don't forget Buckhead Atlanta.

According to the experts, apartments are not being built as fast as new renters are entering the market, thus the substantial rise in rental rates across the board. I suppose the 3-4 years when virtually nothing was built might be one cause of the current state of the apartment market.

I'm wondering when/if will we start to see conversion to condos in some of these buildings.

[arjay57]

Originally Posted by smArTaLlone

Don't forget Buckhead Atlanta.

Oh, yeah, I did forget about that! There's also that place next door to the St. Regis that opened up, PCM and no telling how many lowrise projects underway throughout the city.

I'm sure you are right that there's a lot of pent up demand. It's just surprising to see all this happening at once.

But I like it.

[Inman Parker]

Can Buckhead's infrastructure handle this? Hopefully, they are looking at ways to deal with the increase in residents.

[arjay57]

Originally Posted by Inman Parker

Can Buckhead's infrastructure handle this? Hopefully, they are looking at ways to deal with the increase in residents.

That's a very good question.

Between 2000-2010, NPU-B (central Buckhead) was the fastest growing area in the city, with 8,647 new residents. NPU-E (Midtown) grew almost as much, adding 7,660 new residents.

However, in terms of infrastructure NPU-E has 4 train stations, if we include Civic Center, versus only 3 in NPU-B. E has access to both I-75 and I-85; B has access to I-85 and GA400.

The biggest advantage by far in Midtown is the street grid between North and 14th. That gives both N/S and E/W connectivity that could never exist in the Lenox section. While the Buckhead village area does have a partial grid it is nowhere near as extensive.

I suspect Buckhead will continue to grow quite a bit in the next couple of decades but at some point it has to max out with the current infrastructure.

[Inman Parker]

Originally Posted by arjay57

That's a very good question.

Between 2000-2010, NPU-B (central Buckhead) was the fastest growing area in the city, with 8,647 new residents NPU-E (Midtown) grew almost as much, adding 7,660 new residents.

However, in terms of infrastructure NPU-E has 4 train stations, if we include Civic Center, versus only 3 in NPU-B. E has access to both I-75 and I-85; B has access to I-85 and GA400.

The biggest advantage by far in Midtown is the street grid between North and 14th. That gives both N/S and E/W connectivity that could never exist in the Lenox section. While the Buckhead village area does have a partial grid it is nowhere near as extensive.

I suspect Buckhead will continue to grow quite a bit in the next couple of decades but at some point it has to max out with the current infrastructure.

Buckhead, Lenox and what is the third station? A major problem with the current set up is that Buckhead Atlanta is ~1 mile from the Buckhead station, so I wouldnt count on too many people using that method of transit, unless there will be an appealing transfer method between the two.

[arjay57]

Originally Posted by Inman Parker

Buckhead, Lenox and what is the third station?

Lindbergh.

I agree that Buckhead Atlanta isn't likely to get many customers using transit.

Some of their apartment residents may use the bus, but alas, as in so many parts of the city the train is a mile away. We had the same problem when we lived in Virginia-Highland.

I wonder if the CID has considered extending the shuttle down to BA?

[Inman Parker]

Originally Posted by arjay57

Lindbergh.

I agree that Buckhead Atlanta isn't likely to get many customers using transit.

Some of their apartment residents may use the bus, but alas, as in so many parts of the city the train is a mile away. We had the same problem when we lived in Virginia-Highland.

I wonder if the CID has considered extending the shuttle down to BA?

How many other parts of the city with a large base of highrise density is the train a mile away? Cumberland, but that doesnt have a residential component and isnt remotely as large as downtown, midtown or buckhead. Other than that, I can't think of one.

[arjay57]

Originally Posted by Inman Parker

How many other parts of the city with a large base of highrise density is the train a mile away? Cumberland, but that doesnt have a residential component and isnt remotely as large as downtown, midtown or buckhead. Other than that, I can't think of one.

Exactly. I think that is why most of the new residential highrises in Midtown and Buckhead are being built near transit. If I'm not mistaken, the rail stations in both areas are all clustered within .8 mile of one another. With a multi-billion dollar rail system in place, why not take advantage of it?

[bryantm3]

Originally Posted by arjay57

That's a very good question.

Between 2000-2010, NPU-B (central Buckhead) was the fastest growing area in the city, with 8,647 new residents. NPU-E (Midtown) grew almost as much, adding 7,660 new residents.

However, in terms of infrastructure NPU-E has 4 train stations, if we include Civic Center, versus only 3 in NPU-B. E has access to both I-75 and I-85; B has access to I-85 and GA400.

The biggest advantage by far in Midtown is the street grid between North and 14th. That gives both N/S and E/W connectivity that could never exist in the Lenox section. While the Buckhead village area does have a partial grid it is nowhere near as extensive.

I suspect Buckhead will continue to grow quite a bit in the next couple of decades but at some point it has to max out with the current infrastructure.

the whole central buckhead area surrounding peachtree and 400 needs some major infrastructure changes. basically you've got two "superblocks" on either side of 400, between lenox road and peachtree, and that's where the core of the change needs to happen.

instead of being a completely pedestrian inaccessible parking lot with fences and trees dividing the separate properties, they need to raise the ground level two or three stories, make the below street level areas for parking and for deliveries, and build streets in between all the buildings.

it would be a complicated project, but it would certainly do a lot of good for buckhead.

[arjay57]

Apparently Simon has decided to put more of its property into play.

The first new hotel to rise on Peachtree Road since the Great Recession is being planned next to Phipps Plaza.

Retail giant Simon Property Group Inc. is looking to build an Aloft hotel on roughly 1.7 acres that it owns at Peachtree and Wieuca roads in Buckhead, near the Nordstrom department store.

More..New hotel planned on Peachtree next to Phipps

[smArTaLlone]

Aloft Hotel Planned on Peachtree next to Phipps

The first hotel on Peachtree Road since the Great Recession is planned next to Phipps Plaza. Retail giant Simon Property is looking to build an Aloft hotel on roughly 1.7 acres that it owns on Peachtree and Wieuca roads in Buckhead near the Nordstrom department store.

http://www.bizjournals.com/atlanta/print...-planned-on-next-to-phipps.html?page=all

Amli to buy former 'Cityplace' land

Amli has under contract two pieces of land at Roxboro and East Paces Ferry roads in Buckhead. Amli would likely develop 800 to 1,000 units on more than 7 acres. The land is viewed as a prime multifamily site because of its location near Lenox Square Mall and the Lenox MARTA Station.

http://www.bizjournals.com/atlanta/print-edition/2013/08/09/amli-puts-buckhead-parcels-in-play.html

[arjay57]

An interesting tidbit at the end of that article on the hotel:

Simon recently has eyed new projects on underutilized parcels it owns.

In June, Simon confirmed it has a joint venture with Miami-based developer The Related Group to build an apartment tower behind Lenox Square mall, near Bloomingdale’s department store. The current plan is a scaled-back version of a $250 million luxury condo development originally proposed in 2006 that stalled during the recession.

Project leaders on Aug. 7 went before the local Development Review Committee to start the permitting process.

As I recall that was approved for two towers on the back side of Lenox Square, near the MARTA station. Does this mean they are just going to build one?

[smArTaLlone]

Originally Posted by arjay57

An interesting tidbit at the end of that article on the hotel:



As I recall that was approved for two towers on the back side of Lenox Square, near the MARTA station. Does this mean they are just going to build one?

According to Simon's 2013 development portfolio, they are planning 375 units in phase 1 and 350 units in phase 2.

[arjay57]

Originally Posted by smArTaLlone

According to Simon's 2013 development portfolio, they are planning 375 units in phase 1 and 350 units in phase 2.

Thanks, smArTaLlone.

What would that typically translate to in height, 25-30 stories?