Quote:
Originally Posted by Atlanta3000
Just as I suspected yesterday, Integral is not selling the Eviva site. Hopefully they will position the new project as a condo.
Midtown’s highly anticipated EVIVA tower is officially off the table.
For now Developer Integral Group still controls and has confidence in the high-profile site, reps say
https://atlanta.curbed.com/2018/5/18...integral-group
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I mentioned it before, but Nashville had a project (West End Summit) just like this. The developer, Alex Palmer, sat on the land forever (a whole decade) and nothing ever came of it, despite having tenants lined up as well as financing. Because of his sheer incompetence in managing this project, those tenants eventually jumped ship and signed on to projects managed by more competent developers (that have long since been completed).
After virtual silence for several more years (other than the occasional insistence that "something" would be built on their site), Alex Palmer just finally sold it last month to another developer who's actually serious about developing the site (work has already started on it).
Atlanta should at least be grateful that it doesn't have a literal lake in the middle of its city from partial exacavation like Nashville.
I like the fact that you're remaining cautiously optimistic, but if this developer can't seem to get this project off the ground at a time when the city's population is booming, demand is red hot for housing and the economy is firing on all cylinders, it's understandable why others would be skeptical about the prospects of them ever building something on the land.