ATLANTA | Development Thread V

[Rail>Auto]

Updated Falcons New Stadium design... http://www.ajc.com/gallery/news/local/fa...s-planned-downtown-atlant/gCFSP/#4033833

[clexmond]

Originally Posted by arjay57

Yes. Those of us with mobility challenges would be eliminated by a steep set of stairs.

Absolutely, I wasn't implying an either / or, just that they should provide both as is often the case elsewhere.

[arjay57]

Originally Posted by clexmond

Absolutely, I wasn't implying an either / or, just that they should provide both as is often the case elsewhere.

Agreed!

[jnihiser]

http://www.tonetoatl.com/2013/10/another-goldbergs-deli-is-coming-to.html#more

[bryantm3]

Originally Posted by jnihiser

http://www.tonetoatl.com/2013/10/another-goldbergs-deli-is-coming-to.html#more

the sandwiches look tasty, but i'm getting tired of "jewish delis" serving ham and cheese and whatnot— i wish we could really have a *real* jewish deli in fairlie-poplar or in midtown, one that is hagasha'd and serves the real good stuff like rolled beef.

[Immovable_Media]

"InterContinental Hotels Group Plc is the latest big target for a handful of Atlanta developers hoping to start the first new office tower since the recession.

If IHG makes such a move, it would become the second important Perimeter project, joining State Farm Insurance Co., which is working with KDC Real Estate Development to build a nearly 600,000-square-foot building in Dunwoody. That would be the first building in what could be a more than 1.5 million-square-foot Perimeter campus for the insurance giant."

http://www.bizjournals.com/atlanta/print-edition/2013/10/25/hotel-giant-ihg-could-spur-first.html

Does anyone have access to the entire article?

[DonTallPaul]

Originally Posted by Immovable_Media

"InterContinental Hotels Group Plc is the latest big target for a handful of Atlanta developers hoping to start the first new office tower since the recession.

If IHG makes such a move, it would become the second important Perimeter project, joining State Farm Insurance Co., which is working with KDC Real Estate Development to build a nearly 600,000-square-foot building in Dunwoody. That would be the first building in what could be a more than 1.5 million-square-foot Perimeter campus for the insurance giant."

http://www.bizjournals.com/atlanta/print-edition/2013/10/25/hotel-giant-ihg-could-spur-first.html

Does anyone have access to the entire article?

Sent, but not as juicy as it sounded. Very speculative and dependent on IHG wanton to move.

[foxmccleod]

Originally Posted by L.ARCH

Not to start any unsubstantiated rumors, but there is another big residential project in the works for a parking lot on Peachtree St. in Midtown. Cant give away any specifics, but I think you guys are gonna like it! Based on the schedule Ive seen, I'd expect an announcement sometime by the end of the year...

I can confirm this unannounced project is indeed in the works. This should be a great addition to Midtown, and I think the timing referenced above is accurate, with construction start in the summer. I must say, L.ARCH has some great sources.

[Alfred E Neuman]

Originally Posted by foxmccleod

I can confirm this unannounced project is indeed in the works. This should be a great addition to Midtown, and I think the timing referenced above is accurate, with construction start in the summer. I must say, L.ARCH has some great sources.

A 'tease' is one thing, but to confirm a tease with another tease, well that's just cruel and unusual punishment... At least, which parking lot?

[clexmond]

Originally Posted by foxmccleod

I can confirm this unannounced project is indeed in the works. This should be a great addition to Midtown, and I think the timing referenced above is accurate, with construction start in the summer. I must say, L.ARCH has some great sources.

There are maybe 4 options for a big residential project along Peachtree in Midtown in a parking lot. From most to least likely (in my opinion):

1. 6th & Peachtree on the east side next to 805 and across from Viewpoint. These lots are all owned by Rohrig (a frequent Loudermilk partner) and were purchased 4 months after Loudermilk purchased the Starbucks lots for his 8-story condo building (still pending). In addition, Loudermilk just got started with the renovations to Viewpoint retail that are intended to attract a grocer and get the retail space there closer to 100% leased.

2. 7th & Peachtree on the east side north of Viewpoint. Similar deal to #1, these are mostly owned by Loudermilk - Rohrig, but a couple of the lots would still need to be purchased. There could of course be deals pending approval of a building plan.

3. 12th & Midtown Phase 4 (?) between 12th and 13th St. on the east side. This has always been reported as office / retail, but I suppose it's possible we'd see a change to residential.

4. 10th & Peachtree. It's Dewberry's lot, the longest of long shots of course.

[pawelra]

^^^ what about the lot across High Museum ?

[clexmond]

Originally Posted by pawelra

^^^ what about the lot across High Museum ?

They seemed to specifically suggest that it is an existing parking lot so I didn't include it.

[Libertarian]

What about the NE corner of 4th and Peachtree?

[testarossa50]

Also the lot next to the Fox.

[clexmond]

Originally Posted by Libertarian

What about the NE corner of 4th and Peachtree?

Ah, good catch! I remember there was a 15-20 story (office?) proposal there a while ago. I guess I'd slot that in around 4 through, it seems a bit of a narrow lot for a big residential project.

[thebigATL]

http://m.atlanta.curbed.com/archives/201...r-launching-soon-financing-explained.php


Confirmed: Yoo Tower Launching Soon; Financing Explained

Wednesday, Oct 30, 2013, by Josh Green

Mystery, intrigue and controversy about public funding have swirled around a little slice of land on 13th Street — and answers are emerging at last. Simply put, public bonds approved to help a swankyMidtown apartment tower get built as early as next year are a product of the Recession. The beginning of the Recession, that is. Dr. Eloisa Klementich of Invest Atlanta (a.k.a. the Atlanta Development Authority) confirmed that her organization will play a role in financing the development of Yoo on the Park, a 25-story tower tucked into a small lot at 207 13th St. Namely, Invest Atlanta will offer up about $60 million in public bonds for a lease-purchase agreement. Over a 10-year period, developer Tivoli will pay taxes starting at 50 percent and increasing 5 percent annually. That's news but, according to Klementich, not anything new. She said Invest Atlanta offered to help out with the project when it was originally proposed in 2008, when development in Midtown and pretty much everywhere else was grinding to a halt. "They couldn't find financing," Klementich said. Invest Atlanta's stated goals of helping encourage growth in undeveloped areas was mostly a fit, they thought.

After the bonds were approved, though, litigation began — five years of it. All that ended this July and,
according to Klementich, her organization couldn't exactly renege. The angle is a little different but thanks to an estimated $87 million in future economic output for the city, Invest Atlanta can legally chip in, Klementich said. The bonds aren't direct financing but "help make their balance sheet look better, which then allows them to use that attraction to attract more financing to the project," she said. The bond transaction should be completed in a week or two, she added; if the project never happens, the developer gets no benefits.As far as the actual project: Crews started moving dirt on the site between Juniper and Piedmont earlier this month. Klementich confirmed rumors that construction on the 245-unit tower is slated to begin around the start of next year.

Believed to be a partnership with super-modern international design group Yoo and Starck, the project is also expected to include 1,200 (yes, 1,200) square feet of retail. Last Invest Atlanta had heard, Klementich said, that space would be something along the lines of a small restaurant/coffee shop/sandwich shop.

[micropundit]

The ongoing renovation of Lenox Square Mall will have offer a new face to the upscale shopping center in 2014 according to a report in the BuckheadView blog; the two corners to the Peachtree Road entrance will be occupied by Cheesecake Factory on the left and Sprinkles cupcake shop, which also will have a 24-hour Cupcake ATM on the outside, street side of the store, on the right side .



http://www.buckheadview.com/2013/10/lenox-squares-front-door-to-sport.html

[Nanosolar]

Originally Posted by micropundit

The ongoing renovation of Lenox Square Mall will have offer a new face to the upscale shopping center in 2014 according to a report in the BuckheadView blog; the two corners to the Peachtree Road entrance will be occupied by Cheesecake Factory on the left and Sprinkles cupcake shop, which also will have a 24-hour Cupcake ATM on the outside, street side of the store, on the right side .



http://www.buckheadview.com/2013/10/lenox-squares-front-door-to-sport.html

"a 24-hour Cupcake ATM" OH GOODY!!!!!

[boomtown]

Originally Posted by Nanosolar

"a 24-hour Cupcake ATM" OH GOODY!!!!!

LOL!....got a chuckle from that one.
"For all your late nite cupcake needs"

[Ant131531]

I wish you guys would at last tell us the parking lot so I can get excited. If the tower goes south of Viewpoint, that area is going to be feeling VERY dense with that and the 5th and Peachtree project.