ATLANTA | Development Thread V

[PostIt]

Originally Posted by new_guy

Sorry for the pessimism but we're probably 5+ months from seeing a new crane in Midtown apart from the Spring St student deal. And many of these announced deals do not have financing, which is somewhat critical. The Midtown MARTA station site and next phase of 12th and Midtown are likely to be the next deals out of ground and will likely be late spring. Though I have no idea on the Loudermilk condos at 7th.

While not a huge project, construction on the 25-story "yoo" building should start anytime in the next month. Although, I agree with you, a number of these "newly announced" projects are pipe dreams. They just announce them to build interest and get publicity, without financing it is nothing more than free advertisement for the development companies..

[testarossa50]

Why are people so quick to discount the Spring St student tower? It is a private sector apartment tower and, to me, every bit as legit as Skyhouse or 77 12th.

Honestly my worry is that a lot of these mediocre projects we hear announced, like the one on Howell Mill at Collier, are going to flood the market and make actual good development uneconomic. Also, I'm quite skeptical of anything primarily residential that's more than ~30 floors. To have an actual boom, we need some new office towers, and right now market dynamics just don't support that.

[thebigATL]

Okay past by the Corey tower today saw some bars around it ......And found more information about the 3proposed towers in midtown 1 is 56 stories (says its going its 1 story taller than BOA TOWER AND OTHER 2 IS 46 STORIES NOT BAD BUT HOPE ITS A REALLY GO AND 2MILL SF...AND I REALLY PRAY THAT IT It will work and bring other towers behind it will and probably bring towers around the BOA Tower........And is 50 ALLEN PLAZA A GO!!!!!??????????!! I Hope it is

[Libertarian]

I have doubts about this 14th St. Arts Center deal. Arquitectonica is a name firm, but they have a bit of history with unfulfilled announced projects in Atlanta.

http://en.wikipedia.org/wiki/CityPlace_at_Buckhead

[atlantaguy]

Originally Posted by Libertarian

I have doubts about this 14th St. Arts Center deal. Arquitectonica is a name firm, but they have a bit of history with unfulfilled announced projects in Atlanta.

http://en.wikipedia.org/wiki/CityPlace_at_Buckhead

That's just ridiculous. Many other reputable firms have also been involved in proposals that never happened.

The Related Company, the developer of the proposed CityPlace is also very reputable. Neither firm can be blamed for bad timing. The bottom fell out of the market right as they were launching that project.

[Libertarian]

The problem is the scale, which is huge for Atlanta or any city. Let's hope they pull it off.

[arjay57]

Originally Posted by atlantaguy

The Related Company, the developer of the proposed CityPlace is also very reputable. Neither firm can be blamed for bad timing. The bottom fell out of the market right as they were launching that project.

Isn't the Related group doing that apartment tower on the back side of Lenox?

[atlantaguy]

Yes, arjay57!

http://relatedgroup.com/home.html

[pawelra]

Quite good news for downtown, did we missed that ?

The plan is to tear down an aging parking deck east of the Capitol building and turn it into a plaza large enough to accommodate up to 4,500. Design work will begin immediately, with demolition scheduled to begin in January.The project is due to be completed by the end of next year.

http://www.bizjournals.com/atlanta/news/2013/11/19/building-agency-green-lights-georgia.html

[Alfred E Neuman]

Pipe Dream or Probable?

1125 Peachtree
1138 Peachtree
867 Peachtree
33 Peachtree Pl
98 14th St
777 Spring St
Centergy 2
Yoo on 13th
Lenox Square Apts
Park Ave Phase 2
Skyhouse Buckhead
and everybody's favorite...
MMPT

[Dettmann1]

Originally Posted by pawelra

Quite good news for downtown, did we missed that ?

The plan is to tear down an aging parking deck east of the Capitol building and turn it into a plaza large enough to accommodate up to 4,500. Design work will begin immediately, with demolition scheduled to begin in January.The project is due to be completed by the end of next year.

http://www.bizjournals.com/atlanta/news/2013/11/19/building-agency-green-lights-georgia.html

Anyone on here been around long enough to remember the proposal to create a park all the way from the Capital building to Oakland cemetery? When I heard about the new plaza, the whole plan came back to my memory. Wonder if some day they will find the money to cap that portion of the connector and create that park.

[SwimAtl]

[QUOTE=Alfred E Neuman;6351574]Pipe Dream or Probable?

1125 Peachtree - 70%
1138 Peachtree - 50%
867 Peachtree - 70%
33 Peachtree Pl - 80%
98 14th St - 50%
777 Spring St = 100%
Centergy 2 - 50%
Yoo on 13th - 95%
Lenox Square Apts -45%
Park Ave Phase 2 - 55%
Skyhouse Buckhead - 85%
and everybody's favorite...
MMPT- 75% (in some form)

[thebigATL]

[QUOTE=SwimAtl;6351669]

Originally Posted by Alfred E Neuman

Pipe Dream or Probable?

1125 Peachtree - 70%
1138 Peachtree - 50%
867 Peachtree - 70%
33 Peachtree Pl - 80%
98 14th St - 50%
777 Spring St = 100%
Centergy 2 - 50%
Yoo on 13th - 95%
Lenox Square Apts -45%
Park Ave Phase 2 - 55%
Skyhouse Buckhead - 85%
and everybody's favorite...
MMPT- 75% (in some form)

I agree. But yall forgot my favorite one 50 ALLENPLAZA (80%)

[clexmond]

Originally Posted by Dettmann1

Anyone on here been around long enough to remember the proposal to create a park all the way from the Capital building to Oakland cemetery? When I heard about the new plaza, the whole plan came back to my memory. Wonder if some day they will find the money to cap that portion of the connector and create that park.

I'm pretty sure that's still the plan. Almost all the lots required to get that done are already owned by either the city or the state.

[Sharkey]

Originally Posted by thebigATL

I agree. But yall forgot my favorite one 50 ALLENPLAZA (80%)

Isn't the "original" version of 50 Allen Plaza dead completely? I haven't given that building much thought after the first announcement that it wasn't going to happen, so I don't know what's the latest on it.

[atlantaguy]

Originally Posted by Sharkey

Isn't the "original" version of 50 Allen Plaza dead completely? I haven't given that building much thought after the first announcement that it wasn't going to happen, so I don't know what's the latest on it.

Yes Sharkey, the original plan is dead and gone.

However, there is a new owner and new investment is going on in the neighborhood on adjacent blocks. It is a very prime location, and something will eventually happen there. At this point though, everything is very speculative.

[thebigATL]

LOL...very funny news I was looking at 1138 peachtree right how about its right around the corner from 98th 14 street (3 mega towers proposed) so its actually gonna be like a mini manhattan pver their in midtown.that's what they need in downtown and the borderline of midtown and downtown meets (around BOA TOWER) if they build those I'm going to call midtown midhattan lol

[NYC2ATX]

Originally Posted by pawelra

Quite good news for downtown, did we missed that ?

The plan is to tear down an aging parking deck east of the Capitol building and turn it into a plaza large enough to accommodate up to 4,500. Design work will begin immediately, with demolition scheduled to begin in January.The project is due to be completed by the end of next year.

http://www.bizjournals.com/atlanta/news/2013/11/19/building-agency-green-lights-georgia.html

I have heard of this before but I do hope they stick to their long-range plans to have the plaza reach across the connector and deck it over. That would be so spectacular for the area and do much towards sewing up the wound that the freeway cuts through Downtown Atlanta.

[PremierAtlanta]

Originally Posted by StatenIslander237

I have heard of this before but I do hope they stick to their long-range plans to have the plaza reach across the connector and deck it over. That would be so spectacular for the area and do much towards sewing up the wound that the freeway cuts through Downtown Atlanta.

I totally agree. Considering the departure of the Braves, one would think that the city as well as the state would be bullish on such a project. It would definitely make the Ted's acreage more attractive to potential developers.

[arjay57]

Originally Posted by atlantaguy

Yes, arjay57!

http://relatedgroup.com/home.html

Seems like I read that it was a JV with Simon? That makes sense, since Simon is more of a retail developer.