ATLANTA | Development Thread V

[atlantaguy]

^Not sure if it's still happening as originally planned, but you've got the right block!

[bryantm3]

the first one, although it looks exciting, is pre-recession, from about 2007. here's a post i found on it:

http://www.city-data.com/forum/16939276-post4.html


what is interesting about this is that it included a new 15th street bridge and a plaza "cap" over the connector. however, this project is dead at the moment. where did you find this? has anyone discussed reviving it?

here's the rest of the thread about the 15th street bridge project:

http://www.city-data.com/forum/atlanta/1146733-has-anyone-heard-about-15th-street.html

however, i don't think AMLI will be too hot about giving up part of their site for a 15th street connection; AMLI just bought the trump towers site east of spring and a 15th street extension would be a significant chunk of their lot.

[ChrisInmanPark]

Anyone know the status of the Path400 trail? Is it still supposed to start construction this month? I have not heard anything lately.

http://atlanta.curbed.com/archives/2013/05/15/path400-buckheads-trail-gets-a-name-start-date.php

[Tuckerman]

Once more if anyone knows.Whatever happened to Twelve Centennial Park 2? Is that plan dead, simmering, or cooking? That would be a great addition to downtown if it came to pass.

[pawelra]

Originally Posted by Tuckerman

Once more if anyone knows.Whatever happened to Twelve Centennial Park 2? Is that plan dead, simmering, or cooking? That would be a great addition to downtown if it came to pass.

I think when Novare finishes with Skyhouse in Buckhead than they may built another one in downtown and it may be the lot for Centennial Park 2. Basically the same what they did with Viewpoint.

[Immovable_Media]

Kennesaw Mountain to Midtown Atlanta zoom: https://www.youtube.com/watch?v=QCgde1rToJE

[bryantm3]

Originally Posted by Tuckerman

Once more if anyone knows.Whatever happened to Twelve Centennial Park 2? Is that plan dead, simmering, or cooking? That would be a great addition to downtown if it came to pass.

where's the lot located?

[atlantaguy]

Originally Posted by bryantm3

where's the lot located?

In that open space adjacent to the hotel & condo at the Civic Center MARTA station, right up against the Connector. It's hard to see if driving down West Peachtree, obvious when exiting the station and walking. It's small.

[Tuckerman]

Originally there were to be two towers and the lot would easily hold the second. #1 seems to be somewhat successful as a hotel, but I am not sure how the apartments are doing. The location could potentially be very good, but the residential density is quite low and would be a hard sell against midtown - and of course there are some marginal streets nearby.

[ChrisInmanPark]

More development on Howell Mill @ Collier. From Bisnow.

"We spoke with Healey Weatherholtz Properties' Quill Healey just weeks after his firm sold The Shoppes Around Lenox for a tidy sum of more than $70M to RREEF. Now what to do with all that money? (HWP purchased the center for $25M in 2009 and turned it around.) “Next is Howell Mill,” he says of his company's 6.5 acres at the corner of Colliers and Howell Mill roads (part of which was sold to Crescent Communities for its $47M, 256-unit Crescent Howell Mill apartment project now underway). Quill says part of the proceeds will be used to develop a 10k SF retail center that will target a handful of “neighborhood restaurants.”

Ahhh...the glorious traffic.

[briantech]

They really should have built I75 on/exit ramps where Collier goes under 75. All that residential traffic has no choice but to go down to Howell Mill.

[thebigATL]

1138 PEACHTREE

Tivoli Properties may be re-reviving its plans to develop a key piece of Midtown real estate — this time in the form of a 51-story mixed-use tower. It appears Tivoli and Cushman Wakefield are preparing to make a pitch to Atlanta’s Development Review Committee regarding 1138 Peachtree, a 364-apartment “anchor of the Midtown Mile.” Planned for a long-empty lot surrounded by 12th, 13th, Crescent and Peachtree streets, plans would include parking and roughly 53,000 square feet of retail. Available renderings are intriguing but fairly generic. If everything goes as planned (which, if this lot’s history is any indication, isn’t too likely), developers hope to deliver for tenant construction next fall and open sometime in 2015.



The site at 1138 Peachtree St. was proposed in 2007 as the site for a Mandarin Oriental Hotel; that didn’t end well, with a South Carolina bank foreclosing on the property in 2010. Later that year, the project was re-pitched as a hotel-and-retail mixed-used development. Tivoli was preliminarily granted bond financing, and company officials said they had other equity, but everything ultimately stalled. Reps for Tivoli and Cushman Wakefield haven’t respond to email inquiries this week. In addition to data regarding the actual development, the potential presentation to the DRC includes one other interesting number: They say about 68,000 daytime employees are within “a short walk” from the proposed site.

— By Curbed Atlanta contributor Tyler Estep

· Here Now, ATL’s Top 10 Towers That Never Happened [Curbed Atlanta]
· Confirmed: Yoo Tower Launching Soon; Financing Explained [Curbed Atlanta]

Article source: http://atlanta.curbed.com/archives/2013/...plans-for-huge-peachtree-tower-again.php




FROM THEIR BROCHURE-----

Midtown is widely recognized as Atlanta’s most dynamic urban district, with a population of 336,000 residents in a five-mile radius and a daytime employee population of 68,000. The community offers a diverse economic base of Fortune 500 companies, national accounting firms, major law firms and financial institutions, a thriving art and cultural community, high-end single family homes and condominiums, and the continuously expanding presence of Georgia Tech.
• Georgia Tech has a profound presence in Midtown Atlanta with 20,000 undergraduate and graduate students and the continued development of Technology Square, a 1.5 million SF mixed-use development that continues to attract major scientific research and design firms to the area.
• Midtown offers the largest concentration of cultural venues in the Southeast, attracting more than six million visitors annually. It also is home to Piedmont Park, known as the Central Park of the Southeast, is a keystone of the area with its walkability and busy event schedule.
• Midtown continues to be the destination of choice for most professional service firms along with the home of Turner Broadcasting, Coca-Cola, and The Federal Reserve Bank of Atlanta. This location boasts explosive growth that will continue to transform this part of Atlanta and specifically, Midtown, for years to come.
• Largely due to the abundance of large employers in high-paying industries located in the area, Midtown is an area of explosive growth. Midtown’s population has gone from 17,000 in 2000 to 35,000 in 2010 representing 106% growth in 10 years, according to the Midtown Alliance. The area is projected to gain another 17,000 people by 2016
• Midtown, specifically the area referred to as “Arts Center,” is home to the largest concentration of cultural venues in the Southeast. The focal point of this combination of the performing arts, visual arts, comedy and music of all kinds is the Woodruff Arts Center which includes the High Museum of Art, the Alliance Theatre, the Atlanta Symphony Orchestra and Young Audiences, a program for learning centered around the arts.
PIEDMONT PARK
TECHNOLOGY SQUARE
1138



----------------------------------

Opening in 2015, 1138 Peachtree is Atlanta’s newest vertical neighborhood. With an unmatched location and visibility at the heart of Midtown Atlanta, this site is truly the pinnacle of retail leasing opportunities. Find your space at the heart of Atlanta’s culture, jobs and nightlife at 1138 Peachtree.
• 364 Luxury Apartments
• +/- 53,000 SF of exceptional retail
• Center of Atlanta’s most dynamic, walkable and connected submarket
• 336,000 residents in a five-mile radius
• 68,000 daytime employees with-in a short walk
• Prime access to the city’s greatest collection of nightlife, fine dining and tourism
10 STREET & PEACHTREE
ECCO

Address
1138 Peachtree Street
Delivery
For Tenant Construction Fall 2014
Retail
+/- 53,000 sf
Street Level
+/- 19,000 sf
Peachtree Road Level
+/- 13,250 sf
Lower Level
+/- 18,500 sf
Crescent Ave
+/- 2,150 sf

SO MY QUESTION ARE THEY BUILDING IT THIS YEAR ???

[PostIt]

Originally Posted by thebigATL

1138 PEACHTREE

SO MY QUESTION ARE THEY BUILDING IT THIS YEAR ???

They dont have funding and havent actually completed a project in 5 years. If they can get funding they will build it this year, but that is like saying if I win the lottery I will buy a Mercedes this year. It just depends if they can find someone with a lot of money to finance them (or, more likely, a joint venture partner).

[micropundit]

The building that formerly housed the “oldest black newspaper in Atlanta" will be restored and converted by Gene Kansas Commercial Real Estate. It’s a win for Downtown, a win for historic preservation and a win for the streetcar, as the train tracks run directly in front on Auburn Avenue.Details are still being finalized on the cost of the new project, which will be designed by Gamble and Gamble Architects. The firm is also designing the redevelopment of the Clermont Motor Hotel on Ponce De Leon Avenue into a boutique hotel. Construction will begin within six months.

http://atlurbanist.tumblr.com/post/72715320746/finally-downtown-atl-gets-new-residential-retail-on

[ChrisInmanPark]

New Transit Oriented Development coming to Chamblee MARTA Station. This is the old Great Gatsby's store location. From Bisnow...

"Spruce Street Partners has picked up the former antiques retailer on Peachtree Boulevard out of foreclosure with BB&T for an undisclosed sum. Spruce Street's J.R. Connolly says he plans to turn the site into a mixed-use development that's walking distance from Chamblee MARTA station, and could be the northern most TOD project in Atlanta. “We're working with various retailers for the retail component,” he adds.

The project will also have multifamily and possibly a hotel, J.R says. (In our view, the only difference between those two are suitcases.) This isn't the first developer to take interest in the site. JLB Partners eyed it for an apartment community as well. But according to sources, the firm was unable to come to terms to acquire Great Gatsby's."

[atlantaguy]

Originally Posted by ChrisInmanPark

New Transit Oriented Development coming to Chamblee MARTA Station. This is the old Great Gatsby's store location. From Bisnow...

"Spruce Street Partners has picked up the former antiques retailer on Peachtree Boulevard out of foreclosure with BB&T for an undisclosed sum. Spruce Street's J.R. Connolly says he plans to turn the site into a mixed-use development that's walking distance from Chamblee MARTA station, and could be the northern most TOD project in Atlanta. “We're working with various retailers for the retail component,” he adds.

The project will also have multifamily and possibly a hotel, J.R says. (In our view, the only difference between those two are suitcases.) This isn't the first developer to take interest in the site. JLB Partners eyed it for an apartment community as well. But according to sources, the firm was unable to come to terms to acquire Great Gatsby's."

Great news for my general area, Chris. Thanks for posting this.

The whole Peachtree corridor from Brookhaven to Chamblee (and adjacent areas) is primed for this sort of thing already. Infill around this area is really starting to pick up, and the neighborhoods seem to be pretty much embracing it. Most of the NIMBY's around here seem to be laser-focused on PDK more than anything. These are very exciting times in NW DeKalb.

For my favorite example of the changes going on in this part of town, anyone interested should check out Dresden east of the Brookhaven Station.

[scania]

Originally Posted by atlantaguy

For my favorite example of the changes going on in this part of town, anyone interested should check out Dresden east of the Brookhaven Station.

I noticed this area a few years ago...I think it's hella cool. Though I wish it was larger.

[7even6ix2wo]

A capped connector could be so great. Also, I can confirm the next construction cycle has begun. There are cranes up on Howell Mill north and south of 75, i wonder why there is no publicly viewable master plan for that corridor. There's a crane up on Roswell Road north of buckhead and one peachtree toward the south. SoB is going strong. Look like some little lot at the fork of Peachtree and Roswell is being cleared. The new Cox building is already visvly taller than the old on and huge housing projects are underway in perimeter and related areas. I really like what they've done with some the new signage in midtown, too. It's sucha nice area. I went down ponce today and PMC seems like it is going well. Eat's is still there and that's what really matters.

[micropundit]

40. Downtown Atlanta

A revitalized city center welcomes
new museums and streetcars.

Atlanta plans several ribbon cuttings in 2014, but the main event is the National Center for Civil and Human Rights, scheduled to open in May next to the Centennial Olympic Park and the Georgia Aquarium downtown. The 42,000-square-foot, environmentally friendly museum will feature permanent galleries devoted to domestic and international rights struggles and will house the Martin Luther King Jr. papers owned by Morehouse College. By midyear, visitors will be able to take the new Atlanta Streetcar on a 2.7-mile loop that will link the park to the Martin Luther King Jr. National Historic Site and other stops. Another parkside attraction, the 94,000-square-foot College Football Hall of Fame, is expected to open in time for fall kickoff of the N.C.A.A. season. — ELAINE GLUSAC










http://www.nytimes.com/interactive/2014/01/10/travel/2014-places-to-go.html?_r=1

[Ant131531]

Shocked we haven't gotten any new renderings or projects proposed yet this year.