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  #10381  
Old Posted May 13, 2014, 3:04 PM
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^Yeah, I thought of the Cira Centre immediately, too. That's definitely an old proposal for the 98 14th Street site. So glad that space wasn't used for that. I'm much more inspired by the current proposal we have.
     
     
  #10382  
Old Posted May 13, 2014, 3:09 PM
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Newnan_Eric Newnan_Eric is offline
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Originally Posted by atlantaguy View Post
I agree re: the rents, bryantm3. I know we are producing a lot of good jobs and there is a LOT of money here, but is it enough in both cases? We are at historical highs here with rent/sales per square foot, and it just keeps increasing weekly. There is very obviously major demand. It will be very interesting to see how it all works out.

I don't mean to sound smug or heartless by any means, but I am SO glad I'm comfortably settled on the NE side.
I have been wondering some of the same things you have recently. Most of the new proposed projects in town are apartment towers. Luckily, there is enough of a lead time on some of these that if rents taper off, developers will shelve their phase 2's or whatever. I also think we'll see some condo conversions of some of these. I believe that many of these developers would prefer to develop/build condo projects but can't get them financed right now.

Conversions would take some of these rental units off the market, helping the supply/demand balance in the future.

Also, it won't be the new projects that will suffer. You'll see older units struggle to keep tenants first. That will bring a whole different set of problems.

One final note - it seems to me that almost all of these new projects are replacing an empty lot or parking lot. So, if some of them don't move forward, at least we're not losing some active business. During the previous crash, we had some demolitions that later just sat there. I hope that doesn't happen again.
     
     
  #10383  
Old Posted May 13, 2014, 3:21 PM
Ant131531 Ant131531 is offline
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I remember reading an article maybe 5-6 months back titled 'Atlanta's population set to explode' or maybe it was in a list...I don't know...maybe this is what they are referring to.

When a city's population explodes, it has to go through a boom to produce units for new residents. I would like to see more midrise apartments rising in lots between other buildings to complete an urban street fabric.
     
     
  #10384  
Old Posted May 13, 2014, 5:13 PM
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Originally Posted by Ant131531 View Post
I remember reading an article maybe 5-6 months back titled 'Atlanta's population set to explode' or maybe it was in a list...I don't know...maybe this is what they are referring to.
Do you mean that article citing the # of new apartments coming online in 2014? It was like 8,000+ or something.

Be interesting to see where these tenants are coming from. Is it OTP, or new transplants to Atlanta?
     
     
  #10385  
Old Posted May 13, 2014, 5:27 PM
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Do you mean that article citing the # of new apartments coming online in 2014? It was like 8,000+ or something.

Be interesting to see where these tenants are coming from. Is it OTP, or new transplants to Atlanta?
I think it is a combination of many things. You have people who live outside the city moving into the city. You have people who are moving from other cities deciding, when they relocate, that they want to live in the city. Then you also have tens of thousands of college graduates all in the general area of Atlanta graduating each year, taking new jobs, or moving to the city to look for a job, who are deciding they want to live in the city. In my opinion, this has been a big driver.

Quick example of the above, my sister. She graduated from a southern university a little over a year ago. I never figured her, or her friends, for the "in town" type. They only wanted to live in the city. I know that's only my personal experience, but I think the idea is that a lot of new graduates, at least a lot more than before, are deciding that the city is "the place to be".
     
     
  #10386  
Old Posted May 13, 2014, 5:59 PM
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Originally Posted by ATL_J View Post
I think it is a combination of many things. You have people who live outside the city moving into the city. You have people who are moving from other cities deciding, when they relocate, that they want to live in the city. Then you also have tens of thousands of college graduates all in the general area of Atlanta graduating each year, taking new jobs, or moving to the city to look for a job, who are deciding they want to live in the city. In my opinion, this has been a big driver.

Quick example of the above, my sister. She graduated from a southern university a little over a year ago. I never figured her, or her friends, for the "in town" type. They only wanted to live in the city. I know that's only my personal experience, but I think the idea is that a lot of new graduates, at least a lot more than before, are deciding that the city is "the place to be".
I believe more people are discovering what us old timers have known for a long time, and that is that the city is a great place to live even if you are commuting to the suburbs for work. Intown job growth is great, but residential and retail growth not dependent on it.
     
     
  #10387  
Old Posted May 13, 2014, 6:27 PM
ChrisInmanPark ChrisInmanPark is offline
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Good news. Atlanta and MARTA have agreed to jointly operate the Streetcar. The info is behind the paywall. Anybody got a subscription?

http://www.ajc.com/news/news/local/atlanta-marta-to-jointly-operate-streetcar/nftnm/
     
     
  #10388  
Old Posted May 13, 2014, 8:52 PM
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I thought it was planned from the onset that Marta would handle the Streetcar? If the breeze card isn't integrated this is a gigantic shortcoming.
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  #10389  
Old Posted May 13, 2014, 10:07 PM
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I thought it was planned from the onset that Marta would handle the Streetcar? If the breeze card isn't integrated this is a gigantic shortcoming.
that's what I understood as well...
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  #10390  
Old Posted May 14, 2014, 12:25 AM
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Ok, so I went to my first DRC meeting today. Pretty much what I expected from it. They first reviewed the AMLI project by Arts Center Station. As previously posted, the project extends 15th through to Spring street. They have apparently had some updates from the last time. Along West Peachtree they added a retail space. The Spring frontage actually has ~20' deep retail bays stretching from the corner, about half the length down the deck. Mostly leasing areas, and common areas facing the new 15th street. The parking deck design currently has some pretty interesting yellow louvers on the upper levels. Some of the committee members liked it, some did not. I found it a nice change from some other project decks. One curb cut on Spring, one on West Peachtree. The building itself is a slab like we've seen previously, however what I did not realize is the new 15th comes at a slight angle, so the building bends in the middle, which actually is nice. The language of the facade forms 2 large frames that look mildly interesting. Very modern. They are hoping to get approval when they send more details on that louver system. Sorry no pics on this one.

Now we move to Novare's 1163 West Peachtree project. It is indeed the new and improved Skyhouse, but with some things I did not expect. The deck actually fronts 14th street, and the highrise is set on 13th, I assume for views. They did something that the DRC seemed to really like, which did work well at street level, but seemed a tad odd to me. They clad the parking deck to mimic the Atlantic Center buildings across the street, from the rose granite base to precast above. Very interesting, but odd. Retail fronts 14th, wraps the entire length of West Peachtree, and runs down 13th where the common areas take over. The corner retail spaces are quite large, and I imagine could actually be broken up. Einstein's is also taking a retail space on West Peachtree. A curb cut on 13th, West Peachtree, and a one-way 12ft curb cut on 14th for retail parking. 2 pools on top. A tennis court on top of the parking deck. Also the facade was darker with a darker trim they compared to the Atlantic.

Overall from the northwest: (14th and West Peachtree in the foreground)


13th and West Peachtree:


14th and West Peachtree:


13th elevation:


Site plan for lower retail floor: (Note, retail continues on upper floor. Pretty decent grade change on this site)


Roof plan:


Then comes Post's project. Pretty standard, except that the Marta line actually cuts across part of the site, so they've stepped apartments down to stick built along the Peachtree Walk side, which I actually like, better human scale. This low part also completely hides the deck along the streets. Curb cut on 11th, and Peachtree walk, and an easement for the office building through the deck. Common areas front 11th and the corner. Tiny dog park and "spa" behind Insurrection for residents in the little green spot you can see below. Residential stoops along Peachtree Walk. 8th floor roof garden, and roof level amenities, including a pool.

11th and Peachtree Walk:


11th and Peachtree Walk:


Left, from the Northwest looking Southeast:
Right, from Midtown Marta looking North:


Ground floor plan:


And to start the rumor mill.... I heard them mention next month may be a hotel proposal at 15(?)th and Peachtree? They referred to it as the Jaguar site, and mentioned something about Atlantic Realty, which I'm not sure was related to the same site. I have no idea what this means and if it's a new proposal or just on update on something like 98 14th or something. If anyone knows that "Jaguar site" means I'm sure that would help.

Also these pictures are actually terrible. Best you can do with a phone from like 15 feet away. Hopefully someone got some better ones. There were also more renders and site plans, etc. than I got.

EDIT: Upon further Googling, I've found that there's a site at 15th and West Peachtree that a place called "Jaguar" used to be located. I assume this is what they were referring to. Maybe they're turning that small building into a hotel, or building a new one. It's at 1231 West Peachtree, so maybe we'll be seeing that soon enough.
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Last edited by AtlantaMustang; May 14, 2014 at 12:49 AM.
     
     
  #10391  
Old Posted May 14, 2014, 12:45 AM
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Thanks, AtlantaMustang! I was hoping we'd hear some news from the meeting. That was quick. I'm glad the Novare proposal is more like The Atlantic than Skyhouse (although it is still plenty like Skyhouse). Reguardless of looks, I think it will be good for the area and I like it enough. The other two sound good too.
     
     
  #10392  
Old Posted May 14, 2014, 1:01 AM
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Atlanta Mustang, thanks for the update. The new Midtown skyline is now east and west and has some cohesiveness that is starting to become fairly dramatic. The next 2-3 years should really be interesting in this neck of the woods, especially with of the street retail on tap.
     
     
  #10393  
Old Posted May 14, 2014, 1:04 AM
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No problem guys. Honestly I was shocked when I saw the Novare proposal, at first in a bad way, because the deck fronts 14th, but after listening to them, the street level from 14th all the way to the 13th corner will be pretty on point from what I can tell. The only flaws are the curb cuts, which you have to have regardless, but the fact that Einstein's is going in and the large corner spaces are planned helps. I also think it will do better than other Skyhouse retail because the huge offices there during the day will add a ton of lunch time business. This could really help that corner actually. As odd and kitschy as it is, I think it'll be great there.
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  #10394  
Old Posted May 14, 2014, 1:30 AM
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Good recap Atlanta Mustang. I think your pictures turned out well given the circumstances.

I googled Jaguar site and saw the same thing.

Also, looked the address up on Fulton Assessor Map. I'm not sure how they could fit a hotel on that parcel unless they are also buying some of the unused land than Hines owns north of One Atlantic Center.
     
     
  #10395  
Old Posted May 14, 2014, 1:34 AM
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Great report, AtlantaMustang. Midtown is bubbling along at an amazing pace.

Do you happen to recall who presented on behalf of Post, by the way?

Re the parcel on 15th, I once heard that it might become a Spring Hill suites, but that was some years ago. It used to be an attorney's office and then it was a nightclub for a while.
     
     
  #10396  
Old Posted May 14, 2014, 1:41 AM
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Originally Posted by Jarod Apperson View Post
Good recap Atlanta Mustang. I think your pictures turned out well given the circumstances.

I googled Jaguar site and saw the same thing.

Also, looked the address up on Fulton Assessor Map. I'm not sure how they could fit a hotel on that parcel unless they are also buying some of the unused land than Hines owns north of One Atlantic Center.
Yeah agreed. Hopefully we'll find out next month! I think they were talking about some other stuff as well, and I definitely heard them saying something about the 2 tower proposal at 10th, Piedmont & 11th street. Great meeting you btw.

Quote:
Originally Posted by arjay57 View Post
Great report, AtlantaMustang. Midtown is bubbling along at an amazing pace.

Do you happen to recall who presented on behalf of Post, by the way?

Re the parcel on 15th, I once heard that it might become a Spring Hill suites, but that was some years ago. It used to be an attorney's office and then it was a nightclub for a while.
I do not, mainly some older gentlemen, with an older woman that worked for Post chiming in a little. I don't remember their names. Nice info on the 15th street site btw.

Also Clexmond, and whoever else, you are unbelievably fast at updating the development map. Keep it up.
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  #10397  
Old Posted May 14, 2014, 1:44 AM
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I believe that the architect for Post was the same as Centergy North. The facades and the rendering angles they chose look very similar. He spoke most of the time during the post presentation.

@Atlanta Mustang. Ditto.
     
     
  #10398  
Old Posted May 14, 2014, 1:50 AM
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Yeah, thanks a lot AtlantaMustang and everyone else that keep us updated. Very much appreciated...
     
     
  #10399  
Old Posted May 14, 2014, 2:12 AM
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Atlanta Mustang, your update is AWESOME!!!! This is hella cool!
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  #10400  
Old Posted May 14, 2014, 9:45 AM
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i am definitely impressed with the novare proposal. it's like they took the first floor of one atlantic center and made it actually functional.
     
     
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