ATLANTA | Development Thread V - Page 560

AtlantaMustang · #**11181** Posted **Aug 13, 2014, 7:19 PM**

Quote:

Abernathy 400 Proves Perimeter Is Cuckoo for Office Space

The Perimeter is so hungry for office space that a project called Abernathy 400 intends to add 570,000 square feet of office space directly across Georgia 400 from Northpark 100's proposed 1.4 million square feet. It may seem bold to sidle up right next to what may end up being the nation's tallest suburban tower, but that's exactly what a trio of developers (Cousins, Ackerman & Co. and H.J. Russell & Co.) intends to do. Confidence in the Perimeter is clearly sky high. Two sets of renderings have emerged for the project, one with a single tower of about 30 stories, the other with two smaller towers.

http://atlanta.curbed.com/archives/2014/...perimeter-is-cuckoo-for-office-space.php

johnandahalf · #**11182** Posted **Aug 13, 2014, 8:10 PM**

The construction fence around the College Football Hall of Fame has been removed. The retail space will be occupied by some local eat-mor-chikn chain that's closed every Sunday. Their sign is already up.

Also, during my south-to-north morning commute to the Atlantic Station area, I can either drive up Northside Dr (passing the new stadium), or I can drive up Windsor/Spring, then turn left on Marietta (passing the College Football HOF), then turn right on Northside. Because of the new stadium construction and it's related congestion (everyone drives over steel plates like they were glass covering a shark tank), it's often faster to take Spring St. Today, I noticed a sign on Spring St at Mitchell St that said "Spring St closed 9/2/2014 - 9/2/2015". Wait, WHAT? They're closing Spring Street for a YEAR? I might expect closures for the MMPT, but that's clearly not what's happening.

Any idea why Spring St is closing for a year?

daharris80 · #**11183** Posted **Aug 13, 2014, 8:41 PM**

Quote:

Originally Posted by johnandahalf

Any idea why Spring St is closing for a year?

http://www.dot.ga.gov/Projects/activeprojects/stateRoute/Pages/SpringStDetours.aspx

ATLcubs · #**11184** Posted **Aug 13, 2014, 8:46 PM**

Quote:

Originally Posted by AtlantaMustang

http://atlanta.curbed.com/archives/2014/...perimeter-is-cuckoo-for-office-space.php

If i had to choose, I'd honestly rather take the two smaller towers, it just seems to fit that lot a little better.

johnandahalf · #**11185** Posted **Aug 14, 2014, 12:32 PM**

Quote:

Originally Posted by daharris80

http://www.dot.ga.gov/Projects/activeprojects/stateRoute/Pages/SpringStDetours.aspx

Thanks! And wow...maybe I should just move. lol

Ant131531 · #**11186** Posted **Aug 14, 2014, 3:09 PM**

So will anything actually get built soon? A lot of proposed projects in Midtown, but nothing has started...disappointing once again.

AtlantaMustang · #**11187** Posted **Aug 14, 2014, 3:26 PM**

Quote:

Originally Posted by Ant131531

So will anything actually get built soon? A lot of proposed projects in Midtown, but nothing has started...disappointing once again.

My bet is on 1163 West Peachtree. They're wrapping up Skyhouse Buckhead, so I assume they'd start on this one soon. I think that, the Amli Midtown one, and 22 14th will get started relatively soon. Those are just my bets.

Verge · #**11188** Posted **Aug 14, 2014, 3:27 PM**

Quote:

Originally Posted by Ant131531

So will anything actually get built soon? A lot of proposed projects in Midtown, but nothing has started...disappointing once again.

These projects, especially the large ones, take a LOT of time-- Design and producing Working Drawings can take 6-8+ months and that will only happen after financing is obtained. Those renderings you see are only the tip of the development iceberg that includes financing, zoning, pricing, etc., before any construction can start. Zoning review and approval alone can take several months-- with no variances. Inevitably some will not get built-- lets hope its the better ones that do.

BlueSangha · #**11189** Posted **Aug 14, 2014, 4:13 PM**

Quote:

Originally Posted by Ant131531

So will anything actually get built soon? A lot of proposed projects in Midtown, but nothing has started...disappointing once again.

yep! for all the talk about boom, sure seems like a dribble to me. one developer is already getting cold feet in buckhead and is contemplating not building the two towers it planned for piedmont:http://atlanta.curbed.com/archives/2014/...-brakes-on-buckhead-apartment-towers.php

I know these things take time. Personally I don't see the 14th street project getting off the ground, too many other developers will beat them to market. I can see Novare and the next phase 12th & midtown getting started before the end of the year, after that, it's anyones guess.

daharris80 · #**11190** Posted **Aug 14, 2014, 4:24 PM**

Quote:

Originally Posted by ATLcubs

If i had to choose, I'd honestly rather take the two smaller towers, it just seems to fit that lot a little better.

I think the smaller towers would fit but one larger tower wouldn't be out of place. If you look at the 400 corridor from Glenridge to Abernathy the following towers are already built:

Concourse V - 34 floors 570ft.
Concourse VI - 34 floors 550 ft.
Park Towers II - 33 floors 415 ft.
Park Towers I - 24 floors 300 ft.
Glenridge Highlands Two - 20 floors 250 ft.
Westin - 20 floors 250 ft.
Northpark 600 - 20 floors - 250 ft.
Northpark 500 - 20 floors - 250 ft.
Northpark 400 - 20 floors - 250 ft
Two Glenlake - 15 floors - 190 ft.
One Glenlake - 15 floors - 190 ft.

Add to this a potential Northpark 100 which is proposed at 50 stories - http://atlanta.curbed.com/archives/2014/...allest-suburban-tower-in-the-country.php.

This doesn't even include Ravinia and the development along Ashford Dunwoody and closer to Perimeter Center, including the under construction (and almost completed) Cox tower and new State Farm campus.

A 30 story tower added to this mix would fit in. It would add a little to the west of 400 which may help to balance everything already built and planned on the east side.

That said, two 15 story towers would fit in as well. It may make more sense to them financially. I don't know what the cost difference would be in building two 15 story buildings v. 1 30 story building. One (more expensive) foundation v. 2 foundations, etc...

As far as traffic goes (the big concern for this area as it continues to grow) it really wouldn't matter assuming both plans include the same amount of office sq. ft.

ATL_J · #**11191** Posted **Aug 14, 2014, 5:23 PM**

Projects that I know for sure are out there being priced, so I imagine should start construction relatively soon:

AMLI City Place Tower (Buckhead), the AMLI in Midtown (which I've seen the newest rendering and I think it's pretty nice compared to other apartment towers that have gone up), Brookwood Square Residential, 33 Peachtree Place, Northside Medical Office and 5th & Peacthree. There might be some others I can't think of and I'm sure there are others I just haven't seen.

I also wouldn't call what we've seen so far a "dribble". The area around O4W Park has over 1,000 multifamily units under construction or finished, completely transformaing that area of town. Novare has put up 2 towers; there's two towers going up on Spring St. between 5th & 10th; 131 Ponce De Leon and the Georgia Proton Treatment Center have filled in two vacant blocks of town; two national cultural projects have just completed - the civil rights and College Football HoF; and that's not even talking about the Westside, Buckhead, or anything else I didn't mention. Point is, a lot of is under construction, a lot is in the process of being built, even more is in stages of design / pricing, and who knows what else is out there. Not everything is going to be built, the low rise stuff is easier to finance, design, and construct so that's going to happen quicker, just be patient.

Pemgin · #**11192** Posted **Aug 14, 2014, 5:42 PM**

Even though it's in Buckhead, Three Alliance is a pretty big deal.

Terminus · #**11193** Posted **Aug 14, 2014, 7:20 PM**

Quote:

Originally Posted by Verge

These projects, especially the large ones, take a LOT of time-- Design and producing Working Drawings can take 6-8+ months and that will only happen after financing is obtained. Those renderings you see are only the tip of the development iceberg that includes financing, zoning, pricing, etc., before any construction can start. Zoning review and approval alone can take several months-- with no variances. Inevitably some will not get built-- lets hope its the better ones that do.

Thanks for telling people this.

One of the problems with all of this DRC stuff being widely-distributed is that plans are now made public a heck of a lot earlier than they otherwise would be. Most plans are only a 25% completion, if that. It doesn't make sense to complete them if the City and DRC make you change them.

ATLcubs · #**11194** Posted **Aug 14, 2014, 7:51 PM**

Quote:

Originally Posted by Pemgin

Even though it's in Buckhead, Three Alliance is a pretty big deal.

I agree, and I like this project a lot. Maybe if it's successful it will draw some of the office tower demand back inside of the perimeter.

1lifealex · #**11195** Posted **Aug 15, 2014, 12:30 AM**

Streetcar testing to start Friday night https://m.facebook.com/AtlantaStreetcar/...61316/10152370623196317/?type=1&refid=17

ATLSkyPalaceOwner · #**11196** Posted **Aug 15, 2014, 11:55 AM**

Quote:

Originally Posted by Ant131531

So will anything actually get built soon? A lot of proposed projects in Midtown, but nothing has started...disappointing once again.

It's been pretty quiet but Yoo on the Park is making headway. I think I read that the tower should go up in 6-9 months and the interior another 6-9 months?

ATLSkyPalaceOwner · #**11197** Posted **Aug 15, 2014, 11:59 AM**

Quote:

Originally Posted by AtlantaMustang

My bet is on 1163 West Peachtree. They're wrapping up Skyhouse Buckhead, so I assume they'd start on this one soon. I think that, the Amli Midtown one, and 22 14th will get started relatively soon. Those are just my bets.

Which one is 22 14th? I don't see it on the developer map.

Edit to add: I also think 7th Midtown has a pretty firm Oct 1st construction starting date. At least that was my impression from an article I read and talking to the salespeople at the open house. They have a general contractor sign / logo / advertisement on the gravel lot right behind Starbucks. You can see it from 7th as you drive towards Peachtree.

micropundit · #**11198** Posted **Aug 15, 2014, 4:37 PM**

What Now Atlanta reports that the prolific residential developer submitted the first of several building permit applications to City of Atlanta Thursday to begin construction on its latest project, 1163 West Peachtree St a 31 story mixed use project. The application calls for $1,850,000 in land development at the nearly 1.5-acre Midtown site, and future home of about 400 units and roughly 10,000 square feet of retail.Einstein Bros. Bagels will relocate its existing standalone restaurant at the site into a street-level retail space in the development.
http://www.whatnowatlanta.com/2014/08/15...-latest-copycat-midtown-apartment-tower/

7even6ix2wo · #**11199** Posted **Aug 15, 2014, 7:49 PM**

Quote:

Originally Posted by ATLSkyPalaceOwner

I also think 7th Midtown has a pretty firm Oct 1st construction starting date.

Is that when they are going to raze the starbucks?

Canguy · #**11200** Posted **Aug 15, 2014, 9:16 PM**

Quote:

Originally Posted by ATLSkyPalaceOwner

It's been pretty quiet but Yoo on the Park is making headway. I think I read that the tower should go up in 6-9 months and the interior another 6-9 months?

Word is Yoo on the Park is back on the shelf due to lack of financing still. I would look for 33 Peachtree to get started in a few weeks.