ATLANTA | Development Thread V

[briantech]

Originally Posted by AtlantaMustang

I've been hoping something like this would go into this space.





http://www.whatnowatlanta.com/2015/03/05...ce-adjacent-the-margaret-mitchell-house/

Awessommme! Been wanting a bodega-type store to go in there ever since it opened up.

[jnihiser]

Decatur:








North Ave (pretty much unrecognizable from 10 years ago):

[UrbanExplorer]

Any updates on downtown developments...post properties Centennial Park Apartments and Walgreens slated for the old Olympia building near Woodruff Park?

[RocketSurgeon]

What an incredible time for Atlanta--after so many years spent mired in decay it's finally in a workable state and only getting better. This cycle sure took its time starting but it's done more for us than I ever imagined.

Bear with me while I get all philosophical here... I think we're witnessing the beginning of what will be a centuries-long high for Atlanta. Being the hub of a growing region with a diverse economy and no geographical limitations, once the balance has tipped and people see it as a desirable place to live I don't see how anything can bring it down. I feel like the rapid decay that happened in the late 1900s was unique to the circumstances of that era and it would take a hell of a disaster for anything like that to happen again. Our only real risk may be that the abundance of land might make the wealth shift around the inner suburbs as buildings age; I think the core is guaranteed to go nowhere but up, but hopefully those close-in neighborhoods can remain stable by maintaining and replacing buildings rather than letting them decay while new ones are built elsewhere.

Anyway, I'm willing to bet that in a hundred years no one will think twice about putting Atlanta with the likes of London and New York, and if the future remains kind it might retain that status for a thousand years or more. And to think it was a sea of blight just twenty years ago...

[bryantm3]

Originally Posted by UrbanExplorer

Any updates on downtown developments...post properties Centennial Park Apartments and Walgreens slated for the old Olympia building near Woodruff Park?

the olympia building is being gutted and edgewood avenue has been closed for a month or so. the renovation is well underway.

[Terminus]

Originally Posted by UrbanExplorer

Any updates on downtown developments...post properties Centennial Park Apartments and Walgreens slated for the old Olympia building near Woodruff Park?

I was told that the City still hasn't approved their SAP. There are a few more design issues to be worked out. Approval should be in a week or two.

[ATL_J]

Originally Posted by Terminus

I was told that the City still hasn't approved their SAP. There are a few more design issues to be worked out. Approval should be in a week or two.

That's great news to hear. I think Post's project downtown is probably the one I'm most excited about, considering what it could mean for that area long term.

[Atlanta3000]

Today's Atlanta Business Chronicle - Page 16B

Alliance Residential Co plans to start construction on Broadstone Terraces, an eight-story, 218 unit apartment building in June.
Sidebar - every rendering of this project clearly shows a six-story building, but it is always advertised as having eight floors. Does anyone know if there is underground parking?

[ATL_J]

Originally Posted by Atlanta3000

Sidebar - every rendering of this project clearly shows a six-story building, but it is always advertised as having eight floors. Does anyone know if there is underground parking?

There's a slight grade change from Juniper to the backside of the site. The possibility is that the front is only six floors, with the backside having two stories of parking with a portion slightly "underground". But that backside doesn't reach 8 stories, because from Juniper towards the neighborhood I believe they have to tier downwards. So it sounds like, it has 8 total stories, but never in one place.

[jpk1292000]

Originally Posted by RocketSurgeon

What an incredible time for Atlanta--after so many years spent mired in decay it's finally in a workable state and only getting better. This cycle sure took its time starting but it's done more for us than I ever imagined.

Bear with me while I get all philosophical here... I think we're witnessing the beginning of what will be a centuries-long high for Atlanta. Being the hub of a growing region with a diverse economy and no geographical limitations, once the balance has tipped and people see it as a desirable place to live I don't see how anything can bring it down. I feel like the rapid decay that happened in the late 1900s was unique to the circumstances of that era and it would take a hell of a disaster for anything like that to happen again. Our only real risk may be that the abundance of land might make the wealth shift around the inner suburbs as buildings age; I think the core is guaranteed to go nowhere but up, but hopefully those close-in neighborhoods can remain stable by maintaining and replacing buildings rather than letting them decay while new ones are built elsewhere.

Anyway, I'm willing to bet that in a hundred years no one will think twice about putting Atlanta with the likes of London and New York, and if the future remains kind it might retain that status for a thousand years or more. And to think it was a sea of blight just twenty years ago...

Great times to be in Atlanta, for sure.

[GeorgiaPeanuts]

Originally Posted by ATL_J

There's a slight grade change from Juniper to the backside of the site. The possibility is that the front is only six floors, with the backside having two stories of parking with a portion slightly "underground". But that backside doesn't reach 8 stories, because from Juniper towards the neighborhood I believe they have to tier downwards. So it sounds like, it has 8 total stories, but never in one place.

Juniper also slopes down towards that restaurant on 5th (soon to be Buckhead Bottle Bar)

Also the first EVEN (IHG brand) hotel in the southeast is coming to Alpharetta area
http://www.bizjournals.com/atlanta/print...-kind-even-hotel-eyed-in-alpharetta.html

Example render of typical styling

[Verge]

Originally Posted by RocketSurgeon

What an incredible time for Atlanta--after so many years spent mired in decay it's finally in a workable state and only getting better. This cycle sure took its time starting but it's done more for us than I ever imagined.

Bear with me while I get all philosophical here... I think we're witnessing the beginning of what will be a centuries-long high for Atlanta. Being the hub of a growing region with a diverse economy and no geographical limitations, once the balance has tipped and people see it as a desirable place to live I don't see how anything can bring it down. I feel like the rapid decay that happened in the late 1900s was unique to the circumstances of that era and it would take a hell of a disaster for anything like that to happen again. Our only real risk may be that the abundance of land might make the wealth shift around the inner suburbs as buildings age; I think the core is guaranteed to go nowhere but up, but hopefully those close-in neighborhoods can remain stable by maintaining and replacing buildings rather than letting them decay while new ones are built elsewhere.

Anyway, I'm willing to bet that in a hundred years no one will think twice about putting Atlanta with the likes of London and New York, and if the future remains kind it might retain that status for a thousand years or more. And to think it was a sea of blight just twenty years ago...

A couple of things--
I have been in Atlanta for awhile-- Intown was never 'a sea of blight' at all-- Its always been an interesting (and cool) place-- just a bit of a secret. Secondly the City proper reached its population zenith in 1960 at 495,000-- by most reports we may be getting to 450k to 460k lately-- there is plenty of room to grow--

[micropundit]

Per Curbed.com, Enfold Properties recently applied for building permits for a project called, simply, "841 Memorial,",an 80-unit $11-million development small boutique deal" with "a rooftop amenity." The name is a reference to the address of the 1.14-acre lot where that street and Chester Avenue collide. The location is essentially next door to the old Atlanta Dairies site, which the folks behind Krog Street Market are rehabbing as a mixed-use hub, and just a few steps from the eventual trailhead of the Beltline's extended Eastside Trail.
Officials are optimistic that construction will launch in June, but a completion date was not provided.

http://atlanta.curbed.com/archives/2015/...ine-boutique-rentals.php#reader_comments

[ATLSkyPalaceOwner]

I drove along 10th St between Peachtree and Piedmont today, and there appeared to be orange and white plastic barriers separating the side walk and where Azure on the Park is supposed to go. Have those always been there? Is this a sign of impending construction?

[midtownblue]

Originally Posted by ATLSkyPalaceOwner

I drove along 10th St between Peachtree and Piedmont today, and there appeared to be orange and white plastic barriers separating the side walk and where Azure on the Park is supposed to go. Have those always been there? Is this a sign of impending construction?

Sorry -- they've been there for years and they're still as unsightly as ever.

[Pemgin]

Originally Posted by ATLSkyPalaceOwner

I drove along 10th St between Peachtree and Piedmont today, and there appeared to be orange and white plastic barriers separating the side walk and where Azure on the Park is supposed to go. Have those always been there? Is this a sign of impending construction?

According to the latest ABC, it's starting in March.

[jnihiser]

Top Golf on Ellsworth:


Ronald McDonald House:

[Ant131531]

Honestly, looking at all of these projects, I'll just be looking forward to the day when all of these projects connect with each other and create long streetwalls that don't end and create cohesive urban streets and environments. That's when you know Atlanta has become an urban and walkable city.

I also think they should ease up the parking requirements for neighborhoods closer to downtown because the lots are so small. An example being the Sweet Auburn/O4W area. There are so many small lots that you can't put a large scale project without tearing down existing buildings because the parking deck would take up too much space. I think that's a large reason we have yet to see any residential or development starts on Edgewood or even on the Streetcar route.

[ATL_J]

Originally Posted by Ant131531

I also think they should ease up the parking requirements for neighborhoods closer to downtown because the lots are so small. An example being the Sweet Auburn/O4W area. There are so many small lots that you can't put a large scale project without tearing down existing buildings because the parking deck would take up too much space. I think that's a large reason we have yet to see any residential or development starts on Edgewood or even on the Streetcar route.

Based on what some others have said in the past, many of these areas don't have super high parking requirements, its simply that the developers, or banks that are financing these projects, demand it because they see it as the only way to be successful (and for some projects, they're probably right).

In regards to vacant areas in and around Edgewood Avenue and the streetcar route, what I have been told / heard in the past is that many of these properties have been own for a long time. The people who own these properties are in no hurry to sell and want a lot of money for their properties. The high costs of the properties mean rents in the area need to get to a certain point before you can make a project work. Also, a lack of available comps is an issue. Hopefully the Gene Kansas rental conversion in the area is a success others can point to when seeking financing.

[RATBOYKEV]

Not exactly highrise related, but Colliers Real Estate recently published their 4Q14 research for the metro.

http://www.colliers.com/en-us/atlanta/insights/research

Some Highlights:

• Perimeter, followed by Buckhead & Midtown showed the best office space absorption.
• In-town vacancy rate was 14.9% with Buckhead at 13.0% (down 2% for the year) & Midtown at 15.7% (flat for the year due to PCM)
• Largest space available in: Midtown - 200,000 Sq Ft, Buckhead - 125,000 Sq Ft