ATLANTA | Development Thread V

[Ant131531]

Why are they replacing buildings when there's an empty lot literally across the street? What the hell is this? I thought it would go on the grassy lot.

[Frankster87]

Originally Posted by Ant131531

Why are they replacing buildings when there's an empty lot literally across the street? What the hell is this? I thought it would go on the grassy lot.

The grassy lot across the street is a Don't berry lot. Don't hold your breathe on that one.... c'est la vie

[Frankster87]

Originally Posted by foxmccleod

It looks like 1389, 1401, and 1409 Peachtree.

https://goo.gl/maps/5AZ60

1389 is a three story, 42k sf office building with TSW, Vespucci's, Subway, and the recently relocated Sausalito's.
1401 is a four story, 86k sf office building.
1409 is a two story, 25k sf office building.

I really hope that Vespucci's can relocate somewhere else within the Midtown area. They have really great pizza. Not quite as good as Rosa's on Broad in Fairlie-Poplar, but still quite good.

[TarHeelJ]

Originally Posted by foxmccleod

It looks like 1389, 1401, and 1409 Peachtree.

https://goo.gl/maps/5AZ60

1389 is a three story, 42k sf office building with TSW, Vespucci's, Subway, and the recently relocated Sausalito's.
1401 is a four story, 86k sf office building.
1409 is a two story, 25k sf office building.

Oh, I thought it was on the vacant grassy lot across the street from those buildings. That's where it should be going rather than demolishing those structures!

[RocketSurgeon]

Originally Posted by foxmccleod

It looks like 1389, 1401, and 1409 Peachtree.

https://goo.gl/maps/5AZ60

1389 is a three story, 42k sf office building with TSW, Vespucci's, Subway, and the recently relocated Sausalito's.
1401 is a four story, 86k sf office building.
1409 is a two story, 25k sf office building.

Wow, if that's true that will really change the character of that block.

[Stairstars]

Color me confused. Then this project is a different one from the MetLife 17th and West Peachtree announced last week?

Originally Posted by Atlanta3000

Peachtree at 17th

Peachtree St and 17th St Atlanta, GA 30309
190,000 sf office
12,200 sf retail
206 residential units
140 hotel rooms

[RocketSurgeon]

Originally Posted by Stairstars

Color me confused. Then this project is a different one from the MetLife 17th and West Peachtree announced last week?

Yes, the one on West Peachtree is a different lot, but I thought MetLife was just buying land... was there an actual project? One thing I did notice about that is it included the Arthritis Foundation building, so I guess that apartment conversion isn't happening.

[megalopolis]

Good news. The zoning review board staff is recommending the approval of the transfer of development rights from the Academy of Medicine building at 875 West Peachtree to the Alta at the Park proposed development on 11th and 12th Streets between Piedmont and Juniper.

[Verge]

Originally Posted by TarHeelJ

Oh, I thought it was on the vacant grassy lot across the street from those buildings. That's where it should be going rather than demolishing those structures!

Though I am usually all for preservation, esp in Atlanta, a city that has torn down so much-- the loss on this block is minimal (and we get rid of that god awful semi-suburban, pseudo-Colonial building)-- especially if the new building is a good urban neighbor with lots of street activity--

[Triptychtwo]

Originally Posted by TarHeelJ

Oh, I thought it was on the vacant grassy lot across the street from those buildings. That's where it should be going rather than demolishing those structures!

That shows you from an economic perspective how much Dingleberry is asking for his property. It's more profitable to purchase land with exisiting structures that are generating revenue and demolish them, than to purchase an empty lot that is generating nothing but weeds right across the street.

[GeorgiaPeanuts]

Work is starting on finishing the upgrade of Viewpoint Retail in the plaza part by Skyhouse South. They've started to erect scaffolding there.

Kale Me Crazy is going into the corner retail in Skyhouse South at 6th and Juniper. They have wrapped the unit with signage replacing the lease me Skyhouse signs; So there is only one space left in Skyhouse for retail, between the deck entrance and the elevators.

In Viewpoint the Bakery from Florida (forget the name) has started build out, in the old unit that had the ads for the massage place upstairs.

[Triptychtwo]

Originally Posted by GeorgiaPeanuts

Work is starting on finishing the upgrade of Viewpoint Retail in the plaza part by Skyhouse South. They've started to erect scaffolding there.

Kale Me Crazy is going into the corner retail in Skyhouse South at 6th and Juniper. They have wrapped the unit with signage replacing the lease me Skyhouse signs; So there is only one space left in Skyhouse for retail, between the deck entrance and the elevators.

In Viewpoint the Bakery from Florida (forget the name) has started build out, in the old unit that had the ads for the massage place upstairs.

Whatever was supposed to go in the corner space in Viewpoint has stopped their build out and it seems is available again. It was some OTP fast casual restaurant, IIRC.

[GeorgiaPeanuts]

Originally Posted by Triptychtwo

Whatever was supposed to go in the corner space in Viewpoint has stopped their build out and it seems is available again. It was some OTP fast casual restaurant, IIRC.

It was Bantu, there is one in Avalon and I thought it sucked anyways so no harm no foul.

[thepope117]

Originally Posted by Stairstars

Color me confused. Then this project is a different one from the MetLife 17th and West Peachtree announced last week?

Yes it's on the opposite side of arts center station. I do love the high density creep that's happening in the northern stretch of midtown.

[RocketSurgeon]

Originally Posted by GeorgiaPeanuts

Kale Me Crazy is going into the corner retail in Skyhouse South at 6th and Juniper.

Is Bob Belcher opening that one?

But seriously, with additions like bakeries and hardware stores that part of Midtown is becoming a proper neighborhood in a hurry.

[GeorgiaPeanuts]

Azure on the Park was issued land dev permit so it also can start site prep now.

[Frankster87]

Originally Posted by megalopolis

Good news. The zoning review board staff is recommending the approval of the transfer of development rights from the Academy of Medicine building at 875 West Peachtree to the Alta at the Park proposed development on 11th and 12th Streets between Piedmont and Juniper.

I'm a little confused here. I didn't realize there was a conflict in the dev rights for Alta at the Park.

So, did the Academy of Medicine hold development rights to the property where Alta at the Park is proposed? Or are we talking about a development around the Academy of Medicine itself? (It would be nice to get rid of that parking lot directly behind it!)

[PremierAtlanta]

Originally Posted by Atlanta3000

Peachtree at 17th

Peachtree St and 17th St Atlanta, GA 30309
190,000 sf office
12,200 sf retail
206 residential units
140 hotel rooms

This proposal, at this height, will make quite the impact in the skyline. It is four blocks north of the skyscraper cluster in the Peachtree @ 14th Street area. This will definitely pull the Midtown highrise skyline towards Brookwood.

This is another building that I think would be great as a condo building.

[PremierAtlanta]

Originally Posted by GeorgiaPeanuts

Azure on the Park was issued land dev permit so it also can start site prep now.

In one week we now have the 29-story Modera Midtown and the 25-story Azure on the Park ready to commence. It's infill development like this that will make Midtown such a vibrant intown community. Throw in the news about the 25-story office tower at Technology Square and we can officially say that the rapid densification of Midtown is well under way.

[RATBOYKEV]

Originally Posted by PremierAtlanta

In one week we now have the 29-story Modera Midtown and the 25-story Azure on the Park ready to commence.

Midtown has the following projects that could start by the end of this year:

• Post Midtown Millenium @ Peachtree Walk & 11th (soil testing has been done)
• Modera @ 8th & Williams (land ready)
• Eviva @ 811 Peachtree St (soil testing has been done)
• Amli Arts Center @ 15th Tower
• Azure on the Park @ Piedmont & 10th (demo completed)
• Hanover Midtown @ 1010 W Peachtree (demo ongoing)
• Broadstone Terraces @ 6th & Juniper (demo completed)
• Related Group @ 22 14th Street (land ready)

Any guesses how many/which we will see start throwing concrete & steel up in the next 7 months?

Originally Posted by Frankster87

I'm a little confused here. I didn't realize there was a conflict in the dev rights for Alta at the Park.

So, did the Academy of Medicine hold development rights to the property where Alta at the Park is proposed? Or are we talking about a development around the Academy of Medicine itself? (It would be nice to get rid of that parking lot directly behind it!)

I am assuming this was the transfer of "air rights" in order to build more/higher than the current zoning allows.

Yoo on the Park purchased 120,290 sq ft of "air rights" from the Margaret Mitchell house which allowed them to build 5-10 stories higher than they would have been able to.

I believe that, at least in Midtown, developers are able to buy "air rights" from historic properties located anywhere in the neighborhood who are not using all of the available "building size" on their land. For example, since the MM house sold their air rights, if the MM building dissapeared - they couldn't build a huge building as they sold their "air rights" and can build anything significant with the remaining "air rights".

Story about the Georgia Terrace Hotel selling development rights.


*edit - "air rights" is used in lieu of "development rights". You hear about new projects in NYC buying "air rights" for obscene prices.