ATLANTA | Development Thread V - Page 724

RocketSurgeon · #**14461** Posted **Jun 17, 2015, 1:07 PM**

Quote:

Originally Posted by jsvh

Is that right? Aren't there already more than 2700 multifamily units under construction in Midtown alone?

I read that as permits issued in 2015, not the total under construction.

GeorgiaPeanuts · #**14462** Posted **Jun 17, 2015, 1:23 PM**

The activity at Eviva site was actually for a film production, today the back area is filled with support crew for a film production

RocketSurgeon · #**14463** Posted **Jun 17, 2015, 2:37 PM**

Quote:

Originally Posted by GeorgiaPeanuts

The activity at Eviva site was actually for a film production, today the back area is filled with support crew for a film production

Yeah, since it's being redesigned I'm sure there will be DRC reviews, etc. long before any dirt moves... I doubt it will be sneaking up on anyone. My completely uneducated guess is it will start in the second half of 2016 or maybe even in 2017.

Frankster87 · #**14464** Posted **Jun 17, 2015, 3:40 PM**

Quote:

Originally Posted by RocketSurgeon

Yeah, since it's being redesigned I'm sure there will be DRC reviews, etc. long before any dirt moves... I doubt it will be sneaking up on anyone. My completely uneducated guess is it will start in the second half of 2016 or maybe even in 2017.

It seems crazy that they could have gotten so far into the process without knowing about the land issue with the neighboring 805 Peachtree condos. I wonder who dropped the ball on that one. The seller? The developer?

I imagine this must have been a very costly mistake since they are going to have to push back development and also spend more money redesigning the project and appearing before the Midtown DRC again.

I hope they can still start in late 2015 or early 2016. A 2017 start is soooo far away!

BlueSangha · #**14465** Posted **Jun 17, 2015, 3:51 PM**

State Farm Campus building is above ground now.

Zanarkand A East · #**14466** Posted **Jun 17, 2015, 4:44 PM**

Just walked down Spring Street, and it's a beautiful thing. 1010 W Ptree is digging below street level, and the building on the northeast corner of the lot is all but gone. University House looks HUGE, and the sunroom on top will have a hell of a view. Square on 5th is so far along that they've installed window blinds! I can't wait to see this street in 3 years.

RocketSurgeon · #**14467** Posted **Jun 17, 2015, 5:01 PM**

Quote:

Originally Posted by Frankster87

It seems crazy that they could have gotten so far into the process without knowing about the land issue with the neighboring 805 Peachtree condos. I wonder who dropped the ball on that one. The seller? The developer?

I imagine this must have been a very costly mistake since they are going to have to push back development and also spend more money redesigning the project and appearing before the Midtown DRC again.

I hope they can still start in late 2015 or early 2016. A 2017 start is soooo far away!

I should have said 2017 is a big maybe--2016 seems reasonable. But yeah, someone must have screwed up royally. It's a good thing the market is so strong because they'll have a lot of costs to recoup. Hopefully the design doesn't suffer for it.

GeorgiaPeanuts · #**14468** Posted **Jun 17, 2015, 6:59 PM**

On Loopnet the following Joint Ventures Opportunities are being listed by JLL (last updated seems to indicate they are recent listings). Some of them would be good to infill. They mark the property in red on the picture

http://www.loopnet.com/Listing/18965584/521-Peachtree-Street-Atlanta-GA/
http://www.loopnet.com/Listing/18965565/640-Peachtree-Street-Atlanta-GA/
http://www.loopnet.com/Listing/18903136/693-Peachtree-Street-Atlanta-GA/
http://www.loopnet.com/Listing/18965557/53-14th-Street-Atlanta-GA/

ATLSkyPalaceOwner · #**14469** Posted **Jun 17, 2015, 7:04 PM**

http://www.loopnet.com/Listing/18965584/521-Peachtree-Street-Atlanta-GA/

I wonder how much that property would go for?

If you're flush with cash and think the Pine Shelter will be closing soon, this seems like a pretty good buy-and-sit if the ask is reasonable.

thepope117 · #**14470** Posted **Jun 17, 2015, 7:23 PM**

Quote:

Originally Posted by ATLSkyPalaceOwner

http://www.loopnet.com/Listing/18965584/521-Peachtree-Street-Atlanta-GA/

I wonder how much that property would go for?

If you're flush with cash and think the Pine Shelter will be closing soon, this seems like a pretty good buy-and-sit if the ask is reasonable.

We should here something about that soon.

Atlanta3000 · #**14471** Posted **Jun 17, 2015, 7:58 PM**

Quote:

Originally Posted by thepope117

We should here something about that soon.

You say that as if you know something. Spill the beans "thepope117"!

RocketSurgeon · #**14472** Posted **Jun 17, 2015, 8:19 PM**

Quote:

Originally Posted by Atlanta3000

You say that as if you know something. Spill the beans "thepope117"!

There's a court decision coming up, isn't there?

Edit: I looked it up. The supreme court just received the case.

Atlanta3000 · #**14473** Posted **Jun 17, 2015, 8:34 PM**

Quote:

Originally Posted by RocketSurgeon

There's a court decision coming up, isn't there?

Edit: I looked it up. The supreme court just received the case.

Looks like I may have to bring out the big guns on this one RocketSurgeon. We have a 911 sit-uation here folks and "the pope117" is hereby declared an Enemy Combantant to the SSP Atlanta Forum until he/she (or shim - no hate here) declassifies any development information being withheld.

Don't tase me Brah!

robertjhajek · #**14474** Posted **Jun 17, 2015, 8:52 PM**

Quote:

Originally Posted by GeorgiaPeanuts

On Loopnet the following Joint Ventures Opportunities are being listed by JLL (last updated seems to indicate they are recent listings). Some of them would be good to infill. They mark the property in red on the picture

http://www.loopnet.com/Listing/18965584/521-Peachtree-Street-Atlanta-GA/
http://www.loopnet.com/Listing/18965565/640-Peachtree-Street-Atlanta-GA/
http://www.loopnet.com/Listing/18903136/693-Peachtree-Street-Atlanta-GA/
http://www.loopnet.com/Listing/18965557/53-14th-Street-Atlanta-GA/

Wow...those are all prime real estate. Perkins+Will needs to design each of these.

Atlanta3000 · #**14475** Posted **Jun 17, 2015, 9:13 PM**

800 More Jobs Come to Atlantic Station

Brazilian IT company to create 400 jobs in Atlanta
http://www.bizjournals.com/atlanta/news/...mpany-to-create-400-jobs-in-atlanta.html

Sage Software to bring 400 jobs to Atlantic Station
http://www.bizjournals.com/atlanta/blog/...tware-to-bring-350-jobs-to-atlantic.html

GTdan · #**14476** Posted **Jun 17, 2015, 9:31 PM**

Does anyone know what the deal is with the Emory Proton Therapy Center on North Ave and Peachtree? I haven't seen any workers onsite for months and now they are removing the tower crane. Are they having financial issues? Also, their website has not been updated since early January.

http://www.advancedparticletherapy.com/c...a-proton-treatment-center/monthly-update

RocketSurgeon · #**14477** Posted **Jun 17, 2015, 9:45 PM**

Quote:

Originally Posted by Atlanta3000

Looks like I may have to bring out the big guns on this one RocketSurgeon. We have a 911 sit-uation here folks and "the pope117" is hereby declared an Enemy Combantant to the SSP Atlanta Forum until he/she (or shim - no hate here) declassifies any development information being withheld.

Heh, I actually meant that literally... there's a supreme court decision coming about the fate of Peachtree-Pine... I assumed that's what he was talking about.

Atlanta3000 · #**14478** Posted **Jun 17, 2015, 9:57 PM**

Quote:

Originally Posted by RocketSurgeon

Heh, I actually meant that literally... there's a supreme court decision coming about the fate of Peachtree-Pine... I assumed that's what he was talking about.

I feel stupid NOW. I had know idea the Peachtree Pine Homeless Shelter litegous enough to be brought before the GA Supreme Court.

Edit: I still think "thepope117" has insider knowledge.....possible sleeper cell. Just sayin'

thepope117 · #**14479** Posted **Jun 17, 2015, 10:20 PM**

Quote:

Originally Posted by Atlanta3000

Looks like I may have to bring out the big guns on this one RocketSurgeon. We have a 911 sit-uation here folks and "the pope117" is hereby declared an Enemy Combantant to the SSP Atlanta Forum until he/she (or shim - no hate here) declassifies any development information being withheld.

Don't tase me Brah!

LOL i was referring to the Supreme court case.

arctk2014 · #**14480** Posted **Jun 17, 2015, 10:51 PM**

Quote:

Originally Posted by robertjhajek

Wow...those are all prime real estate. Perkins+Will needs to design each of these.

There are other design firms in Atlanta that can do just as great of work - who also have multifamily experience to get them done.

Perkins + Will doesn't have a significant portfolio when it comes to multifamily design..... will be great to see their 811 Peachtree project put them on the board but it's obviously costing the developer more than they probably realized.