ATLANTA | Development Thread V - Page 802

GeorgiaPeanuts · #**16021** Posted **Oct 26, 2015, 9:06 PM**

Quote:

Originally Posted by jsvh

Reed is dropping serious hints at a big residential / commercial development to be announced in downtown soon:

http://business.blog.ajc.com/2015/10/26/...a-500-million-plus-round-of-development/

The article speculates it could be for the Gulch. I am not sure where else a $500M - $1B project could fit downtown.

Maybe GE HQ? He was asked about GE HQ and said no comment

Atlanta3000 · #**16022** Posted **Oct 26, 2015, 9:16 PM**

Quote:

Originally Posted by GeorgiaPeanuts

Maybe GE HQ? He was asked about GE HQ and said no comment

The software company I work for was working with the Atlanta Hawks a year ago and they mentioned the then current Hawk's owner was planning a massive mixed-use entertainment district connected to Philips arena. The Hawk's owner has since changed so I am not sure if this is the project the article is alluding to.

Dale · #**16023** Posted **Oct 26, 2015, 10:59 PM**

Sounds exciting!

L.ARCH · #**16024** Posted **Oct 27, 2015, 2:15 AM**

Quote:

Originally Posted by jsvh

Reed is dropping serious hints at a big residential / commercial development to be announced in downtown soon:

http://business.blog.ajc.com/2015/10/26/...a-500-million-plus-round-of-development/

The article speculates it could be for the Gulch. I am not sure where else a $500M - $1B project could fit downtown.

I've seen the proposal, and it's going to be a game changer for sure! Can't say anything about it unfortunately... Fingers crossed it comes to fruition.

Ant131531 · #**16025** Posted **Oct 27, 2015, 5:23 AM**

Quote:

Originally Posted by L.ARCH

I've seen the proposal, and it's going to be a game changer for sure! Can't say anything about it unfortunately... Fingers crossed it comes to fruition.

Can you give a broad timeline of when we may hear about it? Sometime early next year....mid next year, etc?

Ant131531 · #**16026** Posted **Oct 27, 2015, 5:26 AM**

So I saw on the Accela website that a permit was filed at 123 Marietta Street. The description is "Sports Mania". Has anyone heard anything about this? It's the surface parking lot in front of the current location of Hudson Grille.

It's an SAP/SPI so it's a new development definitely.

Link to the permit - https://aca.accela.com/ATLANTA_GA/Cap/Ca...gencyCode=ATLANTA_GA&IsToShowInspection=

arctk2014 · #**16027** Posted **Oct 27, 2015, 1:48 PM**

Quote:

Originally Posted by Ant131531

So I saw on the Accela website that a permit was filed at 123 Marietta Street. The description is "Sports Mania". Has anyone heard anything about this? It's the surface parking lot in front of the current location of Hudson Grille.

It's an SAP/SPI so it's a new development definitely.

Link to the permit - https://aca.accela.com/ATLANTA_GA/Cap/Ca...gencyCode=ATLANTA_GA&IsToShowInspection=

It could be just a tenant build-out for the retail space in the existing parking deck- which wouldn't surprise me if Sports Mania is trying to put a "brick and mortar" store in Atlanta; they already have locations in Jacksonville and Detroit.

http://sportsmaniausa.com/pages/about-us

jsvh · #**16028** Posted **Oct 27, 2015, 5:23 PM**

Quote:

Originally Posted by Ant131531

Can you give a broad timeline of when we may hear about it? Sometime early next year....mid next year, etc?

In the original article the mayor says we should expect an announcement "in the next 120 to perhaps 180 days".

Ant131531 · #**16029** Posted **Oct 27, 2015, 6:44 PM**

Quote:

Originally Posted by jsvh

In the original article the mayor says we should expect an announcement "in the next 120 to perhaps 180 days".

So 4-6 months? Sounds fair. Guess we'll hear announcement by the end of Q1 2016/beginning of Q2 2016.

thebigATL · #**16030** Posted **Oct 28, 2015, 1:35 PM**

1138 Peachtree to break ground next year!!!
https://www.bisnow.com/atlanta/news/commercial-real-estate/yoo-know-who-eyeing-two-more-51590

Quote:

We spoke with Trillist's Scott Leventhal (right with Cortland Partners Steven DeFrancis) during our Atlanta State of the Market event last week, where he was a panelist. Trillist, which has begun work on Yoo on the Park, a 25-story, 245-unit luxury apartment tower at 207 13th St, is already dusting off plans for a second Yoo project at 1138 Peachtree St, a site owned by the company, Scott says. Asked when Trillist will break ground on that parcel, Scott says, “We're planning on next year.”

Dettmann1 · #**16031** Posted **Oct 28, 2015, 1:40 PM**

Quote:

Originally Posted by thebigATL

1138 Peachtree to break ground next year!!!
https://www.bisnow.com/atlanta/news/commercial-real-estate/yoo-know-who-eyeing-two-more-51590

I'll believe that when I see shovels in the ground and foundation work underway. Trillist and its predecessor (Who's name escapes me) don't exactly have the best track record of announcing projects and starting them on time.

arctk2014 · #**16032** Posted **Oct 28, 2015, 2:07 PM**

Quote:

Originally Posted by Dettmann1

I'll believe that when I see shovels in the ground and foundation work underway. Trillist and its predecessor (Who's name escapes me) don't exactly have the best track record of announcing projects and starting them on time.

Trillist was formerly known as Tivoli....

Ant131531 · #**16033** Posted **Oct 28, 2015, 4:24 PM**

I've been reading real estate studies lately that have said 2016 should be the biggest year yet for multifamily and commercial in the Atlanta area and that the market is still VERY healthy so we shouldn't see any slowdown in new projects being announced along with construction starts. There also isn't any fear of a bubble since Atlanta still isn't getting the speculative development that it did back in the mid 2000s.

Here's a report/study from PWC on the different markets and where they're going to be at in the coming year - http://uli.org/wp-content/uploads/ULI-Do...Estate-United-States-and-Canada-2016.pdf . Interesting read if you're in to this type of stuff.

One thing that's interesting in the link thebigATL posted was that Atlanta currently has a construction labour shortage and the two big stadiums being built in the area are increasing the construction costs for other projects. This likely means there are projects that are probably holding off until both of those are near or at completion since construction costs would be decreased by then which means more profit margin once their product is delivered.

So yeah, if you're looking for a big year, this next year is definitely that one. Would not be shocked to see a groundbreaking project announced. If you followed other markets, they got huge projects announced within 3 years of being near full recovery. If you consider the same rule for the Atlanta market, than roughly 2016-2017 is when we'll see a large project being planned.

RATBOYKEV · #**16034** Posted **Oct 28, 2015, 4:31 PM**

Quote:

Originally Posted by thebigATL

1138 Peachtree to break ground next year!!!
https://www.bisnow.com/atlanta/news/commercial-real-estate/yoo-know-who-eyeing-two-more-51590

FYI,

The last proposal from Tivoli on this project was 51 Floors, 39,000 Sq Ft retail, with 370 total units. The retail was the bottom 2 floors fronting Peachtree and seemed to be designed for a supermarket. I remember one user on here seeing the design and being underwhelmed.

With the history of this location, I still love the original Mandarin design.

*This isn't going to be built, so don't get your hopes up, y'all

RATBOYKEV · #**16035** Posted **Oct 28, 2015, 4:34 PM**

Quote:

Originally Posted by Ant131531

One thing that's interesting in the link thebigATL posted was that Atlanta currently has a construction labour shortage and the two big stadiums being built in the area are increasing the construction costs for other projects.

I'm sure there are plenty of architects on this board as well as others in the construction industry, but I have seen it get tougher and tougher to find quality subcontractors that will even bid on projects because they are so swamped over the past 12-18 months.

GeorgiaPeanuts · #**16036** Posted **Oct 28, 2015, 4:55 PM**

A lot consolidation planning permit was filed for the Exxon station near Pharr and Peachtree: " The purpose of the consolidation is to conform with the requirements for developing a 134+ unit multifamily community." Sounds like a separate proposal from the other two along that stretch of road, Modera and Terwilliger-Pappas. That'll be 3 decent sized buildings right next to each other.

Also new retail tenant revealed at University House: Twisted Kitchen and looks like one of the retail spaces is available again:
http://mscretail.com/wp-content/uploads/2014/07/UH-Midtown-Brochure_Site-Plan12.pdf

GeorgiaPeanuts · #**16037** Posted **Oct 28, 2015, 6:57 PM**

Rendering for Cheshire Bridge Apartments on the former site of Fleur De Lis restaurant:
http://bluerockresidential.com/portfolio/cheshire-bridge-apartments/

Atlanta3000 · #**16038** Posted **Oct 28, 2015, 7:53 PM**

Quote:

Originally Posted by GeorgiaPeanuts

Rendering for Cheshire Bridge Apartments on the former site of Fleur De Lis restaurant:
http://bluerockresidential.com/portfolio/cheshire-bridge-apartments/

Every mid-rise project in Atlanta looks the same.

Ant131531 · #**16039** Posted **Oct 28, 2015, 9:16 PM**

Quote:

Originally Posted by Atlanta3000

Every mid-rise project in Atlanta looks the same.

I mean, this is pretty much true for most cities in the world. Most of their residential architecture look the same, especially if they were built in the same eras.

arctk2014 · #**16040** Posted **Oct 28, 2015, 10:54 PM**

Quote:

Originally Posted by Atlanta3000

Every mid-rise project in Atlanta looks the same.

Google "Mid-rise residential" and you pretty much get the same thing. It speaks more to the limits of the construction type more than anything.