ATLANTA | Development Thread V - Page 823

Martinman · #**16441** Posted **Dec 7, 2015, 7:09 PM**

Quote:

Originally Posted by GeorgiaPeanuts

This lot has come up for sale here: http://x.lnimg.com/attachments/837882AF-B45E-428F-AAB0-B5999083BDD5.pdf

Is across from Skyhouse Midtown and a block from Atlantic House/The New Whole Foods.

It actually says "for ground lease" meaning the owner(s) are looking to "partner" on a potential project. If were for sale, I would think that the 12th & Midtown team would have snapped it up already.

foxmccleod · #**16442** Posted **Dec 7, 2015, 8:38 PM**

Quote:

Originally Posted by Ant131531

By the way, has ANYONE heard any updates on Eviva? I know some people said they wanted to go to the DRC meeting again with an update on their plans, but since there's no December meeting, than it won't be this year. Is it time to give up on this project? I'm beginning to think it just won't happen. Seems like all of the nicest/tallest projects that have been announced in the last 2-3 years never seem to go anywhere(98 14th street, Eviva, Peachtree Yoo). Disappointing considering Atlanta used to be a leader in tall, breathtaking projects getting off the ground.

There are at least weekly meetings on 811 Peachtree. They are definitely moving forward. I find it extremely unlikely that this project would be cancelled. The design is still substantially similar to previous renderings.

joecool · #**16443** Posted **Dec 7, 2015, 8:42 PM**

Quote:

Originally Posted by foxmccleod

There are at least weekly meetings on 811 Peachtree. They are definitely moving forward. I find it extremely unlikely that this project would be cancelled. The design is still substantially similar to previous renderings.

Are they still having issues? Why is it taking so long?

cabasse · #**16444** Posted **Dec 7, 2015, 9:02 PM**

Quote:

Originally Posted by foxmccleod

There are at least weekly meetings on 811 Peachtree. They are definitely moving forward. I find it extremely unlikely that this project would be cancelled. The design is still substantially similar to previous renderings.

that's great to read, and kind of surprising considering how mum they've kept on any news related to the project.

foxmccleod · #**16445** Posted **Dec 7, 2015, 10:02 PM**

Quote:

Originally Posted by joecool

Are they still having issues? Why is it taking so long?

It's the usual: changing the unit mix, removing the previously added office component and second core, parking changes, height change and rework of associated systems, more budget scrutiny and finding ways to remove cost while keeping the design and intent intact. This is very much a one-off design and takes longer to get right. Contrast this with Novare who has the benefit of using a design for several projects and can implement them faster.

Lebowski · #**16446** Posted **Dec 7, 2015, 10:22 PM**

Quote:

Originally Posted by joecool

Are they still having issues? Why is it taking so long?

they had to do a re-redesign; my firm is the EOR. they had to design the foundations for a 3rd time (due to all the changes). but if i recall correctly, we got those drawings out last week.

joecool · #**16447** Posted **Dec 7, 2015, 10:53 PM**

Excellent!!! I LOVE this design. Hope this breaks ground soon

Martinman · #**16448** Posted **Dec 7, 2015, 11:23 PM**

Quote:

Originally Posted by Lebowski

they had to do a re-redesign; my firm is the EOR. they had to design the foundations for a 3rd time (due to all the changes). but if i recall correctly, we got those drawings out last week.

That's good to hear. I hope this breaks ground early next year along with NCR, 22 14th Street, the Tech square tower, and maybe one of the hotel proposals. It would be great to fill in another gap on Peachtree.

testarossa50 · #**16449** Posted **Dec 8, 2015, 12:28 AM**

Regarding the discussion on construction employment, here is the actual data set going back several years:

http://data.bls.gov/timeseries/SMU13120602000000001?data_tool=XGtable

You can make the data say whatever you want. Construction employment declined in October. It also grew by 20% in the three years ending in October. It also is way way below the mid-2000s level. The reality is a nuanced combination of the above statements, as is usually the case.

arctk2014 · #**16450** Posted **Dec 8, 2015, 12:43 AM**

Quote:

Originally Posted by testarossa50

Regarding the discussion on construction employment, here is the actual data set going back several years:

http://data.bls.gov/timeseries/SMU13120602000000001?data_tool=XGtable

You can make the data say whatever you want. Construction employment declined in October. It also grew by 20% in the three years ending in October. It also is way way below the mid-2000s level. The reality is a nuanced combination of the above statements, as is usually the case.

Construction activity naturally declines in October through the winter because of more inclement weather.

A bigger problem particularly localized in the Atlanta market has been the construction of 2 major stadiums nearby: which has locally driven up the price of concrete construction (labor and materials). But one should expect to see some major activity jumps on other projects once both stadiums "top out" in the coming year. This will loosen up some construction costs for other projects around town that have been slow to start and/or have yet to be made public. There are some major projects in the pipeline still.

NickH · #**16451** Posted **Dec 8, 2015, 4:22 AM**

Quote:

Originally Posted by Lebowski

they had to do a re-redesign; my firm is the EOR. they had to design the foundations for a 3rd time (due to all the changes). but if i recall correctly, we got those drawings out last week.

I heard the number of floors were expected to drop because of budgets. Can anyone confirm where the estimated height is now? I have a feeling it's going to end up closer in size to Skyhouse South.

foxmccleod · #**16452** Posted **Dec 8, 2015, 1:48 PM**

Quote:

Originally Posted by NickH

I heard the number of floors were expected to drop because of budgets. Can anyone confirm where the estimated height is now? I have a feeling it's going to end up closer in size to Skyhouse South.

32 floors/368'.

Skyhouse South is 23 floors and 300'.

ATLSkyPalaceOwner · #**16453** Posted **Dec 8, 2015, 3:12 PM**

Quote:

Originally Posted by foxmccleod

32 floors/368'.

Skyhouse South is 23 floors and 300'.

Thanks for posting the info.

In case anyone else was wondering, Viewpoint is 480' and Spire is 453'. Both buildings are "exaggerated" by crowns or, uh, spires.

1lifealex · #**16454** Posted **Dec 8, 2015, 4:07 PM**

Quote:

Originally Posted by foxmccleod

32 floors/368'.

Skyhouse South is 23 floors and 300'.

Just to correct you a little bit skyhouse South is actually 264 feet tall

ATLmangum · #**16455** Posted **Dec 8, 2015, 4:49 PM**

Is there any validity to the rumor that a "mini" Kroger is slated to anchor the retail portion for the new apartment tower for the 12th and Midtown project?

foxmccleod · #**16456** Posted **Dec 8, 2015, 5:09 PM**

Quote:

Originally Posted by 1lifealex

Just to correct you a little bit skyhouse South is actually 264 feet tall

Thanks. That seemed tall for 23 floors, but that is what Emporis listed.

micropundit · #**16457** Posted **Dec 8, 2015, 9:04 PM**

A new hotel project is in the works near Emory University Midtown Hospital. The roughly half-acre site sold for $4.4 million to 524 Peach LLC, according to Phil Barry, principal at Avison Young.The plan is for the property to become a 175-room, eight-story hotel. The flag for the hotel is still unclear, although it would be an upper midscale brand, such as a Hampton Inn, Home2 Suites by Hilton or Holiday Inn Express. The roughly half-acre site sold for $4.4 million to 524 Peach LLC, according to Phil Barry, principal at Avison Young.
http://forum.skyscraperpage.com/newreply.php?do=postreply&t=166320

terilili · #**16458** Posted **Dec 8, 2015, 9:13 PM**

I have not heard that rumor, but I like the idea. Would love to see more "mini" grocery stores in midtown - especially in Colony Square!

jpk1292000 · #**16459** Posted **Dec 8, 2015, 9:46 PM**

Quote:

Originally Posted by micropundit

A new hotel project is in the works near Emory University Midtown Hospital. The roughly half-acre site sold for $4.4 million to 524 Peach LLC, according to Phil Barry, principal at Avison Young.The plan is for the property to become a 175-room, eight-story hotel. The flag for the hotel is still unclear, although it would be an upper midscale brand, such as a Hampton Inn, Home2 Suites by Hilton or Holiday Inn Express. The roughly half-acre site sold for $4.4 million to 524 Peach LLC, according to Phil Barry, principal at Avison Young.
http://forum.skyscraperpage.com/newreply.php?do=postreply&t=166320

Hope they keep the historic facade.

Martinman · #**16460** Posted **Dec 8, 2015, 10:32 PM**

Quote:

Originally Posted by ATLmangum

Is there any validity to the rumor that a "mini" Kroger is slated to anchor the retail portion for the new apartment tower for the 12th and Midtown project?

I would think so. From the time it was first revealed, the development team has planned a grocery store on that block. And the need for more grocery options has only grown in last several years. I don't know if any have opened but Kroger has been looking at an urban store format.