ATLANTA | Development Thread V - Page 86

briantech · #**1701** Posted **Oct 1, 2009, 8:25 PM**

Quote:

Originally Posted by JoLeMaMa

UPDATED: ESPN Zone in Buckhead closes
3:07 pm October 1, 2009, by Richard Eldredge

This just in: Formula PR, the El Segundo, Calif-based media reps for Buckhead’s ESPN Zone have confirmed to Buzz that the sports-themed eatery has closed.

In a statement just emailed to Buzz Central, operators cite the current economy for the shuttering:

Dominic Minniti, general manager, Disney Regional Entertainment: “We have enjoyed being a part of the Buckhead business community for nearly ten years. The overall economics of continuing this operation has given us no option but to close.”

Added Rick Alessandri, senior vice president, ESPN, who oversees Zone operations for ESPN: “A decision like this is never easy. We recognize and appreciate the commitment and years of service of all of these employees. Unfortunately, the current economic environment offered us no other choice.”

Company reps tell us the sports-themed restaurant that first opened its doors here in January 2000 had approximately 140 employees. Today those workers received “a 60 day administrative leave package.”

Damnit. Thats weak as hell.

I mean... not like I ever went there, but still. SOB better really revitalize that intersection.

ATLaffinity · #**1702** Posted **Oct 1, 2009, 11:20 PM**

ESPN Zone was disgusting.

that said, SOB is a joke. it was the last thing Buckhead needed. it's going to keep pushing back and back.

sevensixtwo · #**1703** Posted **Oct 2, 2009, 10:44 AM**

ESPN, SOB... good news for midtown.

SAV · #**1704** Posted **Oct 2, 2009, 1:39 PM**

ESPN was not all that. Its an overpriced Dave & Busters in the middle of buckhead. It should move downtown anyway. I can see an ESPN zone and a D&Bs downtown. Well, before everthing crashed and SOB was delayed, Barneys was looking for space in Atlanta . That's some prime real estate. Hopefully it'll be used correctly.

briantech · #**1705** Posted **Oct 2, 2009, 5:20 PM**

Missouri-based pizza chain that is part-amusement park and part smorgasbord is looking to come to Atlanta.

America's Incredible Pizza Company, whose first store was launched in Springfield, Mo., in 2002, is in early negotiations to put at least one of its giant restaurants in suburban Atlanta.

Real estate powerhouse CB Richard Ellis Inc. is representing the company.

America's Incredible Pizza restaurants can be as large as 70,000 square feet, with Go-Kart tracks, indoor golf and giant buffets filled with pizza, salads, pasta and tacos.

--

I looked at their website. Looks kind of like its even a step down from something like Dave and Busters. Not quite the caliber of place I think belongs in buckhead. They'll probably shove it up in east cobb.

ATL_J · #**1706** Posted **Oct 5, 2009, 12:31 PM**

Quote:

Originally Posted by SAV

ESPN was not all that. Its an overpriced Dave & Busters in the middle of buckhead. It should move downtown anyway. I can see an ESPN zone and a D&Bs downtown. Well, before everthing crashed and SOB was delayed, Barneys was looking for space in Atlanta . That's some prime real estate. Hopefully it'll be used correctly.

ESPN Zone was a joke.

I remember going there for Champions League final this past year and outside of the large project screen their had barely any TVs. For a sports bar, it was a pathetic. Not only did they not have very many TVs, they weren't place well, they were very, very outdated and small. The food was overpriced, the service was bad, and the food was not good. I'm surprised it last this long, to be honest.

shivtim · #**1707** Posted **Oct 5, 2009, 1:30 PM**

Official groundbreaking a few days ago on Building 24 at the CDC Roybal (Clifton road) campus.
12 Stories, 311,000 Gross Square Feet, $93,000,000
Office Space for 1,100 Personnel
Aiming for LEED Gold
Occupancy: Summer 2011
Construction Economic Impact: 1,450 jobs are associated with the project including direct and indirect employment.

gttx · #**1708** Posted **Oct 5, 2009, 2:57 PM**

Quote:

Originally Posted by shivtim

Official groundbreaking a few days ago on Building 24 at the CDC Roybal (Clifton road) campus.
12 Stories, 311,000 Gross Square Feet, $93,000,000
Office Space for 1,100 Personnel
Aiming for LEED Gold
Occupancy: Summer 2011
Construction Economic Impact: 1,450 jobs are associated with the project including direct and indirect employment.

At least SOMETHING is happening in this city.

Any word on when the new building on Spring Street might break ground? The one behind Centergy...and rumored to be leased to international consulates.

briantech · #**1709** Posted **Oct 5, 2009, 9:58 PM**

Quote:

Originally Posted by gttx

At least SOMETHING is happening in this city.

Any word on when the new building on Spring Street might break ground? The one behind Centergy...and rumored to be leased to international consulates.

Well, I drove by it today and it looks like they've updated the rendering on the sign. Does that count? Lol

cybele · #**1710** Posted **Oct 5, 2009, 10:09 PM**

Are things dead everywhere or is it just Atlanta?

gttx · #**1711** Posted **Oct 6, 2009, 12:40 AM**

Quote:

Originally Posted by cybele

Are things dead everywhere or is it just Atlanta?

Everywhere. You just can't get projects financed right now.

cityenthusiast · #**1712** Posted **Oct 6, 2009, 4:00 AM**

Hey everyone im new to the thread. Can you post the renderings of the proposed building on spring street. Does anyone know anymore details about it

shivtim · #**1713** Posted **Oct 6, 2009, 12:44 PM**

^Welcome.

RobMidtowner · #**1714** Posted **Oct 6, 2009, 1:24 PM**

I would be surprised if they start that building before repairing the parking deck. It seems like they were planning to use the parking deck to supply parking for the building before it collapsed.

gttx · #**1715** Posted **Oct 6, 2009, 1:30 PM**

Why would they need to wait to START until after the deck is repaired? It's going to take longer to build this building than to fix the parking deck....

I suspect they are waiting on 2 things: more tenant leases, and a bank that will loan them money.

RobMidtowner · #**1716** Posted **Oct 6, 2009, 3:03 PM**

Well I guess you're technically right, they could repair the deck while constructing the building simultaneously. I was just thinking they were probably planning to use the parking deck for the building so now they may be re-evaluating their options and it may take a while before anything happens.

Atlwest281 · #**1717** Posted **Oct 6, 2009, 3:49 PM**

Well just a quick note looks like the Airprot city and Delta have reached an agreement on lease rates at the airport. It also now clears way for the final funds to complete the International terminal. Looks liek all the garbage about Delta leaving and the International terminal not being built are simply that garbage

. Another case for the state to not get involved with the airport. Btw the construction is moving along very quickly. On my way in from work the cranes were going at full blast.

smArTaLlone · #**1718** Posted **Oct 6, 2009, 3:51 PM**

Quote:

Originally Posted by cityenthusiast

Hey everyone im new to the thread. Can you post the renderings of the proposed building on spring street. Does anyone know anymore details about it

Renderings
Link

cityenthusiast · #**1719** Posted **Oct 6, 2009, 4:59 PM**

Thanks for the renderings.Bad new about tower place 200 in Buckhead

http://atlanta.bizjournals.com/atlanta/stories/2009/10/05/daily21.html?surround=lfn
Buckhead's Tower Place 200 is scheduled for sale Tuesday, according to a foreclosure notice.

Owner Transwestern Investment Co. has been trying to restructure a $50.5 million securitized loan backed by the 14-story building, which is part of the Tower Place development and known as "the heart of Buckhead."

Transwestern Investment Co. is in default on a loan originated by Greenwich Capital Financial. It matures in 2011.

Talks between Transwestern Investment Co. and special servicer CWCapital Investments had reached an impasse.

Transwestern Investment Co. purchased the 14-story building in 2006 for $57.7 million, when commercial property values were high and credit was easy.

But the 11-year-old building has seen its vacancy climb to about 35 percent, and Buckhead has become overdeveloped, with two more office towers under construction and scheduled for completion by the end of the first quarter 2010.

Neither building has tenants.

Special servicers across the country are overwhelmed with requests to restructure commercial real estate loans, as building owners face falling values, near-term maturities and a lack of leasing demand.

Downtown’s The Equitable Building, also known as 100 Peachtree, was the first significant foreclosure of an office tower in Atlanta during the current recession. Unlike the Equitable, Tower Place 200, isn’t a landmark tower.

But if it enters foreclosure, Tower Place 200 would be the first major Buckhead casualty in the current downturn, which has seen vacancy skyrocket as new office towers are added to the market.

cityenthusiast · #**1720** Posted **Oct 6, 2009, 7:02 PM**

Hey I'm new to this someone please explain how to post images. When I click on images it just has a url for a website how do you post personal pictures?
Thanks