ATLANTA | Development Thread V

[Ant131531]

Originally Posted by Canguy

I am hearing there is a land dispute that may not be resolved soon. I can tell you with certainty this one is shelved for the next good while.

Yeah, at this point, I figured Eviva wasn't going to happen this cycle. Sad because that parking lot stands out a lot more now that the entire area around it is all but developed.

Do you have any information on Hanover Peachtree @ 7th or Yoo on Peachtree?

[RocketSurgeon]

Originally Posted by Canguy

I am hearing there is a land dispute that may not be resolved soon. I can tell you with certainty this one is shelved for the next good while.

If you're talking about the lot boundary issue, that happened a couple years ago. That's why there was a redesign.

[Orlando]

Originally Posted by micropundit

Keysight Technologies, a leading provider of electronic design and test software, equipment, and services, will expand the company’s presence by opening an operation in Atlanta. This project will create more than 200 software engineering jobs and represents an investment of $13.9 million. I am excited that Keysight Technologies will be one of the first companies to call the high-performance computing center at Georgia Tech home. This is another victory for the City and Invest Atlanta in attracting more companies and establishing Atlanta as one of the fastest growing innovation centers in the United States,” said Mayor Kasim Reed.
http://www.news.gatech.edu/2016/05/18/keysight-technologies-coming-technology-square

Where exactly in the Tech Square area is this going to be?

[Ant131531]

Originally Posted by RocketSurgeon

If you're talking about the lot boundary issue, that happened a couple years ago. That's why there was a redesign.

That guy is usually right about status of developments. Maybe the lot boundary issues returned or never really resolved fully? I mean to be fair, we have yet to see any new renderings of the project. All we have is hearsay...

[arctk2014]

Originally Posted by Orlando

Where exactly in the Tech Square area is this going to be?

Between Spring and W. Peachtree streets and 4th / Armstead Place.

[GeorgiaPeanuts]

Another developer Toll Brothers is looking to break into the Atlanta Market.

http://www.bizjournals.com/atlanta/news/...uilder-toll-brothers-looks-to-enter.html

Example of types of stuff they build in urban markets.

[arctk2014]

AMLI's Tower Crane is now up.

Credit per Mark Toro's Twitter:

https://twitter.com/MarkToro/status/735797027020345344

[micropundit]

Selig Enterprises and Landmark Properties have moved another step forward on The Standard. The JV filed permits for land development on its 19-story student housing project at 708 Spring St. The project is expected to encompass 252 student housing apartments and 11k SF of street-level retail capped by a Starbucks, which is already on the site.

https://www.bisnow.com/atlanta/news/stud...mark-file-permits-for-the-standard-60627

[Canguy]

Originally Posted by Ant131531

That guy is usually right about status of developments. Maybe the lot boundary issues returned or never really resolved fully? I mean to be fair, we have yet to see any new renderings of the project. All we have is hearsay...

That project was full steam ahead a year ago but my gut feeling is that the longer it takes to get off the ground and resolve everything along with the saturation of apartments going on that they will take a good hard look at this one.

I haven't been here in awhile but 881 West Peachtree is ready to go very soon. Not sure if that was confirmed yet.

[Ant131531]

Originally Posted by Canguy

That project was full steam ahead a year ago but my gut feeling is that the longer it takes to get off the ground and resolve everything along with the saturation of apartments going on that they will take a good hard look at this one.

I haven't been here in awhile but 881 West Peachtree is ready to go very soon. Not sure if that was confirmed yet.

They did just get tax abatements from Fulton County a month ago. We all thought that was a sign that they would be well on their way to starting soon since at this point, we thought it was financing that was the main issue.

I'm not that excited for 880 West Peachtree, but density is density.

[GeorgiaPeanuts]

Originally Posted by Ant131531

They did just get tax abatements from Fulton County a month ago. We all thought that was a sign that they would be well on their way to starting soon since at this point, we thought it was financing that was the main issue.

I'm not that excited for 880 West Peachtree, but density is density.

881 Peachtree got tax abatements I think. (The Hanover project next to Bulldog's)

[Ant131531]

Originally Posted by GeorgiaPeanuts

881 Peachtree got tax abatements I think. (The Hanover project next to Bulldog's)

Originally Posted by Triptychtwo

Letter of Inducement for 811 Peachtree LLC (“811 Peachtree”): Mr. Matthew Nichols of Sutherland Asbill & Brennan and Ms. Rian Smith of The Integral Group appeared in connection with the request for a letter of inducement for the issuance of $116,000,000 in taxable revenue bonds for the development of a mixed use project to be called EVIVA Peachtree. 811 Peachtree intends to develop and transform an underutilized surface parking lot into a mixed use development composed of 383 competitively priced rental units, a wrapped parking structure in a 32-story high rise building, and 22,000 square feet of ground floor retail to be located at 811 Peachtree Street NE, at the intersection of 6th Street NE and Peachtree Street NE along the Midtown Mile.

Mr. Nichols informed the Authority that the average residential unit size will be approximately 789 square feet. Ms. Smith explained that EVIVA represents one of Integral’s first market-rate projects in Atlanta, but maintains affordability for residents by featuring smaller, efficiently designed floor plans creating "affordability by design," such that monthly rents will start at $1,500.00, an amount far lower than comparably appointed buildings on the Midtown Mile, which start at $1,717.00. Ms. Smith stated that this lower price point essentially offers an approximately $200 per month discount off the average unit prices in the area, which will allow for a more diverse group of residents to live in the area. The housing units will provide a lower cost housing option for new employees that are being relocated nd/or recruited to Midtown and will satisfy a growing need for this modern workforce. Upon questions from the Authority, Ms. Smith confirmed that parking spaces are allocated to each unit and that the traffic analysis has been completed by the City of Atlanta. Upon a motion made by Dr. Maupin, which was seconded by Ms. Page, the Authority unanimously approved, with the exception of Dr. Bell, the letter of inducement for 811 Peachtree.

811 Peachtree which is Eviva got tax abatements. The Hanover Peachtree @ 7th project applied for tax abatements, but haven't received them yet.

[ATLSkyPalaceOwner]

Originally Posted by Ant131531

They did just get tax abatements from Fulton County a month ago. We all thought that was a sign that they would be well on their way to starting soon since at this point, we thought it was financing that was the main issue.

I'm not that excited for 880 West Peachtree, but density is density.

I'm mostly excited that they'll fix / expand that damn sidewalk on 8th. It's pretty much unusable.

[Triptychtwo]

Originally Posted by Ant131531

That guy is usually right about status of developments. Maybe the lot boundary issues returned or never really resolved fully? I mean to be fair, we have yet to see any new renderings of the project. All we have is hearsay...

They just presented to the Fulton development authority on 26 April. I'd be surprised if they didn't have everything settled prior to their presentation. I don't have inside knowledge of 811 (just 880), but it seems a bit odd that a property dispute would derail this project so far into the process.

[RocketSurgeon]

Originally Posted by Ant131531

That guy is usually right about status of developments. Maybe the lot boundary issues returned or never really resolved fully? I mean to be fair, we have yet to see any new renderings of the project. All we have is hearsay...

Surely they wouldn't have redesigned it if that was still unresolved, but maybe there's a new problem. I'm not sure why everyone is so pessimistic about it, though. Construction will slow down, but barring another once-in-a-lifetime real estate calamity, it won't stop. That's a prime lot. It won't be empty for long.

For 880 West Peachtree, there are markers on some of the trees. I think the law offices are still occupied though, so I'm not sure what that means.

I think this went unnoticed, but the new apartments at 464 Bishop are well underway. The site has been cleared and they're doing foundation/utility stuff.

[galaca]

From the Atlanta transit thread. Not a development, but I'm reposting here so people will actually see it

Originally Posted by galaca

Marta Menu. $2.5B to use in the way you think is most effective.

[DWNTWN]

Three Alliance Center is making some progress.
The glass curtain looks like a completely different color than the renderings showed.

[bigstick]

Originally Posted by DWNTWN

Three Alliance Center is making some progress.
The glass curtain looks like a completely different color than the renderings showed.

Yeah I though it was going to be Silver???

[Pemgin]

Maybe the color depends on which direction the light is reflecting off the glass.

[Ant131531]

Some construction updates from myself(Didn't use DSLR for the last few photos...sorry :/):

782 Peachtree


Midrise portion of Alta Midtown


Post Millennium


Azure on the Park and Alta at the Park


Yoo on the Park


Broadstone Terraces


Modera Midtown


Hanover West Peachtree


Anthem on Ashley


Ralph McGill/Glen Iris Inland Atlantic Apartments


The Square at Glen Iris Townhomes


Moda R-Town Apartments


One Museum Place