Atlanta Project Thread IV

[atlwarrior]

Originally Posted by smArTaLlone

https://www.bizjournals.com/atlanta/..._news_headline

It's estimated that construction will begin next February with completion by December 2021.

Who in the world be coming up with the prison design buildings for GSU. For the love of God, stop it.

[Libertarian]

They need to build a wall around it.

[Martinman]

Essentially they will.


I think the rendering of the GSU building looks far worse than it will be in reality. A few things to consider:

1. Its a part of a multi-phase project and will use the same materials as the other buildings which are attractive.
   
2. It looks like there will be a final phase between this building and the street.
   
3. This building will eventually be entirely on the interior of the block.

[smArTaLlone]

Land development permit has been filed last week for the Star Metals boutique hotel.

[smArTaLlone]

https://www.bizjournals.com/atlanta/..._news_headline

A $50 million loft-office development continues the revitalization of a former industrial area on the edge of Midtown’s Atlantic Station.

Track West Partners, whose principals have ties to large regional investment and development firms Jamestown and S.J. Collins, are leading the seven-story loft-office project at 400 Bishop Street.

Next to the new loft-office project is a proposed pedestrian bridge over the railway, potentially connecting Atlantic Station to new developments on Bishop Street and hundreds of homes in the Loring Heights neighborhood.


The 400 Bishop development will feature balconies “with some of the most coveted views of the Midtown and Downtown skylines,” Track West says. It will also contain a variety of neighborhood restaurants, retail and entertainment options.

There is also a multi-family permit application for 450 Bishop Street.

[smArTaLlone]

GREAT infill project.

The owners of The Ellis Hotel were awarded MARTA’s RFP to develop over the western entrance to the Peachtree Center Station. The proposed development would expand the hotel’s existing amenity space, create addition hotel rooms and incorporate street level retail to complete the pedestrian experience along Peachtree Street.

https://thoughtwell.co/projects/peachtree-center-marta/

[Street Advocate]

That’s awesome, what a great addition. Absolutely wild to think how dense our downtown could be.

[atlwarrior]

Wow, awesome addition to the area. A lot of foot traffic passes by that Peachtee Station entrance. I wonder whatever happened to the Tokyo Hotel proposal that would have been near-by?

[Martinman]

Outstanding. This is the kind of infill that would be ideal throughout the Fairlie-Poplar district and South Downtown.

[smArTaLlone]

https://www.bizjournals.com/atlanta/..._news_headline

[smArTaLlone]

https://www.bizjournals.com/atlanta/..._news_headline

A Washington D.C. firm is studying concepts for redeveloping Earthlink’s Midtown office on Peachtree Street.

Capital City Real Estate bought the 1.5-acre Earthlink property at 1439 Peachtree Street for just over $15 million, in a deal that closed last month, according to Fulton County property deeds.

It could renovate the 40,000-square-foot building on the property, which still houses Midtown office space of Earthlink. It may also consider a larger mixed-use project with offices, condos and hospitality space.

[Historic]

Originally Posted by smArTaLlone

https://www.bizjournals.com/atlanta/..._news_headline

Awesome! More than likely they're going to build something new on that lot. Nobody is going to spend $10M per acre just to renovate a nondescript 40k sqft building.

Just checked out their website, looks like they're responsible for the new condos on Airline as well. Unfortunately, their design leaves a lot to be desired.

[smArTaLlone]

Originally Posted by Historic

Awesome! More than likely they're going to build something new on that lot. Nobody is going to spend $10M per acre just to renovate a nondescript 40k sqft building.

Just checked out their website, looks like they're responsible for the new condos on Airline as well. Unfortunately, their design leaves a lot to be desired.

They are also developing the Drewery Street condos and the development adjacent to the Airline Street condos on Edgewood.

[ATL_J]

Originally Posted by smArTaLlone

https://www.bizjournals.com/atlanta/..._news_headline

This is weak. This much surface parking shouldn't be allowed at this site, particularly with other land uses supposedly being developed concurrently where a shared parking arrangement could occur.

I know the master developer said this:

"We didn’t want to lock into a traditional parking deck structure," Rosenfelt said, adding the development team wants to be "mindful of progressive urban design." He meant that parking and driving needs likely could change in the coming years due to technology and the team wants future flexibility.

Those double stall drive aisles are not going anywhere ever and while parking and driving needs "could" change in the near future, it is unlikely they'll alter enough anywhere in the near- to mid-term to eliminate parking. Additionally, any lender (bank) or future investor in the multifamily property will require dedicated spaces. The master developers paid $8m for the site and Alliance probably paid $1m - $1.5m / acre (7 acres), so it makes sense they'd sell, but don't try to play it off as being altruistic.

[Martinman]

I was going to say that this amount of surface parking should not even be legal.

And I read the bit about being "locked in" to a parking deck as the total BS that it is. This saves the developer money that I doubt they will pass on to renters.

[ATL_J]

Originally Posted by Martinman

I was going to say that this amount of surface parking should not even be legal.

And I read the bit about being "locked in" to a parking deck as the total BS that it is. This saves the developer money that I doubt they will pass on to renters.

The rent here will definitely be cheaper than similarly aged structured parking communities elsewhere, that is the nature of a surface parked community - it is cheaper to build. There is nothing wrong, inherently, with surface parking where appropriate. But the idea that they're holding that space for some future use is laughable. Another thing, unless there was some agreement, which I doubt there is, Alliance and any future owner (should they decide to sell) owns that land. The master developer isn't going to take the land (the surface parking) and redevelop it. Again, their statement is BS and just trying to alleviate any opposition to surface parking that might arise from the community.

Then again, maybe I'm wrong, and part of the contract says they can take the land back should they provide an equal number of spaces in a structured parking deck elsewhere on site, but I would be highly skeptical of such an arrangement.

[Sura]

Wouldn't the developer make more money long term from developed land instead of surface parking, even if parking is consolidated into a larger deck later?

[Martinman]

NEW APPLICATION: SCAD Mixed Use – 1470 Spring St.

New 20-story mixed-use project with 195 residential units (including 973 beds) with a dining hall and food market with a ~33,000 s.f. (700 seat) auditorium, ~35,000 s.f. academic space and ~5,500 s.f. campus retail store. The site is located on the west side of Spring St. with the Buford-Spring connector roadway to the north. A rooftop amenity space with pool is provided at the rooftop of the building while an at-grade open air courtyard is bordered on the three sides by the ‘U’ shaped building. An 8-story connected parking deck (with 232 parking spaces) is provided in the southern portion of the site and is accessible from two proposed points along Spring St. The southernmost point of access is a driveway along the full southern property line that gives access to both parking and loading.

[smArTaLlone]

Originally Posted by Martinman

NEW APPLICATION: SCAD Mixed Use – 1470 Spring St.

Another 20-story tower. It's good that they're building out their campus and making better use of that real-estate.

[robertjhajek]

Yeah, they're really building out a nice ownable campus in north midtown/south buckhead. Accessible by marta rail and bus. lots of development around like met life/invesco project that is breathing new life into the area. good things in store for SCAD in the 2020's!