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  #41  
Old Posted Sep 9, 2020, 5:45 PM
montydawg montydawg is offline
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Originally Posted by smArTaLlone View Post
Any large company who would be relocating here or setting up a large presence would use the purchase as leverage for tax incentives, so the fact that they already purchased the property makes me wonder if they have already applied for tax incentives, or if that is not part of the equation. Can anyone think of a situation where a company purchased land, then applied for tax incentives later?
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  #42  
Old Posted Sep 9, 2020, 6:24 PM
Martinman Martinman is online now
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Originally Posted by montydawg View Post
Any large company who would be relocating here or setting up a large presence would use the purchase as leverage for tax incentives, so the fact that they already purchased the property makes me wonder if they have already applied for tax incentives, or if that is not part of the equation. Can anyone think of a situation where a company purchased land, then applied for tax incentives later?
If it's a relocation or even just a large expansion, the incentive package with the state is already a done deal. That will all be revealed at the announcement.
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  #43  
Old Posted Sep 9, 2020, 7:34 PM
jayden jayden is offline
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Exciting news
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  #44  
Old Posted Sep 9, 2020, 7:38 PM
Street Advocate Street Advocate is offline
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Rumor is the state is making an announcement tomorrow.
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  #45  
Old Posted Sep 9, 2020, 7:50 PM
atlHawks atlHawks is offline
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Originally Posted by Street Advocate View Post
Rumor is the state is making an announcement tomorrow.
I'm guessing you saw that tweet by that BisNow journo?
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  #46  
Old Posted Sep 9, 2020, 8:50 PM
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I'm guessing you saw that tweet by that BisNow journo?
Hah, we shall see if the scoop drops by the end of the week.
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  #47  
Old Posted Sep 10, 2020, 2:29 AM
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ThrashATL ThrashATL is offline
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You spend $127M for land, you're probably spending a total of 8 or 9x that for a total project.
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  #48  
Old Posted Sep 10, 2020, 3:52 AM
atlHawks atlHawks is offline
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Originally Posted by ThrashATL View Post
You spend $127M for land, you're probably spending a total of 8 or 9x that for a total project.

Hmmmmm...

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  #49  
Old Posted Sep 10, 2020, 4:26 AM
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  #50  
Old Posted Sep 10, 2020, 12:51 PM
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Looks like its Microsoft in conjunction with Bill and Melinda Gates Foundation. This could be great for the community given the foundation's focus on health care, education and reducing poverty. Per the article, when Microsoft announced their Midtown job expansion the indicated their plans to "forge deep and enduring relationships with local HBCUs and to help members of underserved communities build digital skills and prepare for technical careers."

https://www.bizjournals.com/atlanta/...-westside.html
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  #51  
Old Posted Sep 10, 2020, 12:53 PM
atlHawks atlHawks is offline
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Microsoft planning major initiative on Atlanta's Westside


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Microsoft Corp. is close to announcing a major expansion by Atlanta’s Bellwood Quarry that could bring jobs, investment and housing to underserved Westside neighborhoods, according to sources familiar with the initiative.

A real estate affiliate of Microsoft is said to be the buyer of Quarry Yards, a pivotal development site on the edge of the Bellwood Quarry that could transform Grove Park, one of the city's poorest neighborhoods, according to multiple sources. The new Microsoft initiative may also be interwoven with the Bill & Melinda Gates Foundation, the sources said. The foundation is a philanthropic giant in health care, education and reducing poverty.

The announcement could come days after the 70-acre Quarry Yards sold for almost $127 million to a recently formed real estate company. Quarry Yards was being developed by a group led by former Georgia Tech star and Atlanta Braves player Mark Teixeira.

The $400 million first phase was slated to rise next to the Bellwood Quarry and Westside Park, set to become Atlanta’s largest greenspace.

Microsoft responded to an email from Atlanta Business Chronicle seeking information about the potential expansion, saying the company “has nothing to share here.”

Teixeira also declined comment about Microsoft's potential interest in Quarry Yards. However, earlier this week he said, "It’s the buyer’s desire to stay private. It’s an end user that will be great for the city.”

Quarry Yards and other new developments heightened concerns about the equitable revitalization of Grove Park, a working class Black neighborhood that has seen decades of disinvestment.

The project would have added office space, restaurants and hotel rooms in walking distance of the Bankhead MARTA station. The Atlanta Beltline, one of the country’s largest urban redevelopment efforts, will also one day weave through the area, connecting Westside Park and Proctor Creek Greenway.

Debra Edelson, executive director of the Grove Park Foundation, said residents want the new owner of Quarry Yards to involve the neighborhood in a discussion about its future.

“If they are interested in creating community, they have 70 acres — they can do just about anything they want,” she told the Chronicle. “Could they bring in a supermarket? A pharmacy? A bank? The needs are endless.”

Earlier this year Atlanta Mayor Keisha Lance Bottoms ordered a moratorium on issuing new construction permits near Westside Park, citing the need "to address rapid gentrification occurring in the area."

That moratorium was recently extended, Edelson said.

Earlier this summer, Microsoft announced a 1,500-job expansion in Midtown’s Atlantic Station. Shortly after that announcement, Rachel Sanders, Microsoft’s diversity and inclusion program manager, wrote this about Atlanta:

“Atlanta advances Microsoft’s mission to empower every person and organization on the planet to achieve more. Leaders of the Atlanta expansion aren’t simply investing in office space. They have plans to forge deep and enduring relationships with local HBCUs and to help members of underserved communities build digital skills and prepare for technical careers.”
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  #52  
Old Posted Sep 10, 2020, 5:02 PM
atlHawks atlHawks is offline
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Interesting tidbit from AJC's report.

Quote:
Microsoft and the CDC Foundation this year contributed $1 million to the creation of a pandemic response center in Atlanta. Backers of a healthcare innovation district in Midtown have also courted Microsoft and the Gates Foundation.
Could Microsoft/Gates Foundation be planning something big here around this?
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  #53  
Old Posted Sep 10, 2020, 5:42 PM
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^It would make sense. Atlanta is the global public health headquarters, with CDC, Carter Center, American Cancer Society, CARE, Emory, etc... I can't see why else Microsoft would be particularly interested in Atlanta.
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  #54  
Old Posted Sep 10, 2020, 10:28 PM
Martinman Martinman is online now
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Well now that we know who, we still don't know exactly what they have planned. They are currently modernizing their HQ campus which has some similarities with the Qarry Yards site.

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  #55  
Old Posted Sep 11, 2020, 12:37 AM
atlHawks atlHawks is offline
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Update: The Gates foundation is not involved. It is only Microsoft.
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  #56  
Old Posted Sep 11, 2020, 1:25 AM
smArTaLlone smArTaLlone is offline
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Originally Posted by atlHawks View Post
Interesting tidbit from AJC's report.



Could Microsoft/Gates Foundation be planning something big here around this?
Nevermind.

Last edited by smArTaLlone; Sep 11, 2020 at 12:11 PM.
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  #57  
Old Posted Oct 14, 2020, 8:23 PM
atlHawks atlHawks is offline
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Microsoft Will Let Employees Work From Home Permanently: Report


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The memo highlights the company’s plans to create a “hybrid workplace.” Microsoft said it will allow employees to work from home freely for less than 50% of their working week, but has said that managers will be able to approve permanent remote work if staff request it. Part-time working hours will also be available for employees with approval from their manager.

Currently, the vast majority of the company’s employees are working from home, and Microsoft previously said they would not reopen office until at least January 2021.
Interesting to see how this affects whatever they are planning to build here.
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  #58  
Old Posted Jan 11, 2021, 11:34 PM
smArTaLlone smArTaLlone is offline
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Microsoft To Build Atlanta Campus, with Up To 15,000 Workers

https://www.bisnow.com/atlanta/news/...loyment-107309

Quote:
Microsoft is laying the groundwork to bring thousands more workers to Atlanta with a series of real estate plays that could result in it being one of the area’s largest employers.

The tech giant has acquired 90 acres next to the Westside Park at Bellwood Quarry, including the large parcel where former baseball star Mark Teixeira once planned a mixed-use development. Microsoft has told a select group of state and city officials that it plans to develop a corporate campus on the site, which would eventually host up to 15,000 workers, sources familiar with the calls tell Bisnow.

Microsoft ultimately plans to develop a corporate campus over a 10-year period, but its ambitions are grander than a cluster of office buildings. The plans call for a host of other developments on the property, including affordable housing and other mixed-use elements, sources familiar with Microsoft's presentation told Bisnow.

Officially, Microsoft officials have been silent on their intentions for the land. Jeffrey Brown, the company's real estate portfolio manager in Atlanta, declined to comment when reached by phone.
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  #59  
Old Posted Jan 12, 2021, 2:39 AM
atlHawks atlHawks is offline
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Originally Posted by smArTaLlone View Post
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a corporate campus on the site, which would eventually host up to 15,000 workers
Insane!!!

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  #60  
Old Posted Feb 11, 2021, 3:03 PM
atlHawks atlHawks is offline
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It's official

Microsoft confirms Atlanta as major East Coast hub, a catalyst for Westside revitalization

Quote:
Microsoft confirmed today it will develop a major East Coast hub in Atlanta that will feature high-paying jobs, affordable housing and a plan for broad, long-term community revitalization in Grove Park, one of the city’s poorest neighborhoods.
Quote:
Confirmation of Microsoft’s expansion comes about a month after it purchased additional land for its 90-acre Grove Park campus by Bellwood Quarry and the Bankhead MARTA station. It gives Microsoft an opportunity to expand significantly beyond the 2,500 jobs it plans to have in Atlanta by the end of the year, including a new, bolstered cloud computing division in Midtown’s Atlantic Station.

“We obviously wouldn’t have bought 90 acres if we didn’t have plans to grow considerably beyond 2,500,” Smith said.
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