Opus Place | 53 floors

[Metrophile]

Originally Posted by Julien

Or maybe I thought they were filming on the 53ed floor of Opus 2.

haha Yeah, that project should have been wrapping up about now, right?

[cabasse]

is the portapotty still there?

[Julien]

Originally Posted by cabasse

is the portapotty still there?

They are in the right center of pic if you have to go.

Workers on site but [speculation]. Looks like they may have changed the window washer lowering device and this is the old one and the workers are unrelated to Opus. Just using the Opus waste pit.

[Julien]

Oddity: Yesterday when I drove by there were several workers on site and trucks. Only got a glimpse but some were down in the "pool" and others around the rim. Early (about 7:30) this morning I ran by and there is evidence as well as the opening in the fence. Looks like a little site grading. Probably just be tidying up or MAYBE Opus 2 is rising.

[montydawg]

Originally Posted by Julien

Oddity: Yesterday when I drove by there were several workers on site and trucks. Only got a glimpse but some were down in the "pool" and others around the rim. Early (about 7:30) this morning I ran by and there is evidence as well as the opening in the fence. Looks like a little site grading. Probably just be tidying up or MAYBE Opus 2 is rising.

Cousins properties is probably cleaning up the site to avoid that view from their promenade tower right next door. Perhaps this is the result of the lawsuit that was roumoured to have been filed

[Atlriser]

Just close this thread please. They aren’t doing anything but minimal maintenance.

[Driver8]

Originally Posted by Atlriser

Just close this thread please. They aren’t doing anything but minimal maintenance.

Let's keep it so there's a place to discuss the (hopefully) lawsuit. It still pisses me off that they tore up that site, which was a mini oasis in Midtown, and then didn't build anything.

[bigstick]

The top 3 f-ups in this town
1. Opus, what an utter disaster
2. Campanile
3. Eviva

[GeorgiaPeanuts]

https://commercialobserver.com/2022/...ts-management/

They secured more funding, per cbenderatl

[atl2phx]

Originally Posted by GeorgiaPeanuts

https://commercialobserver.com/2022/...ts-management/

They secured more funding, per cbenderatl

please stop repping cbender like he/she is a legit media source, the article is sourced to: Cathy Cunningham, the Finance Editor and Co-Deputy Editor of Commercial Observer

[Atlriser]

$40 M is what they owed for the property. That’s not anything to start construction. This does nothing to move the project forward. Close this damn thread it’s not worth discussing a mud hole!

[daharris80]

Exactly what I assumed. This is refinancing of existing debt, not new funding to allow for anything to be done. It just avoids a default, for now.

[Olorin]

Originally Posted by atl2phx

please stop repping cbender like he/she is a legit media source, the article is sourced to: Cathy Cunningham, the Finance Editor and Co-Deputy Editor of Commercial Observer

Careful - he inexplicably has some devoted followers on here still - but to be fair I think a few of them are actually friends with him


This means nothing - they are in so much debt - a friend of mine was attached to this at one time, he said it's deader than cbenders Amazon prediction

[montydawg]

Originally Posted by Olorin

Careful - he inexplicably has some devoted followers on here still - but to be fair I think a few of them are actually friends with him


This means nothing - they are in so much debt - a friend of mine was attached to this at one time, he said it's deader than cbenders Amazon prediction

Never met D. Bender, but you guys are too hard on him. He is the Jim Cramer of Atlanta development. Entertaining and sometimes full of s***, but overall a good resource at the end of the day. I check his twitter nearly every day as he finds renderings that never show up on this site.

Hopefully the midtown alliance can do something creative with the mid pit while it gets sorted out and sold to another developer. Maybe they can do something that embraces southern culture, like a dirt bike racing pit, tractor pull competition area, goat farm or gun range.

[ATLSkyPalaceOwner]

Originally Posted by montydawg

Never met D. Bender, but you guys are too hard on him. He is the Jim Cramer of Atlanta development. Entertaining and sometimes full of s***, but overall a good resource at the end of the day. I check his twitter nearly every day as he finds renderings that never show up on this site.

That's the opposite of Jim Cramer in almost every way

[Olorin]

Originally Posted by montydawg

Never met D. Bender, but you guys are too hard on him. He is the Jim Cramer of Atlanta development. Entertaining and sometimes full of s***, but overall a good resource at the end of the day. I check his twitter nearly every day as he finds renderings that never show up on this site.

Hopefully the midtown alliance can do something creative with the mid pit while it gets sorted out and sold to another developer. Maybe they can do something that embraces southern culture, like a dirt bike racing pit, tractor pull competition area, goat farm or gun range.

It's such a nice spot hopefully we get a development there soon. Watch, they'll end up building something there and it'll be opus place version 6.0 with17th floors

Last thing I'll say on bender, to me he's like the Alex Jones of Atlanta development news

[Tuckerman]

[QUOTE=Olorin;9712018]It's such a nice spot hopefully we get a development there soon. Watch, they'll end up building something there and it'll be opus place version 6.0 with17th floors

The Rockefellar Group should move their 61 story bldg to this site. Would be better placed than W Peachtree

[DNR]

It's a shame that Midtown or the City of Atlanta doesn't have more power in determining what happens to prime iconic sites such as this.

Hopefully the higher price payed for land would generally help determine the caliber of project that is ultimately developed, but if the buyer gets a substantial below market price for the land, that may alter that line of thinking.

I kind of wish the iconic Santiago Calatrava Symphony Hall design had been built there. The new hall would have retained some proximity to the Arts District and could have been a Cultural & Architectural "feather in the cap" for Atlanta.
This particular land use would have probably allowed for more public greenspace surrounding the hall as well, which would have been a nice oasis among all the existing towers in the area.

[atlnative73]

Originally Posted by DNR

It's a shame that Midtown or the City of Atlanta doesn't have more power in determining what happens to prime iconic sites such as this.

Hopefully the higher price payed for land would generally help determine the caliber of project that is ultimately developed, but if the buyer gets a substantial below market price for the land, that may alter that line of thinking.

I kind of wish the iconic Santiago Calatrava Symphony Hall design had been built there. The new hall would have retained some proximity to the Arts District and could have been a Cultural & Architectural "feather in the cap" for Atlanta.
This particular land use would have probably allowed for more public greenspace surrounding the hall as well, which would have been a nice oasis among all the existing towers in the area.

Not much difference between this site and the multiple empty sites in Midtown owned by Dewberry. Decades of wasted land usage.

[MarketsWork]

Originally Posted by DNR

It's a shame that Midtown or the City of Atlanta doesn't have more power in determining what happens to prime iconic sites such as this.

Hopefully the higher price payed for land would generally help determine the caliber of project that is ultimately developed, but if the buyer gets a substantial below market price for the land, that may alter that line of thinking.

If the City had the power to determine what happened to this "prime, iconic" site, it would amount to a partial taking of private property and the City would owe fair compensation to the owner. The only sure way to get what you want on any property is to buy it.

That said, the market value of land - not just what was paid for it way back when - will determine what is ultimately done with it. The longer a prime tract is held while its surrounding area is developed, the higher its market value will grow. The only limiting factor is how long its owner can handle the taxes and upkeep on his asset, and its lack of liquidity. Just look how long Metropolitan held the largely-vacant site that is now Midtown Union. That's why I'm not bothered by Dewberry's patience with his prime tract at 10th and Peachtree; the longer he can hold it, the more valuable it becomes and the more attractive it will be for a truly special project. I'm just glad there are enough people with the guts to risk their capital to build this great city.