Quote:
Originally Posted by Street Advocate
I've been torn on the concept of a park on this site for a while. Unfortunately, I like this office design a lot and think we need more of it in Atlanta. This is one I'd probably want to take a step back on and say leave it up to the residents. The building looks like an appropriate use of space, especially for not adding parking. It also puts more jobs in a neighborhood that would benefit from it, without completely disrupting the park feel, as it doesn't allow vehicles on site and has large sidewalks. I see the building more of a decent use of space that will serve some public purpose and compliment the surrounding parkland and TOD.
I think i'd be a lot more attached to the "linear park" if it wasn't constantly disrupted by vehicular traffic. The longest greenspace this proposed park has is ~0.2 of a mile:
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I am very skeptic about this proposal. I think this has more to do with entitling the land to increase its value and selling it to the city/park and/or having a starting point the developer can then scale back to a more realistic development.
Why am I skeptic? The costs of new construction, even office without parking, are high and I don't think those rents are achievable currently at this location, especially when you take away parking which severely limits your potential tenant base. That, coupled with the lending environment, which I doubt would even finance this without parking, makes me believe this will probably either just end up being retail / restaurant space (which I still don't know could get financed without parking) or just sold to the city/park. It would be very, very hard to lease this building up when competing against Atlanta Dairies, Madison Yards, and the Glencastle redevelopment who all are seeking tenants and aren't exactly setting the world on fire in that regard.
With that said, the proposal looks nice and I would be happy to see this developed. With The George, the Fairfield Development, & the Place Properties / MARTA TOD project this area is really starting to pop.