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  #21  
Old Posted Apr 19, 2018, 10:07 PM
smArTaLlone smArTaLlone is offline
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Newport Aquires 222 Mitchell Street for $12 million



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German real estate company Newport US RE confirmed to Atlanta Business Chronicle it just acquired the more than 380,000-square-foot property for about $12 million. Newport had the former data processing and executive offices for NationsBank, the forerunner of Bank of America, under contract for months.

South downtown’s 222 Mitchell Street could be remade into new housing, retail space and office space, and possibly a hotel.

Asked how much it would pour into 222 Mitchell Street’s renovations, Newport development executives could not say for certain yet, but expected to spend “multiples of the acquisition price.”
Rendering released by a previous investor that never closed on the property.

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  #22  
Old Posted Apr 23, 2018, 1:21 PM
smArTaLlone smArTaLlone is offline
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Newport announces leasing plans for South downtown

https://atlantaintownpaper.com/2018/...easing-agency/

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JLL has been awarded the retail leasing assignment for Newport U.S. RE’s revitalization project of South Downtown.

JLL Director of Retail Agency Leasing Coleman Morris and Vice President Molly Morgan are leading retail leasing at the property. The company is also handling office leasing for the development, led by Vice President Brooke Dewey and Vice President Liz Koteles.

Newport, a Germany-based real estate company, is moving forward with plans to transform 47 existing buildings in an eight block radius in South Downtown. The redevelopment will create a walkable urban neighborhood with retail, restaurants, loft residential units, creative office space and pedestrian plazas while retaining and restoring the historic buildings.

Other prospects include chef driven restaurants and coffee shops, food markets, breweries/distilleries, fitness centers, art and entertainment venues and service users.

Newport will invest $500 million in the project, which will span several years and total 1.8 million square feet.

Renovations are set to begin in the third quarter of this year, with the first spaces set to deliver in 2019. A street concept plan for the redevelopment, approved by Atlanta City Council last October, will make improvements along Broad Street, Mitchell Street, Martin Luther King Jr. Drive and Peachtree Street – prioritizing the needs of pedestrians, cyclists and vehicles. To achieve its vision, Newport has partnered with a team of architects, including BLDGS, Smith Dalia Architects, S9 Architecture, MT Studio and Stevens & Wilkinson.
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  #23  
Old Posted Jun 16, 2018, 7:34 AM
ATLMidcity ATLMidcity is offline
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South Downtown needs to catch fire, and the Gulch needs a "real" tenant.
But, with the purchase and development of 222 Mitchell St and convergence of the adjacent Railyard building into apartment, maybe South Downtown is ripe for a building boom of its own.
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  #24  
Old Posted Jun 16, 2018, 1:04 PM
skyscraperpage17 skyscraperpage17 is offline
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Originally Posted by ATLMidcity View Post
South Downtown needs to catch fire, and the Gulch needs a "real" tenant.
But, with the purchase and development of 222 Mitchell St and convergence of the adjacent Railyard building into apartment, maybe South Downtown is ripe for a building boom of its own.
Don't worry, Amazon's coming...
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  #25  
Old Posted Jun 26, 2018, 12:55 PM
smArTaLlone smArTaLlone is offline
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Downtown's S.H. Kress department store to be part Newport development

https://www.bizjournals.com/atlanta/...ore-to-be.html

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The S.H. Kress department store is the latest historic building to become part of a $500 million redevelopment of south downtown.

Newport US RE bought the 34,000-square-foot art deco building on Broad Street for almost $3.3 million, according to Fulton County property records. Ackerman Broad Street LLC was the seller.

Earlier this year, Newport started renovations to multiple south downtown properties.

The project will reclaim the neighborhood’s brick, stone and terracotta buildings that once formed a thriving garment district, an eclectic collection of stores and shops — the city's true commercial beginnings.
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  #26  
Old Posted Nov 9, 2018, 2:17 PM
smArTaLlone smArTaLlone is offline
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The plans from the marketing brochure look outstanding.











The potential synergy with South Downtown, Underground and The Gulch


https://powersearch.jll.com/res/docs...e)_9664682.pdf
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  #27  
Old Posted Nov 9, 2018, 2:56 PM
crmr298 crmr298 is offline
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Their marketing is on point for sure. This can't happen soon enough!
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  #28  
Old Posted Nov 9, 2018, 6:46 PM
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Atlriser Atlriser is offline
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Does it claim Mitchell is changing from 1 way to 2 way with lane elimination? That’s news to me.
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  #29  
Old Posted Nov 10, 2018, 6:52 AM
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Much of this development feels very industrial, particularly the Peachtree Street courtyard. I'm getting strong Ponce City Market vibes, and that's a good thing!
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  #30  
Old Posted Nov 10, 2018, 12:43 PM
Street Advocate Street Advocate is offline
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Here’s hoping they succeed in restoring the charm of much of south downtown. Will be lovely to see how this evolves over time and hopefully we all get to see developments of all those parking lots near Garnett Station.
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  #31  
Old Posted Nov 10, 2018, 9:07 PM
Vaden Vaden is offline
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That looks really great. That Kress building is a great building. South downtown has the most potential for being "charming" in some fashion. It has the greatest stock of historic buildings in the city over multiple blocks and could be another great pedestrian oriented area. Getting new residents and businesses in the area needs to be the top priority otherwise it can't be sustained. Everything follows people. It would be nice to see downtown become something other than hotel/office/stadium central.

Last edited by Vaden; Nov 10, 2018 at 10:09 PM.
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  #32  
Old Posted Nov 10, 2018, 9:52 PM
Street Advocate Street Advocate is offline
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Quote:
Originally Posted by Vaden View Post
That looks really great. That Kress building is a great building. South downtown has the most potential for being "charming" in some fashion. It has the greatest stock of historic buildings in the city over multiple blocks and could be another great pedestrian oriented area. Getting new residents and businesses in the area needs to be the top priority otherwise it can't be sustained. Everything follows people. It would be nice to see downtown become something other than hotels/office/stadium central.
Absolutely agree with this, especially for the existing charm and getting new blood to the neighborhood. Residents in general will drive success to both new and existing businesses. People have to want to live downtown. Seems like that has finally been turning the corner.
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  #33  
Old Posted Nov 13, 2018, 4:57 PM
Martinman Martinman is offline
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There's just so much potential here to be the best place to eat in the city period. So exciting!

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  #34  
Old Posted Nov 13, 2018, 5:04 PM
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jpk1292000 jpk1292000 is offline
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The sky's the limit

The potential here is really amazing. This could turn into the most walkable, interesting neighborhood in Atlanta. Getting people to live near here is really important to its success, though.
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