ATLANTA | Development Thread VI - Page 554

shivtim · #**11061** Posted **Jan 17, 2019, 1:54 PM**

^Interesting. Any idea where all that went in downtown? I recall a few new leases in Peachtree Center, and if they're counting Bank of America as "downtown" there was some absorption there in 2018. But 450,000sqft?

ATL_J · #**11062** Posted **Jan 17, 2019, 3:35 PM**

Quote:

Originally Posted by shivtim

^Interesting. Any idea where all that went in downtown? I recall a few new leases in Peachtree Center, and if they're counting Bank of America as "downtown" there was some absorption there in 2018. But 450,000sqft?

I think they're getting some submarkets confused. Looking at CoStar data, Downtown had 314k net absorption over past 12 months, Midtown had 457k. Asking rents in Downtown are $24.63 and Midtown $35.25.

Downtown has definitely done well absorbing that much, but top buildings in the submarket are still asking mostly sub $30, mostly around $25 / SF Full-Service, with 191 Peachtree asking $31 / SF Full-Service, but executed leases actually much lower.

GeorgiaPeanuts · #**11063** Posted **Jan 17, 2019, 5:32 PM**

A new Assisted living tower is being built at 2045 Peachtree Rd:

https://aca3.accela.com/ATLANTA_GA/C...howInspection=

It will replace the surface parking and the parking deck and the existing tower will be remaining.

Quote:

Heartis Buckhead - LD
Heartis Buckhead - LD. In proposed development the existing medical office building will remain and the surface parking and parking deck is replaced with a senior living facility of 213 units & amenities, structured parking below and above ground, utilities and landscaping. Stormwater will consist of underground detention, stormwater planters and a proprietary water quality device.

THWg · #**11064** Posted **Jan 21, 2019, 5:48 PM**

The Atlanta Medical Center building on the SE corner of Ralph McGill and Boulevard is finally being demolished (started on Thursday). They put up a fence and gutted it a few months ago. I asked about it here and asked Curbed awhile ago, but no one knows anything about it.

I find the lack of interest and info odd since the apartment and townhome projects a few blocks away got dedicated articles on many sites.

Street Advocate · #**11065** Posted **Jan 21, 2019, 5:57 PM**

Quote:

Originally Posted by THWg

The Atlanta Medical Center building on the SE corner of Ralph McGill and Boulevard is finally being demolished (started on Thursday). They put up a fence and gutted it a few months ago. I asked about it here and asked Curbed awhile ago, but no one knows anything about it.

I find the lack of interest and info odd since the apartment and townhome projects a few blocks away got dedicated articles on many sites.

I’ve been digging on this for a bit and still have limited info- despite being told WellStar (owns AMC) has been in discussion with the beltline DRC. I’ll see if I can find more info from those who work at the hospital.

Here’s a pic of demo from last Tuesday:

Also- they shut down some restaurants in the building across the street (chikfila)- I’m wondering if they’ll be expanding that building as well.

Username123 · #**11066** Posted **Jan 21, 2019, 6:14 PM**

Quote:

Originally Posted by Street Advocate

I’ve been digging on this for a bit and still have limited info- despite being told WellStar (owns AMC) has been in discussion with the beltline DRC. I’ll see if I can find more info from those who work at the hospital.

Here’s a pic of demo from last Tuesday:

Also- they shut down some restaurants in the building across the street (chikfila)- I’m wondering if they’ll be expanding that building as well.

That sign indicates that it’s going to be a new trauma center, part of the wording can be seen on the left.

Street Advocate · #**11067** Posted **Jan 21, 2019, 6:55 PM**

Quote:

Originally Posted by Username123

That sign indicates that it’s going to be a new trauma center, part of the wording can be seen on the left.

AMC is a level 1 trauma center. Cannot recall if it’s referencing that or saying it’s a new portion. Either way- i expect a new portion of the hospital and I’m more curious about the height, design, street level interaction, etc.

arctk2014 · #**11068** Posted **Jan 21, 2019, 9:56 PM**

Quote:

Originally Posted by THWg

The Atlanta Medical Center building on the SE corner of Ralph McGill and Boulevard is finally being demolished (started on Thursday). They put up a fence and gutted it a few months ago. I asked about it here and asked Curbed awhile ago, but no one knows anything about it.

I find the lack of interest and info odd since the apartment and townhome projects a few blocks away got dedicated articles on many sites.

Quote:

6:20pm New Business: 345 Boulevard NE – WELLSTAR HEALTH SYSTEMS, INC
The property is zoned C-2. The scope of work includes the demolition of an existing vacant medical office building and
the associated parking, to address safety concerns and to allow for the future development plans of the WellStar Atlanta
Medical Center campus.
By removing the existing 345 building, the site now exceeds the maximum parking limits allowed by the Overlay, which is 21 spaces based on the
office building square footage. The intent of the demolition is to impact as little of the site as possible while removing the 345 building, and therefore the existing parking at the rear of the site is intended to remain as is.

SOURCE:
https://beltlineorg-wpengine.netdna-...da_June-20.pdf

Atlanta Medical Center posted about the demolition last week on Facebook as well but didn't cite any specific plans yet.

https://www.facebook.com/AtlantaMedC...type=3&theater

Street Advocate · #**11069** Posted **Jan 21, 2019, 10:12 PM**

Quote:

Originally Posted by arctk2014

SOURCE:
https://beltlineorg-wpengine.netdna-...da_June-20.pdf

Atlanta Medical Center posted about the demolition last week on Facebook as well but didn't cite any specific plans yet.

https://www.facebook.com/AtlantaMedC...type=3&theater

From the variance: “Variation request to allow demolition of an existing building greater than 50 years old without plan for redevelopment of the property. The building is currently vacant and there are safety and security concerns by the owner. The owner’s intent is to redevelop this site in the future for medical services.”

That lot and several others in O4W are still prime to be redeveloped. Hopefully we see a mix of usess including more offices, condos, townhomes, apartments, and retail. Areas include this lot, the surface parking to the east of it, between freedom parkway, boulevard, and ralph McGill, all of AMC’s surface parking, west of glen iris between wabash and east Ave, east of glen iris (both north ave to Morgan and rankin to wabash), and sunbelt rentals parcels. I’d even argue the garden style communities and surface lots between angier, parkway, Highland, and piedmont should be redeveloped and steeet grid introduced. Lots lots lots of opportunity for better use of space and infill.

sbrptree · #**11070** Posted **Jan 22, 2019, 12:23 PM**

Quote:

Originally Posted by robertjhajek

Yeah they added King & Spalding signage up there and probably upgraded the lights in doing so!

Would someone grab a pic of the sign?

Martinman · #**11071** Posted **Jan 22, 2019, 2:16 PM**

Quote:

Originally Posted by ATL_J

I think they're getting some submarkets confused. Looking at CoStar data, Downtown had 314k net absorption over past 12 months, Midtown had 457k. Asking rents in Downtown are $24.63 and Midtown $35.25.

Downtown has definitely done well absorbing that much, but top buildings in the submarket are still asking mostly sub $30, mostly around $25 / SF Full-Service, with 191 Peachtree asking $31 / SF Full-Service, but executed leases actually much lower.

JLL may define the submarkets differently than the report CoStar is using.

jwbab · #**11072** Posted **Jan 22, 2019, 2:36 PM**

Agenda and Fact Sheets for today's Development Authority of Fulton County January meeting.

http://www.developfultoncounty.com/d...Fact_Sheet.pdf

Street Advocate · #**11073** Posted **Jan 22, 2019, 2:57 PM**

Quote:

Originally Posted by jwbab

Agenda and Fact Sheets for today's Development Authority of Fulton County January meeting.

http://www.developfultoncounty.com/d...Fact_Sheet.pdf

<333 all 3 phases of Star Metals, both phases of Midtown Union (without any mention of the residential portions), 1105 West Peachtree, 125 Milton Ave (495 surface parking spaces adjacent the BeltLine

), 900 Joseph E. Lowery Boulevard (seems relatively low density for the site...)

jsvh · #**11074** Posted **Jan 22, 2019, 8:15 PM**

Quote:

Originally Posted by Martinman

JLL may define the submarkets differently than the report CoStar is using.

Yeah, BoA Tower for example could account for a big part of that if you count it as Downtown or Midtown.

Either way, in town, urban office is booming and Downtown is doing better than it has in decades.

Sura · #**11075** Posted **Jan 22, 2019, 9:13 PM**

Quote:

Originally Posted by jsvh

Yeah, BoA Tower for example could account for a big part of that if you count it as Downtown or Midtown.

Either way, in town, urban office is booming and Downtown is doing better than it has in decades.

I believe BoA is part of NoSoNo