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  #21  
Old Posted Dec 19, 2016, 1:43 PM
Atlanta3000 Atlanta3000 is offline
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Originally Posted by smArTaLlone View Post
Now that you mention it I think I remember something about Dewberry buying that lot. But there was a proposal for that site during the condo boom by another developer as mentioned by SwimAtl. It was going to be condo/hotel and rumored to be an Intercontinental. I don't remember seeing a rendering.
http://urbanaholdings.com/acquisitions.htm

Pershing Park Plaza - Phase II Development Site 1420 Peachtree Street Atlanta, Georgia The acquisition of a future development site zoned for up to 750,000 square feet of office, retail, hotel or multi-family use.

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  #22  
Old Posted Dec 20, 2016, 8:29 PM
AK141 AK141 is offline
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Dewberry buys 1400 Peachtree for $6M
Atlanta Business Chronicle by Doug Sams
Date: Sunday, July 3, 2011, 2:17pm EDT



Atlanta real estate investor and developer Dewberry Capital now owns Midtown's 1400 Peachtree, where InterContinental Hotels Group Plc once planned to be part of a skyscraper that could have risen up to 70 stories.

An affiliate of Dewberry Capital Corp. , Dewberry 1400 Peachtree LLC, bought the nearly 1.7-acre site for $6 million, according to Fulton County records. The transaction closed June 27. The seller was United Community Bank, which had foreclosed on the property in January for $12 million, according to Databank Inc. The site fetched $17.7 million in 2006.

Atlanta-based developer Shailendra Group LLC and the New York office of architect Skidmore Ownings & Merrill LLP had reached the design phase on 1400 Peachtree at Peachtree and 17th streets. One concept had 1400 Peachtree eclipsing the 55-floor Bank of America Plaza as the tallest building in Atlanta. Another resembled the dual-towered Time Warner Center.

That was September 2008. Soon after came the financial meltdown. The economy slipped deeper into recession, construction lending froze, Atlanta's legal and financial sectors shed jobs, and plans for 1400 Peachtree never went forward.

Dewberry Capital, though, has managed to maintain momentum, despite a few setbacks. It worked with State Bank & Trust to restructure the debt backed by One Peachtree Pointe, after losing anchor tenant Seyfarth Shaw LLP to Daniel Corp.'s and Selig Enterprises' 1075 Peachtree tower. Dewberry Capital also spent the past three years expanding its Midtown real estate holdings, with 1400 Peachtree becoming its latest example.

It purchased the tracts at such a low price that if Atlanta's job growth improves next year it could be one of the first Midtown developers to launch a building.
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  #23  
Old Posted Dec 21, 2016, 12:37 AM
smArTaLlone smArTaLlone is offline
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Originally Posted by AK141 View Post

It purchased the tracts at such a low price that if Atlanta's job growth improves next year it could be one of the first Midtown developers to launch a building.
Thanks.

And to whoever wrote the last sentence.
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  #24  
Old Posted Dec 21, 2016, 2:37 AM
Ant131531 Ant131531 is offline
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I have to think if the massive recession never happened, Atlanta may have had 2 more supertalls along with several more 750+ feet skyscrapers lol. Seems like there were so many ambitious plans floating around just prior to the financial meltdown of 2008.
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  #25  
Old Posted Mar 28, 2017, 3:49 AM
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This is beginning to rise
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  #26  
Old Posted Apr 4, 2017, 11:00 PM
smArTaLlone smArTaLlone is offline
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from street level

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  #27  
Old Posted May 18, 2017, 3:26 PM
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Ascent progress

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  #28  
Old Posted Jun 12, 2017, 11:56 PM
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  #29  
Old Posted Jun 13, 2017, 11:35 AM
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The slowest of the slow..................
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  #30  
Old Posted Jun 13, 2017, 10:37 PM
atlwarrior atlwarrior is offline
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I didnt think any building could be slower than 10th and Hanover. What the reason for the slowness?
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  #31  
Old Posted Jun 14, 2017, 1:22 AM
RocketSurgeon RocketSurgeon is offline
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I didnt think any building could be slower than 10th and Hanover. What the reason for the slowness?
The first few floors usually take a long time, then the rest go up quick. It seems to be keeping pace with the Hanover tower on 7th.
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  #32  
Old Posted Jul 28, 2017, 9:25 PM
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  #33  
Old Posted Sep 1, 2017, 9:29 PM
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  #34  
Old Posted Sep 2, 2017, 6:42 PM
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  #35  
Old Posted Sep 2, 2017, 7:47 PM
Street Advocate Street Advocate is offline
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It's projects like this that I think are incredible additions this cycle. Slightly outside concerted development areas, right next to a transit stop, brings a lot more residents, adds a footprint for retail and stirs up foot-traffic with both the residents and hotel guests.
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  #36  
Old Posted Sep 3, 2017, 4:08 AM
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i'd completely forgotten about this one. wow.
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  #37  
Old Posted Sep 3, 2017, 2:33 PM
AtlHeel AtlHeel is offline
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I love the scale of these buildings. They seem to fit perfectly on that site. Great project.
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  #38  
Old Posted Sep 19, 2017, 1:35 AM
smArTaLlone smArTaLlone is offline
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  #39  
Old Posted Sep 19, 2017, 1:41 PM
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Went along Spring Street the other day and this project is certainly going to be a boon to the area. I am excited for what the area around Arts Center station will one day be.
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  #40  
Old Posted Sep 19, 2017, 6:38 PM
montydawg montydawg is offline
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Originally Posted by Street Advocate View Post
Went along Spring Street the other day and this project is certainly going to be a boon to the area. I am excited for what the area around Arts Center station will one day be.
Does anyone know how they will integrate the existing MARTA escape hatch and tunnel exhaust fans into the project? It appears currently they have left them intact and will just build over them. I was hoping they would integrate it better with the final design, however, I know it is still early.
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