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  #10461  
Old Posted Nov 8, 2018, 6:18 PM
MARTAisSmarta MARTAisSmarta is offline
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Originally Posted by jwbab View Post
I was given permission from a friend to post this:

I think you need to rehost the image. I can't see it.
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  #10462  
Old Posted Nov 8, 2018, 6:21 PM
jwbab jwbab is offline
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Originally Posted by MARTAisSmarta View Post
I think you need to rehost the image. I can't see it.
Whoops! How about now?
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  #10463  
Old Posted Nov 8, 2018, 6:22 PM
MARTAisSmarta MARTAisSmarta is offline
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Whoops! How about now?
Fixed.
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  #10464  
Old Posted Nov 8, 2018, 6:28 PM
MARTAisSmarta MARTAisSmarta is offline
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Originally Posted by jwbab View Post
I was given permission from a friend to post this:
I think all of these are public knowledge already except maybe 1 or 2. I don't recall seeing anything on 1781 Peachtree before so I found these.
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  #10465  
Old Posted Nov 8, 2018, 6:28 PM
Street Advocate Street Advocate is offline
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Originally Posted by ATL CTO View Post
1105 as of an hour ago. (boy i can't wait for the rock blasting to start)
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  #10466  
Old Posted Nov 8, 2018, 6:41 PM
Sura Sura is offline
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So this means 1105 is starting...or will start soon?
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  #10467  
Old Posted Nov 8, 2018, 6:50 PM
BKeeper3 BKeeper3 is offline
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Originally Posted by DNR View Post
With all of this recent news about more and more development moving south along West Peachtree & Spring St., is it possible that we may ultimately lose the historic Varsity (the land) to the highest bidder or is the structure protected under some Historic status.
I also worry about the Episcopal Church in the same general area at North Ave/West Peachtree.
In 1989, the city started some rumblings about making The Varsity a historic site, which the owners were opposed to since a historic designation would obviously be a potential impediment to getting top dollar on a future sale of the land. It is my recollection that the owners immediately obtained a demolition permit (and - if I recall correctly - then threatened to use), which they keep current should the city make another similar move. The CEO stated in an August Atlanta Business Chronicle article that the property is too valuable, but that she hopes any new development would keep the Varsity as part of it.
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  #10468  
Old Posted Nov 8, 2018, 8:15 PM
montydawg montydawg is offline
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Originally Posted by Martinman View Post
He also thought 575 million for a 700k sq ft tower is way over budget and it's possible the new attraction could be going into the Norfolk Southern HQs.
To give perspective, Comcast built the 973 foot 'Comcast Center' in Philadelphia in 2008 for $540 million. I realize that inflation means that $575 million today won't get us a building that high, however, we might get something 700-900 foot out of this. I really think we will get a smaller sibling of the AT&T building next door, which has just over 1 million square feet. Pretty excited about this project, however, we haven't seen any plans yet.
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  #10469  
Old Posted Nov 8, 2018, 9:18 PM
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shivtim shivtim is offline
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I think it's far more likely it will be a CODA-esque building.
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  #10470  
Old Posted Nov 8, 2018, 9:31 PM
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Atlriser Atlriser is offline
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Construction costs in Philly are substantial higher than in Atlanta for one thing. Trying to compare what a building in 2008 Philly cost to a possible building in Atlanta in 2019 or 2020 is not a rational comparison. Way to many variables to extrapolate some basic comparison.
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  #10471  
Old Posted Nov 8, 2018, 10:03 PM
Street Advocate Street Advocate is offline
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Originally Posted by shivtim View Post
I think it's far more likely it will be a CODA-esque building.
Maybe, but potentially a bit taller. CODA was $400mil and geared towards tech jobs. Railroad industry is more old school with how they operate so I’d be surprised if they had a similar building despite the parcel shape. I do find it curious the cost of the proposal, but they’re only adding 850 jobs in Atlanta.

Either way, will be great if we get NS and 1105 to go under construction around the same time and cap either end of Midtown. Throw in Cousins 8th and West and midtown has a handful of smaller trophy towers (as well as all the other offices recently completed, under construction, or about to break ground of NCR, CODA, Anthem, and Portman 2.0 [i forget the name of the development south of anthem])
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  #10472  
Old Posted Nov 8, 2018, 10:17 PM
Pemgin Pemgin is offline
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I doubt it's going to be a showstopper, but at 750,000 sq. ft., hopefully at least it's not a squat CODA-esque building. Unless it's multiple buildings...
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  #10473  
Old Posted Nov 8, 2018, 11:23 PM
Verge Verge is offline
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Originally Posted by Street Advocate View Post
Maybe, but potentially a bit taller. CODA was $400mil and geared towards tech jobs. Railroad industry is more old school with how they operate so I’d be surprised if they had a similar building despite the parcel shape. I do find it curious the cost of the proposal, but they’re only adding 850 jobs in Atlanta.

Either way, will be great if we get NS and 1105 to go under construction around the same time and cap either end of Midtown. Throw in Cousins 8th and West and midtown has a handful of smaller trophy towers (as well as all the other offices recently completed, under construction, or about to break ground of NCR, CODA, Anthem, and Portman 2.0 [i forget the name of the development south of anthem])
The new building will house 850 new jobs plus the existing 2,000 people already in Atlanta. NS needs 750,000 sf (about 30 stories at 25,000 sf per floor). That would be $800 per sf, and would build a pretty spectacular building-- Or we are looking at over 1,000,000 sf total at $500 per sf or a 40 or 50 story building. All NOT including parking--
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  #10474  
Old Posted Nov 9, 2018, 1:14 AM
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Quote:
Originally Posted by BKeeper3 View Post
In 1989, the city started some rumblings about making The Varsity a historic site, which the owners were opposed to since a historic designation would obviously be a potential impediment to getting top dollar on a future sale of the land. It is my recollection that the owners immediately obtained a demolition permit (and - if I recall correctly - then threatened to use), which they keep current should the city make another similar move. The CEO stated in an August Atlanta Business Chronicle article that the property is too valuable, but that she hopes any new development would keep the Varsity as part of it.
Very interesting background information. The owner sounds rather shrewd.

Having some developer incorporate the entire Drive-In may be another story. At least they could offer a lease option to the restaurant portion of the business.
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  #10475  
Old Posted Nov 9, 2018, 1:27 AM
atlnative73 atlnative73 is offline
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Varsity Parking lots

Quote:
Originally Posted by BKeeper3 View Post
In 1989, the city started some rumblings about making The Varsity a historic site, which the owners were opposed to since a historic designation would obviously be a potential impediment to getting top dollar on a future sale of the land. It is my recollection that the owners immediately obtained a demolition permit (and - if I recall correctly - then threatened to use), which they keep current should the city make another similar move. The CEO stated in an August Atlanta Business Chronicle article that the property is too valuable, but that she hopes any new development would keep the Varsity as part of it.
I think Varsity should start with selling their parking lots (7 parcels) on Spring between 3rd and Ponce De Leon. And replace that parking by adding a couple more levels of parking to their main parking deck.
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  #10476  
Old Posted Nov 9, 2018, 12:26 PM
megalopolis megalopolis is offline
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Question. On Nov 6th, Atlanta3000 tweeted "1105 - Norfolk Southern."

He's brought so much great information to this forum, so clearly we're missing some kind of connection between 1105 and Norfolk Southern?
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  #10477  
Old Posted Nov 9, 2018, 12:48 PM
pawelra pawelra is offline
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Maybe we all should move to twitter now.
Norfolk just announced their move and this guy already knows where, like his talk about Atlanta getting Amazon he knew before Jeff Bezos and this whole excitement that all of you fell for .....casino
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  #10478  
Old Posted Nov 9, 2018, 1:31 PM
skyscraperpage17 skyscraperpage17 is offline
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Originally Posted by pawelra View Post
Maybe we all should move to twitter now.
Norfolk just announced their move and this guy already knows where, like his talk about Atlanta getting Amazon he knew before Jeff Bezos and this whole excitement that all of you fell for .....casino
To be fair, he was (to a large extent) right about the Casino(s).

But yeah, he's talking out of his ass about Norfolk Southern. They already confirmed they're under contract for another parcel (3rd and Ponce) in Midtown with Cousins Properties (not 1105).
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  #10479  
Old Posted Nov 9, 2018, 3:06 PM
megalopolis megalopolis is offline
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Originally Posted by skyscraperpage17 View Post
To be fair, he was (to a large extent) right about the Casino(s).
Cool. So when's the casino breaking ground?
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  #10480  
Old Posted Nov 9, 2018, 3:39 PM
skyscraperpage17 skyscraperpage17 is offline
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Originally Posted by megalopolis View Post
Cool. So when's the casino breaking ground?
Ask Atlanta3000 yourself since you have access to his Twitter page. He's the one who first broke the news here and seems to have inside sources with knowledge of where things stand.

But FWIW, what he got wrong was that the Casino legislation meant Amazon had selected Atlanta for its HQ2.
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