ATLANTA | Construction Thread V - Page 220

simms3_redux · #**4381** Posted: **Apr 12, 2012, 10:33 PM**

^^^I know Novare is now all but sold out at Viewpoint (like maybe a couple units left), it is now officially sold out at Gallery last I heard, it is sold out at all of its other Atlanta buildings (well I guess except for 12CP, which is basically sold out). Novare is nearly sold out at Encore, is sold out of its Tampa condos and Austin and Charlotte condos, etc.

It operates 2 apartment towers of new construction (Catalyst in Charlotte and Element in Tampa). The Brookwood, White Provision and 1010 have been selling like crazy recently, so inventory is especially reduced, and of course considering the Atlantic is now rentals and took some 324 units out of inventory.

I would be happy to see Novare put up another condo tower there and split garage/amenities with Viewpoint and more retail on the ground floor (wow not like they'll lease it up).

I think when a new Midtown condo tower delivers in 2014 or 2015, buildings like 1010 the Brookwood and White Provision will be sold out and demand for condos will skyrocket.

I would guess that the multifamily market is getting a little overheated for traditional lending routes (new construction). Look at all that is going up now, and all that is soon to break ground in the next 180 days. Novare will be first to deliver in this round of multifamily construction, and I would guess that they would like to be the first to deliver in the next round of condo construction (Midtown).

hamster · #**4382** Posted: **Apr 12, 2012, 11:09 PM**

Quote:

Originally Posted by shivtim

Unfortunately it's a one-story building with a car drive-through window on the same block as the Midtown MARTA station and just a very short block off Peachtree Street. While I support credit unions over banks any day, and am glad to see a local credit union expanding their business, it seems like an inappropriate land use. I suppose I shouldn't complain, given the ginormous surface parking lot just across the street.

Took a pic of the new DCCU-Midtown branch under construction. This project appears to be a renovation of the prior structure, and should be completed soon. Just curious, does anyone know what used to be there?

hamster · #**4383** Posted: **Apr 12, 2012, 11:50 PM**

Looking ahead into FY2012, the Capitol Hill Master
Plan calls for construction of the South Parking Deck on
the site of the old DOT building. In FY2011, GBA completed
a pre-design study to build the South Parking
Deck and is optimistic the project will begin this year.
The proposed deck, costing an estimated $24 million,
will have 1,200 parking spaces, including designated
legislative and Capitol parking.
Construction of the deck was identified as a top priority
because both the Archives Building and the Capitol
Parking Deck are slated for demolition, meaning GBA
would lose about 2,000 parking spaces for legislators,
State employees and the public.

http://gba.georgia.gov/vgn/images/po...2011LowRes.pdf

NYbyWAYofGA · #**4384** Posted: **Apr 13, 2012, 1:28 AM**

Quote:

Originally Posted by hamster

Ansley Parkside construction pic taken this morning. Sorry for the glare.

Thanks Hampster! I'm loving the direction that Atlanta is going in with the current infill. This townhouse format, along with the multifamily mixed use infill going up all over the place, look very attractive blended in with all of the beautiful trees and landscaping. It's nice seeing Atlanta mature, densify and come into her own before my very eyes.

mulasewicz · #**4385** Posted: **Apr 13, 2012, 2:45 AM**

Hi, sorry for re-askign this, but does anyone know what is planned for the corner of 14th Street and Hemphill? There has been a Catamount Constructors sign there for a few weeks, but I can't tell if they are going to renovate the existing (old, crappy) building or build something new (preferred).

http://www.catamountconstructors.com/

Thanks!

ashbowl · #**4386** Posted: **Apr 13, 2012, 12:18 PM**

Quote:

Originally Posted by hamster

Took a pic of the new DCCU-Midtown branch under construction. This project appears to be a renovation of the prior structure, and should be completed soon. Just curious, does anyone know what used to be there?

It was built as a C&S Bank branch.

hamster · #**4387** Posted: **Apr 13, 2012, 1:41 PM**

I just noticed that Zipcar added some slots at Ansley Mall, near the Piedmont and Monroe intersection. Great to see Zipcar expanding and providing transportation alternatives.

http://www.zipcar.com/atlanta/find-cars

hamster · #**4388** Posted: **Apr 13, 2012, 1:50 PM**

The Campanile Building (Peachtree and 14th) renovations appear to be underway. There is construction fencing placed in front of the building.

http://www.ajc.com/business/suntrust...g-1130800.html

hamster · #**4389** Posted: **Apr 13, 2012, 7:58 PM**

They will be filling the spot of the former Borders bookstore, which filed Chapter 7 Liquidation

Story about the Borders bankruptcy

Story about TJ Maxx taking over former Borders @ Midtown Place location

Midtown Place SC
650 Ponce de Leon, S 500
Atlanta, GA 30308
Phone: 404-817-9876
Grand Opening on May 20, 2012 from 8am to 8pm!

http://www1.tjmaxx.com/tjx/locator.asp

hamster · #**4390** Posted: **Apr 13, 2012, 8:52 PM**

Quote:

Originally Posted by hamster

Looking ahead into FY2012, the Capitol Hill Master
Plan calls for construction of the South Parking Deck on
the site of the old DOT building. In FY2011, GBA completed
a pre-design study to build the South Parking
Deck and is optimistic the project will begin this year.
The proposed deck, costing an estimated $24 million,
will have 1,200 parking spaces, including designated
legislative and Capitol parking.
Construction of the deck was identified as a top priority
because both the Archives Building and the Capitol
Parking Deck are slated for demolition, meaning GBA
would lose about 2,000 parking spaces for legislators,
State employees and the public.

http://gba.georgia.gov/vgn/images/po...2011LowRes.pdf

Click on the Preliminary Drawings/Rendering link to see what this new parking ramp will look like.

It appears that they are going to save the covered pedestrian bridge and part of the former DOT structure. The parking ramp will have a marble exterior finish to blend in with the other government buildings. I found it interesting that there will be two helipad spots on the top. I wonder if the current capitol ramp across the street, that they plan to tear down when this one is finished, also has them.

hamster · #**4391** Posted: **Apr 14, 2012, 1:12 AM**

Buckhead LA Fitness gets Pool, Basketball Court and Kids Club

GTdan · #**4392** Posted: **Apr 14, 2012, 1:09 PM**

Thanks for the pics.

pawelra · #**4393** Posted: **Apr 14, 2012, 2:35 PM**

Gambling complex developer offers land donation

http://www.wsbtv.com/news/news/local...onation/nMYry/

bigstick · #**4394** Posted: **Apr 14, 2012, 9:10 PM**

Quote:

Originally Posted by pawelra

Gambling complex developer offers land donation

http://www.wsbtv.com/news/news/local...onation/nMYry/

I will not do any good, our backward governor says NO, again this is where government should shut their mouths, and let people decide what is best for them., not big brother.

micropundit · #**4395** Posted: **Apr 15, 2012, 4:28 AM**

Regent Partners, the developer of 3344 Peachtree, Buckhead’s tallest building , bought 50 Allen Plaza from lender BB&T — which had acquired it via foreclosure — for approximately $4.5 million. The deal was done in a joint venture with Worthington Hyde Partners, a Norcross-based real estate investment firm.David Allman, founder and chairman of Regent Partners, said his company has no immediate plans to develop 50 Allen Plaza, but considers it a prime downtown office site, directly adjacent to the Ernst & Young building. Southern Co.

“It’s an incredibly high-profile site,” said Allman. “It’s in a strategic position. This is really the capstone of the Ivan Allen Plaza development.”

Post Properties Inc. also has acquired several parcels in Allen Plaza. It owns tracts to the west, south and southwest and 50 Allen Plaza.

“Allen Plaza is a fantastic gateway development of downtown,” said Dave Stockert, Post president and CEO. “It’s one of the great underdeveloped opportunities downtown.That green space is part of what attracted Post to the area, Stockert said.The development will be more modern, Stockert said, with wide boulevards and building setbacks that leave room for sunlight to come down into pedestrian walkways with access to retail shops.

It’s something of a blank canvas they can work on when the market turns, Stockert said.“Downtown’s coming back.”

http://www.bizjournals.com/atlanta/p....html?page=all

CHAPINM1 · #**4396** Posted: **Apr 15, 2012, 3:54 PM**

Now that is some exciting news! Though it may not mean anything for a little while, I'm really glad to hear that a promising developer, who in a shadow of doubt built the tallest building in Atlanta since 1992 and a great one at that, acquired this site. When the time does come, I'm sure we'll hear something worth the wait...

jpk1292000 · #**4397** Posted: **Apr 15, 2012, 5:22 PM**

Quote:

Originally Posted by bigstick

I will not do any good, our backward governor says NO, again this is where government should shut their mouths, and let people decide what is best for them., not big brother.

Agreed. As a Republican governor, he should be in support of this proposal and let the free market dictate whether this should be built, not his own personal or religious convictions. If he's against gambling, he can simply choose not to visit.

hamster · #**4398** Posted: **Apr 16, 2012, 12:22 AM**

Quote:

Originally Posted by hamster

Click on the Preliminary Drawings/Rendering link to see what this new parking ramp will look like.

It appears that they are going to save the covered pedestrian bridge and part of the former DOT structure. The parking ramp will have a marble exterior finish to blend in with the other government buildings. I found it interesting that there will be two helipad spots on the top. I wonder if the current capitol ramp across the street, that they plan to tear down when this one is finished, also has them.

Pic of the parking garage site

hamster · #**4399** Posted: **Apr 16, 2012, 12:24 AM**

hamster · #**4400** Posted: **Apr 16, 2012, 12:27 AM**