abandoned highrise at the corner of ivan allen and peachtree— what is it? (asbestos, rated)

[MathmanMathman]

Originally Posted by cqholt

Didn't work, that's why I asked.

Did you try it again? Works fine. And click on the "What" of the original post.

[cqholt]

Didn't work for my browser, but I just Googled it.

[gtcorndog]

I did an analysis of the building as part of a Real Estate Development undergrad class back in 2004. At the time is was undergoing some sort of renovation or clean up as it was swarming with a construction crew. That constant activity made it difficult to get inside the building. My group created a proposal to renovate and redevelop the building as a luxury condo building. Even back in 2004, the margins looked tight. Of course we had to make a lot of assumptions in our analysis, but I think about this every time I drive past the building.

[arjay57]

Originally Posted by gtcorndog

I did an analysis of the building as part of a Real Estate Development undergrad class back in 2004. At the time is was undergoing some sort of renovation or clean up as it was swarming with a construction crew. That constant activity made it difficult to get inside the building. My group created a proposal to renovate and redevelop the building as a luxury condo building. Even back in 2004, the margins looked tight. Of course we had to make a lot of assumptions in our analysis, but I think about this every time I drive past the building.

gt, is the interior structure intact? What about ceiling heights?

There's no question the exterior facade could be pretty, but were y'all able to make any assessment of the systems? I assume the building has a lot of concrete.

[MathmanMathman]

Originally Posted by arjay57

gt, is the interior structure intact? What about ceiling heights?

There's no question the exterior facade is could be pretty, but were y'all able to make any assessment of the systems? I assume the building has a lot of concrete.

This topic came up before and I recall someone said it was studied and determined to be too far gone to restore.

[gtcorndog]

Originally Posted by arjay57

gt, is the interior structure intact? What about ceiling heights?

There's no question the exterior facade is could be pretty, but were y'all able to make any assessment of the systems? I assume the building has a lot of concrete.

We couldn't really get in to do an assessment and the owners weren't cooperative to giving us any information or access. The place was a mess from what I could tell though. I couldn't tell if it was just cosmetic stuff or if its issues ran more than the skin-deep stuff. Since the renovation that was going on at the time never really went anywhere, I'm thinking it must have some serious issues.

I've always thought that building could be restored beautifully, but there has to be some reasons why, even during the mid 2000's housing boom, it wasn't.

[bryantm3]

Originally Posted by gtcorndog

I've always thought that building could be restored beautifully, but there has to be some reasons why, even during the mid 2000's housing boom, it wasn't.

there are tons of buildings around the downtown atlanta area that are in hellacious condition. for some reason i think most companies like to build new— it's probably just a general preference rather than something indicative of the building being in "unrestorable" condition. i'm not saying it's not in bad condition, but i doubt that the problems are so serious that the building can't be restored.

[gtcorndog]

Originally Posted by bryantm3

there are tons of buildings around the downtown atlanta area that are in hellacious condition. for some reason i think most companies like to build new— it's probably just a general preference rather than something indicative of the building being in "unrestorable" condition. i'm not saying it's not in bad condition, but i doubt that the problems are so serious that the building can't be restored.

I'm sure it can be restored. Can it be done profitably? Probably not.

[bryantm3]

Originally Posted by gtcorndog

I'm sure it can be restored. Can it be done profitably? Probably not.

of course it can... you're just going to have to wait a few years for the profit to roll in. it's a heck of a project, you have to front a lot of cash for a delayed profit.

[BobKovacs]

Originally Posted by arjay57

There's no question the exterior facade could be pretty, but were y'all able to make any assessment of the systems? I assume the building has a lot of concrete.

I'm pretty sure it's a steel-framed building with terracotta floor infill. Cast-in-place concrete construction wasn't too popular yet back when that thing was built.

The exterior facade would need tons of work to be made "attractive"- it doesn't appear to be in very good condition, and doesn't look like it was all that attractive to begin with. Add in the mismash of materials that are exposed where the adjacent buildings were torn down, and it's a mess.

And regarding the "systems"- the place has been empty for almost 20 years- there's not a system in the building that wouldn't need to be completely torn out and replaced.