Downtown Atlanta about to see a $500 million-plus round of development? (costs, floors)

[cqholt]

Parkway Property Investments LLC said it recently bought the building, known as 100 Edgewood, for $17.7 million. It overlooks Hurt Park and stands among the downtown campus of Georgia State University near the school's library and student housing.

Parkway plans to invest approximately $45 million into the renovation of the 18-story, 306,000-square-foot building.

https://www.bizjournals.com/atlanta/..._news_headline

[arjay57]

Another developer who's bullish on downtown:

But Coro officials see the potential for upside with the decks, especially as developers around them begin to redevelop various projects, including Underground Atlanta and the Gulch, that promise to add not only more retail but also housing, Fransen said.

The two decks are mostly in use between 9 a.m. and 4 p.m. during the week, mainly by people going to the courthouse or to Fulton's or Atlanta's government buildings. Revenue last year for the combined parking decks was $3.7M, Fransen said. Luring overnight parking could easily push those revenues higher. “At midnight, you can shoot off a cannon and not hit a car,” he said. “We think the upside on this deal is nighttime parking.”

Read more at: Coro Makes Bet On Downtown Atlanta Parking

[jsvh]

I am fine with that strategy. No need to build new parking downtown. The new residential developments can use parking like these existing decks that basically sit empty 75% of the time.

[Atlanta Scientist]

Norfolk Southern office adaptive reuse to add new retail, hotel, and apartments.

Former Norfolk Southern offices near Castleberry Hill being converted into a mixed-use center called Freight House will now include new, ground-up construction, not originally pitched as part of the redevelopment project.

Developer CIM Group recently submitted plans to the City of Atlanta for the new build, calling for a mix of uses including residential, office, retail, hotel, and podium parking components, set to rise where an asphalt parking lot currently sits, directly behind 125 Ted Turner Drive.

When complete, the 734,095-square-foot (and expanding) complex that fronts Ted Turner Drive, extends two blocks from Mitchell to Peters Street and is dissected by the Nelson Street Bridge, will have transformed from its 1912 genesis as the Southern Railway Freight Depot and Office Building compound, into a residential and commercial expanse.

This will include The Canyon at Freight House, a viaduct adaptation that will offer 740 linear feet of continuous restaurants, bars, coffee shops, and other experiences on two levels.

https://whatnowatlanta.com/freight-h...project-scope/

[J2rescue]

Modera Centennial Park (330 units) & a 190 room hotel are planned for Marietta street downtown.

Tomorrow's News Today - Atlanta: Apartments & Hotel to Rise From the Ashes of "Times Square South"

A huge development thought dead in Downtown Atlanta has been resuscitated, but in a much different form than originally proposed. First announced in 2011 as "Times Square South" and later renamed "285 Marietta," the latest iteration of the project retains the most recent name - 285 Marietta [Street] - but replaces the previously announced office and retail with apartments, a hotel and restaurant/retail space. Significant exterior ad space seems to have also been carried over in the new plan. Renderings indicate that architecture firm Cooper Carry designed the project.

[JMatl]

The stars are aligning Downtown, things are about to take off.

[Atlanta Scientist]

CIM is converting offices to apartments to meet demand. Downtown Atlanta is gaining momentum as a place to live.

Only adding 1,000 units to the 50-acre downtown development wouldn't be enough to meet the demand — a sentiment expressed by city advisory groups months beforehand.

So CIM Group pivoted. Around two weeks ago, it made the decision to convert a 250,000 square-foot office building it planned as part of the redevelopment into 275 apartment units.

“For years, we’ve been banging our heads — me included — about ‘How do we fix our downtown?’ said Brian McGowan, president of Centennial Yards Co., the developer working for CIM Group on the revitalization of The Gulch.

"Well, it’s not rocket science," McGowan said. "Get more people living downtown."

https://www.bizjournals.com/atlanta/...ial-yards.html

[grin123]

https://urbanize.city/atlanta/post/c...building-plans

New tower in downtown walking distance from the main MARTA station of the system has 10 stories of parking! smh...


Glad to see the Centennial Yards project coming along tho

[Atlanta-Native]

Originally Posted by grin123

https://urbanize.city/atlanta/post/c...building-plans

New tower in downtown walking distance from the main MARTA station of the system has 10 stories of parking! smh...

What's wrong with that? How else are you going to accommodate all those people?

[Smocaine]

Originally Posted by Atlanta-Native

What's wrong with that? How else are you going to accommodate all those people?

I'll never understand the fussing over parking decks. Now, empty surface lots: yes, those need to go. But Atlanta is so so so far away from needing to worry about full-on concrete parking decks while so much of the core city is literally empty.