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Old 05-11-2016, 09:22 AM
 
10,974 posts, read 10,875,645 times
Reputation: 3435

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https://www.bisnow.com/atlanta/news/...59862?rt=16475

Quote:
In other breaking news, New City's Jim Irwin has construction financing for his 725 Ponce project. Just no office tenant yet. Jim revealed JPMorgan is his development partner on the $140M project. New City just filed permits with the City of Atlanta to begin construction, although Jim tells us he's still working out details with The Kroger Co for an exact start date. But all of this is evidence of his conviction that the Ponce de Leon corridor was an untapped office market for many years, proven with Ponce City Market. “We found this pocket of demand on the East Side for companies looking for non-commodity space off the Peachtree [Street] spine,” he told our audience of some 200 industry pros.
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Old 08-16-2016, 01:03 PM
 
32,025 posts, read 36,788,671 times
Reputation: 13306
Have we already had the public hearings and referendum on this?

Quote:
InvestAtlanta is set to vote on a $155M bond issuance to New City for its planned redevelopment of the Kroger-anchored shopping center at 725 Ponce de Leon Ave, just across from Ponce City Market....

MURDER KROGER SEEKING TAX INCENTIVES FOR MAJOR REDO

Last edited by arjay57; 08-16-2016 at 01:37 PM..
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Old 08-16-2016, 01:15 PM
 
Location: East Point
4,790 posts, read 6,875,132 times
Reputation: 4782
Quote:
Originally Posted by UrbanConquistador View Post
I may have jumped the gun on your comments, Bryantm3. My apologies. I do not take you for a racist or anything like that. As a white person living in the city, the comment did rub me the wrong way and evoked a reactionary response.
well, my first response was kind of reactionary also, i got mad and didn't clarify what i meant. hope we're cool!
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Old 08-16-2016, 01:24 PM
 
Location: Kirkwood
23,726 posts, read 24,866,786 times
Reputation: 5703
Is affordable housing involved in the project?
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Old 08-16-2016, 01:43 PM
 
10,974 posts, read 10,875,645 times
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Quote:
Originally Posted by arjay57 View Post
Have we already had the hearings and referendum on this?
Not that I am a fan of incentives to a private developer, but $7.4M worth of incentives via a bond issuance probably wouldn't even cover the cost of an election. Nor is this money coming from a general fund. Tax money that would not exist without a project going to aid said project existing is small potatoes. It's not like this is Tim-Lee-level-corruption.

Quote:
Originally Posted by cqholt View Post
Is affordable housing involved in the project?
I don't think any housing is being built in the project but it will have 1,900 workers. More than the 1,187 full-time jobs created by the Braves.
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Old 08-16-2016, 01:54 PM
 
Location: Kirkwood
23,726 posts, read 24,866,786 times
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Quote:
Originally Posted by jsvh View Post
Not that I am a fan of incentives to a private developer, but $7.4M worth of incentives via a bond issuance probably wouldn't even cover the cost of an election. Nor is this money coming from a general fund. Tax money that would not exist without a project going to aid said project existing is small potatoes. It's not like this is Tim-Lee-level-corruption.



I don't think any housing is being built in the project but it will have 1,900 workers. More than the 1,187 full-time jobs created by the Braves.
And these (725 Ponce) employees will have transportation options; 2 MARTA bus routes, Eastside Trail, future BeltLine transit, etc.
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Old 08-16-2016, 02:02 PM
 
32,025 posts, read 36,788,671 times
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Quote:
Originally Posted by jsvh View Post
I don't think any housing is being built in the project but it will have 1,900 workers. More than the 1,187 full-time jobs created by the Braves.
The Braves' stadium operation will provide 4,014 new jobs.
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Old 08-16-2016, 02:10 PM
 
10,974 posts, read 10,875,645 times
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Quote:
Originally Posted by arjay57 View Post
The Braves' stadium operation will provide 4,014 new jobs.
Those are not all permanent positions created by the Braves. That number includes things like volunteers and temporary construction jobs. The STP development will only create 1,187 full-time jobs according to the Braves themselves.
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Old 08-16-2016, 02:22 PM
 
Location: Kirkwood
23,726 posts, read 24,866,786 times
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Quote:
Originally Posted by arjay57 View Post
The Braves' stadium operation will provide 4,014 new jobs.
Where will all those people park?
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Old 08-16-2016, 02:36 PM
 
32,025 posts, read 36,788,671 times
Reputation: 13306
Folks would be apoplectic if this happened in Cobb.
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