New 17-acre mixed-use project planned near downtown Vinings (Atlanta, Smyrna: 2015, apartment)

[Airforceguy]

Madison Retail LLC wants to revise its original site plan for the project at Cobb Parkway and Paces Mill Road to include an office tower of up to 10 stories, 105,000 square feet of retail space, and 300 apartment units.

http://www.bizjournals.com/atlanta/n...n-vinings.html

[Carolina Knight]

This appears to be a good development idea. Would the apartment units be in a tower? Is there a grocer nearby, or is there one planned in the retail space?

[primaltech]

Originally Posted by Carolina Knight

This appears to be a good development idea. Would the apartment units be in a tower? Is there a grocer nearby, or is there one planned in the retail space?

There's a Kroger literally right there.

[primaltech]

I'm not a subscriber... Could someone please post the article?

[Carolina Knight]

Originally Posted by primaltech

There's a Kroger literally right there.

Ah, it is Kroger #207 (also known as store GA-207 or store 01100207), Riverview Village, 3300 Cobb Parkway Southeast, Suite 100, Atlanta, Georgia 30339-8002. We know plans for Kroger #207 to relocate to a level of Sears #1385, Cumberland Mall, 1500 Cumberland Mall Southeast, Atlanta, Georgia 30339-3141, were cancelled. I wonder if the 105,000 square feet of retail planned is actually a Kroger Marketplace.

Further reading

• Kroger looks to open in Cumberland Mall (2015-03-02)
• Kroger's planned $29 million Cumberland Mall store cancelled by Sears (2016-01-12)

[demonta4]

What would be considered "Downtown Vinings"?

[whodean]

And the beat goes on for Cumberland /Vinings

[glovenyc]

Just waiting for Cqholt and/or jsvh to chime in on how much Cumberland/Vinings/Braves/Cobb/Smyrna sucks

[primaltech]

Originally Posted by demonta4

What would be considered "Downtown Vinings"?

Vinings Village area, where Paces Ferry, Paces Mill, and New Paces Ferry meet.

It's very walkable through there.

[jsvh]

Originally Posted by glovenyc

Just waiting for Cqholt and/or jsvh to chime in on how much Cumberland/Vinings/Braves/Cobb/Smyrna sucks

You act like I didn't predict this 5 days ago:

Originally Posted by jsvh

Any time something new gets built within a mile of STP people will still cheer it as being a result of the Braves move. When in reality there would have been just as much and likely more development without it. How do we know this? Any study not paid for by a sports team says at best, a stadium has no impact and the tax dollars spent on the stadium are just a waste. But many say it does harm.

Originally Posted by jsvh

But you seem to be exaggerating my "predictions" I am not saying nothing new will ever get built in Cobb again or all the office towers will get bulldozed on opening day to become parking lots. No. But as businesses change due to higher rent or just time the owners will consider what to replace it with. If it is not a business that is dependant on stadium traffic there is no reason for a business to pay extra to locate near the stadium. So the owner sell parking in the mean time while waiting for a tenant to come that can offer more profit than he is making from parking. Of course that is a hard profit margin to beat so after the building starts to fall into disrepair it is bulldozed for more parking while the site waits for a giant high-rise redevelopment to come that can actually afford to pay more profit than parking can. And just like so many surface parking lot sites in Downtown, Vine City, and Summerhill that redevelopment offer never comes.

It is not that these land owners are part of some evil plot with all of us that are not fans of this move, it is just business. That becomes the best and easiest way for them to maximize the profits of their land.

It is not a quick change. But the area will slowly see less development and over the years that will feed on itself. Soon that office market falls from the #1 in the metro and the existing office space falls from class A to B, B to C as investment slows and other areas become the place to work.

Cumberland will see a decline over the next 30 years not unlike Downtown saw from 1970 - 2000. Sure new things will be built, but it will fall from its top spot and will become an increasingly less attractive place to live and work as many of the buildings age or are replaced by parking lots. Of course the stadium is just a part of the forces driving that. There is also the overall trend of relocations back into town and near transit. Just like downtown's decline was not just stadiums, but more so White Flight.

So yes, this new development being built further away from STP than the much larger Underground development does not make me any less bearish on "Cumberland/Vinings/Braves/Cobb/Smyrna" prospects.