MARTA reopens Indian Creek station after construction closure
MARTA reopens Indian Creek station after construction closure
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development.
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A pedestrian bridge is being built at the easternmost station, which has been targeted for transit-oriented development.
Images: Rare, for-sale condos near Ponce City Market finally arrive
Images: Rare, for-sale condos near Ponce City Market finally arrive
Images: Rare, for-sale condos near Ponce City Market finally arrive
Josh Green
Mon, 12/09/2024 – 18:18
More than five years after it was initially proposed, and a full year after it topped out, a rare example of for-sale, intown condo development is ready for its closeup on one of Atlanta’s most well-known commercial corridors.
Mixed-use project The Leon on Ponce has begun a sales push in Old Fourth Ward beneath a butterfly roof (with offices), with a distinctly modern façade that includes oversized, V-shaped steel struts facing east and west.
The Leon was first marketed in spring 2019 as the replacement for a cleared, .9-acre site that had served as surface parking, situated between Mister Carwash and a new boutique hotel, less than a block west of Ponce City Market.
Delays caused by construction material sourcing have bumped back the opening timeline in more recent years, project officials have said.
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Prices at the 74-unit building— developed by Urban Eco Group and designed by S House, both Atlanta-based companies—will range from the $300,000s up to $1.2-million penthouses, though not all of the nine total floorplans are available yet, according to marketing materials.
Aspects of the project that hadn’t been previously disclosed—12 rooftop offices for lease, and more than 2,200 square feet of ground-floor retail where Ark Coffeehaus will operate near the lobby—are detailed on The Leon’s website. It stands five stories above a parking podium.
Current pricing starts at $394,000 for a single bedroom and one bathroom in 629 square feet. That’s a third-floor condo with a 193-square-foot balcony, facing west.
The priciest one-bedroom option (a corner unit with 672 square feet, another 481 exterior square feet, and Midtown views) is asking $544,000.
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The building’s east facade in full. Josh Green/Urbanize Atlanta
The most expensive Leon option currently listed—dubbed the Babe Ruth plan as a nod to the historic baseball stadium replaced by a shopping center across Ponce—is asking $829,000. That buys a two-bedroom, two-bathroom corner unit with Midtown views and 1,080 square (plus 63 square feet outside).
Condo perks are listed as 10-foot ceilings, sleek design, five-inch white oak hardwoods, and balconies big enough for morning yoga.
The Leon lacks a pool, but onsite amenities are listed as a secure parking garage (with more than 30 EV chargers), bike and personal storage space on each floor, a dog run and pet-washing station, multiple coworking spaces, and an in-house cocktail lounge
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
The Leon joins thousands of apartments developed in the area over the past dozen years but only a handful of condo offerings.
Those include Capital City Real Estate’s 29-unit Flats at the Indie and a Beltline-fronting condo venture a few blocks from The Leon called The Roycraft in Virginia-Highland.
Beyond The Leon condos, investment has poured into this formerly scruffy section of Ponce in recent years, most notably with Ponce City Market’s two-building, phase-two growth spurt, now finished at the corner of Glen Iris Drive. On the property immediately west of the condos, the 111-room Wylie Hotel opened in 2021, reviving a landmark building from the 1920s. And less than two blocks away, on the same side of Ponce, Chick-fil-A bulldozed a gas station and opened a brick-clad, drive-thru restaurant last year at the corner of Boulevard.
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Prior to The Leon breaking ground, a “Coming Soon” sign for the project stood at the property for more than two years.
With the exception of a few shipping containers, the site’s last occupant was the controversial Phoenix bar, which the city shut down in 2005. An LLC called 567 Ponce de Leon Partners PL1 scooped up the property in April 2019 for $2.14 million, property records show.
Swing up to the gallery for more context and a thorough look at The Leon today, inside and out.
…
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How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Proximity of the condos to a longstanding carwash next door. Josh Green/Urbanize Atlanta
The building’s east facade in full. Josh Green/Urbanize Atlanta
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce’s site, at right, as surface parking in October 2019. Google Maps
Courtesy of Urban Eco Group/Compass; designs, Place Maker Design
Images: Rare, for-sale condos near Ponce City Market finally arrive
Josh Green
Mon, 12/09/2024 – 18:18
More than five years after it was initially proposed, and a full year after it topped out, a rare example of for-sale, intown condo development is ready for its closeup on one of Atlanta’s most well-known commercial corridors.
Mixed-use project The Leon on Ponce has begun a sales push in Old Fourth Ward beneath a butterfly roof (with offices), with a distinctly modern façade that includes oversized, V-shaped steel struts facing east and west.
The Leon was first marketed in spring 2019 as the replacement for a cleared, .9-acre site that had served as surface parking, situated between Mister Carwash and a new boutique hotel, less than a block west of Ponce City Market.
Delays caused by construction material sourcing have bumped back the opening timeline in more recent years, project officials have said.
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Prices at the 74-unit building— developed by Urban Eco Group and designed by S House, both Atlanta-based companies—will range from the $300,000s up to $1.2-million penthouses, though not all of the nine total floorplans are available yet, according to marketing materials.
Aspects of the project that hadn’t been previously disclosed—12 rooftop offices for lease, and more than 2,200 square feet of ground-floor retail where Ark Coffeehaus will operate near the lobby—are detailed on The Leon’s website. It stands five stories above a parking podium.
Current pricing starts at $394,000 for a single bedroom and one bathroom in 629 square feet. That’s a third-floor condo with a 193-square-foot balcony, facing west.
The priciest one-bedroom option (a corner unit with 672 square feet, another 481 exterior square feet, and Midtown views) is asking $544,000.
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The building’s east facade in full. Josh Green/Urbanize Atlanta
The most expensive Leon option currently listed—dubbed the Babe Ruth plan as a nod to the historic baseball stadium replaced by a shopping center across Ponce—is asking $829,000. That buys a two-bedroom, two-bathroom corner unit with Midtown views and 1,080 square (plus 63 square feet outside).
Condo perks are listed as 10-foot ceilings, sleek design, five-inch white oak hardwoods, and balconies big enough for morning yoga.
The Leon lacks a pool, but onsite amenities are listed as a secure parking garage (with more than 30 EV chargers), bike and personal storage space on each floor, a dog run and pet-washing station, multiple coworking spaces, and an in-house cocktail lounge
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
The Leon joins thousands of apartments developed in the area over the past dozen years but only a handful of condo offerings.
Those include Capital City Real Estate’s 29-unit Flats at the Indie and a Beltline-fronting condo venture a few blocks from The Leon called The Roycraft in Virginia-Highland.
Beyond The Leon condos, investment has poured into this formerly scruffy section of Ponce in recent years, most notably with Ponce City Market’s two-building, phase-two growth spurt, now finished at the corner of Glen Iris Drive. On the property immediately west of the condos, the 111-room Wylie Hotel opened in 2021, reviving a landmark building from the 1920s. And less than two blocks away, on the same side of Ponce, Chick-fil-A bulldozed a gas station and opened a brick-clad, drive-thru restaurant last year at the corner of Boulevard.
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Prior to The Leon breaking ground, a “Coming Soon” sign for the project stood at the property for more than two years.
With the exception of a few shipping containers, the site’s last occupant was the controversial Phoenix bar, which the city shut down in 2005. An LLC called 567 Ponce de Leon Partners PL1 scooped up the property in April 2019 for $2.14 million, property records show.
Swing up to the gallery for more context and a thorough look at The Leon today, inside and out.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
Tags
567 Ponce De Leon Avenue NE
The Leon on Ponce
Place Maker Design
Atlanta Condos
Dave Radlmann
Mister Carwash
Urban Eco Group
O4W
Atlanta Development
Ponce de Leon Avenue
Ponce
Mrs. P’s Bar & Kitchen
Wylie Hotel
Atlanta Homes for Sale
Atlanta Construction
C4 Developers
Old Fourth Ward Development
Old Fourth Ward Condos
Atlanta Office Space
Office Space
Ark Coffeehaus
Mixed-Use Development
Atlanta Mixed-Use
S House
Compass
Compass Development Marketing Group
Images
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Proximity of the condos to a longstanding carwash next door. Josh Green/Urbanize Atlanta
The building’s east facade in full. Josh Green/Urbanize Atlanta
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce’s site, at right, as surface parking in October 2019. Google Maps
Courtesy of Urban Eco Group/Compass; designs, Place Maker Design
Subtitle
After five years in pipeline, mixed-use The Leon on Ponce project unveils pricing, plans
Neighborhood
Old Fourth Ward
Background Image
Image
Associated Project
The Leon on Ponce – 567 Ponce De Leon Ave
Before/After Images
Sponsored Post
Off Read More
Images: Rare, for-sale condos near Ponce City Market finally arrive
Josh Green
Mon, 12/09/2024 – 18:18
More than five years after it was initially proposed, and a full year after it topped out, a rare example of for-sale, intown condo development is ready for its closeup on one of Atlanta’s most well-known commercial corridors.
Mixed-use project The Leon on Ponce has begun a sales push in Old Fourth Ward beneath a butterfly roof (with offices), with a distinctly modern façade that includes oversized, V-shaped steel struts facing east and west.
The Leon was first marketed in spring 2019 as the replacement for a cleared, .9-acre site that had served as surface parking, situated between Mister Carwash and a new boutique hotel, less than a block west of Ponce City Market.
Delays caused by construction material sourcing have bumped back the opening timeline in more recent years, project officials have said.
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Prices at the 74-unit building— developed by Urban Eco Group and designed by S House, both Atlanta-based companies—will range from the $300,000s up to $1.2-million penthouses, though not all of the nine total floorplans are available yet, according to marketing materials.
Aspects of the project that hadn’t been previously disclosed—12 rooftop offices for lease, and more than 2,200 square feet of ground-floor retail where Ark Coffeehaus will operate near the lobby—are detailed on The Leon’s website. It stands five stories above a parking podium.
Current pricing starts at $394,000 for a single bedroom and one bathroom in 629 square feet. That’s a third-floor condo with a 193-square-foot balcony, facing west.
The priciest one-bedroom option (a corner unit with 672 square feet, another 481 exterior square feet, and Midtown views) is asking $544,000.
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The building’s east facade in full. Josh Green/Urbanize Atlanta
The most expensive Leon option currently listed—dubbed the Babe Ruth plan as a nod to the historic baseball stadium replaced by a shopping center across Ponce—is asking $829,000. That buys a two-bedroom, two-bathroom corner unit with Midtown views and 1,080 square (plus 63 square feet outside).
Condo perks are listed as 10-foot ceilings, sleek design, five-inch white oak hardwoods, and balconies big enough for morning yoga.
The Leon lacks a pool, but onsite amenities are listed as a secure parking garage (with more than 30 EV chargers), bike and personal storage space on each floor, a dog run and pet-washing station, multiple coworking spaces, and an in-house cocktail lounge
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
The Leon joins thousands of apartments developed in the area over the past dozen years but only a handful of condo offerings.
Those include Capital City Real Estate’s 29-unit Flats at the Indie and a Beltline-fronting condo venture a few blocks from The Leon called The Roycraft in Virginia-Highland.
Beyond The Leon condos, investment has poured into this formerly scruffy section of Ponce in recent years, most notably with Ponce City Market’s two-building, phase-two growth spurt, now finished at the corner of Glen Iris Drive. On the property immediately west of the condos, the 111-room Wylie Hotel opened in 2021, reviving a landmark building from the 1920s. And less than two blocks away, on the same side of Ponce, Chick-fil-A bulldozed a gas station and opened a brick-clad, drive-thru restaurant last year at the corner of Boulevard.
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Prior to The Leon breaking ground, a “Coming Soon” sign for the project stood at the property for more than two years.
With the exception of a few shipping containers, the site’s last occupant was the controversial Phoenix bar, which the city shut down in 2005. An LLC called 567 Ponce de Leon Partners PL1 scooped up the property in April 2019 for $2.14 million, property records show.
Swing up to the gallery for more context and a thorough look at The Leon today, inside and out.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
Tags
567 Ponce De Leon Avenue NE
The Leon on Ponce
Place Maker Design
Atlanta Condos
Dave Radlmann
Mister Carwash
Urban Eco Group
O4W
Atlanta Development
Ponce de Leon Avenue
Ponce
Mrs. P’s Bar & Kitchen
Wylie Hotel
Atlanta Homes for Sale
Atlanta Construction
C4 Developers
Old Fourth Ward Development
Old Fourth Ward Condos
Atlanta Office Space
Office Space
Ark Coffeehaus
Mixed-Use Development
Atlanta Mixed-Use
S House
Compass
Compass Development Marketing Group
Images
How The Leon on Ponce facade turned out over Ponce de Leon Avenue, facing north. Josh Green/Urbanize Atlanta
Patio of the boutique Wylie Hotel next door to the west. Josh Green/Urbanize Atlanta
The “earth-toned vertical screen stretching across the building’s second floor facade provides a welcoming, modern marquis,” per a project description. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Proximity of the condos to a longstanding carwash next door. Josh Green/Urbanize Atlanta
The building’s east facade in full. Josh Green/Urbanize Atlanta
The 1,080-square-foot Babe Ruth plan (a nod to the historic ballpark that once stood across Ponce) is the largest for sale right now. The Leon on Ponce/ownatleon.com
Example of the smallest floorplan currently offered in the 74-unit building. The Leon on Ponce/ownatleon.com
Rendering for a typical The Leon living room, with 10-foot ceilings and wide-plank oak flooring. The Leon on Ponce/ownatleon.com
Living room views over Ponce City Market from a corner unit. The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce/ownatleon.com
The Leon on Ponce’s site, at right, as surface parking in October 2019. Google Maps
Courtesy of Urban Eco Group/Compass; designs, Place Maker Design
Subtitle
After five years in pipeline, mixed-use The Leon on Ponce project unveils pricing, plans
Neighborhood
Old Fourth Ward
Background Image
Image
Associated Project
The Leon on Ponce – 567 Ponce De Leon Ave
Before/After Images
Sponsored Post
Off
Cortland Adds to Atlanta Apartment Portfolio
Cortland Adds to Atlanta Apartment Portfolio
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands.
The Atlanta Business Journal reports the property was last sold in 2005, when NALS Apartment Homes, formerly known as N/A Foxwood 54, purchased the community for $36 million.
Cortland was founded in 2005 with a focus on multifamily development in Atlanta. During the economic downturn in 2008, they shifted their focus from developing communities to acquiring and renovating existing multifamily communities. By 2011, they owned and managed 5,000 apartment homes.
Cortland has acquired a portfolio of properties across seven states, bringing the vertically integrated multifamily real estate investment, development, and management company’s total to nearly 85,000 apartment homes. Headquartered in Atlanta, they have regional offices in Charlotte, Dallas, Denver, Greenwich, Houston, Orlando, and Phoenix.
The post Cortland Adds to Atlanta Apartment Portfolio appeared first on Connect CRE.
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands. The Atlanta Business Journal reports the property was last sold in 2005, when NALS Apartment Homes, formerly …
The post Cortland Adds to Atlanta Apartment Portfolio appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes. The company paid $95.75 million, that’s just under $200,000 a unit. The property has been renamed Cortland Woodlands. The Atlanta Business Journal reports the property was last sold in 2005, when NALS Apartment Homes, formerly …
The post Cortland Adds to Atlanta Apartment Portfolio appeared first on Connect CRE.
Amgen Announces $1B Holly Springs Factory Expansion
Amgen Announces $1B Holly Springs Factory Expansion
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment.
The $1 billion facility will incorporate cutting-edge technologies and sustainable practices. In tandem with the existing facility, these investments will create 370 new jobs in the region, supporting the area’s biomanufacturing hub.
North Carolina’s Economic Investment Committee approved a Job Development Investment Grant that will reimburse Amgen up to $4.9 million yearly across the grant’s 12-year duration. The project is expected to grow the state’s economy by $3.6 billion throughout that period. When fully operational, more than 720 jobs will be generated across both facilities. Construction began in March 2022, and that plant will be operational in 2026.
The firm owns nearly 109 acres at 4130 Friendship Road, and the two plants are slated for delivery there.
The post Amgen Announces $1B Holly Springs Factory Expansion appeared first on Connect CRE.
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. The $1 billion facility will incorporate cutting-edge technologies and sustainable practices. In tandem with the existing facility, these investments will create 370 …
The post Amgen Announces $1B Holly Springs Factory Expansion appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Amgen announced a $1 billion expansion to establish a second drug substance manufacturing facility in North Carolina. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. The $1 billion facility will incorporate cutting-edge technologies and sustainable practices. In tandem with the existing facility, these investments will create 370 …
The post Amgen Announces $1B Holly Springs Factory Expansion appeared first on Connect CRE.
Toro adds Italian restaurant, outdoors retailer, more tenants to Johns Creek project
Toro adds Italian restaurant, outdoors retailer, more tenants to Johns Creek project
An Italian restaurant, outdoor apparel retailer and personal care shop are among the latest tenants to join the Medley development.
An Italian restaurant, outdoor apparel retailer and personal care shop are among the latest tenants to join the Medley development. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
An Italian restaurant, outdoor apparel retailer and personal care shop are among the latest tenants to join the Medley development.
Toro adds Italian restaurant, outdoors retailer, more tenants to Johns Creek project
Toro adds Italian restaurant, outdoors retailer, more tenants to Johns Creek project
An Italian restaurant, outdoor apparel retailer and personal care shop are among the latest tenants to join the Medley development.
An Italian restaurant, outdoor apparel retailer and personal care shop are among the latest tenants to join the Medley development. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
An Italian restaurant, outdoor apparel retailer and personal care shop are among the latest tenants to join the Medley development.
1890s downtown ATL landmark up for grabs. Any big ideas?
1890s downtown ATL landmark up for grabs. Any big ideas?
1890s downtown ATL landmark up for grabs. Any big ideas?
Josh Green
Mon, 12/09/2024 – 16:00
A standout historical structure in the shadow of downtown skyscrapers is being marketed as a prime candidate for adaptive-reuse development.
Occupying the southeast corner of Edgewood Avenue and Courtland Street, across the street from Hurt Park, the 1800s building has lived past lives of many uses, and it recently hit the market with JLL in hopes of becoming something else, according to Scott Cullen, a JLL Capital Markets managing director.
The 125 Edgewood Ave. building, totaling just shy of 7,000 square feet, was completed in 1890 by developer Joel Hurt and businessman Samuel Inman in what was called “Shermantown” at the time. It’s considered one of the last “true” and “relatively untouched Victorian mansions left downtown,” according to JLL’s listing.
The asking price isn’t specified.
Courtesy of JLL Capital Markets
The 1890 structure’s location in relation to Hurt Park, the downtown Connector, and other landmarks. Courtesy of JLL Capital Markets
Having served as one of Coca-Cola’s earliest bottling operations, beginning in 1900, the building is listed on the National Registry of Historic Places. Its former uses across well over a century have included a radio service store, a dry goods store, and several pharmacies, among other uses.
The building has served as Georgia State University’s Baptist Student Union since 1966 and is 100 percent occupied today, according to JLL.
But the property’s current downtown zoning (SPI-1 SA1) would allow for a range of adaptive-reuse possibilities, including residential, boutique hotel, museum, creative office, restaurant, and retail uses within a short walk of MARTA and downtown attractions, per JLL.
125 Edgewood “will continue to attract visitors curious about its unique architecture and history for years to come,” reads the sales pitch.
The building’s conversion to something else wouldn’t be the only notable change in the immediate area.
Courtesy of JLL Capital Markets
Example of interiors at the circa-1890 Edgewood Avenue building today. Courtesy of JLL Capital Markets
Across the street, a $107-million remake of properties bordering Hurt Park was recently announced by GSU, with a goal of finishing before Atlanta’s 2026 FIFA World Cup.
Just north of Hurt Park, changes are also in store for the 100 Edgewood high-rise building. According to GSU officials, the 1960s, 18-story structure will see a dining area and gathering space at its base, while the first four floors will be remade into classrooms in the near term.
Find a closer look at the 125 Edgewood Ave. property today in the gallery above.
…
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The 1890 structure’s location in relation to Hurt Park, the downtown Connector, and other landmarks. Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Example of interiors at the circa-1890 Edgewood Avenue building today. Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
1890s downtown ATL landmark up for grabs. Any big ideas?
Josh Green
Mon, 12/09/2024 – 16:00
A standout historical structure in the shadow of downtown skyscrapers is being marketed as a prime candidate for adaptive-reuse development.
Occupying the southeast corner of Edgewood Avenue and Courtland Street, across the street from Hurt Park, the 1800s building has lived past lives of many uses, and it recently hit the market with JLL in hopes of becoming something else, according to Scott Cullen, a JLL Capital Markets managing director.
The 125 Edgewood Ave. building, totaling just shy of 7,000 square feet, was completed in 1890 by developer Joel Hurt and businessman Samuel Inman in what was called “Shermantown” at the time. It’s considered one of the last “true” and “relatively untouched Victorian mansions left downtown,” according to JLL’s listing.
The asking price isn’t specified.
Courtesy of JLL Capital Markets
The 1890 structure’s location in relation to Hurt Park, the downtown Connector, and other landmarks. Courtesy of JLL Capital Markets
Having served as one of Coca-Cola’s earliest bottling operations, beginning in 1900, the building is listed on the National Registry of Historic Places. Its former uses across well over a century have included a radio service store, a dry goods store, and several pharmacies, among other uses.
The building has served as Georgia State University’s Baptist Student Union since 1966 and is 100 percent occupied today, according to JLL.
But the property’s current downtown zoning (SPI-1 SA1) would allow for a range of adaptive-reuse possibilities, including residential, boutique hotel, museum, creative office, restaurant, and retail uses within a short walk of MARTA and downtown attractions, per JLL.
125 Edgewood “will continue to attract visitors curious about its unique architecture and history for years to come,” reads the sales pitch.
The building’s conversion to something else wouldn’t be the only notable change in the immediate area.
Courtesy of JLL Capital Markets
Example of interiors at the circa-1890 Edgewood Avenue building today. Courtesy of JLL Capital Markets
Across the street, a $107-million remake of properties bordering Hurt Park was recently announced by GSU, with a goal of finishing before Atlanta’s 2026 FIFA World Cup.
Just north of Hurt Park, changes are also in store for the 100 Edgewood high-rise building. According to GSU officials, the 1960s, 18-story structure will see a dining area and gathering space at its base, while the first four floors will be remade into classrooms in the near term.
Find a closer look at the 125 Edgewood Ave. property today in the gallery above.
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The 1890 structure’s location in relation to Hurt Park, the downtown Connector, and other landmarks. Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Example of interiors at the circa-1890 Edgewood Avenue building today. Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Subtitle
Historic structure with Coca-Cola roots called one of last Victorian mansions left downtown
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1890s downtown ATL landmark up for grabs. Any big ideas?
Josh Green
Mon, 12/09/2024 – 16:00
A standout historical structure in the shadow of downtown skyscrapers is being marketed as a prime candidate for adaptive-reuse development.
Occupying the southeast corner of Edgewood Avenue and Courtland Street, across the street from Hurt Park, the 1800s building has lived past lives of many uses, and it recently hit the market with JLL in hopes of becoming something else, according to Scott Cullen, a JLL Capital Markets managing director.
The 125 Edgewood Ave. building, totaling just shy of 7,000 square feet, was completed in 1890 by developer Joel Hurt and businessman Samuel Inman in what was called “Shermantown” at the time. It’s considered one of the last “true” and “relatively untouched Victorian mansions left downtown,” according to JLL’s listing.
The asking price isn’t specified.
Courtesy of JLL Capital Markets
The 1890 structure’s location in relation to Hurt Park, the downtown Connector, and other landmarks. Courtesy of JLL Capital Markets
Having served as one of Coca-Cola’s earliest bottling operations, beginning in 1900, the building is listed on the National Registry of Historic Places. Its former uses across well over a century have included a radio service store, a dry goods store, and several pharmacies, among other uses.
The building has served as Georgia State University’s Baptist Student Union since 1966 and is 100 percent occupied today, according to JLL.
But the property’s current downtown zoning (SPI-1 SA1) would allow for a range of adaptive-reuse possibilities, including residential, boutique hotel, museum, creative office, restaurant, and retail uses within a short walk of MARTA and downtown attractions, per JLL.
125 Edgewood “will continue to attract visitors curious about its unique architecture and history for years to come,” reads the sales pitch.
The building’s conversion to something else wouldn’t be the only notable change in the immediate area.
Courtesy of JLL Capital Markets
Example of interiors at the circa-1890 Edgewood Avenue building today. Courtesy of JLL Capital Markets
Across the street, a $107-million remake of properties bordering Hurt Park was recently announced by GSU, with a goal of finishing before Atlanta’s 2026 FIFA World Cup.
Just north of Hurt Park, changes are also in store for the 100 Edgewood high-rise building. According to GSU officials, the 1960s, 18-story structure will see a dining area and gathering space at its base, while the first four floors will be remade into classrooms in the near term.
Find a closer look at the 125 Edgewood Ave. property today in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Tags
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JLL
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Adaptive Reuse
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Sweet Auburn
Sweet Auburn Freedom Walk
Atlanta History
Atlanta Historic
Atlanta Historic Preservation
Atlanta Architecture
Images
The 1890 structure’s location in relation to Hurt Park, the downtown Connector, and other landmarks. Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Example of interiors at the circa-1890 Edgewood Avenue building today. Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Courtesy of JLL Capital Markets
Subtitle
Historic structure with Coca-Cola roots called one of last Victorian mansions left downtown
Neighborhood
Downtown
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Before/After Images
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Report: Midtown packed on another 2,200 residences in 2024
Report: Midtown packed on another 2,200 residences in 2024
Report: Midtown packed on another 2,200 residences in 2024
Josh Green
Mon, 12/09/2024 – 13:46
Atlanta’s champ for explosive vertical growth over the past dozen years and counting is reporting another strong year—and projecting more boom times ahead.
Midtown Alliance, a nonprofit coalition of business and community leaders, has taken stock of development described as moving at “a torrid pace” again in 2024, when another new project of significant scale delivered, on average, every two months.
Those projects are adding to $10 billion in private development that’s has been invested over the past six years alone in the 1.2-square-mile Midtown Improvement District, or what’s generally considered the neighborhood’s commercial core.
Throughout 2024, six major developments were finished and opened, notably adding another nearly 2,200 living options to the subdistrict and boosting Midtown’s status as a residential district, according to Midtown Alliance’s year-end tabulations. (Alliance leaders reported earlier this year that roughly 60 new people were moving into Midtown every week.)
A zoomed-out view over Piedmont Park in late May as The Meadow grass was still recovering from Atlanta Jazz Festival 2024. Urbanize Atlanta
New high-rise entrants to Midtown’s apartment market this year included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).
The number of new residences tallied in 2024 is the second most for a 12-month period in Midtown history, and almost all of them are apartments, as opposed to for-sale condos, per Midtown Alliance. (The last condo project to come online in Midtown was the 40 West 12th building, which started selling 64 units in pandemic-challenged 2020; new product there is still for sale.)
Collectively, the six developments that came online in 2024 added another 65,000 square feet of retail space to Midtown’s streets.
That includes a restaurant component at Portman’s Ten Twenty Spring building declared finished last week—a 530,000-square-foot Class A venture that will likely be Midtown’s last spec office building in coming years.
Overview of core Midtown development over the past six years, with the recent proposal neighboring The Varsity and the under-construction, two-tower Middle Street Partners project near Piedmont Park not shown. Courtesy of Midtown Alliance
Some other juicy tidbits from Midtown Alliance’s year-end wrap up:
• Gangbusters growth in the student housing sector (a category that didn’t exist in Midtown a decade ago) continues, with 600 new student beds delivering this year and another 800 on tap for 2025. Per Midtown Alliance’s calculations, some 8,500 of Midtown’s current 28,000 residents are college students attending Georgia Tech, SCAD Atlanta, Emory University, Georgia State University, and other area schools.
• Apart from the third phase of Tech Square and a component of Rockefeller Group’s 1072 West Peachtree skyscraper (a 60-story project set to deliver in 2026), the Midtown submarket appears to be in pause mode when it comes to new offices. “Generally in place of new construction,” noted the year-end report, “the emphasis will shift more toward existing office buildings in the district making investments to upgrade their spaces and attract new tenants.”
• Midtown development in general shows few signs of petering out—at least not in 2025. Next year will begin with seven projects actively under construction and more that have been approved to start.
• The next buildings of significant scale on tap for Midtown in 2025 will deliver more than 1,000 additional apartments. Those include the two-tower 1081 Juniper St. project, Modera Parkside, and student-housing venture Rambler Atlanta, which topped out in late summer over Peachtree Street.
• Those next projects on the Midtown horizon will add another 15,000 square feet of retail to the mix.
• Today, CoStar pegs the average rent for non-student apartments in Midtown at $2,460 monthly, per Midtown Alliance.
Proximity of three new Midtown high-rises to each other, with the leafy city beyond. Urbanize Atlanta
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Midtown news, discussion (Urbanize Atlanta)
Report: Midtown packed on another 2,200 residences in 2024
Josh Green
Mon, 12/09/2024 – 13:46
Atlanta’s champ for explosive vertical growth over the past dozen years and counting is reporting another strong year—and projecting more boom times ahead.
Midtown Alliance, a nonprofit coalition of business and community leaders, has taken stock of development described as moving at “a torrid pace” again in 2024, when another new project of significant scale delivered, on average, every two months.
Those projects are adding to $10 billion in private development that’s has been invested over the past six years alone in the 1.2-square-mile Midtown Improvement District, or what’s generally considered the neighborhood’s commercial core.
Throughout 2024, six major developments were finished and opened, notably adding another nearly 2,200 living options to the subdistrict and boosting Midtown’s status as a residential district, according to Midtown Alliance’s year-end tabulations. (Alliance leaders reported earlier this year that roughly 60 new people were moving into Midtown every week.)
A zoomed-out view over Piedmont Park in late May as The Meadow grass was still recovering from Atlanta Jazz Festival 2024. Urbanize Atlanta
New high-rise entrants to Midtown’s apartment market this year included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).
The number of new residences tallied in 2024 is the second most for a 12-month period in Midtown history, and almost all of them are apartments, as opposed to for-sale condos, per Midtown Alliance. (The last condo project to come online in Midtown was the 40 West 12th building, which started selling 64 units in pandemic-challenged 2020; new product there is still for sale.)
Collectively, the six developments that came online in 2024 added another 65,000 square feet of retail space to Midtown’s streets.
That includes a restaurant component at Portman’s Ten Twenty Spring building declared finished last week—a 530,000-square-foot Class A venture that will likely be Midtown’s last spec office building in coming years.
Overview of core Midtown development over the past six years, with the recent proposal neighboring The Varsity and the under-construction, two-tower Middle Street Partners project near Piedmont Park not shown. Courtesy of Midtown Alliance
Some other juicy tidbits from Midtown Alliance’s year-end wrap up:
• Gangbusters growth in the student housing sector (a category that didn’t exist in Midtown a decade ago) continues, with 600 new student beds delivering this year and another 800 on tap for 2025. Per Midtown Alliance’s calculations, some 8,500 of Midtown’s current 28,000 residents are college students attending Georgia Tech, SCAD Atlanta, Emory University, Georgia State University, and other area schools.
• Apart from the third phase of Tech Square and a component of Rockefeller Group’s 1072 West Peachtree skyscraper (a 60-story project set to deliver in 2026), the Midtown submarket appears to be in pause mode when it comes to new offices. “Generally in place of new construction,” noted the year-end report, “the emphasis will shift more toward existing office buildings in the district making investments to upgrade their spaces and attract new tenants.”
• Midtown development in general shows few signs of petering out—at least not in 2025. Next year will begin with seven projects actively under construction and more that have been approved to start.
• The next buildings of significant scale on tap for Midtown in 2025 will deliver more than 1,000 additional apartments. Those include the two-tower 1081 Juniper St. project, Modera Parkside, and student-housing venture Rambler Atlanta, which topped out in late summer over Peachtree Street.
• Those next projects on the Midtown horizon will add another 15,000 square feet of retail to the mix.
• Today, CoStar pegs the average rent for non-student apartments in Midtown at $2,460 monthly, per Midtown Alliance.
Proximity of three new Midtown high-rises to each other, with the leafy city beyond. Urbanize Atlanta
…
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That’s nearly a record for the district, as construction boom continues, Midtown Alliance reports
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Report: Midtown packed on another 2,200 residences in 2024
Josh Green
Mon, 12/09/2024 – 13:46
Atlanta’s champ for explosive vertical growth over the past dozen years and counting is reporting another strong year—and projecting more boom times ahead.
Midtown Alliance, a nonprofit coalition of business and community leaders, has taken stock of development described as moving at “a torrid pace” again in 2024, when another new project of significant scale delivered, on average, every two months.
Those projects are adding to $10 billion in private development that’s has been invested over the past six years alone in the 1.2-square-mile Midtown Improvement District, or what’s generally considered the neighborhood’s commercial core.
Throughout 2024, six major developments were finished and opened, notably adding another nearly 2,200 living options to the subdistrict and boosting Midtown’s status as a residential district, according to Midtown Alliance’s year-end tabulations. (Alliance leaders reported earlier this year that roughly 60 new people were moving into Midtown every week.)
A zoomed-out view over Piedmont Park in late May as The Meadow grass was still recovering from Atlanta Jazz Festival 2024. Urbanize Atlanta
New high-rise entrants to Midtown’s apartment market this year included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).
The number of new residences tallied in 2024 is the second most for a 12-month period in Midtown history, and almost all of them are apartments, as opposed to for-sale condos, per Midtown Alliance. (The last condo project to come online in Midtown was the 40 West 12th building, which started selling 64 units in pandemic-challenged 2020; new product there is still for sale.)
Collectively, the six developments that came online in 2024 added another 65,000 square feet of retail space to Midtown’s streets.
That includes a restaurant component at Portman’s Ten Twenty Spring building declared finished last week—a 530,000-square-foot Class A venture that will likely be Midtown’s last spec office building in coming years.
Overview of core Midtown development over the past six years, with the recent proposal neighboring The Varsity and the under-construction, two-tower Middle Street Partners project near Piedmont Park not shown. Courtesy of Midtown Alliance
Some other juicy tidbits from Midtown Alliance’s year-end wrap up:
• Gangbusters growth in the student housing sector (a category that didn’t exist in Midtown a decade ago) continues, with 600 new student beds delivering this year and another 800 on tap for 2025. Per Midtown Alliance’s calculations, some 8,500 of Midtown’s current 28,000 residents are college students attending Georgia Tech, SCAD Atlanta, Emory University, Georgia State University, and other area schools.
• Apart from the third phase of Tech Square and a component of Rockefeller Group’s 1072 West Peachtree skyscraper (a 60-story project set to deliver in 2026), the Midtown submarket appears to be in pause mode when it comes to new offices. “Generally in place of new construction,” noted the year-end report, “the emphasis will shift more toward existing office buildings in the district making investments to upgrade their spaces and attract new tenants.”
• Midtown development in general shows few signs of petering out—at least not in 2025. Next year will begin with seven projects actively under construction and more that have been approved to start.
• The next buildings of significant scale on tap for Midtown in 2025 will deliver more than 1,000 additional apartments. Those include the two-tower 1081 Juniper St. project, Modera Parkside, and student-housing venture Rambler Atlanta, which topped out in late summer over Peachtree Street.
• Those next projects on the Midtown horizon will add another 15,000 square feet of retail to the mix.
• Today, CoStar pegs the average rent for non-student apartments in Midtown at $2,460 monthly, per Midtown Alliance.
Proximity of three new Midtown high-rises to each other, with the leafy city beyond. Urbanize Atlanta
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Midtown news, discussion (Urbanize Atlanta)
Tags
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Subtitle
That’s nearly a record for the district, as construction boom continues, Midtown Alliance reports
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INDUS Snags Majority Share of $575M Carolinas Industrial Portfolio
INDUS Snags Majority Share of $575M Carolinas Industrial Portfolio
INDUS Realty Trust, Inc. acquired a majority interest in a 4.3 million square foot logistics portfolio comprising 21 buildings (the “Carolinas Portfolio”). This acquisition is part of a recapitalization of approximately one-third of Childress Klein’s (“CK”) 13.2 million square foot industrial portfolio. INDUS and CK have entered into a joint venture on the Carolinas Portfolio, with CK retaining a minority ownership stake and continuing to manage and lease the properties. The acquisition values the Carolinas Portfolio at $575 million.
The Carolinas Portfolio, which is 94% leased, includes 16 buildings in Charlotte, North Carolina, and 5 buildings in Charleston, South Carolina. These regions have been among the top-performing industrial markets, driven by their robust population growth and economic development, strategic access to essential infrastructure such as ports and intermodal yards, and burgeoning manufacturing investments.
The Carolinas Portfolio features a mix of last-mile, regional, and bulk logistics properties. The buildings and individual tenant suites average 205,000 and 78,000 square feet in size, respectively, and the properties have a weighted average age of 13 years.
Eastdil Secured represented Childress Klein in arranging the transaction.
The post INDUS Snags Majority Share of $575M Carolinas Industrial Portfolio appeared first on Connect CRE.
INDUS Realty Trust, Inc. acquired a majority interest in a 4.3 million square foot logistics portfolio comprising 21 buildings (the “Carolinas Portfolio”). This acquisition is part of a recapitalization of approximately one-third of Childress Klein’s (“CK”) 13.2 million square foot industrial portfolio. INDUS and CK have entered into a joint venture on the Carolinas Portfolio, …
The post INDUS Snags Majority Share of $575M Carolinas Industrial Portfolio appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
INDUS Realty Trust, Inc. acquired a majority interest in a 4.3 million square foot logistics portfolio comprising 21 buildings (the “Carolinas Portfolio”). This acquisition is part of a recapitalization of approximately one-third of Childress Klein’s (“CK”) 13.2 million square foot industrial portfolio. INDUS and CK have entered into a joint venture on the Carolinas Portfolio, …
The post INDUS Snags Majority Share of $575M Carolinas Industrial Portfolio appeared first on Connect CRE.
Berkadia Secures $46.8M Loan for Memphis-Area Development
Berkadia Secures $46.8M Loan for Memphis-Area Development
City National Bank provided a four-year, floating-rate loan of $46.8 million to fund the construction of The ONE at Millington, a new 360-unit, garden-style multifamily development located in Millington, Tennessee. One Real Estate Investment (OREI) is the sponsor. Berkadia’s Brad Williamson, Patrick Johnson, Mitch Sinberg, Scott Wadler and Matt Robbins secured the financing on behalf of OREI.
Located at 8490 US-51, The ONE at Millington will be a 360-unit, three-story garden-style multifamily development set on a 24-acre site. The ONE at Millington will offer one-, two-, and three-bedroom apartments, with an average size of 1,071 square feet per unit. On-site amenities include a pool with an outdoor cabana and bar area and a state-of-the-art fitness center.
The complex is located at the center of Millington Farms, a 100-acre mixed-use, master-planned development. This community includes future developments such as three hotels, six medical office buildings, and over 100,000 square feet of retail, alongside an assisted living facility.
The post Berkadia Secures $46.8M Loan for Memphis-Area Development appeared first on Connect CRE.
City National Bank provided a four-year, floating-rate loan of $46.8 million to fund the construction of The ONE at Millington, a new 360-unit, garden-style multifamily development located in Millington, Tennessee. One Real Estate Investment (OREI) is the sponsor. Berkadia’s Brad Williamson, Patrick Johnson, Mitch Sinberg, Scott Wadler and Matt Robbins secured the financing on behalf of …
The post Berkadia Secures $46.8M Loan for Memphis-Area Development appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
City National Bank provided a four-year, floating-rate loan of $46.8 million to fund the construction of The ONE at Millington, a new 360-unit, garden-style multifamily development located in Millington, Tennessee. One Real Estate Investment (OREI) is the sponsor. Berkadia’s Brad Williamson, Patrick Johnson, Mitch Sinberg, Scott Wadler and Matt Robbins secured the financing on behalf of …
The post Berkadia Secures $46.8M Loan for Memphis-Area Development appeared first on Connect CRE.