Newmark Lands 3-Member Nashville CBRE Office Team
Newmark Lands 3-Member Nashville CBRE Office Team
Jay O’Meara, Justin Parsonnet and Ryan Reethof have left CBRE and joined Newmark to lead office investment sales in the Southeast, including Atlanta, Nashville, Tennessee, Charlotte and Raleigh, North Carolina, and Florida. O’Meara and Parsonnet will serve as vice chairmen, and Reethof will serve as senior managing director.
O’Meara, Parsonnet, and Reethof have more than 65 years of collective experience, bringing a southeast track record of over 110 million square feet of closed transactions and $23 billion in sales volume spanning more than 25 markets. They were notably involved with the $380 million sale of Bank of America Plaza, the $201 million disposition of 3630 Peachtree and the 1.4 million-square-foot King & Queen towers—the landmark assets on which Newmark was recently engaged for agency leasing.
O’Meara, Parsonnet, and Reethof have built a network of institutional and private clients, including Oaktree Capital Management, Highwoods Properties, Shorenstein, Cousins Properties, CP Group and numerous high-net-worth groups.
The post Newmark Lands 3-Member Nashville CBRE Office Team appeared first on Connect CRE.
Jay O’Meara, Justin Parsonnet and Ryan Reethof have left CBRE and joined Newmark to lead office investment sales in the Southeast, including Atlanta, Nashville, Tennessee, Charlotte and Raleigh, North Carolina, and Florida. O’Meara and Parsonnet will serve as vice chairmen, and Reethof will serve as senior managing director. O’Meara, Parsonnet, and Reethof have more than …
The post Newmark Lands 3-Member Nashville CBRE Office Team appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Jay O’Meara, Justin Parsonnet and Ryan Reethof have left CBRE and joined Newmark to lead office investment sales in the Southeast, including Atlanta, Nashville, Tennessee, Charlotte and Raleigh, North Carolina, and Florida. O’Meara and Parsonnet will serve as vice chairmen, and Reethof will serve as senior managing director. O’Meara, Parsonnet, and Reethof have more than …
The post Newmark Lands 3-Member Nashville CBRE Office Team appeared first on Connect CRE.
Following derailment, MARTA OKs $500M new train control system
Following derailment, MARTA OKs $500M new train control system
Following derailment, MARTA OKs $500M new train control system
Josh Green
Thu, 12/05/2024 – 16:48
MARTA leadership has green-lighted a new train control system worth half-a-billion dollars the agency says will boost safety and increase on-time performance as its updated rail fleet is rolled out soon.
MARTA’s Board of Directors today voted to award Stadler Rail—the veteran manufacturer building MARTA’s $646-million modernized new railcars—an additional $500 million contract to equip the agency’s rail network with a system for controlling trains described as state-of-the-art.
The contract approval comes the same week a westbound MARTA train derailed during morning commutes Wednesday near King Memorial station. One set of train wheels slipped off tracks, and no injuries were reported, according to MARTA.
The new train-control system, CBCT, uses wireless communications to more precisely keep track of trains with real-time information, allowing for the system to be operated with better efficiency, safety, and precision, minimizing downtime, according to MARTA.
Stadler’s system is designed to work seamlessly with MARTA’s fleet of 56 new Stadler CQ400 railcars, which are being manufactured with the updated technology in Salt Lake City.
The look of a railcar in MARTA’s new fleet arriving at a renovated Five Points station. Courtesy of MARTA
MARTA first new train is scheduled to go into revenue service in July next year, agency officials have told Urbanize Atlanta. Trains will be able to run on MARTA’s old and new control system during a transition phase in Atlanta.
MARTA ordered the fleet from Stadler in 2019.
Many of MARTA’s 300 current railcars date to the agency’s 1970s beginnings and are prone to breakdowns, agency leaders have said.
Confirmed: A CQ400 train in MARTA’s new fleet undergoing testing in Utah in summer 2024.Photo by Paniolo_Man/reddit
MARTA’s new trains come in four-car sets, designed with open gangways to allow for easier movement from one car to the next. Courtesy of MARTA
Collie Greenwood, MARTA general manager and CEO, said the system update will prepare MARTA for the future and allow the agency to operate with “the highest safety standards” as “one of the most advanced transportation systems in the country.”
“The system,” Greenwood noted in a prepared statement, “will allow us to increase capacity, improve on-time performance, and optimize efficiency.”
…
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• Spotted in the wild: MARTA’s sleek, more functional new railcars! (Urbanize Atlanta)
The look of a railcar in MARTA’s new fleet arriving at a renovated Five Points station. Courtesy of MARTA
Confirmed: A CQ400 train in MARTA’s new fleet undergoing testing in Utah in summer 2024.Photo by Paniolo_Man/reddit
Courtesy of MARTA
MARTA’s new trains come in four-car sets, designed with open gangways to allow for easier movement from one car to the next. Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Following derailment, MARTA OKs $500M new train control system
Josh Green
Thu, 12/05/2024 – 16:48
MARTA leadership has green-lighted a new train control system worth half-a-billion dollars the agency says will boost safety and increase on-time performance as its updated rail fleet is rolled out soon.
MARTA’s Board of Directors today voted to award Stadler Rail—the veteran manufacturer building MARTA’s $646-million modernized new railcars—an additional $500 million contract to equip the agency’s rail network with a system for controlling trains described as state-of-the-art.
The contract approval comes the same week a westbound MARTA train derailed during morning commutes Wednesday near King Memorial station. One set of train wheels slipped off tracks, and no injuries were reported, according to MARTA.
The new train-control system, CBCT, uses wireless communications to more precisely keep track of trains with real-time information, allowing for the system to be operated with better efficiency, safety, and precision, minimizing downtime, according to MARTA.
Stadler’s system is designed to work seamlessly with MARTA’s fleet of 56 new Stadler CQ400 railcars, which are being manufactured with the updated technology in Salt Lake City.
The look of a railcar in MARTA’s new fleet arriving at a renovated Five Points station. Courtesy of MARTA
MARTA first new train is scheduled to go into revenue service in July next year, agency officials have told Urbanize Atlanta. Trains will be able to run on MARTA’s old and new control system during a transition phase in Atlanta.
MARTA ordered the fleet from Stadler in 2019.
Many of MARTA’s 300 current railcars date to the agency’s 1970s beginnings and are prone to breakdowns, agency leaders have said.
Confirmed: A CQ400 train in MARTA’s new fleet undergoing testing in Utah in summer 2024.Photo by Paniolo_Man/reddit
MARTA’s new trains come in four-car sets, designed with open gangways to allow for easier movement from one car to the next. Courtesy of MARTA
Collie Greenwood, MARTA general manager and CEO, said the system update will prepare MARTA for the future and allow the agency to operate with “the highest safety standards” as “one of the most advanced transportation systems in the country.”
“The system,” Greenwood noted in a prepared statement, “will allow us to increase capacity, improve on-time performance, and optimize efficiency.”
…
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Twitter / Facebook/and now: Instagram
• Spotted in the wild: MARTA’s sleek, more functional new railcars! (Urbanize Atlanta)
Tags
Stadler
Stadler US
Stadler Rail
CBCT
MARTA
MARTA news
Metropolitan Atlanta Rapid Transit Authority
MARTA trains
Images
The look of a railcar in MARTA’s new fleet arriving at a renovated Five Points station. Courtesy of MARTA
Confirmed: A CQ400 train in MARTA’s new fleet undergoing testing in Utah in summer 2024.Photo by Paniolo_Man/reddit
Courtesy of MARTA
MARTA’s new trains come in four-car sets, designed with open gangways to allow for easier movement from one car to the next. Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Subtitle
Upgrade designed to boost on-time performance, rail safety as new MARTA fleet nears launch
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MARTA
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Before/After Images
Sponsored Post
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Following derailment, MARTA OKs $500M new train control system
Josh Green
Thu, 12/05/2024 – 16:48
MARTA leadership has green-lighted a new train control system worth half-a-billion dollars the agency says will boost safety and increase on-time performance as its updated rail fleet is rolled out soon.
MARTA’s Board of Directors today voted to award Stadler Rail—the veteran manufacturer building MARTA’s $646-million modernized new railcars—an additional $500 million contract to equip the agency’s rail network with a system for controlling trains described as state-of-the-art.
The contract approval comes the same week a westbound MARTA train derailed during morning commutes Wednesday near King Memorial station. One set of train wheels slipped off tracks, and no injuries were reported, according to MARTA.
The new train-control system, CBCT, uses wireless communications to more precisely keep track of trains with real-time information, allowing for the system to be operated with better efficiency, safety, and precision, minimizing downtime, according to MARTA.
Stadler’s system is designed to work seamlessly with MARTA’s fleet of 56 new Stadler CQ400 railcars, which are being manufactured with the updated technology in Salt Lake City.
The look of a railcar in MARTA’s new fleet arriving at a renovated Five Points station. Courtesy of MARTA
MARTA first new train is scheduled to go into revenue service in July next year, agency officials have told Urbanize Atlanta. Trains will be able to run on MARTA’s old and new control system during a transition phase in Atlanta.
MARTA ordered the fleet from Stadler in 2019.
Many of MARTA’s 300 current railcars date to the agency’s 1970s beginnings and are prone to breakdowns, agency leaders have said.
Confirmed: A CQ400 train in MARTA’s new fleet undergoing testing in Utah in summer 2024.Photo by Paniolo_Man/reddit
MARTA’s new trains come in four-car sets, designed with open gangways to allow for easier movement from one car to the next. Courtesy of MARTA
Collie Greenwood, MARTA general manager and CEO, said the system update will prepare MARTA for the future and allow the agency to operate with “the highest safety standards” as “one of the most advanced transportation systems in the country.”
“The system,” Greenwood noted in a prepared statement, “will allow us to increase capacity, improve on-time performance, and optimize efficiency.”
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Spotted in the wild: MARTA’s sleek, more functional new railcars! (Urbanize Atlanta)
Tags
Stadler
Stadler US
Stadler Rail
CBCT
MARTA
MARTA news
Metropolitan Atlanta Rapid Transit Authority
MARTA trains
Images
The look of a railcar in MARTA’s new fleet arriving at a renovated Five Points station. Courtesy of MARTA
Confirmed: A CQ400 train in MARTA’s new fleet undergoing testing in Utah in summer 2024.Photo by Paniolo_Man/reddit
Courtesy of MARTA
MARTA’s new trains come in four-car sets, designed with open gangways to allow for easier movement from one car to the next. Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Courtesy of MARTA
Subtitle
Upgrade designed to boost on-time performance, rail safety as new MARTA fleet nears launch
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MARTA
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Before/After Images
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Fuqua’s Old Fourth Ward development shows signs of life
Fuqua’s Old Fourth Ward development shows signs of life
Fuqua’s Old Fourth Ward development shows signs of life
Josh Green
Thu, 12/05/2024 – 14:06
For the first time in a year and 1/2, a mixed-use development that would transform an idle block of Old Fourth Ward near key roadways is showing signs of moving forward.
Paperwork filed last week with Atlanta’s Department of City Planning indicates construction phases could be beginning for a sizable apartment complex, anchored by a grocery store, that was initially put forward by Fuqua Development and its Charlotte-based partners, Northwood Ravin, in 2022.
Project representatives are seeking the city’s permission to install a sewer plug at the 505 Highland Ave. site, which is typically an initial step for construction. A permit for the work has since been issued, according to city records.
Inquiries to Fuqua Development and Northwood Ravin officials for a project update haven’t been returned this week. Northwood Ravin’s website identifies the project only as “Highland” and lists it as “coming soon.”
A Special Application Permit for the overall project was approved by the city two years ago.
As seen in July this year, the idle 3-acre site and shuttered Desperate Housewares Atlanta furniture store. Google Maps
The latest available rendering for how the project would transform one corner of the Highland Avenue-Boulevard intersection. (Highland Avenue frontage is at left.) Northwood Ravin/Fuqua Development; 2023
The November permitting paperwork indicates the project’s apartment count has been modified slightly to 285 units, along with “some retail space.” The Atlanta Business Chronicle reported in summer 2023 the development team had closed on the 3.3-acre site, paying $4 million per acre.
Earlier filings indicated the project will include 56,000 square feet of retail space with a grocery store—reportedly a Publix—in the mix, and that 15 percent of the apartments would be reserved for renters earning 80 percent of the area median income or less.
The collection of parcels is situated just east of downtown, where Highland Avenue meets Boulevard, next to the popular Freedom Barkway Dog Park.
The property in question is largely vacant now, apart from a standalone house and the former Desperate Housewares Atlanta furniture store—both now shuttered. Two buildings in a low-rise brick apartment complex immediately to the east would not be impacted, and neither would the dog park, plans indicate.
Other aspects of the Highland Avenue development call for roughly 12,400 square feet for restaurants and retail, plus a garage with 400 parking spaces that would serve retail guests, residents, and visitors headed to the dog park just south of new construction, according to plans brought forward in 2023. The development team said it was expected to cost $122 million at the time.
Looking southwest, initial images of Fuqua Development’s proposal are shown next to John Lewis Freedom Parkway. Submitted
Breakdown of the Fuqua proposal as submitted to the city in 2022. Fuqua Development/Office of Zoning and Development
In May last year, the project succeeded in scoring a tax break despite Old Fourth Ward’s status as one of metro Atlanta’s hottest redevelopment zones.
The Development Authority of Fulton County approved a request for $5.7 million in tax savings across 10 years. Fuqua and co-developers told DAFC members the abatement would determine whether the Old Fourth Ward project gets built or remains an underused lot, as its inclusion of affordable apartments would drop the return-on-investment to 5.4 percent with no tax help—a return they consider unviable, according to the AJC. Developers agreed to preserve those apartments’ affordability status for a decade longer than city code requires—30 years—in exchange for the tax incentive.
The development team also vowed last year to allocate $900,000 toward new sidewalks and on-street parking.
In addition to suburban mixed-use ventures at The Battery and in places like Buford, Fuqua’s controversial Atlanta-based development company is known for projects with a heavy emphasis on parking such as Midtown Place and Edgewood Retail District, and a suburban-style node with a towering self-storage facility near Atlantic Station. Fuqua’s more recent work includes Madison Yards in Reynoldstown.
Northwood Ravin’s work in Atlanta includes a mixed-use venture called Halo East Decatur that’s bringing nearly 400 apartments to the doorstep of MARTA’s Avondale station. That project is undergoing vertical construction now.
Just north of the Highland Avenue site, plans are starting to materialize for a massive redevelopment of Atlanta Medical Center’s 22 acres. That could see hundreds of new residences, plus commercial, retail, medical, and greenspace uses start coming together as early as 2025.
So time, it seems, could be of the essence in O4W.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
The latest available rendering for how the project would transform one corner of the Highland Avenue-Boulevard intersection. (Highland Avenue frontage is at left.) Northwood Ravin/Fuqua Development; 2023
As seen in July this year, the idle 3-acre site and shuttered Desperate Housewares Atlanta furniture store. Google Maps
Rough boundaries of the Old Fourth Ward property in question, where Highland Avenue meets Boulevard, just north of the neighborhood dog park. Google Maps
Looking southwest, initial images of Fuqua Development’s proposal are shown next to John Lewis Freedom Parkway. Submitted
An early look at the proposal’s scope as it relates to Tribute Lofts, pictured at right. Submitted
Breakdown of the Fuqua proposal as submitted to the city in 2022. Fuqua Development/Office of Zoning and Development
Fuqua’s Old Fourth Ward development shows signs of life
Josh Green
Thu, 12/05/2024 – 14:06
For the first time in a year and 1/2, a mixed-use development that would transform an idle block of Old Fourth Ward near key roadways is showing signs of moving forward.
Paperwork filed last week with Atlanta’s Department of City Planning indicates construction phases could be beginning for a sizable apartment complex, anchored by a grocery store, that was initially put forward by Fuqua Development and its Charlotte-based partners, Northwood Ravin, in 2022.
Project representatives are seeking the city’s permission to install a sewer plug at the 505 Highland Ave. site, which is typically an initial step for construction. A permit for the work has since been issued, according to city records.
Inquiries to Fuqua Development and Northwood Ravin officials for a project update haven’t been returned this week. Northwood Ravin’s website identifies the project only as “Highland” and lists it as “coming soon.”
A Special Application Permit for the overall project was approved by the city two years ago.
As seen in July this year, the idle 3-acre site and shuttered Desperate Housewares Atlanta furniture store. Google Maps
The latest available rendering for how the project would transform one corner of the Highland Avenue-Boulevard intersection. (Highland Avenue frontage is at left.) Northwood Ravin/Fuqua Development; 2023
The November permitting paperwork indicates the project’s apartment count has been modified slightly to 285 units, along with “some retail space.” The Atlanta Business Chronicle reported in summer 2023 the development team had closed on the 3.3-acre site, paying $4 million per acre.
Earlier filings indicated the project will include 56,000 square feet of retail space with a grocery store—reportedly a Publix—in the mix, and that 15 percent of the apartments would be reserved for renters earning 80 percent of the area median income or less.
The collection of parcels is situated just east of downtown, where Highland Avenue meets Boulevard, next to the popular Freedom Barkway Dog Park.
The property in question is largely vacant now, apart from a standalone house and the former Desperate Housewares Atlanta furniture store—both now shuttered. Two buildings in a low-rise brick apartment complex immediately to the east would not be impacted, and neither would the dog park, plans indicate.
Other aspects of the Highland Avenue development call for roughly 12,400 square feet for restaurants and retail, plus a garage with 400 parking spaces that would serve retail guests, residents, and visitors headed to the dog park just south of new construction, according to plans brought forward in 2023. The development team said it was expected to cost $122 million at the time.
Looking southwest, initial images of Fuqua Development’s proposal are shown next to John Lewis Freedom Parkway. Submitted
Breakdown of the Fuqua proposal as submitted to the city in 2022. Fuqua Development/Office of Zoning and Development
In May last year, the project succeeded in scoring a tax break despite Old Fourth Ward’s status as one of metro Atlanta’s hottest redevelopment zones.
The Development Authority of Fulton County approved a request for $5.7 million in tax savings across 10 years. Fuqua and co-developers told DAFC members the abatement would determine whether the Old Fourth Ward project gets built or remains an underused lot, as its inclusion of affordable apartments would drop the return-on-investment to 5.4 percent with no tax help—a return they consider unviable, according to the AJC. Developers agreed to preserve those apartments’ affordability status for a decade longer than city code requires—30 years—in exchange for the tax incentive.
The development team also vowed last year to allocate $900,000 toward new sidewalks and on-street parking.
In addition to suburban mixed-use ventures at The Battery and in places like Buford, Fuqua’s controversial Atlanta-based development company is known for projects with a heavy emphasis on parking such as Midtown Place and Edgewood Retail District, and a suburban-style node with a towering self-storage facility near Atlantic Station. Fuqua’s more recent work includes Madison Yards in Reynoldstown.
Northwood Ravin’s work in Atlanta includes a mixed-use venture called Halo East Decatur that’s bringing nearly 400 apartments to the doorstep of MARTA’s Avondale station. That project is undergoing vertical construction now.
Just north of the Highland Avenue site, plans are starting to materialize for a massive redevelopment of Atlanta Medical Center’s 22 acres. That could see hundreds of new residences, plus commercial, retail, medical, and greenspace uses start coming together as early as 2025.
So time, it seems, could be of the essence in O4W.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
Tags
505 Highland Ave. NE
Highland Avenue NE at Boulevard
Fuqua Development
Atlanta Development
O4W
Desperate Housewares Atlanta
Fourth Ward Alliance
Infill Development
Boulevard
North Highland Avenue
Fuqua
Jeff Fuqua
Tribute Lofts
Freedom Barkway Dog Park
Atlanta Park
Atlanta apartments
Tax Breaks
Development Authority of Fulton County
Mixed-Use Development
Northwood Ravin
Images
The latest available rendering for how the project would transform one corner of the Highland Avenue-Boulevard intersection. (Highland Avenue frontage is at left.) Northwood Ravin/Fuqua Development; 2023
As seen in July this year, the idle 3-acre site and shuttered Desperate Housewares Atlanta furniture store. Google Maps
Rough boundaries of the Old Fourth Ward property in question, where Highland Avenue meets Boulevard, just north of the neighborhood dog park. Google Maps
Looking southwest, initial images of Fuqua Development’s proposal are shown next to John Lewis Freedom Parkway. Submitted
An early look at the proposal’s scope as it relates to Tribute Lofts, pictured at right. Submitted
Breakdown of the Fuqua proposal as submitted to the city in 2022. Fuqua Development/Office of Zoning and Development
Subtitle
Project with Northwood Ravin calls for nearly 300 new residences, plus grocery store anchor
Neighborhood
Old Fourth Ward
Background Image
Image
Associated Project
Fuqua Development – O4W Proposal
Before/After Images
Sponsored Post
Off Read More
Fuqua’s Old Fourth Ward development shows signs of life
Josh Green
Thu, 12/05/2024 – 14:06
For the first time in a year and 1/2, a mixed-use development that would transform an idle block of Old Fourth Ward near key roadways is showing signs of moving forward.
Paperwork filed last week with Atlanta’s Department of City Planning indicates construction phases could be beginning for a sizable apartment complex, anchored by a grocery store, that was initially put forward by Fuqua Development and its Charlotte-based partners, Northwood Ravin, in 2022.
Project representatives are seeking the city’s permission to install a sewer plug at the 505 Highland Ave. site, which is typically an initial step for construction. A permit for the work has since been issued, according to city records.
Inquiries to Fuqua Development and Northwood Ravin officials for a project update haven’t been returned this week. Northwood Ravin’s website identifies the project only as “Highland” and lists it as “coming soon.”
A Special Application Permit for the overall project was approved by the city two years ago.
As seen in July this year, the idle 3-acre site and shuttered Desperate Housewares Atlanta furniture store. Google Maps
The latest available rendering for how the project would transform one corner of the Highland Avenue-Boulevard intersection. (Highland Avenue frontage is at left.) Northwood Ravin/Fuqua Development; 2023
The November permitting paperwork indicates the project’s apartment count has been modified slightly to 285 units, along with “some retail space.” The Atlanta Business Chronicle reported in summer 2023 the development team had closed on the 3.3-acre site, paying $4 million per acre.
Earlier filings indicated the project will include 56,000 square feet of retail space with a grocery store—reportedly a Publix—in the mix, and that 15 percent of the apartments would be reserved for renters earning 80 percent of the area median income or less.
The collection of parcels is situated just east of downtown, where Highland Avenue meets Boulevard, next to the popular Freedom Barkway Dog Park.
The property in question is largely vacant now, apart from a standalone house and the former Desperate Housewares Atlanta furniture store—both now shuttered. Two buildings in a low-rise brick apartment complex immediately to the east would not be impacted, and neither would the dog park, plans indicate.
Other aspects of the Highland Avenue development call for roughly 12,400 square feet for restaurants and retail, plus a garage with 400 parking spaces that would serve retail guests, residents, and visitors headed to the dog park just south of new construction, according to plans brought forward in 2023. The development team said it was expected to cost $122 million at the time.
Looking southwest, initial images of Fuqua Development’s proposal are shown next to John Lewis Freedom Parkway. Submitted
Breakdown of the Fuqua proposal as submitted to the city in 2022. Fuqua Development/Office of Zoning and Development
In May last year, the project succeeded in scoring a tax break despite Old Fourth Ward’s status as one of metro Atlanta’s hottest redevelopment zones.
The Development Authority of Fulton County approved a request for $5.7 million in tax savings across 10 years. Fuqua and co-developers told DAFC members the abatement would determine whether the Old Fourth Ward project gets built or remains an underused lot, as its inclusion of affordable apartments would drop the return-on-investment to 5.4 percent with no tax help—a return they consider unviable, according to the AJC. Developers agreed to preserve those apartments’ affordability status for a decade longer than city code requires—30 years—in exchange for the tax incentive.
The development team also vowed last year to allocate $900,000 toward new sidewalks and on-street parking.
In addition to suburban mixed-use ventures at The Battery and in places like Buford, Fuqua’s controversial Atlanta-based development company is known for projects with a heavy emphasis on parking such as Midtown Place and Edgewood Retail District, and a suburban-style node with a towering self-storage facility near Atlantic Station. Fuqua’s more recent work includes Madison Yards in Reynoldstown.
Northwood Ravin’s work in Atlanta includes a mixed-use venture called Halo East Decatur that’s bringing nearly 400 apartments to the doorstep of MARTA’s Avondale station. That project is undergoing vertical construction now.
Just north of the Highland Avenue site, plans are starting to materialize for a massive redevelopment of Atlanta Medical Center’s 22 acres. That could see hundreds of new residences, plus commercial, retail, medical, and greenspace uses start coming together as early as 2025.
So time, it seems, could be of the essence in O4W.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Old Fourth Ward news, discussion (Urbanize Atlanta)
Tags
505 Highland Ave. NE
Highland Avenue NE at Boulevard
Fuqua Development
Atlanta Development
O4W
Desperate Housewares Atlanta
Fourth Ward Alliance
Infill Development
Boulevard
North Highland Avenue
Fuqua
Jeff Fuqua
Tribute Lofts
Freedom Barkway Dog Park
Atlanta Park
Atlanta apartments
Tax Breaks
Development Authority of Fulton County
Mixed-Use Development
Northwood Ravin
Images
The latest available rendering for how the project would transform one corner of the Highland Avenue-Boulevard intersection. (Highland Avenue frontage is at left.) Northwood Ravin/Fuqua Development; 2023
As seen in July this year, the idle 3-acre site and shuttered Desperate Housewares Atlanta furniture store. Google Maps
Rough boundaries of the Old Fourth Ward property in question, where Highland Avenue meets Boulevard, just north of the neighborhood dog park. Google Maps
Looking southwest, initial images of Fuqua Development’s proposal are shown next to John Lewis Freedom Parkway. Submitted
An early look at the proposal’s scope as it relates to Tribute Lofts, pictured at right. Submitted
Breakdown of the Fuqua proposal as submitted to the city in 2022. Fuqua Development/Office of Zoning and Development
Subtitle
Project with Northwood Ravin calls for nearly 300 new residences, plus grocery store anchor
Neighborhood
Old Fourth Ward
Background Image
Image
Associated Project
Fuqua Development – O4W Proposal
Before/After Images
Sponsored Post
Off
Lisa Ward of Atlanta industrial developer Core5 to retire
Lisa Ward of Atlanta industrial developer Core5 to retire
Core5 is Atlanta’s third-largest industrial developer.
Core5 is Atlanta’s third-largest industrial developer. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Core5 is Atlanta’s third-largest industrial developer.
Lisa Ward of Atlanta industrial developer Core5 to retire
Lisa Ward of Atlanta industrial developer Core5 to retire
Core5 is Atlanta’s third-largest industrial developer.
Core5 is Atlanta’s third-largest industrial developer. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Core5 is Atlanta’s third-largest industrial developer.
Veteran CBRE office property sales team joins Newmark
Veteran CBRE office property sales team joins Newmark
The team makes the move as office investment sales accelerate after a slowdown in recent years.
The team makes the move as office investment sales accelerate after a slowdown in recent years. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
The team makes the move as office investment sales accelerate after a slowdown in recent years.
Veteran CBRE office property sales team joins Newmark
Veteran CBRE office property sales team joins Newmark
The team makes the move as office investment sales accelerate after a slowdown in recent years.
The team makes the move as office investment sales accelerate after a slowdown in recent years. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
The team makes the move as office investment sales accelerate after a slowdown in recent years.
Images: Did SCAD copy + paste an Atlanta building in Savannah?
Images: Did SCAD copy + paste an Atlanta building in Savannah?
Images: Did SCAD copy + paste an Atlanta building in Savannah?
Josh Green
Thu, 12/05/2024 – 08:00
Atlantans arriving in Savannah for the first time in a while might find themselves doing a double take—and wondering if they aren’t on Spring Street in Midtown.
Maybe that’s a stretch, but one of the newest and tallest landmarks on the Hostess City of the South’s skyline does appear a copy + paste job by a leading Georgia university known for creativity. At least from a distance.
The 640 Indian St. tower in question is a Savannah College of Art and Design project called, simply, River. When it opened during the spring semester, SCAD officials described it as a “monumental” and “spectacular” residence hall with “breathtaking views of the mighty Savannah River and gloriously sprawling Lowcountry beyond.”
What wasn’t mentioned is that it looks strikingly similar to SCAD’s Forty building in Atlanta, the first phase of the school’s considerable recent growth spurt just east of the downtown Connector freeway.
The 17-story River project opened earlier this year as a hive for up to 800 SCAD bees. Josh Green/Urbanize Atlanta
Atlanta’s SCAD building in question as seen in 2021, during construction of other mid-rise dorms next door. Josh Green/Urbanize Atlanta
In Savannah, the 17-story student housing building stands a couple of blocks west of adaptive-reuse Plant Riverside and the most bustling stretches of famed River Street. The (post) industrial area counts attractions like Service Brewing Co. and an influx of multifamily development that includes projects such as Olmsted Savannah. It’s changed a lot in a decade.
Both the Savannah and Atlanta buildings share a similar paint scheme and modern aesthetic, with a white, slightly askew top-floor event space set atop the buildings like the world’s largest crooked shipping containers.
But upon closer examination, the Savannah project is actually much larger than ATL’s: three floors taller with more than 200 additional student beds, for a total of 800 homes for coastal SCAD bees. It’s also L-shaped, versus Forty’s rectangular form. Plus way more palm trees.
We reached out this week to SCAD officials to learn additional ways in which the buildings are similar, or different, but have yet to hear back.
Savannah news station WTOC-TV reported when construction ramped up in 2022 the project was an effort by SCAD to ensure that at least 50 percent of the student population lives on campus (classroom buildings are nearby) by 2025, and to alleviate parking issues in the area.
The River building in relation to Savannah’s iconic Talmadge Memorial Bridge. Josh Green/Urbanize Atlanta
River, in the distance, stands out on Savannah’s skyline. Josh Green/Urbanize Atlanta
Another TV station, WSAV, relayed in April the building had instantly become polarizing among students, who either applauded its contemporary design or felt it clashed with Savannah’s more fanciful, historic aesthetic. One student opined: “I feel like it kinda sticks out like a sore thumb.”
Find a closer comparison of SCAD’s Savannah and Atlanta residential cousins, separated by 250 miles, in the gallery above.
…
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Twitter / Facebook/and now: Instagram
• Savannah news, discussion (Urbanize Atlanta)
The 17-story River project opened earlier this year as a hive for up to 800 SCAD bees. Josh Green/Urbanize Atlanta
The River building’s stance over a more industrial section of River Street near Service Brewing Company. Josh Green/Urbanize Atlanta
The River building in relation to Savannah’s iconic Talmadge Memorial Bridge. Josh Green/Urbanize Atlanta
How the River building relates to Indian Street and other new residential development in the area, including the Olmsted project, at right. Josh Green/Urbanize Atlanta
River, in the distance, stands out on Savannah’s skyline. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Atlanta’s SCAD building in question as seen in 2021, during construction of other mid-rise dorms next door. Josh Green/Urbanize Atlanta
SCAD’s Forty student housing structure in 2022.
The Forty building, at right, in relation to the Connector and Atlantic Station.
Images: Did SCAD copy + paste an Atlanta building in Savannah?
Josh Green
Thu, 12/05/2024 – 08:00
Atlantans arriving in Savannah for the first time in a while might find themselves doing a double take—and wondering if they aren’t on Spring Street in Midtown.
Maybe that’s a stretch, but one of the newest and tallest landmarks on the Hostess City of the South’s skyline does appear a copy + paste job by a leading Georgia university known for creativity. At least from a distance.
The 640 Indian St. tower in question is a Savannah College of Art and Design project called, simply, River. When it opened during the spring semester, SCAD officials described it as a “monumental” and “spectacular” residence hall with “breathtaking views of the mighty Savannah River and gloriously sprawling Lowcountry beyond.”
What wasn’t mentioned is that it looks strikingly similar to SCAD’s Forty building in Atlanta, the first phase of the school’s considerable recent growth spurt just east of the downtown Connector freeway.
The 17-story River project opened earlier this year as a hive for up to 800 SCAD bees. Josh Green/Urbanize Atlanta
Atlanta’s SCAD building in question as seen in 2021, during construction of other mid-rise dorms next door. Josh Green/Urbanize Atlanta
In Savannah, the 17-story student housing building stands a couple of blocks west of adaptive-reuse Plant Riverside and the most bustling stretches of famed River Street. The (post) industrial area counts attractions like Service Brewing Co. and an influx of multifamily development that includes projects such as Olmsted Savannah. It’s changed a lot in a decade.
Both the Savannah and Atlanta buildings share a similar paint scheme and modern aesthetic, with a white, slightly askew top-floor event space set atop the buildings like the world’s largest crooked shipping containers.
But upon closer examination, the Savannah project is actually much larger than ATL’s: three floors taller with more than 200 additional student beds, for a total of 800 homes for coastal SCAD bees. It’s also L-shaped, versus Forty’s rectangular form. Plus way more palm trees.
We reached out this week to SCAD officials to learn additional ways in which the buildings are similar, or different, but have yet to hear back.
Savannah news station WTOC-TV reported when construction ramped up in 2022 the project was an effort by SCAD to ensure that at least 50 percent of the student population lives on campus (classroom buildings are nearby) by 2025, and to alleviate parking issues in the area.
The River building in relation to Savannah’s iconic Talmadge Memorial Bridge. Josh Green/Urbanize Atlanta
River, in the distance, stands out on Savannah’s skyline. Josh Green/Urbanize Atlanta
Another TV station, WSAV, relayed in April the building had instantly become polarizing among students, who either applauded its contemporary design or felt it clashed with Savannah’s more fanciful, historic aesthetic. One student opined: “I feel like it kinda sticks out like a sore thumb.”
Find a closer comparison of SCAD’s Savannah and Atlanta residential cousins, separated by 250 miles, in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Savannah news, discussion (Urbanize Atlanta)
Tags
640 Indian St.
Savannah
SCAD
Student Housing
Savannah College of Art and Design
Savannah Construction
Savannah News
Savannah Development
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Architecture Road Trips
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Service Brewing Company
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Images
The 17-story River project opened earlier this year as a hive for up to 800 SCAD bees. Josh Green/Urbanize Atlanta
The River building’s stance over a more industrial section of River Street near Service Brewing Company. Josh Green/Urbanize Atlanta
The River building in relation to Savannah’s iconic Talmadge Memorial Bridge. Josh Green/Urbanize Atlanta
How the River building relates to Indian Street and other new residential development in the area, including the Olmsted project, at right. Josh Green/Urbanize Atlanta
River, in the distance, stands out on Savannah’s skyline. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Atlanta’s SCAD building in question as seen in 2021, during construction of other mid-rise dorms next door. Josh Green/Urbanize Atlanta
SCAD’s Forty student housing structure in 2022.
The Forty building, at right, in relation to the Connector and Atlantic Station.
Subtitle
Residential tower project near famed River Street looks awfully familiar
Neighborhood
Savannah
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Before/After Images
Sponsored Post
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Images: Did SCAD copy + paste an Atlanta building in Savannah?
Josh Green
Thu, 12/05/2024 – 08:00
Atlantans arriving in Savannah for the first time in a while might find themselves doing a double take—and wondering if they aren’t on Spring Street in Midtown.
Maybe that’s a stretch, but one of the newest and tallest landmarks on the Hostess City of the South’s skyline does appear a copy + paste job by a leading Georgia university known for creativity. At least from a distance.
The 640 Indian St. tower in question is a Savannah College of Art and Design project called, simply, River. When it opened during the spring semester, SCAD officials described it as a “monumental” and “spectacular” residence hall with “breathtaking views of the mighty Savannah River and gloriously sprawling Lowcountry beyond.”
What wasn’t mentioned is that it looks strikingly similar to SCAD’s Forty building in Atlanta, the first phase of the school’s considerable recent growth spurt just east of the downtown Connector freeway.
The 17-story River project opened earlier this year as a hive for up to 800 SCAD bees. Josh Green/Urbanize Atlanta
Atlanta’s SCAD building in question as seen in 2021, during construction of other mid-rise dorms next door. Josh Green/Urbanize Atlanta
In Savannah, the 17-story student housing building stands a couple of blocks west of adaptive-reuse Plant Riverside and the most bustling stretches of famed River Street. The (post) industrial area counts attractions like Service Brewing Co. and an influx of multifamily development that includes projects such as Olmsted Savannah. It’s changed a lot in a decade.
Both the Savannah and Atlanta buildings share a similar paint scheme and modern aesthetic, with a white, slightly askew top-floor event space set atop the buildings like the world’s largest crooked shipping containers.
But upon closer examination, the Savannah project is actually much larger than ATL’s: three floors taller with more than 200 additional student beds, for a total of 800 homes for coastal SCAD bees. It’s also L-shaped, versus Forty’s rectangular form. Plus way more palm trees.
We reached out this week to SCAD officials to learn additional ways in which the buildings are similar, or different, but have yet to hear back.
Savannah news station WTOC-TV reported when construction ramped up in 2022 the project was an effort by SCAD to ensure that at least 50 percent of the student population lives on campus (classroom buildings are nearby) by 2025, and to alleviate parking issues in the area.
The River building in relation to Savannah’s iconic Talmadge Memorial Bridge. Josh Green/Urbanize Atlanta
River, in the distance, stands out on Savannah’s skyline. Josh Green/Urbanize Atlanta
Another TV station, WSAV, relayed in April the building had instantly become polarizing among students, who either applauded its contemporary design or felt it clashed with Savannah’s more fanciful, historic aesthetic. One student opined: “I feel like it kinda sticks out like a sore thumb.”
Find a closer comparison of SCAD’s Savannah and Atlanta residential cousins, separated by 250 miles, in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Savannah news, discussion (Urbanize Atlanta)
Tags
640 Indian St.
Savannah
SCAD
Student Housing
Savannah College of Art and Design
Savannah Construction
Savannah News
Savannah Development
OTP
South Georgia
River Street
Architecture Road Trips
Road Trips
Talmadge Memorial Bridge
Service Brewing Company
Dorms
River House
Forty
Olmsted Savannah
Images
The 17-story River project opened earlier this year as a hive for up to 800 SCAD bees. Josh Green/Urbanize Atlanta
The River building’s stance over a more industrial section of River Street near Service Brewing Company. Josh Green/Urbanize Atlanta
The River building in relation to Savannah’s iconic Talmadge Memorial Bridge. Josh Green/Urbanize Atlanta
How the River building relates to Indian Street and other new residential development in the area, including the Olmsted project, at right. Josh Green/Urbanize Atlanta
River, in the distance, stands out on Savannah’s skyline. Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Atlanta’s SCAD building in question as seen in 2021, during construction of other mid-rise dorms next door. Josh Green/Urbanize Atlanta
SCAD’s Forty student housing structure in 2022.
The Forty building, at right, in relation to the Connector and Atlantic Station.
Subtitle
Residential tower project near famed River Street looks awfully familiar
Neighborhood
Savannah
Background Image
Image
Before/After Images
Sponsored Post
Off
RXR Launches 1,100 Acre Apex Mixed-Use Community
RXR Launches 1,100 Acre Apex Mixed-Use Community
RXR has broken down on its first project within the 1,100-acre Veridea mixed-use community in Apex. Phase I of Veridea will include approximately 1,500 multifamily units, 1,100 single-family homes and townhomes built by Lennar Homebuilders, 150,000 square feet of retail, restaurants, and commercial space, 213,000 square feet of industrial, and a new 340,000 square foot campus for Wake Tech Community College.
The community is expected to bring more than 2,300 annual jobs to Apex over the next decade of development. Samet Corporation began construction of Phase I of the $3 billion project, with major clearing, site work and infrastructure work.
Veridea is located two miles south of historic downtown Apex. Upon completion, the mixed-use development is envisioned to include up to 8,000 residential units, up to 3.5 million square feet of retail, hospitality, and civic space, up to 12 million square feet of commercial space, a new Wake County Public School System elementary school and the newest campus for Wake Technical Community College.
The post RXR Launches 1,100 Acre Apex Mixed-Use Community appeared first on Connect CRE.
RXR has broken down on its first project within the 1,100-acre Veridea mixed-use community in Apex. Phase I of Veridea will include approximately 1,500 multifamily units, 1,100 single-family homes and townhomes built by Lennar Homebuilders, 150,000 square feet of retail, restaurants, and commercial space, 213,000 square feet of industrial, and a new 340,000 square foot …
The post RXR Launches 1,100 Acre Apex Mixed-Use Community appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
RXR has broken down on its first project within the 1,100-acre Veridea mixed-use community in Apex. Phase I of Veridea will include approximately 1,500 multifamily units, 1,100 single-family homes and townhomes built by Lennar Homebuilders, 150,000 square feet of retail, restaurants, and commercial space, 213,000 square feet of industrial, and a new 340,000 square foot …
The post RXR Launches 1,100 Acre Apex Mixed-Use Community appeared first on Connect CRE.
Greystone, Cushman & Wakefield Arrange $72.9M NC Apartment Deal
Greystone, Cushman & Wakefield Arrange $72.9M NC Apartment Deal
Greystone and Cushman & Wakefield provided acquisition financing and arranged the sale of Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in the Charlotte suburb of Huntersville, North Carolina.
The multifamily property was sold by Ardmore Residential to buyer Claremont Companies, a family office based in Massachusetts.
Cushman & Wakefield’s Alex McDermott, Louis Smart, Paul Marley, John Phoenix, Richard Montana, and Jacquelyn Aaron represented the seller in the $72.9 million transaction. Alex Basile, an Executive Director at both Greystone and Cushman & Wakefield, along with Michael Zelin and Drew Barnette of Cushman Wakefield’s Equity, Debt and Structured Finance team originated a $41.4 million Freddie Mac loan to finance the acquisition.
Aventine is located at 13035 Ardmore Forest Rd. and features a fitness center, car care center, clubhouse with a resident lounge, complimentary Starbucks bar, pet spa and park, and a resort-style swimming pool.
The post Greystone, Cushman & Wakefield Arrange $72.9M NC Apartment Deal appeared first on Connect CRE.
Greystone and Cushman & Wakefield provided acquisition financing and arranged the sale of Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in the Charlotte suburb of Huntersville, North Carolina. The multifamily property was sold by Ardmore Residential to buyer Claremont Companies, a family office based in Massachusetts. Cushman & Wakefield’s Alex McDermott, …
The post Greystone, Cushman & Wakefield Arrange $72.9M NC Apartment Deal appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Greystone and Cushman & Wakefield provided acquisition financing and arranged the sale of Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in the Charlotte suburb of Huntersville, North Carolina. The multifamily property was sold by Ardmore Residential to buyer Claremont Companies, a family office based in Massachusetts. Cushman & Wakefield’s Alex McDermott, …
The post Greystone, Cushman & Wakefield Arrange $72.9M NC Apartment Deal appeared first on Connect CRE.