Lakeshore Mall in Gainesville targeted for redevelopment
Lakeshore Mall in Gainesville targeted for redevelopment
Branch Properties aims to turn the site into a mixed-use destination, a popular play for revitalizing shopping malls.
Branch Properties aims to turn the site into a mixed-use destination, a popular play for revitalizing shopping malls. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Branch Properties aims to turn the site into a mixed-use destination, a popular play for revitalizing shopping malls.
Lakeshore Mall in Gainesville targeted for redevelopment
Lakeshore Mall in Gainesville targeted for redevelopment
Branch Properties aims to turn the site into a mixed-use destination, a popular play for revitalizing shopping malls.
Branch Properties aims to turn the site into a mixed-use destination, a popular play for revitalizing shopping malls. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Branch Properties aims to turn the site into a mixed-use destination, a popular play for revitalizing shopping malls.
Renderings: Mixed-use makeover in works for 1970s mall
Renderings: Mixed-use makeover in works for 1970s mall
Renderings: Mixed-use makeover in works for 1970s mall
Josh Green
Mon, 11/25/2024 – 12:06
The next extreme makeover of a dated mall is bound for one of metro Atlanta’s fastest-growing cities, developers announced today.
Branch Properties, an Atlanta-based real estate investment firm and developer behind such projects as Hugh Howell Marketplace in Tucker (completed in 2022) and Publix-anchored Summerhill Station, plans to create a new town center in Gainesville from Lakeshore Mall, a community staple that’s seen more vibrant days.
Situated between Lake Lanier and Interstate 985, about an hour northeast of Atlanta in the Hall County seat, the nearly 500,000-square-foot Lakeshore Mall originally opened in 1970 along Dawsonville Highway, a main Gainesville artery.
Branch Properties’ multi-phase plans call for transforming the mall into an open-air, walkable destination that functions as a residential hub and communal gathering place.
Once fully built, that will include 652 multifamily residences, 38,200 square feet of outdoor greenspace, and a whopping 305,000 square feet for retail. (For context, Ponce City Market counts about 350,000 square feet dedicated to retail.)
The project—called simply “Lakeshore” in an announcement—will also have room for townhomes and a hotel in future phases, per officials. Branch Properties bought the mall in 2022.
Courtesy of Branch Properties
Lakeshore Mall’s 150 Pearl Nix Parkway location, between Lake Lanier and Interstate 985. Google Maps
Plans call for keeping the mall’s anchor tenants Belk and Dick’s Sporting Goods open throughout the development process, though Dick’s will eventually be relocated on site.
With its inclusion of residential, the project echoes other metro mall redevelopments moving forward at North DeKalb Mall, Mall West End, and Gwinnett Place, among others.
Branch Properties officials expect the mixed-use planning process to stretch for several years. As a first step toward redevelopment, the company is filing the project with the State of Georgia for review as a Development of Regional Impact. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and gather local input.
Elsewhere in Gainesville, Branch Properties is developing a 14-acre shopping center called Limestone Marketplace, which is also anchored by Publix.
Courtesy of Branch Properties
Courtesy of Branch Properties
Branch Properties’ construction schedule calls for breaking ground on the mall redevelopment in late 2026.
“The redesigned destination will fit seamlessly into the community, meeting the needs of Gainesville’s rapidly growing population,” Jesse Shannon, Branch Properties’ president, partner, and chief investment officer, said in an announcement today.
Branch Properties officials pointed to U.S. Census Bureau statistics indicating Gainesville’s population has swelled by 15 percent since 2020, attributable to farther migration from Atlanta’s suburbs and a desire to live closer to Lake Lanier, per the developer.
“This surging population growth,” notes the project announcement, “has created increased demand for community space and residential development.”
Find a closer look at Lakeshore Mall makeover plans in the gallery above.
…
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• Gainesville news, discussion (Urbanize Atlanta)
Lakeshore Mall’s 150 Pearl Nix Parkway location, between Lake Lanier and Interstate 985. Google Maps
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Google Maps
Renderings: Mixed-use makeover in works for 1970s mall
Josh Green
Mon, 11/25/2024 – 12:06
The next extreme makeover of a dated mall is bound for one of metro Atlanta’s fastest-growing cities, developers announced today.
Branch Properties, an Atlanta-based real estate investment firm and developer behind such projects as Hugh Howell Marketplace in Tucker (completed in 2022) and Publix-anchored Summerhill Station, plans to create a new town center in Gainesville from Lakeshore Mall, a community staple that’s seen more vibrant days.
Situated between Lake Lanier and Interstate 985, about an hour northeast of Atlanta in the Hall County seat, the nearly 500,000-square-foot Lakeshore Mall originally opened in 1970 along Dawsonville Highway, a main Gainesville artery.
Branch Properties’ multi-phase plans call for transforming the mall into an open-air, walkable destination that functions as a residential hub and communal gathering place.
Once fully built, that will include 652 multifamily residences, 38,200 square feet of outdoor greenspace, and a whopping 305,000 square feet for retail. (For context, Ponce City Market counts about 350,000 square feet dedicated to retail.)
The project—called simply “Lakeshore” in an announcement—will also have room for townhomes and a hotel in future phases, per officials. Branch Properties bought the mall in 2022.
Courtesy of Branch Properties
Lakeshore Mall’s 150 Pearl Nix Parkway location, between Lake Lanier and Interstate 985. Google Maps
Plans call for keeping the mall’s anchor tenants Belk and Dick’s Sporting Goods open throughout the development process, though Dick’s will eventually be relocated on site.
With its inclusion of residential, the project echoes other metro mall redevelopments moving forward at North DeKalb Mall, Mall West End, and Gwinnett Place, among others.
Branch Properties officials expect the mixed-use planning process to stretch for several years. As a first step toward redevelopment, the company is filing the project with the State of Georgia for review as a Development of Regional Impact. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and gather local input.
Elsewhere in Gainesville, Branch Properties is developing a 14-acre shopping center called Limestone Marketplace, which is also anchored by Publix.
Courtesy of Branch Properties
Courtesy of Branch Properties
Branch Properties’ construction schedule calls for breaking ground on the mall redevelopment in late 2026.
“The redesigned destination will fit seamlessly into the community, meeting the needs of Gainesville’s rapidly growing population,” Jesse Shannon, Branch Properties’ president, partner, and chief investment officer, said in an announcement today.
Branch Properties officials pointed to U.S. Census Bureau statistics indicating Gainesville’s population has swelled by 15 percent since 2020, attributable to farther migration from Atlanta’s suburbs and a desire to live closer to Lake Lanier, per the developer.
“This surging population growth,” notes the project announcement, “has created increased demand for community space and residential development.”
Find a closer look at Lakeshore Mall makeover plans in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Gainesville news, discussion (Urbanize Atlanta)
Tags
150 Pearl Nix Parkway
Lakeshore Mall
Branch Properties
Gainesville Development
Gainesville Growth
Atlanta Malls
Mall Redevelopment
Malls
Dick’s Sporting Goods
Franklin Street
Belk
North OTP
OTP
Hall County
DRI
Development of Regional Impact
Images
Lakeshore Mall’s 150 Pearl Nix Parkway location, between Lake Lanier and Interstate 985. Google Maps
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Google Maps
Subtitle
Plans for Gainesville’s Lakeshore Mall call for hundreds of residences, communal greenspaces
Neighborhood
Gainesville
Background Image
Image
Before/After Images
Sponsored Post
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Renderings: Mixed-use makeover in works for 1970s mall
Josh Green
Mon, 11/25/2024 – 12:06
The next extreme makeover of a dated mall is bound for one of metro Atlanta’s fastest-growing cities, developers announced today.
Branch Properties, an Atlanta-based real estate investment firm and developer behind such projects as Hugh Howell Marketplace in Tucker (completed in 2022) and Publix-anchored Summerhill Station, plans to create a new town center in Gainesville from Lakeshore Mall, a community staple that’s seen more vibrant days.
Situated between Lake Lanier and Interstate 985, about an hour northeast of Atlanta in the Hall County seat, the nearly 500,000-square-foot Lakeshore Mall originally opened in 1970 along Dawsonville Highway, a main Gainesville artery.
Branch Properties’ multi-phase plans call for transforming the mall into an open-air, walkable destination that functions as a residential hub and communal gathering place.
Once fully built, that will include 652 multifamily residences, 38,200 square feet of outdoor greenspace, and a whopping 305,000 square feet for retail. (For context, Ponce City Market counts about 350,000 square feet dedicated to retail.)
The project—called simply “Lakeshore” in an announcement—will also have room for townhomes and a hotel in future phases, per officials. Branch Properties bought the mall in 2022.
Courtesy of Branch Properties
Lakeshore Mall’s 150 Pearl Nix Parkway location, between Lake Lanier and Interstate 985. Google Maps
Plans call for keeping the mall’s anchor tenants Belk and Dick’s Sporting Goods open throughout the development process, though Dick’s will eventually be relocated on site.
With its inclusion of residential, the project echoes other metro mall redevelopments moving forward at North DeKalb Mall, Mall West End, and Gwinnett Place, among others.
Branch Properties officials expect the mixed-use planning process to stretch for several years. As a first step toward redevelopment, the company is filing the project with the State of Georgia for review as a Development of Regional Impact. The DRI classification, which applies to projects large enough to effect multiple jurisdictions, is meant to streamline the development process and gather local input.
Elsewhere in Gainesville, Branch Properties is developing a 14-acre shopping center called Limestone Marketplace, which is also anchored by Publix.
Courtesy of Branch Properties
Courtesy of Branch Properties
Branch Properties’ construction schedule calls for breaking ground on the mall redevelopment in late 2026.
“The redesigned destination will fit seamlessly into the community, meeting the needs of Gainesville’s rapidly growing population,” Jesse Shannon, Branch Properties’ president, partner, and chief investment officer, said in an announcement today.
Branch Properties officials pointed to U.S. Census Bureau statistics indicating Gainesville’s population has swelled by 15 percent since 2020, attributable to farther migration from Atlanta’s suburbs and a desire to live closer to Lake Lanier, per the developer.
“This surging population growth,” notes the project announcement, “has created increased demand for community space and residential development.”
Find a closer look at Lakeshore Mall makeover plans in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Gainesville news, discussion (Urbanize Atlanta)
Tags
150 Pearl Nix Parkway
Lakeshore Mall
Branch Properties
Gainesville Development
Gainesville Growth
Atlanta Malls
Mall Redevelopment
Malls
Dick’s Sporting Goods
Franklin Street
Belk
North OTP
OTP
Hall County
DRI
Development of Regional Impact
Images
Lakeshore Mall’s 150 Pearl Nix Parkway location, between Lake Lanier and Interstate 985. Google Maps
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Courtesy of Branch Properties
Google Maps
Subtitle
Plans for Gainesville’s Lakeshore Mall call for hundreds of residences, communal greenspaces
Neighborhood
Gainesville
Background Image
Image
Before/After Images
Sponsored Post
Off
Commercial real estate investment stabilizing, but ‘a slow, long grind’ remains
Commercial real estate investment stabilizing, but ‘a slow, long grind’ remains
The national commercial real estate market saw $40.1 billion in transactions in the third quarter, down from $43 billion in Q2 and $44.4 billion in Q3 2023.
The national commercial real estate market saw $40.1 billion in transactions in the third quarter, down from $43 billion in Q2 and $44.4 billion in Q3 2023. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
The national commercial real estate market saw $40.1 billion in transactions in the third quarter, down from $43 billion in Q2 and $44.4 billion in Q3 2023.
Commercial real estate investment stabilizing, but ‘a slow, long grind’ remains
Commercial real estate investment stabilizing, but ‘a slow, long grind’ remains
The national commercial real estate market saw $40.1 billion in transactions in the third quarter, down from $43 billion in Q2 and $44.4 billion in Q3 2023.
The national commercial real estate market saw $40.1 billion in transactions in the third quarter, down from $43 billion in Q2 and $44.4 billion in Q3 2023. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
The national commercial real estate market saw $40.1 billion in transactions in the third quarter, down from $43 billion in Q2 and $44.4 billion in Q3 2023.
South Downtown hotel project’s lynchpin tenant pulls out
South Downtown hotel project’s lynchpin tenant pulls out
South Downtown hotel project’s lynchpin tenant pulls out
Josh Green
Mon, 11/25/2024 – 10:48
A hotel restaurant concept considered a win for historic but less lively blocks of South Downtown won’t move forward as planned.
All-day restaurant Butter + Scotch, from the same team that owns the celebrated Che Butter Jonez in Southwest Atlanta, had signed on to operate at the Origin Hotel Atlanta, an adaptive-reuse former office building at 166 Pryor St.
But Butter + Scotch reps announced via email Sunday those plans have been cancelled.
“Despite the excitement and community support [for Butter + Scotch], unforeseen challenges during the development process have led the team to make the difficult decision to halt the project,” reads the announcement.
Exterior work in April at the 166 Pryor St. building in South Downtown. Submitted
Rendering of the Origin HotelNuveen Green Capital
Back in April, owner Detric Fox-Quinlan told Urbanize Atlanta that construction crews had encountered hurdles at the property but that “everything promises to be absolutely beautiful upon completion.” This week, the team behind Butter + Scotch noted they remain optimistic the concept will come to life elsewhere in town.
The Afro-Caribbean and Southern-inspired restaurant and bar, spearheaded by Chef Malik Rhasaan and Fox-Quinlan, promised a unique mashup of flavors from Rhasaan’s native Queens, New York, and downhome comfort food. “We wanted to create something special for Atlanta,” Rhasaan noted in a prepared statement. “[But] this is not the end of our story.”
The Origin Hotel Atlanta, a Wyndham Hotels and Resorts property, has been delayed by construction issues, but hotel officials said last summer an October opening was realistic. The property still hasn’t opened and is not accepting reservations until mid-January.
We’ve asked Origin reps for a construction update—and if plans are moving forward to replace Butter + Scotch—and we’ll update this story with any additional information that comes.
[UPDATE: 12:03 p.m., Nov. 25: Origin Hotel Atlanta reps have provided the following statement: “[We] originally partnered with the Che Butter Jonez team to develop a restaurant. Unfortunately, delays in construction and permitting timelines have impacted the business plans for both parties. Although the Che Butter Jonez team will no longer be part of the restaurant, Origin Hotel Atlanta still plans to open a restaurant in the hotel, and it should be ready near the time of the hotel opening. The completion date for the hotel continues to be a moving target for late 2024 or early 2025.”]
The boutique hotel is remaking a 1950s office building into 122 guest rooms and suites. Other features include a private event space on the top floor. It marks a rare large-scale, non-governmental investment south of Five Points near the Georgia State Capitol.
Atlanta iconography—including a depiction of the Beaux Arts-style Terminal Station, demolished in the 1970s—is included in a model room’s wallpaper. Courtesy of Origin Hotel Atlanta
The Origin Hotel Atlanta’s location where Pryor and Mitchell streets meet, in the context of South Downtown. Google Maps
Situated about a block south of Underground Atlanta, the hotel marks an important historical save and “jewel” of redevelopment, project leaders have said. Marketing materials describe the property as being “where dynamic cityscapes and Southern hospitality intertwine.”
Online bookings begin Jan. 15, with nightly rates ranging from $175 to north of $600 for rooms with between 265 square feet (single queens) to 700 square feet (a “premiere suite” that sleeps four).
The building stands at the intersection of Pryor and Mitchell streets, roughly two blocks east of where developer Newport revived parts of downtown’s historic Hotel Row before handing over its portfolio to foreclosure. Tech-focused Atlanta Ventures has since purchased those properties and taken over redevelopment while adding more buildings.
Plans call for the hotel to join others under the Origin brand in Austin, Lexington, Baton Rouge, and Red Rocks (Colorado), along with another new property in Kansas City.
Mississippi-based The Thrash Group paid $16 million for the six-story office building in early 2022, when plans were announced to complete a stalled renovation and open the former offices as a boutique downtown lodging option.
Officials noted the hotel’s proximity to two MARTA stations—Five Points and Garnett—as a selling point at the time.
Origin reps said last summer a 50-foot art installation in the hotel’s lobby will serve as “a graceful nod to the neighborhood’s thriving arts community,” while bike rentals will be free for hotel guests. Plans for the loft-like aesthetics are described as a combination of high concrete ceilings and exposed brick walls with details such as patterned wallpaper featuring Atlanta landmarks, per the Origin website.
Hotel designs will lean into a midcentury aesthetic, with nods to Atlanta history. In addition to event spaces that include the rooftop with skyline views, the property will feature a retail storefront that sells ATL-themed souvenirs and gear, officials relayed in August.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
The Origin Hotel Atlanta’s location where Pryor and Mitchell streets meet, in the context of South Downtown. Google Maps
Exterior work in April at the 166 Pryor St. building in South Downtown. Submitted
Rendering of the Origin HotelNuveen Green Capital
Atlanta iconography—including a depiction of the Beaux Arts-style Terminal Station, demolished in the 1970s—is included in a model room’s wallpaper. Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Interior designs of a demo room at the Origin property. Courtesy of Origin Hotel Atlanta
South Downtown hotel project’s lynchpin tenant pulls out
Josh Green
Mon, 11/25/2024 – 10:48
A hotel restaurant concept considered a win for historic but less lively blocks of South Downtown won’t move forward as planned.
All-day restaurant Butter + Scotch, from the same team that owns the celebrated Che Butter Jonez in Southwest Atlanta, had signed on to operate at the Origin Hotel Atlanta, an adaptive-reuse former office building at 166 Pryor St.
But Butter + Scotch reps announced via email Sunday those plans have been cancelled.
“Despite the excitement and community support [for Butter + Scotch], unforeseen challenges during the development process have led the team to make the difficult decision to halt the project,” reads the announcement.
Exterior work in April at the 166 Pryor St. building in South Downtown. Submitted
Rendering of the Origin HotelNuveen Green Capital
Back in April, owner Detric Fox-Quinlan told Urbanize Atlanta that construction crews had encountered hurdles at the property but that “everything promises to be absolutely beautiful upon completion.” This week, the team behind Butter + Scotch noted they remain optimistic the concept will come to life elsewhere in town.
The Afro-Caribbean and Southern-inspired restaurant and bar, spearheaded by Chef Malik Rhasaan and Fox-Quinlan, promised a unique mashup of flavors from Rhasaan’s native Queens, New York, and downhome comfort food. “We wanted to create something special for Atlanta,” Rhasaan noted in a prepared statement. “[But] this is not the end of our story.”
The Origin Hotel Atlanta, a Wyndham Hotels and Resorts property, has been delayed by construction issues, but hotel officials said last summer an October opening was realistic. The property still hasn’t opened and is not accepting reservations until mid-January.
We’ve asked Origin reps for a construction update—and if plans are moving forward to replace Butter + Scotch—and we’ll update this story with any additional information that comes.
[UPDATE: 12:03 p.m., Nov. 25: Origin Hotel Atlanta reps have provided the following statement: “[We] originally partnered with the Che Butter Jonez team to develop a restaurant. Unfortunately, delays in construction and permitting timelines have impacted the business plans for both parties. Although the Che Butter Jonez team will no longer be part of the restaurant, Origin Hotel Atlanta still plans to open a restaurant in the hotel, and it should be ready near the time of the hotel opening. The completion date for the hotel continues to be a moving target for late 2024 or early 2025.”]
The boutique hotel is remaking a 1950s office building into 122 guest rooms and suites. Other features include a private event space on the top floor. It marks a rare large-scale, non-governmental investment south of Five Points near the Georgia State Capitol.
Atlanta iconography—including a depiction of the Beaux Arts-style Terminal Station, demolished in the 1970s—is included in a model room’s wallpaper. Courtesy of Origin Hotel Atlanta
The Origin Hotel Atlanta’s location where Pryor and Mitchell streets meet, in the context of South Downtown. Google Maps
Situated about a block south of Underground Atlanta, the hotel marks an important historical save and “jewel” of redevelopment, project leaders have said. Marketing materials describe the property as being “where dynamic cityscapes and Southern hospitality intertwine.”
Online bookings begin Jan. 15, with nightly rates ranging from $175 to north of $600 for rooms with between 265 square feet (single queens) to 700 square feet (a “premiere suite” that sleeps four).
The building stands at the intersection of Pryor and Mitchell streets, roughly two blocks east of where developer Newport revived parts of downtown’s historic Hotel Row before handing over its portfolio to foreclosure. Tech-focused Atlanta Ventures has since purchased those properties and taken over redevelopment while adding more buildings.
Plans call for the hotel to join others under the Origin brand in Austin, Lexington, Baton Rouge, and Red Rocks (Colorado), along with another new property in Kansas City.
Mississippi-based The Thrash Group paid $16 million for the six-story office building in early 2022, when plans were announced to complete a stalled renovation and open the former offices as a boutique downtown lodging option.
Officials noted the hotel’s proximity to two MARTA stations—Five Points and Garnett—as a selling point at the time.
Origin reps said last summer a 50-foot art installation in the hotel’s lobby will serve as “a graceful nod to the neighborhood’s thriving arts community,” while bike rentals will be free for hotel guests. Plans for the loft-like aesthetics are described as a combination of high concrete ceilings and exposed brick walls with details such as patterned wallpaper featuring Atlanta landmarks, per the Origin website.
Hotel designs will lean into a midcentury aesthetic, with nods to Atlanta history. In addition to event spaces that include the rooftop with skyline views, the property will feature a retail storefront that sells ATL-themed souvenirs and gear, officials relayed in August.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Tags
166 Pryor Street SW
Origin Hotel Atlanta
Origin Hotel
Berkadia
Access Point Financial
The Thrash Group
Atlanta Hotels
Adaptive-Reuse
Berkadia Hotels & Hospitality
Life Company
Proprietary Bridge Lending
Capital Markets Advisory Services
Downtown Atlanta
Atlanta Construction
Wyndam
Wyndam Rewards
Butter +Scotch
b&B
Images
The Origin Hotel Atlanta’s location where Pryor and Mitchell streets meet, in the context of South Downtown. Google Maps
Exterior work in April at the 166 Pryor St. building in South Downtown. Submitted
Rendering of the Origin HotelNuveen Green Capital
Atlanta iconography—including a depiction of the Beaux Arts-style Terminal Station, demolished in the 1970s—is included in a model room’s wallpaper. Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Interior designs of a demo room at the Origin property. Courtesy of Origin Hotel Atlanta
Subtitle
Butter + Scotch concept won’t open as planned at delayed, forthcoming Origin Hotel
Neighborhood
Downtown
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
South Downtown hotel project’s lynchpin tenant pulls out
Josh Green
Mon, 11/25/2024 – 10:48
A hotel restaurant concept considered a win for historic but less lively blocks of South Downtown won’t move forward as planned.
All-day restaurant Butter + Scotch, from the same team that owns the celebrated Che Butter Jonez in Southwest Atlanta, had signed on to operate at the Origin Hotel Atlanta, an adaptive-reuse former office building at 166 Pryor St.
But Butter + Scotch reps announced via email Sunday those plans have been cancelled.
“Despite the excitement and community support [for Butter + Scotch], unforeseen challenges during the development process have led the team to make the difficult decision to halt the project,” reads the announcement.
Exterior work in April at the 166 Pryor St. building in South Downtown. Submitted
Rendering of the Origin HotelNuveen Green Capital
Back in April, owner Detric Fox-Quinlan told Urbanize Atlanta that construction crews had encountered hurdles at the property but that “everything promises to be absolutely beautiful upon completion.” This week, the team behind Butter + Scotch noted they remain optimistic the concept will come to life elsewhere in town.
The Afro-Caribbean and Southern-inspired restaurant and bar, spearheaded by Chef Malik Rhasaan and Fox-Quinlan, promised a unique mashup of flavors from Rhasaan’s native Queens, New York, and downhome comfort food. “We wanted to create something special for Atlanta,” Rhasaan noted in a prepared statement. “[But] this is not the end of our story.”
The Origin Hotel Atlanta, a Wyndham Hotels and Resorts property, has been delayed by construction issues, but hotel officials said last summer an October opening was realistic. The property still hasn’t opened and is not accepting reservations until mid-January.
We’ve asked Origin reps for a construction update—and if plans are moving forward to replace Butter + Scotch—and we’ll update this story with any additional information that comes.
[UPDATE: 12:03 p.m., Nov. 25: Origin Hotel Atlanta reps have provided the following statement: “[We] originally partnered with the Che Butter Jonez team to develop a restaurant. Unfortunately, delays in construction and permitting timelines have impacted the business plans for both parties. Although the Che Butter Jonez team will no longer be part of the restaurant, Origin Hotel Atlanta still plans to open a restaurant in the hotel, and it should be ready near the time of the hotel opening. The completion date for the hotel continues to be a moving target for late 2024 or early 2025.”]
The boutique hotel is remaking a 1950s office building into 122 guest rooms and suites. Other features include a private event space on the top floor. It marks a rare large-scale, non-governmental investment south of Five Points near the Georgia State Capitol.
Atlanta iconography—including a depiction of the Beaux Arts-style Terminal Station, demolished in the 1970s—is included in a model room’s wallpaper. Courtesy of Origin Hotel Atlanta
The Origin Hotel Atlanta’s location where Pryor and Mitchell streets meet, in the context of South Downtown. Google Maps
Situated about a block south of Underground Atlanta, the hotel marks an important historical save and “jewel” of redevelopment, project leaders have said. Marketing materials describe the property as being “where dynamic cityscapes and Southern hospitality intertwine.”
Online bookings begin Jan. 15, with nightly rates ranging from $175 to north of $600 for rooms with between 265 square feet (single queens) to 700 square feet (a “premiere suite” that sleeps four).
The building stands at the intersection of Pryor and Mitchell streets, roughly two blocks east of where developer Newport revived parts of downtown’s historic Hotel Row before handing over its portfolio to foreclosure. Tech-focused Atlanta Ventures has since purchased those properties and taken over redevelopment while adding more buildings.
Plans call for the hotel to join others under the Origin brand in Austin, Lexington, Baton Rouge, and Red Rocks (Colorado), along with another new property in Kansas City.
Mississippi-based The Thrash Group paid $16 million for the six-story office building in early 2022, when plans were announced to complete a stalled renovation and open the former offices as a boutique downtown lodging option.
Officials noted the hotel’s proximity to two MARTA stations—Five Points and Garnett—as a selling point at the time.
Origin reps said last summer a 50-foot art installation in the hotel’s lobby will serve as “a graceful nod to the neighborhood’s thriving arts community,” while bike rentals will be free for hotel guests. Plans for the loft-like aesthetics are described as a combination of high concrete ceilings and exposed brick walls with details such as patterned wallpaper featuring Atlanta landmarks, per the Origin website.
Hotel designs will lean into a midcentury aesthetic, with nods to Atlanta history. In addition to event spaces that include the rooftop with skyline views, the property will feature a retail storefront that sells ATL-themed souvenirs and gear, officials relayed in August.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Tags
166 Pryor Street SW
Origin Hotel Atlanta
Origin Hotel
Berkadia
Access Point Financial
The Thrash Group
Atlanta Hotels
Adaptive-Reuse
Berkadia Hotels & Hospitality
Life Company
Proprietary Bridge Lending
Capital Markets Advisory Services
Downtown Atlanta
Atlanta Construction
Wyndam
Wyndam Rewards
Butter +Scotch
b&B
Images
The Origin Hotel Atlanta’s location where Pryor and Mitchell streets meet, in the context of South Downtown. Google Maps
Exterior work in April at the 166 Pryor St. building in South Downtown. Submitted
Rendering of the Origin HotelNuveen Green Capital
Atlanta iconography—including a depiction of the Beaux Arts-style Terminal Station, demolished in the 1970s—is included in a model room’s wallpaper. Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Courtesy of Origin Hotel Atlanta
Interior designs of a demo room at the Origin property. Courtesy of Origin Hotel Atlanta
Subtitle
Butter + Scotch concept won’t open as planned at delayed, forthcoming Origin Hotel
Neighborhood
Downtown
Background Image
Image
Before/After Images
Sponsored Post
Off
Rockpoint, Oppidan Sell Off First of 4 Apex Warehouses
Rockpoint, Oppidan Sell Off First of 4 Apex Warehouses
Rockpoint and Oppidan Investment Co. have sold the 233,818-square-foot Building I at their $100 million Apex Commerce Center, a four-building industrial property in Apex, N.C. LaSalle Investment Management acquired the Class A asset.
Commercial Edge reports the duo broke ground on the 847,171-square-foot park in 2022. Building I came online one year later. Apex Commerce Center’s other three facilities are slated for occupancy between July and September 2025.
The rear-load Building I features 32-foot clear heights, 60-foot speed bays and 180-foot truck courts. Two drive-in doors are available, as well as 12 dock-high doors with the option of adding an extra 37. Located at 1251 Burma Drive, the facility is about 6 miles from North Carolina Route 540, which is currently undergoing an expansion meant to extend the thoroughfare, looping around the Greater Raleigh area. The Research Triangle Park and the Raleigh-Durham International Airport are roughly 21 miles north.
JLL Dave Andrews and Pete Pittroff led the team representing Rockpoint in the transaction.
The post Rockpoint, Oppidan Sell Off First of 4 Apex Warehouses appeared first on Connect CRE.
Rockpoint and Oppidan Investment Co. have sold the 233,818-square-foot Building I at their $100 million Apex Commerce Center, a four-building industrial property in Apex, N.C. LaSalle Investment Management acquired the Class A asset. Commercial Edge reports the duo broke ground on the 847,171-square-foot park in 2022. Building I came online one year later. Apex Commerce …
The post Rockpoint, Oppidan Sell Off First of 4 Apex Warehouses appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Rockpoint and Oppidan Investment Co. have sold the 233,818-square-foot Building I at their $100 million Apex Commerce Center, a four-building industrial property in Apex, N.C. LaSalle Investment Management acquired the Class A asset. Commercial Edge reports the duo broke ground on the 847,171-square-foot park in 2022. Building I came online one year later. Apex Commerce …
The post Rockpoint, Oppidan Sell Off First of 4 Apex Warehouses appeared first on Connect CRE.
Scannell Spins Off Savannah Warehouse for $100.6M
Scannell Spins Off Savannah Warehouse for $100.6M
Scannell Properties sold a 942,210-square-foot Savannah distribution center to Goldman Sachs Alternatives for $100.6 million. Rockingham Farms Building 9 is located at 125 Feldspar Drive.
The property, built in 2023, is fully leased to four tenants. It features a 40-foot clear height, 185-foot truck court depth, 183 dock-high doors, ample trailer and auto parking, cross-dock configuration and 7,500 square feet of office space.
The property sits within Rockingham Farms Logistics Park, a new 5.75 million-square-foot industrial park.
Britton Burdette, Matt Wirth, Dennis Mitchell, and Jim Freeman led a JLL Investment Sales and Advisory team.
“The Savannah industrial market continues to experience remarkable growth, driven by record cargo volumes at the Port, multimillion-dollar expansion projects in the area and extensive logistical connectivity,” Burdette said.
The post Scannell Spins Off Savannah Warehouse for $100.6M appeared first on Connect CRE.
Scannell Properties sold a 942,210-square-foot Savannah distribution center to Goldman Sachs Alternatives for $100.6 million. Rockingham Farms Building 9 is located at 125 Feldspar Drive. The property, built in 2023, is fully leased to four tenants. It features a 40-foot clear height, 185-foot truck court depth, 183 dock-high doors, ample trailer and auto parking, cross-dock …
The post Scannell Spins Off Savannah Warehouse for $100.6M appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Scannell Properties sold a 942,210-square-foot Savannah distribution center to Goldman Sachs Alternatives for $100.6 million. Rockingham Farms Building 9 is located at 125 Feldspar Drive. The property, built in 2023, is fully leased to four tenants. It features a 40-foot clear height, 185-foot truck court depth, 183 dock-high doors, ample trailer and auto parking, cross-dock …
The post Scannell Spins Off Savannah Warehouse for $100.6M appeared first on Connect CRE.
Buckhead Marriott In Special Servicing After Years Of Cash Flow Struggles
Buckhead Marriott In Special Servicing After Years Of Cash Flow Struggles
The owner of the Atlanta Marriott Buckhead Hotel & Conference Center appears to be throwing in the towel after taking years of body blows from the pandemic.
The owner of the Atlanta Marriott Buckhead Hotel & Conference Center appears to be throwing in the towel after taking years of body blows from the pandemic. Read MoreBisnow News Feed
The owner of the Atlanta Marriott Buckhead Hotel & Conference Center appears to be throwing in the towel after taking years of body blows from the pandemic.
CA Ventures Sells Newly Built Atlanta Apartment Tower For $119M
CA Ventures Sells Newly Built Atlanta Apartment Tower For $119M
An embattled Chicago developer parted ways with an apartment tower it recently completed in Midtown Atlanta.
CA Ventures has sold 903 Peachtree, a 427-unit, 33-story apartment building that opened last year, to fellow Chicago real estate firm Waterton, the buyer announced Thursday.
The price of the deal was $118.6M, which works out to roughly $278K per unit, the Atlanta Business Chronicle reported.
“The acquisition of 903 Peachtree is a great opportunity to leverage Waterton’s in-house operations platform to complete the lease-up of a new, well-amenitized high-rise,” Waterton Senior Vice President of Acquisitions Julie Heigel said in a statement.
That price represents a significant discount for a…
An embattled Chicago developer parted ways with an apartment tower it recently completed in Midtown Atlanta.
CA Ventures has sold 903 Peachtree, a 427-unit, 33-story apartment building that opened last year, to fellow Chicago real estate firm Waterton,… Read MoreBisnow News Feed
An embattled Chicago developer parted ways with an apartment tower it recently completed in Midtown Atlanta.
CA Ventures has sold 903 Peachtree, a 427-unit, 33-story apartment building that opened last year, to fellow Chicago real estate firm Waterton,…