Partners Real Estate names head of Southeast development
Partners Real Estate names head of Southeast development
York Murray will be based at the company’s Atlanta office.
York Murray will be based at the company’s Atlanta office. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
York Murray will be based at the company’s Atlanta office.
Partners Real Estate names head of Southeast development
Partners Real Estate names head of Southeast development
York Murray will be based at the company’s Atlanta office.
York Murray will be based at the company’s Atlanta office. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
York Murray will be based at the company’s Atlanta office.
Massive suburban Atlanta office portfolio slides into foreclosure
Massive suburban Atlanta office portfolio slides into foreclosure
It’s a reminder that distressed office properties are working their way through the financial system, potentially opening doors for new owners with capital to come in and revive or redevelop properties.
It’s a reminder that distressed office properties are working their way through the financial system, potentially opening doors for new owners with capital to come in and revive or redevelop properties. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
It’s a reminder that distressed office properties are working their way through the financial system, potentially opening doors for new owners with capital to come in and revive or redevelop properties.
Massive suburban Atlanta office portfolio slides into foreclosure
Massive suburban Atlanta office portfolio slides into foreclosure
It’s a reminder that distressed office properties are working their way through the financial system, potentially opening doors for new owners with capital to come in and revive or redevelop properties.
It’s a reminder that distressed office properties are working their way through the financial system, potentially opening doors for new owners with capital to come in and revive or redevelop properties. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
It’s a reminder that distressed office properties are working their way through the financial system, potentially opening doors for new owners with capital to come in and revive or redevelop properties.
Best Atlanta Neighborhood 2024, 1st round: (4) East ATL vs. (13) College Park
Best Atlanta Neighborhood 2024, 1st round: (4) East ATL vs. (13) College Park
Best Atlanta Neighborhood 2024, 1st round: (4) East ATL vs. (13) College Park
Josh Green
Mon, 12/16/2024 – 12:52
As part of ongoing Best of Atlanta 2024 coverage, Urbanize’s fourth-annual Best Atlanta Neighborhood tournament is kicking off with 16 places vying for the prestige of being called the city’s greatest. (Note: Seeding from 1 to 16 was determined by reader nominations this month—so no pitchforks, please.)
For each Round 1 contest, voting will be open for just 24 hours. Please, let’s keep the tourney fun and positive, as one neighborhood rises above the rest in very public fashion. The eliminations begin now!
…
(4) East Atlanta
ABV Gallery’s airy main interior space.Photography by Dave Roland; designs, Kronberg Urbanists + Architects
Usually a tough out in year-end neighborhood tournaments, East Atlanta garnered enough reader nominations this year to land a big-boy No. 4 seed. Which makes sense, given the buzz around several EAV projects this year (and what could have been the most rollicking East Atlanta Strut festival to date in September). Celebrated artist Greg Mike transformed a 1980s church in the village to a modern-gothic temple to creativity, while commendably old-school designs for mixed-use development on a small scale came to light on a vacant East Atlanta corner. Elsewhere, frequent village investors Pellerin Real Estate are bringing an infill project with dozens of new homes to a site where little more than a void in EAV’s vibrancy existed before. Not too shabby.
…
(13) College Park
The institute’s revised facade at 3605 Main St. in College Park today. The Promise Career Institute; photos by Noel Mayeske
Marking its first tourney appearance since 2022 (when it was unceremoniously booted in the first round by Howell Station), prideful College Park has traditionally fared better in these criteria-free contests, especially when haters rally around the fact it’s not a neighborhood but a city. (ITP cities are allowed, as always.) Development wins this year included a $40-million school renovation with tons of heart and purpose, The Promise Career Institute, which revived the former College Park High School to become a vocational launchpad. Previous nominators have described this contender best: “College Park is like a little Mayberry, but close to downtown… Diversity, arts, greenspace, affordability, accessibility, opportunity, amenities—we have all that plus a close-knit community that’s like family for myself and others who have been here for years.”
Best Atlanta Neighborhood 2024, 1st round: (4) East ATL vs. (13) College Park
Josh Green
Mon, 12/16/2024 – 12:52
As part of ongoing Best of Atlanta 2024 coverage, Urbanize’s fourth-annual Best Atlanta Neighborhood tournament is kicking off with 16 places vying for the prestige of being called the city’s greatest. (Note: Seeding from 1 to 16 was determined by reader nominations this month—so no pitchforks, please.)
For each Round 1 contest, voting will be open for just 24 hours. Please, let’s keep the tourney fun and positive, as one neighborhood rises above the rest in very public fashion. The eliminations begin now!
…
(4) East Atlanta
ABV Gallery’s airy main interior space.Photography by Dave Roland; designs, Kronberg Urbanists + Architects
Usually a tough out in year-end neighborhood tournaments, East Atlanta garnered enough reader nominations this year to land a big-boy No. 4 seed. Which makes sense, given the buzz around several EAV projects this year (and what could have been the most rollicking East Atlanta Strut festival to date in September). Celebrated artist Greg Mike transformed a 1980s church in the village to a modern-gothic temple to creativity, while commendably old-school designs for mixed-use development on a small scale came to light on a vacant East Atlanta corner. Elsewhere, frequent village investors Pellerin Real Estate are bringing an infill project with dozens of new homes to a site where little more than a void in EAV’s vibrancy existed before. Not too shabby.
…
(13) College Park
The institute’s revised facade at 3605 Main St. in College Park today. The Promise Career Institute; photos by Noel Mayeske
Marking its first tourney appearance since 2022 (when it was unceremoniously booted in the first round by Howell Station), prideful College Park has traditionally fared better in these criteria-free contests, especially when haters rally around the fact it’s not a neighborhood but a city. (ITP cities are allowed, as always.) Development wins this year included a $40-million school renovation with tons of heart and purpose, The Promise Career Institute, which revived the former College Park High School to become a vocational launchpad. Previous nominators have described this contender best: “College Park is like a little Mayberry, but close to downtown… Diversity, arts, greenspace, affordability, accessibility, opportunity, amenities—we have all that plus a close-knit community that’s like family for myself and others who have been here for years.”
Tags
Best of Atlanta 2024
Atlanta Neighborhoods
Where to Live Atlanta
Where to Rent Atlanta
Polls
Urbanize Polls
Urbanize Tournament
Best Atlanta Neighborhood
Best Atlanta Neighborhoods
Subtitle
Who should advance to the Elite Eight? Cast your vote now!
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Best Atlanta Neighborhood 2024, 1st round: (4) East ATL vs. (13) College Park
Josh Green
Mon, 12/16/2024 – 12:52
As part of ongoing Best of Atlanta 2024 coverage, Urbanize’s fourth-annual Best Atlanta Neighborhood tournament is kicking off with 16 places vying for the prestige of being called the city’s greatest. (Note: Seeding from 1 to 16 was determined by reader nominations this month—so no pitchforks, please.)
For each Round 1 contest, voting will be open for just 24 hours. Please, let’s keep the tourney fun and positive, as one neighborhood rises above the rest in very public fashion. The eliminations begin now!
…
(4) East Atlanta
ABV Gallery’s airy main interior space.Photography by Dave Roland; designs, Kronberg Urbanists + Architects
Usually a tough out in year-end neighborhood tournaments, East Atlanta garnered enough reader nominations this year to land a big-boy No. 4 seed. Which makes sense, given the buzz around several EAV projects this year (and what could have been the most rollicking East Atlanta Strut festival to date in September). Celebrated artist Greg Mike transformed a 1980s church in the village to a modern-gothic temple to creativity, while commendably old-school designs for mixed-use development on a small scale came to light on a vacant East Atlanta corner. Elsewhere, frequent village investors Pellerin Real Estate are bringing an infill project with dozens of new homes to a site where little more than a void in EAV’s vibrancy existed before. Not too shabby.
…
(13) College Park
The institute’s revised facade at 3605 Main St. in College Park today. The Promise Career Institute; photos by Noel Mayeske
Marking its first tourney appearance since 2022 (when it was unceremoniously booted in the first round by Howell Station), prideful College Park has traditionally fared better in these criteria-free contests, especially when haters rally around the fact it’s not a neighborhood but a city. (ITP cities are allowed, as always.) Development wins this year included a $40-million school renovation with tons of heart and purpose, The Promise Career Institute, which revived the former College Park High School to become a vocational launchpad. Previous nominators have described this contender best: “College Park is like a little Mayberry, but close to downtown… Diversity, arts, greenspace, affordability, accessibility, opportunity, amenities—we have all that plus a close-knit community that’s like family for myself and others who have been here for years.”
Tags
Best of Atlanta 2024
Atlanta Neighborhoods
Where to Live Atlanta
Where to Rent Atlanta
Polls
Urbanize Polls
Urbanize Tournament
Best Atlanta Neighborhood
Best Atlanta Neighborhoods
Subtitle
Who should advance to the Elite Eight? Cast your vote now!
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Before/After Images
Sponsored Post
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70K-SF NC Shopping Center Flips to Ziff
70K-SF NC Shopping Center Flips to Ziff
The Camfield Corners shopping center in south Charlotte has sold for $11.2 million. Camfield purchased the center in 2015 for $11.8 million.
Ziff Real Estate Partners bought the nearly 70,000-square-foot center at 11535 Elm Lane, situated between the StoneCrest at Piper Glen shopping center and Ballantyne, on a 9.7-acre parcel.
The Planet Fitness-anchored center was 100% leased at the time of the sale. It’s also home to Goodwill, Lotus Café, Hungry Howie’s Pizza, a ballroom dance studio, a nail salon and other services.
Wells Herndon, Wesley Fricks, William Hatcher and Carter Dickinson with Simpson Commercial Real Estate Partners facilitated the deal.
Ziff Real Estate Partners also owns and operates Matthews Festival Shopping Center in Matthews, Carolina Crossing in Indian Land and Turnberry Crossing in Cornelius.
The post 70K-SF NC Shopping Center Flips to Ziff appeared first on Connect CRE.
The Camfield Corners shopping center in south Charlotte has sold for $11.2 million. Camfield purchased the center in 2015 for $11.8 million. Ziff Real Estate Partners bought the nearly 70,000-square-foot center at 11535 Elm Lane, situated between the StoneCrest at Piper Glen shopping center and Ballantyne, on a 9.7-acre parcel. The Planet Fitness-anchored center was …
The post 70K-SF NC Shopping Center Flips to Ziff appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
The Camfield Corners shopping center in south Charlotte has sold for $11.2 million. Camfield purchased the center in 2015 for $11.8 million. Ziff Real Estate Partners bought the nearly 70,000-square-foot center at 11535 Elm Lane, situated between the StoneCrest at Piper Glen shopping center and Ballantyne, on a 9.7-acre parcel. The Planet Fitness-anchored center was …
The post 70K-SF NC Shopping Center Flips to Ziff appeared first on Connect CRE.
Leon Closes Financing on Morrisville Apartment Project
Leon Closes Financing on Morrisville Apartment Project
Leon Capital Group secured $58 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was the lender for the Raleigh/Durham area project at 3000 Bearing Way.
David Cocanougher, President of Leon Multifamily, added, “We believe the window to realize lower construction costs and deliver into a lower new supply environment is quickly closing, making our ability to execute these transactions with speed and certainty all the more important. We remain committed to strategically growing our portfolio despite these tough market conditions.”
The company recently closed on two other construction loans: a $41.5 million from Alerus Financial at 3340 E. Warner Road, in Gilbert, AZ and a $33.5 million loan from Broadway Bank for a multifamily development at Heritage Parkway and Miller Road in Mansfield, TX.
Over the past two years, Leon has initiated or completed nearly 2,300 units across seven developments. Since its inception, it has financed, developed, and sold more than 12,000 units.
The post Leon Closes Financing on Morrisville Apartment Project appeared first on Connect CRE.
Leon Capital Group secured $58 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was the lender for the Raleigh/Durham area project at 3000 Bearing Way. David Cocanougher, President of Leon Multifamily, added, “We believe the window to realize lower construction costs and deliver into a lower new supply environment …
The post Leon Closes Financing on Morrisville Apartment Project appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Leon Capital Group secured $58 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was the lender for the Raleigh/Durham area project at 3000 Bearing Way. David Cocanougher, President of Leon Multifamily, added, “We believe the window to realize lower construction costs and deliver into a lower new supply environment …
The post Leon Closes Financing on Morrisville Apartment Project appeared first on Connect CRE.
Major factory redevelopment brewing near Atlanta airport, I-85
Major factory redevelopment brewing near Atlanta airport, I-85
Major factory redevelopment brewing near Atlanta airport, I-85
Josh Green
Mon, 12/16/2024 – 08:04
A planned factory redevelopment that could have major economic implications for ITP cities near Atlanta’s airport is starting to rumble to life.
City of East Point officials recently announced they’ve partnered with McDonald Development Co. to transform a long-shuttered glass bottle manufacturing facility at 3107 Sylvan Road into a variety of uses, including a jobs hub.
The 55-acre property, formerly home to Owens-Illinois Inc., includes 800,000 square feet of empty industrial space today. But according to city officials, existing structures are in unsafe condition and will have to be cleared before development can move forward, though some features of the site will be retained.
Owens-Illinois, the world’s largest glass container manufacturer and a partner for many top food and beverage brands, closed its Atlanta plant in 2018, which had employed 250 people. The site’s been idle since.
The 3107 Sylvan Road site in relation to Hartsfield-Jackson Atlanta International Airport. Google Maps
Entry to the former Owens-Illinois plant, as seen last month. Google Maps
The location today counts “exceptional accessibility” being adjacent to Interstate 85 and within a few minutes of Hartsfield-Jackson Atlanta International Airport—selling points for a potential development with regional impact, per the city.
The old plant is immediately south of a large new covered airport parking facility along Sylvan Road, with Hapeville’s city limits across the street.
The potential redevelopment is just entering conceptual phases now, but East Point’s vision generally calls for a lively mixed-use hub with an emphasis on technology and creative industry uses.
Other aspects could include a mix of housing options for both long and short-term stays, hotel space, greenspaces, and a communal public area that would function as “a destination for entertainment, dining, and shopping, attracting both local and regional visitors,” per East Point’s announcement.
Overview of how the 55-acre East Point property could be reused. City of East Point/FB
McDonald’s development team plans to work with officials in both East Point and Hapeville while hosting public meetings to gather community input that will help shape the site’s future, per East Point city leadership.
McDonald, which is based in Atlanta with offices dotted around the Southeast, has developed more than 50 million square feet of real estate. Around Atlanta, the bulk of that has been office parks and shipping facilities, according to the company’s portfolio.
In terms of next steps, city officials say demolition plans will be put forward soon to take down hazardous structures at the factory site while keeping “key historical elements” intact.
Plans then call for refining the redevelopment vision over the next eight to 12 months.
Condition of the site today, next to Sylvan Road. Google Maps
…
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The 3107 Sylvan Road site in relation to Hartsfield-Jackson Atlanta International Airport. Google Maps
Overview of how the 55-acre East Point property could be reused. City of East Point/FB
Entry to the former Owens-Illinois plant, as seen last month. Google Maps
Condition of the site today, next to Sylvan Road. Google Maps
Major factory redevelopment brewing near Atlanta airport, I-85
Josh Green
Mon, 12/16/2024 – 08:04
A planned factory redevelopment that could have major economic implications for ITP cities near Atlanta’s airport is starting to rumble to life.
City of East Point officials recently announced they’ve partnered with McDonald Development Co. to transform a long-shuttered glass bottle manufacturing facility at 3107 Sylvan Road into a variety of uses, including a jobs hub.
The 55-acre property, formerly home to Owens-Illinois Inc., includes 800,000 square feet of empty industrial space today. But according to city officials, existing structures are in unsafe condition and will have to be cleared before development can move forward, though some features of the site will be retained.
Owens-Illinois, the world’s largest glass container manufacturer and a partner for many top food and beverage brands, closed its Atlanta plant in 2018, which had employed 250 people. The site’s been idle since.
The 3107 Sylvan Road site in relation to Hartsfield-Jackson Atlanta International Airport. Google Maps
Entry to the former Owens-Illinois plant, as seen last month. Google Maps
The location today counts “exceptional accessibility” being adjacent to Interstate 85 and within a few minutes of Hartsfield-Jackson Atlanta International Airport—selling points for a potential development with regional impact, per the city.
The old plant is immediately south of a large new covered airport parking facility along Sylvan Road, with Hapeville’s city limits across the street.
The potential redevelopment is just entering conceptual phases now, but East Point’s vision generally calls for a lively mixed-use hub with an emphasis on technology and creative industry uses.
Other aspects could include a mix of housing options for both long and short-term stays, hotel space, greenspaces, and a communal public area that would function as “a destination for entertainment, dining, and shopping, attracting both local and regional visitors,” per East Point’s announcement.
Overview of how the 55-acre East Point property could be reused. City of East Point/FB
McDonald’s development team plans to work with officials in both East Point and Hapeville while hosting public meetings to gather community input that will help shape the site’s future, per East Point city leadership.
McDonald, which is based in Atlanta with offices dotted around the Southeast, has developed more than 50 million square feet of real estate. Around Atlanta, the bulk of that has been office parks and shipping facilities, according to the company’s portfolio.
In terms of next steps, city officials say demolition plans will be put forward soon to take down hazardous structures at the factory site while keeping “key historical elements” intact.
Plans then call for refining the redevelopment vision over the next eight to 12 months.
Condition of the site today, next to Sylvan Road. Google Maps
…
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Twitter / Facebook/and now: Instagram
• College Park, East Point news, discussion (Urbanize Atlanta)
Tags
3107 Sylvan Road
East Point
City of East Point
Atlanta Airport
Interstate 85
Southside
ITP
Industrial Land
Hapeville
McDonald Development Co.
Hartsfield-Jackson Atlanta International Airport
Owens-Illinois
Images
The 3107 Sylvan Road site in relation to Hartsfield-Jackson Atlanta International Airport. Google Maps
Overview of how the 55-acre East Point property could be reused. City of East Point/FB
Entry to the former Owens-Illinois plant, as seen last month. Google Maps
Condition of the site today, next to Sylvan Road. Google Maps
Subtitle
Vision in East Point calls for remaking long-shuttered plant into variety of uses
Neighborhood
College Park/East Point
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Major factory redevelopment brewing near Atlanta airport, I-85
Josh Green
Mon, 12/16/2024 – 08:04
A planned factory redevelopment that could have major economic implications for ITP cities near Atlanta’s airport is starting to rumble to life.
City of East Point officials recently announced they’ve partnered with McDonald Development Co. to transform a long-shuttered glass bottle manufacturing facility at 3107 Sylvan Road into a variety of uses, including a jobs hub.
The 55-acre property, formerly home to Owens-Illinois Inc., includes 800,000 square feet of empty industrial space today. But according to city officials, existing structures are in unsafe condition and will have to be cleared before development can move forward, though some features of the site will be retained.
Owens-Illinois, the world’s largest glass container manufacturer and a partner for many top food and beverage brands, closed its Atlanta plant in 2018, which had employed 250 people. The site’s been idle since.
The 3107 Sylvan Road site in relation to Hartsfield-Jackson Atlanta International Airport. Google Maps
Entry to the former Owens-Illinois plant, as seen last month. Google Maps
The location today counts “exceptional accessibility” being adjacent to Interstate 85 and within a few minutes of Hartsfield-Jackson Atlanta International Airport—selling points for a potential development with regional impact, per the city.
The old plant is immediately south of a large new covered airport parking facility along Sylvan Road, with Hapeville’s city limits across the street.
The potential redevelopment is just entering conceptual phases now, but East Point’s vision generally calls for a lively mixed-use hub with an emphasis on technology and creative industry uses.
Other aspects could include a mix of housing options for both long and short-term stays, hotel space, greenspaces, and a communal public area that would function as “a destination for entertainment, dining, and shopping, attracting both local and regional visitors,” per East Point’s announcement.
Overview of how the 55-acre East Point property could be reused. City of East Point/FB
McDonald’s development team plans to work with officials in both East Point and Hapeville while hosting public meetings to gather community input that will help shape the site’s future, per East Point city leadership.
McDonald, which is based in Atlanta with offices dotted around the Southeast, has developed more than 50 million square feet of real estate. Around Atlanta, the bulk of that has been office parks and shipping facilities, according to the company’s portfolio.
In terms of next steps, city officials say demolition plans will be put forward soon to take down hazardous structures at the factory site while keeping “key historical elements” intact.
Plans then call for refining the redevelopment vision over the next eight to 12 months.
Condition of the site today, next to Sylvan Road. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• College Park, East Point news, discussion (Urbanize Atlanta)
Tags
3107 Sylvan Road
East Point
City of East Point
Atlanta Airport
Interstate 85
Southside
ITP
Industrial Land
Hapeville
McDonald Development Co.
Hartsfield-Jackson Atlanta International Airport
Owens-Illinois
Images
The 3107 Sylvan Road site in relation to Hartsfield-Jackson Atlanta International Airport. Google Maps
Overview of how the 55-acre East Point property could be reused. City of East Point/FB
Entry to the former Owens-Illinois plant, as seen last month. Google Maps
Condition of the site today, next to Sylvan Road. Google Maps
Subtitle
Vision in East Point calls for remaking long-shuttered plant into variety of uses
Neighborhood
College Park/East Point
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Before/After Images
Sponsored Post
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Industrial Facility in Duluth Changes Hands
Industrial Facility in Duluth Changes Hands
A 169,252-square-foot industrial facility in Duluth has been sold.
JLL, in partnership with Hailey Realty Company, represented the seller in the sale to Foxfield, a Boston-based real estate company.
The property at 3059 Premiere Parkway is leased to a technology company, which will occupy the space under a new six-year, triple-net lease, according to an announcement. The tenant can maintain operations at the location while unlocking capital from the real estate asset.
The facility is located on 12.33 acres near Interstate 85 and Highway 23.
“We are excited to add 3059 Premiere Parkway to our portfolio,” Foxfield partner Shawn Hawthorne said in a statement. “The property’s strategic location and connectivity to major highways and economic hubs in metro Atlanta make it a highly valuable asset. This acquisition marks our 14th for this fund and further strengthens our expansion in the Southeast, as we continue to focus on high-quality industrial and R&D assets.”
The JLL Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Matt Wirth and Britton Burdette and Director Jim Freeman. The Hailey Realty team was led by Howard Boyd and John Crawford.
Keep up with What Now Atlanta’s restaurant, retail, and real estate scoop by subscribing to our newsletter, liking us on Facebook, and following us on Twitter. Opening a restaurant? Browse our Preferred Partners.
Real Estate, Britton Burdette, Dennis Mitchell, Duluth, Foxfield, Hailey Realty Company, Howard Boyd, Jim Freeman, JLL, John Crawford, Matt Wirth, Shawn Hawthorne The property is fully leased to a technology company. Read MoreWhat Now AtlantaReal Estate – What Now Atlanta
The property is fully leased to a technology company.
As World Cup looms, another downtown hotel project moves forward
As World Cup looms, another downtown hotel project moves forward
As World Cup looms, another downtown hotel project moves forward
Josh Green
Fri, 12/13/2024 – 16:35
Downtown Atlanta’s flurry of high-rise hotel construction in advance of the 2026 FIFA World Cup shows few signs of slowing down.
Developers filed for permits this week to start building a Residence Inn By Marriott on a vacant downtown corner near several marquee attractions where a hotel has been envisioned for more than five years.
Filings with the City of Atlanta’s Department of City Planning mark the first permitting activity for the 355 Centennial Olympic Park Drive site since early 2023.
The project, which would overlook Centennial Olympic Park, came to market in August as a package deal for the land and permitted hotel plans, asking $14.5 million. The current project owner is listed in city records as Soneri Investment Group, a boutique, private real estate investment firm based in Texas.
Located diagonal from downtown’s signature park, the .8-acre site is a former gravel parking lot that’s been fenced-off and used sparingly for several years. Plans approved by the City of Atlanta call for the 14-story building to include 188 rooms, with guests housed on the top nine floors.
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
The location is a mile from Mercedes-Benz Stadium, where World Cup matches will be played, and many of its hotel rooms would overlook the Georgia Aquarium, National Center for Civil and Human Rights, World of Coca-Cola, and other downtown draws.
The Residence Inn’s bottom five stories would be used for 129 parking spaces and electric-vehicle charging stations, all wrapped in a perforated screen, according to Niles Bolton Associates, the Atlanta-based architecture firm behind interior, exterior, and landscape designs. Other aspects would include a third-party bar and restaurant space at street level, a pool deck over Ivan Allen Jr. Boulevard, and a terrace with views across Centennial Olympic Park.
High End Investments, a Houston-based developer, applied for building permits with the city in early 2023 for the Residence Inn but apparently backed away from developing it. It would have marked the company’s first project in Atlanta.
High End paid $3.8 million for the parcel, which had traded for $10.5 million in pre-recession 2008, according to Fulton County property records. A 10-story Candlewood Suites was once briefly floated for the same corner site, but the COVID-19 pandemic squashed those plans.
Located diagonal from the park’s north end, near Georgia Aquarium, the hotel building would stand three stories shorter than the 17-story, 336-unit Generation Atlanta apartments next door, which finished construction in summer 2020.
According to Niles Bolton’s project description, designs for the Residence Inn are meant to strike “a balance between playfulness and sophistication,” with “décor [that] is crisp and modern, emphasizing earth tones and natural textures and materials like stone, concrete, and hardwood.”
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
The Residence Inn, should it move forward as planned, would join several hospitality ventures recently delivered or in the works near downtown’s signature park.
The 22-story Margaritaville resort condo building by Wyndham Destinations, also fronting Centennial Olympic Park Drive, opened in 2022 with 200 suites and two floors of retail near SkyView Atlanta. The Signia by Hilton project delivered almost 1,000 hotel rooms earlier this year, and Centennial Yards expects to finish its 229-room Anthem hotel sometime in 2025. Also near the Georgia Aquarium, the Moxy Centennial Olympic Park project—a 10-story, 183-room property—is scheduled open in the second quarter of 2026. It’s fully under construction now along Marietta Street.
Find more Residence Inn site context and the latest available images in the gallery above.
Marcus & Millichap
…
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Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
Marcus & Millichap
How the project would meet the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard.Niles Bolton Associates; via Marcus & Millichap
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
Marcus & Millichap
As World Cup looms, another downtown hotel project moves forward
Josh Green
Fri, 12/13/2024 – 16:35
Downtown Atlanta’s flurry of high-rise hotel construction in advance of the 2026 FIFA World Cup shows few signs of slowing down.
Developers filed for permits this week to start building a Residence Inn By Marriott on a vacant downtown corner near several marquee attractions where a hotel has been envisioned for more than five years.
Filings with the City of Atlanta’s Department of City Planning mark the first permitting activity for the 355 Centennial Olympic Park Drive site since early 2023.
The project, which would overlook Centennial Olympic Park, came to market in August as a package deal for the land and permitted hotel plans, asking $14.5 million. The current project owner is listed in city records as Soneri Investment Group, a boutique, private real estate investment firm based in Texas.
Located diagonal from downtown’s signature park, the .8-acre site is a former gravel parking lot that’s been fenced-off and used sparingly for several years. Plans approved by the City of Atlanta call for the 14-story building to include 188 rooms, with guests housed on the top nine floors.
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
The location is a mile from Mercedes-Benz Stadium, where World Cup matches will be played, and many of its hotel rooms would overlook the Georgia Aquarium, National Center for Civil and Human Rights, World of Coca-Cola, and other downtown draws.
The Residence Inn’s bottom five stories would be used for 129 parking spaces and electric-vehicle charging stations, all wrapped in a perforated screen, according to Niles Bolton Associates, the Atlanta-based architecture firm behind interior, exterior, and landscape designs. Other aspects would include a third-party bar and restaurant space at street level, a pool deck over Ivan Allen Jr. Boulevard, and a terrace with views across Centennial Olympic Park.
High End Investments, a Houston-based developer, applied for building permits with the city in early 2023 for the Residence Inn but apparently backed away from developing it. It would have marked the company’s first project in Atlanta.
High End paid $3.8 million for the parcel, which had traded for $10.5 million in pre-recession 2008, according to Fulton County property records. A 10-story Candlewood Suites was once briefly floated for the same corner site, but the COVID-19 pandemic squashed those plans.
Located diagonal from the park’s north end, near Georgia Aquarium, the hotel building would stand three stories shorter than the 17-story, 336-unit Generation Atlanta apartments next door, which finished construction in summer 2020.
According to Niles Bolton’s project description, designs for the Residence Inn are meant to strike “a balance between playfulness and sophistication,” with “décor [that] is crisp and modern, emphasizing earth tones and natural textures and materials like stone, concrete, and hardwood.”
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
The Residence Inn, should it move forward as planned, would join several hospitality ventures recently delivered or in the works near downtown’s signature park.
The 22-story Margaritaville resort condo building by Wyndham Destinations, also fronting Centennial Olympic Park Drive, opened in 2022 with 200 suites and two floors of retail near SkyView Atlanta. The Signia by Hilton project delivered almost 1,000 hotel rooms earlier this year, and Centennial Yards expects to finish its 229-room Anthem hotel sometime in 2025. Also near the Georgia Aquarium, the Moxy Centennial Olympic Park project—a 10-story, 183-room property—is scheduled open in the second quarter of 2026. It’s fully under construction now along Marietta Street.
Find more Residence Inn site context and the latest available images in the gallery above.
Marcus & Millichap
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Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
Marcus & Millichap
How the project would meet the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard.Niles Bolton Associates; via Marcus & Millichap
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
Marcus & Millichap
Subtitle
Residence Inn by Marriott files construction plans for vacant corner near Centennial Olympic Park
Neighborhood
Downtown
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Residence Inn by Marriott – Centennial Park
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As World Cup looms, another downtown hotel project moves forward
Josh Green
Fri, 12/13/2024 – 16:35
Downtown Atlanta’s flurry of high-rise hotel construction in advance of the 2026 FIFA World Cup shows few signs of slowing down.
Developers filed for permits this week to start building a Residence Inn By Marriott on a vacant downtown corner near several marquee attractions where a hotel has been envisioned for more than five years.
Filings with the City of Atlanta’s Department of City Planning mark the first permitting activity for the 355 Centennial Olympic Park Drive site since early 2023.
The project, which would overlook Centennial Olympic Park, came to market in August as a package deal for the land and permitted hotel plans, asking $14.5 million. The current project owner is listed in city records as Soneri Investment Group, a boutique, private real estate investment firm based in Texas.
Located diagonal from downtown’s signature park, the .8-acre site is a former gravel parking lot that’s been fenced-off and used sparingly for several years. Plans approved by the City of Atlanta call for the 14-story building to include 188 rooms, with guests housed on the top nine floors.
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
The location is a mile from Mercedes-Benz Stadium, where World Cup matches will be played, and many of its hotel rooms would overlook the Georgia Aquarium, National Center for Civil and Human Rights, World of Coca-Cola, and other downtown draws.
The Residence Inn’s bottom five stories would be used for 129 parking spaces and electric-vehicle charging stations, all wrapped in a perforated screen, according to Niles Bolton Associates, the Atlanta-based architecture firm behind interior, exterior, and landscape designs. Other aspects would include a third-party bar and restaurant space at street level, a pool deck over Ivan Allen Jr. Boulevard, and a terrace with views across Centennial Olympic Park.
High End Investments, a Houston-based developer, applied for building permits with the city in early 2023 for the Residence Inn but apparently backed away from developing it. It would have marked the company’s first project in Atlanta.
High End paid $3.8 million for the parcel, which had traded for $10.5 million in pre-recession 2008, according to Fulton County property records. A 10-story Candlewood Suites was once briefly floated for the same corner site, but the COVID-19 pandemic squashed those plans.
Located diagonal from the park’s north end, near Georgia Aquarium, the hotel building would stand three stories shorter than the 17-story, 336-unit Generation Atlanta apartments next door, which finished construction in summer 2020.
According to Niles Bolton’s project description, designs for the Residence Inn are meant to strike “a balance between playfulness and sophistication,” with “décor [that] is crisp and modern, emphasizing earth tones and natural textures and materials like stone, concrete, and hardwood.”
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
The Residence Inn, should it move forward as planned, would join several hospitality ventures recently delivered or in the works near downtown’s signature park.
The 22-story Margaritaville resort condo building by Wyndham Destinations, also fronting Centennial Olympic Park Drive, opened in 2022 with 200 suites and two floors of retail near SkyView Atlanta. The Signia by Hilton project delivered almost 1,000 hotel rooms earlier this year, and Centennial Yards expects to finish its 229-room Anthem hotel sometime in 2025. Also near the Georgia Aquarium, the Moxy Centennial Olympic Park project—a 10-story, 183-room property—is scheduled open in the second quarter of 2026. It’s fully under construction now along Marietta Street.
Find more Residence Inn site context and the latest available images in the gallery above.
Marcus & Millichap
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Tags
355 Centennial Olympic Park Drive NW
Residence Inn by Marriott
Niles Bolton Associates
Generation Atlanta
Kaplan Residential
Hardam Hotels
Teachers Village
Atlanta Hotels
Centennial Olympic Park
Georgia Aquarium
Atlanta Development
Downtown Development
High End Investment
RIBM
Marcus & Millichap
Images
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
Marcus & Millichap
How the project would meet the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard.Niles Bolton Associates; via Marcus & Millichap
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
Marcus & Millichap
Subtitle
Residence Inn by Marriott files construction plans for vacant corner near Centennial Olympic Park
Neighborhood
Downtown
Background Image
Image
Associated Project
Residence Inn by Marriott – Centennial Park
Before/After Images
Sponsored Post
Off