6:00 p.m. - 8:30 p.m.
Please join the Young Leaders Group as we explore the benefits of preserving architecturally significant buildings. Our panel will discuss how developments that integrate distinctive and historic structures create a unique sense of place, improve a neighborhood’s quality of life, and provide the opportunity for a sound investment.
The panelists represent a variety of perspectives, including development, design, and regulation. Successful projects will be highlighted, and the financial implications of restoration versus demolition will be addressed.
Cocktails and hors d’oeuvres will be served before and after the panel discussion.
LOCATION The Hurt Building - 16th Floor
50 Hurt Plaza
Atlanta, Georgia 30303
404-665-2207
Event space generously provided by:
Harbor Group Management Company
DIRECTIONS
Validated parking is available at the Hurt Plaza Garage. Please bring your parking ticket inside for validation.
Traveling SOUTH on I-75/I-85: Take Exit 249A (Courtland Street) and stay on Courtland for approximately 2/3 miles. Turn RIGHT onto Edgewood Avenue. Drive two blocks and make a LEFT onto Hurt Plaza and into the garage. The Hurt Building is adjacent to the garage.
Traveling NORTH on I-75/I-85: Take Exit #248B (Edgewood Avenue) and turn LEFT on Edgewood. Continue on Edgewood for approximately 1/2 mile, and make a LEFT onto Hurt Plaza and into the garage. The Hurt Building is adjacent to the garage.
MARTA: Take the East/West or North/South line to the Five Points Station and exit at Peachtree Street. Walk two blocks north to Edgewood Avenue and turn RIGHT. The Hurt Building will be one block ahead on the right at the corner of Hurt Plaza.
I would like to invite you to an Urban Land Institute event titled “The Future of Brookhaven” on Wednesday May 14th from 6 - 8:30pm.
I am the moderator for this event and your attendance would be greatly appreciated. The event will be run by the Atlanta chapter of The Urban Land Institute, a non profit promoting smart growth and intelligent urban design.
We are expecting a great turn out of 150-200 guests , but since I helped plan this event, the more friends of mine the better!
Who would think you could pull off such a successful event in only a few weeks time? I am a procrastinator of legendary status but this is ridiculous! For those of you who didn’t attend last weeks ReTech South Conference, you really missed out on a great event! Kudos to Brad Nix and Matt Fagioli. Even Blogging Legend Dustin Luther showed up.
My Thoughts: Start Blogging Today…If you haven’t started Blogging and are using any other forms of internet marketing, I think you should do some research on the subject. Actually don’t waste your time, here is all the research you need: Google diggs Blogs, People digg Google. With as many people blogging out there… I think it is time I start researching Real Estate 3.0 in order to get ahead of the curve for next years ReTechSouth.com conference.
Check out Everything you missed at ReTechSouth.com and here are some of the other reviews:
Once again the Young Leaders Group of ULI Atlanta has put on a great event with interesting panel discussion. The event was held on the third floor of the posh Midtown eatery Trois located in 1180 Peachtree. The sell out crowd of around 200 enjoyed great finger foods from the kitchen and networking before the panel discussion.
The moderator for the panel was Maranda Walker-Dowell – Senior Director | CB Richard Ellis – Retail Services
PANELISTS:
Bob Amick – Restaurateur, Managing Partner | Concentrics Restaurants
Adam Schwegman - Restaurant Leasing Rep | Cousins Properties Steve Tedder – Project Manager | Barry Real Estate Companies
What are the design and development challenges in mixed use projects, especially vertically integrated projects with residential or office?
Adam Schwegman: Parking and the management of things like parking, 2,700 cars a week valet at Terminus. Retrofitting a Bank into a restaurant space at 191 Peachtree and the costs difference of preplanning for a restaurant vs. retrofitting. Steve Tedder: Provision that prevents valet parking in front of restaurant on the street must go around to a parking deck, HVAC chillers run during business hours, so you have to have separate flow through systems for the weekends and at night. Security after hours, Parking, Good street presence.
How does process of luring a restaurant to the project affect the master plan?
Bob Amick: Are Atlanta diners ready to go as far downtown as Cousins 191 project?
Deal structure and lease structure question toward Bob Amick: some of the top restaurateurs will either own or contract to manage the restaurant.
What is the difference? In your opinion what is the better choice?
Bob Amick: Anytime you can use someone else’s money it is a better choice!!!
50% of our business these days is concept development and then management (Novare Lobby, Scott’s downtown, Murphy’s virgina highlands all developed and managed for other people)
Trois cost close over 7 million dollars to develop and build out.
Nobody is building a 6000-7000 sq ft restaurant for less than 2.5 Million!
Keeping total occupancy costs under 6% of gross sales one of the keys to success. (more…)
As you will have noticed, much of the necessary earthwork for TOWN/Brookhaven is nearing completion. This phase includes: Clearing land, grading, installation of infrastructure, and the installation of sanitary sewer, water lines and storm water lines. In addition, the Tindell Corporation is designing and fabricating the pre-cast structural system for one of the large buildings off-site, and this will reduce the on-site construction duration.
Fresh Fence Banner: Design and fabrication of a new construction fence banner is underway and will be installed in early April. Look for fresh colors and sophisticated graphics! Vertical Construction to Begin in Early Spring
Sembler anticipates that the construction of TOWN/Brookhaven’s three-level parking deck will commence in late March/early April. The Tindell Corporation is fabricating its structural system off-site as well.
Savoy at TOWN/Brookhaven
The Columns Group, Inc. and Monte Hewett Homes will be building luxury town homes with architectural themes inspired by - and designed to complement - the architecture of nearby Oglethorpe University. The development will be known as Savoy at TOWN/Brookhaven and is part of the overall TOWN/Brookhaven development. The project’s entrance is located off of Hermance Drive with property boundaries adjacent to Crosswycke Forest and portions of the Chalfont Subdivision. Infrastructure on the project is near completion; the streets are scheduled to be paved by mid-March. Vertical construction is slated to begin by mid-Summer 2008, while the finished homes will be ready in Spring 2009. The goal is to start on the entrance hardscape shortly after the start of the vertical construction, and the entrance landscaping and the 50-ft. buffer planting will follow close behind the hardscape installation. Paces Ferry Realty will be coordinating sales and marketing of the project, and marketing information will be available within the coming months. Tell your friends!
Ok… I’m kidding of course, but a follow up article in the AJC today only cemented the gloomy outlook for the proposed Beltline. Here are a few of the interesting quotes:
Woodham, the 41-year-old real estate lawyer who brought the lawsuit, declined to be interviewed Monday. He e-mailed a statement: “I am pleased with the Court’s unanimous decision, affirming the very clear constitutional restriction on the use of school tax funds in the State of Georgia. Based on the statements of BeltLine officials, the project will move forward, financed through alternative means. I look forward to a successful project.”
Who is this Grinch that has possibly pulled the rug out from under the beltline? And what is his motivation? Here is a great article by Creative Loafing giving a few quotes from Woodham.
The ruling rocked other local development officials. “It’s devastating,” said Hal Barry, whose company, Barry Real Estate, is the lead developer at Allen Plaza, an eight-block project near the Georgia Aquarium. “To get this kind of a low blow is really . . . I’m speechless. I can’t think it through yet.”
Disappointed Says: February 11th, 2008 at 1:17 pm I seriously wonder if Mr. Woodham or anyone else who claims to be so concerned about the Atl Public School System sent their kids to ANY public schools. In addition, Mr. Woodham lives in a nice, cushy area of town where they have sidewalks and curbs….
Here is an email that went out from Terri Montague to Beltline TADAC members on Monday:
From: “Terri Montague”
To: [redacted]
Subject: GA Supreme Court Ruling - Update
Date: Mon, 11 Feb 2008 11:18:07 +0000
The Georgia Supreme Court on Monday ruled that school property tax money cannot be used to fund Atlanta’s Beltline project, a potentially major blow to the effort to build a loop of transit, trails and parks around the city’s core.
The unanimous decision is a victory for Buckhead lawyer John Woodham, who in 2006 filed a lawsuit claiming the Beltline’s funding mechanism was illegal. He argued that the state constitution explicitly forbade school taxes from being used for non-educational purposes.In an opinion released Monday morning, the court cited two earlier rulings, including a 1994 decision which held that DeKalb County school tax revenue couldn’t be used to pay for a nearby road project.So, the court ruled, “it follows that school taxes cannot be used to fund the Beltline Plan which provides a benefit to all citizens, and which has little, if any, nexus to the actual operation of public schools in the city of Atlanta.”
More than $850 million in school property taxes are projected to be spent on the Beltline during the next 25 years…..Click here for the Full AJC Article
By PAUL DONSKY
The Atlanta Journal-Constitution
Published on: 02/11/08
I had an egg sandwich this weekend with an oncologist who asked for a meeting so he could roll out a dozen ways to revolutionize the real estate industry. Just as the conversation was drifting toward other topics, including my love for beagles and their role in his medical experiments, he made one final proposal: web-controlled lockboxes for self-service home tours.
A traditional lockbox is how real estate agents access properties for sale, entering a code issued by the Multiple Listing Service. This lockbox is the main problem with an online business model, as it is expensive for us to hire field agents who can open the lockbox just to show the property, and we would rather have those folks focusing on what Redfin agents do best…..
Click Here for the rest of the story from Redfin.com
My thoughts: As crazy of an idea as this sounds, if enough saftey measures were put into place, I could see this catching on in some capacity. Things such as EBay & PayPal style bank verification/linking software, biometric, credit card deposits, etc. etc. could be argued are more stringent than GA licensing standards and thus the Supra Lockbox rules and requirements.
Ok… I’m kidding of course, but a follow up 
I had an egg sandwich this weekend with an oncologist who asked for a meeting so he could roll out a dozen ways to revolutionize the real estate industry. Just as the conversation was drifting toward other topics, including my love for beagles and their role in his medical experiments, he made one final proposal: web-controlled lockboxes for self-service home tours.
