Click here for a full list of current projects in the midtown area. This list includes pictures of each project, square footage, floors, number of units, developer names and building hieght for the entire midtown condo market.
Canton / Cherokee makes Globe St. news for $500 Million worth of development
Globe St.com provides in-depth and breaking commercial real estate news around the clock in major and secondary markets throughout the country. Yesterday, Cherokee County and…
According to several news sources Gwinnett County Developer Wayne Mason who owns the entire Northeast corridor of the beltline along with his Beltline partnership group have pulled their rezoning application from the city. In my opinion this is a huge loss for all of the citizens of the City of Atlanta.
The funny thing is with my experiences earlier this year this whole story comes as No surprise to me. Every meeting I attended furthers the comments by Roy Barnes about the City being asleep at the wheel. Imagine it… A sharp business man thinking he could come in and actually get something done???
Not gonna happen in Atlanta. No Sir!
Can we say Peter Principle?
More recent stories about the Beltline:
“He’s just like any developer,” Coyle fumes. “He makes threats, but he won’t carry through with them. It’s the [Atlanta] City Council that will say what’s appropriate. They’ll come up with some middle ground.”
Giles- I guess not Ms Liz Coyle, vice chairwoman of NPU-F Click Here for the rest of the story
The AJC reported this Saturday on a whale of a story… The article claims that Florida based Sembler Company is in talks with property owners and Dekalb County over the nearly 100 acres at the intersection of North Druid Hills and Briarcliff just off of I-85 (see map below). Developments of Regional Impact (DRI) like these would be quite a hefty price tag.
In fact… let’s do a bit of math on the subject. According to the AJC, one of the parcels being looked at is a 73-acre piece containing the Park at Briarcliff, a 1,017-unit complex of apartments and town-homes owned by the Housing Authority of DeKalb County (important note, Dekalb doesn’t own the land just the buildings). Based off of that acreage and unit count we could deduce the following:
Semblers Brookhaven Place Project:
Paid 66,000,000 for Peachtree Garden Apartments, or $1,315,527 an acre (50.17 acres), or $126,195 per door (523 units).
So based off of those numbers is it possible that this piece could be worth 96 million??? I seriously doubt it but i guess we will see. It is also notable that no Sembler representatives were quoted in this article making me wonder if this story is simply fishing for some news.
I also want to thank the team over at Sembler for working with me on Brookhaven Place especially Heather Correa Duffy, Jeff Fuqua and Kathy Zickert (their zoning attorney). Since my house is the closest house to the project I certainly had some big concerns. Sembler has gone into high gear to address those concerns and they have worked diligently to be prepared for numerous neighborhood meetings other than ours. I feel they have made light years of progress on the Brookhaven Place proposal. They have put together an expensive and thorough landscaping plan that certainly wasn’t required of them and I am certainly grateful.
By TY TAGAMI , KRISTINA TORRES The Atlanta Journal-Constitution Published on: 09/30/06A Florida-based developer known for fusing big-box retail and smaller stores and restaurants with housing and offices is negotiating with DeKalb County officials to build what could be one of the biggest mixed-use projects in metro Atlanta. Sembler Co. is deep into talks with the DeKalb school system and the county housing authority about the proposal, which involves about 100 acres off Briarcliff and North Druid Hills roads near I-85.
It would bring major change to the area and could cause the relocation of highly ranked schools and perhaps 1,000 residents in a government-owned rental complex.
CoStar reported the apartments sold for 10Million or $75,200 Per Unit (133 units total). Our research confirmed both the sale price and found a legal description confirming the reported 13.8 acres, bringing the sales price per acre to $724,638. Click here to read the Article
The Business Chronicle Also reported the story Click Here
Just when news stories covering the doom and gloom of the real estate bubble seem to be at a fever pitch you find transactions continuing to defy the logic of the Wall Street Journal and Ny Times. Anyone remember this story from this time last year in the Atlanta Business Chronicle “Lenders pull back on condominium financing“? Surely after a full year this Condo Conversion market would be six feet under by now ??…..
Well not according to Regions Bank who provided Silvertree Apartments Inc., Managed by Act Investments of Chamblee with a three year $12.47 Million dollar Construction loan. (Deed Book 43143 Page 349)
On ACT’s Website they list the Avalon Townhomes as “a total of 133 townhome units contained in sixteen two-story buildings. The property is located in Sandy Springs, Georgia consisting of 118 two bedroom unit and 15 three bedroom. The townhomes range in size from 1,100 to 1,600 square ft.” By the way, thier website http://www.avalonofsandysprings.com/ looks great!!! (it apears my website designer Drew Barton over at Southern Web Group has scooped me again on this story since the website is already completed) From now on I am just going to call Drew when I am looking for the latest gossip since he and his team seem to be producing every real estate website in town!
To all you developers and RE guys out there… These appartment ratings websites are becoming an increasingly usefull tool in rating the health of apartments. Check out the dirt these residents are dishing out on Silvertree from one of the major sites found from a simple Google search. (click here)
DevelopingAtlanta.com has a full library of documents used in researching the properties listed on our website. Please contact us if you have any trouble finding information about zoning, permitting, current timelines, or any entitlements for your development projects. DevelopingAtlanta.com understands the sensitive nature and privacy needed in our industry and every precaution will be taken to ensure your privacy. We will also sign Non-Disclosure and Non-Compete agreements for your project research as well.
City of Sandy Springs
COMPLETE SET OF SANDY SPRINGS PERMITS, CONVERTED INTO TYPEABLE PDF’SA little present from us to you!! :)
All forms can be turned into City of Sandy Springs -115 Perimeter Center Place NE- Suite 765- Atlanta, GA 30346 Phone 770-730-5600 Fax 770-393-0244 Sandy Springs Rezoning Application
ULI Atlanta - 3rd Annual Urban Marketplace
Tuesday, October 24, 2006
- Location -
Georgia World Congress Center
Georgia Ballroom, Building C on Northside Drive
Atlanta, GA
