Midtown Atlanta Apartment Construction Banquet Sees No End

In the next couple years, Midtown Atlanta and West Midtown are either going to have oodles and oodles of people and cars all over the place, or lots of great deals on renting an apartment! Midtown Atlanta apartment construction just keeps adding projects!

Midtown Atlanta Apartment Construction Banquet Sees No End

Heights at West Midtown April 22, 2015Just as The Worthing companies are under construction with Heights At West Midtown (scheduled to open this Fall and pictured here), they have now filed land development permits with the City of Atlanta for the Old Georgia Steel property off of Howell Mill Road at 903 Huff Road. Walton Westside is just across the road.

Additionally, Modera Midtown, to be built on Peachtree Place, along Williams Street (that would be the vacant space behind ( or in Front of, depending on where you are) of the University House student apartments that are currently under construction at Spring and Peachtree Place.

Oh, and then there is 1010 West Peachtree, the site of the former Checker’s Drive in. This project will be 328 homes with 13,000 sq feet of retail space. And since the construction fence is up…expect to see this one start to rise soon.

1010 West Peachtree Apartments April 22, 2015

One just has to wonder when there may be too much food on the Midtown Atlanta apartment banquet.

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Midtown Alliance Schedules Blueprint 3.0 Open Houses

Midtown Blueprint 3.0 MyMidtownMojo.com april 16, 2015It’s been awhile since the original Blueprint Midtown was conceived. What you see today in Midtown Atlanta, from new condominium buildings built over the last 10 years, streetscape improvements and such, are a result of that plan.

Midtown Alliance Schedules Blueprint 3.0 Open Houses

But as we know, all good plans need a review and an update to keep up with the changing times we ALL are experiencing. And so, the Midtown Alliance has announced a series of Open Houses to seek the input of Midtown residents, workers, employers and community stakeholders about what they want to see in the future of Midtown Atlanta.

As I know it, there will be some suggestion boards with ideas already on them, and you will be given an opportunity to “voice” your opinion about these potential projects. This is a great way to really gauge the public’s  thoughts about projects and the future.

Here are the upcoming Open House dates:

  • Blueprint 3.0: Input Session at Food Truck Thursdays 
  • Thursday, April 23 at 11:30 a.m. | Food Truck Park at 12th Street & Peachtree Street
  • Blueprint 3.0: Input Session & Happy Hour 
    Wednesday, April 29 at 5:00 p.m. | Saltwood- Loews Atlanta Hotel Midtown / 1065 Peachtree Street
  • Blueprint 3.0 Input Session & Coffee 
    Wednesday, May 6 at 8:00 a.m. | 800 Peachtree St., Suite D

You can RSVP (not required, but they would like to have an idea of the number coming!) HERE

 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Why Is Midtown Atlanta Inventory So Low?

Why Is Midtown Atlanta housing inventory low April 7, 2015This is a question/challenge I face daily when working with Buyers that are looking to purchase a Midtown Atlanta condo. After viewing properties in an afternoon, the question often comes up, “Is that all we are going to see?” My reply is often, “That is all there IS to see!”

Why Is Midtown Atlanta Inventory So Low?

I’ve attached a link below to an article that recently appeared on the website Inman News which is real estate news for real estate agents. Always good stuff and very informative. However, as I am sure you have heard, real estate is local, local, local. So while this article gives you that 30,000 foot view of the market and conditions nationwide, I wanted to touch two points that relate to Midtown Atlanta…

Value Disruption/Reset in 08/09

As the article states, between 2007 and 2010, we saw a major change in values in Midtown Atlanta. Condos that originally sold for $350,000 were selling in foreclosure for $190,000!  Prices have returned to the higher values, so those that purchased at the high price, may now finally be able to sell their condo and not be “under water” in terms of the value. Those that snapped up at that $190,000 certainly are ready to move, but….

SQ5 Under Construction April 7, 2015Where Would I Go? (Move Up) and Stunted New Development

A quick glance at the Midtown skyline gives one the impression of “Wow, look at all those new condo buildings going up!” Ahhhh…not so fast. All those cranes you see are producing a bumper (maybe even an excess) crop of rental apartments, NOT condominiums For Sale! For the Midtown Atlanta condo buyer, a primary reason for a move, is to move into the latest and greatest new building. But what do you do, or where do you move, when you don’t have ANY new buildings?

Current Midtown Atlanta condo construction is limited to a couple buildings and townhome developments and those prices start in the $700,000 range. That might be a bit more of a “move up” than many buyers can afford.

So, when we are out looking at Midtown Atlanta condos for you to purchase, it’s not me giving you any kind of “salesperson pressure” to make a decision. It’s the market telling you, make that offer now, or it may be gone while you think about it.

Here is a link to Why Is Housing Inventory So Low?

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Midtown Atlanta Art Festivals | Festival On Ponce April 11-12, 2015

One of the awesome things I love about Midtown Atlanta is the festivals. It seems like every time you turn around, there is another one to attend. I’ve certainly had to go into “look but don’t buy” mode as I’ve got no more room unless I part with something. But it’s always amazing to see what these people can create!

Midtown Atlanta Art Festivals | Festival On Ponce April 11-12, 2015

Festival On Ponce April 11-12, 2015Festival on Ponce is another great festival that takes place in a park we often drive by but forget it’s really a park…Olmsted Linear Park! The park runs along side Ponce De Leon Avenue after it passes the intersection of Briarcliff/Moreland and continues past the Fernbank Museum.

The Festival hours are Saturday, 10am-6pm and Sunday from 11am to 6pm.

Over 125 displays of arts and crafts, folk and outsider art will be there along with food and beverage! And its…..FREE!  The Festival On Ponce is sponsored in part by The Atlanta Foundation for Public Spaces. They sponsor numerous festivals around Atlanta and you can find those at their website!

You can also learn more about Olmsted Park from the Olmsted Linear Park Alliance.

Looking forward to seeing you in the Park!

You’ll also be close to the new Ponce City Market if they have any of their retail open as well as the new Krog Street Market. Lots of things to see and do in Midtown Atlanta and the surrounding area!

 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Third Rail Studios to Open at Former GM Site in Doraville

If you ever had any question or doubt about the impact the film and TV industry is having on Georgia, and especially the Atlanta area, this should end it. Another major studio project has just been announced.

Third Rail Studios to Open at Former GM Site in Doraville

The Integral Group, which acquired the GM site last year, is partnering with Capstone South Properties to develop “Third Rail Studios” on a six-acre section of the 165-acre development, located at I-285 and I-85 and INSIDE the Perimeter or ITP.

The first phase of Third Rail Studios will take an existing 130,000-square-foot building that will be retrofitted into film and television production studios.  Included will be  60,000 square feet of sound stages and 20,000 square feet of production support mill shops, administrative offices and related vendor spaces.

From my knowledge of the site, this will take place in The Yards Gateway section, as you can see on the site plan below.

ASSEMBLY Doraville Georgia April 4. 2015

 

When fully-built out, Third Rail Studios will be a 270,000-square-foot-facility.

Third Rail Studios ASSEMBLY Doraville April 4, 2015

“It’s something everybody can get excited about because it provides a big spark,” said Eric Pinckney, Integral’s project executive for Assembly.

The studios are expected to open for business by the end of the year, said Christopher Martorella, Integral’s president of commercial real estate.

“It’s something that can happen very quickly because there’s an existing place that lends itself well to what we want to do,” Martorella said.

The film studio is the first major project to be announced for the Assembly development, which is being marketed and presented as several different neighborhood districts. Plans call for an extension of Park Avenue from Buford Highway, under the Doraville MARTA station directly into ASSEMBLY.

Despite the plethora of movie studios planned or open in Atlanta, there is pent-up demand for more film and television production facilities, said Egbert Perry, CEO of Integral. Having Third Rail Studios as part of the Assembly development will add a “sexy, funky, cool” flavor to that part of the GM site.

“Third Rail Studios” refers to the three rail lines that previously served the GM Doraville assembly plant, as well as the creative energy in the media production community.

The now unused rail lines will be preserved and integrated within the landscape, much like New York City’s Highline, which is a very popular destination. The studios will anchor the “Yards District” portion of the site, a funky, modern industrial”ish” destination for dining, entertainment, parks, art, retail, makers, and other businesses. Think Midtown West…only on steroids?

Third Rail Studios April 4, 2015

“We are still way below what is needed to support the industry as it exists today,” Perry said of the new studio project. “It doesn’t begin to address the existing demand, not to mention any growth in demand.”

Lee Thomas, director of the Georgia Film Commission, confirmed Perry’s statement. “Georgia’s film industry is at an all-time high with 39 productions currently filming across the state, many of which are long-term tenants in our existing soundstages,” Thomas said.

The design for Third Rail Studios is led by Janson Tsai, a division of the architectural design firm Perkins Eastman (Of Note…Perkins Eastman is the firm that designed the entire ASSEMBLY site for Integral). Previous work includes design of Kaufman/Astoria Film Studios and Steiner Film Studios in New York, as well as projects with Imagine Films, CBS Television,NBC Universal, ESPN, Disney, and Sony — among others.

“We are creating an urban node in the heart of DeKalb County in a way that is not just an island unto itself but one that in fact connects to many other smaller urban nodes,” Perry said. “That the intent. It has more multimodal attributes than probably any other site in the region… Assembly is truly a place where everything comes together. It actually is very much an appropriate name.”

For more information and updates about Third Rail Studios, click here, or on Facebook at Living Near Third Rail Studios. 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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