Could GE Headquarters Join NCR Corp in Midtown Atlanta?

Seriously, you have to love the buzz that Midtown Atlanta is getting these days! All these plans and proposals (some definite, like NCR and some still out there like GE) make for exciting times in the real estate market! Buyer and Sellers….Beware!

Could GE Join NCR Corp in a new Midtown Atlanta Headquarters?

The Atlanta Business Chronicle reported today that even though GE has not yet set their little footies in Atlanta, there are some key players (a.k.a. incredible sites) that want to be ready to show them the town…Midtown Atlanta that is!

GE is drawing interest from multiple cities (Dallas being one of them) but the City of Atlanta and Georgia has already  met with GE. The potential relocation comes on the heels of a recently passed tax package in Connecticut that did not sit to well with GE. CEO Jeffery Immelt formed an exploratory committee, seeking a more “pro-business environment.” And we know that Governor Deal and Mayor Kasim Reed are all about the business in Georgia and Atlanta!

The ABC article included a rendition of how the GE headquarters could look as part of Atlantic Station. Here is that idea…

GE Headquarters Midtown ATL

 

Ok….this is awesome news. Now, will some architect PL-E-E-E-E-E-ZE step up to the plate and design something that will truly WOW the 300,000 cars on the Downtown Connector Daily!!!! I mean….ANOTHER square block building?  The article states:

GE leadership sees a move from Connecticut as possibly the best opportunity to remake the company, turn away from appliances, and put a greater emphasis on software development, industrial technology, or manufacturing, Atlanta Business Chronicle has reported.

Well then…if you want to remake your company, start with a truly landmark office tower that says, “Oh heck yeah…we are HERE!” And of course this is yet another location that is prime to tap the talent pool  that IS Georgia Tech!

To give you your bearings on where this could possibily happen…the photo below I took when the Cirque Du Soleil was set up…so the proposed GE tower would be about where the white tents are.

Atlantic Station Skyline MyMidtownMojo.com August 25, 2015

 

So, you can SEE why that is a killer location for an architectural masterpiece!

Let’s keep our fingers crossed that Midtown Atlanta scores another great corporate relocation….and that Midtown Atlanta might score something impressive for it’s skyline!

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 Construction Map

Azure on the Park Construction August 11, 2015It’s no secret….Midtown Atlanta construction boom is ON! Just take a look at the skyline and you will see the return of cranes on what seems like every street corner. The crane companies are certainly happy~!

Midtown Atlanta Construction Map

I’ve been meaning to put a post together of all projects, both Under Construction, or proposed. But time just got in my way!

But my friends over at Curbed Atlanta have put together quite an impressive summary of the projects that have recently completed in the last couple years, along with what is Under Construction and Proposed.

One Museum Place and Seventh Midtown are the only two new construction condominium projects at this time. Every other building is currently planned to be rental apartments. One can only think there may be a rental glut come late 2016 as these buildings all come on line. It is certainly something to keep an eye on if you are a real estate investor (own a rental condo….you rent may take a hit as people look to move to the shiny new building) and if you are looking to purchase, we wonder if any of these projects has a “conversion clause” that will allow them to move from rental to a For Sale situation.

Time will tell.

Click on the photo below to go to the story at Curbed Atlanta!

Midtown Atlanta Construction Map MyMidtownMojo.com August 11, 2015

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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Insomnia Cookies Midtown Atlanta to Open at University House

University House Midtown Atlanta July 28, 2015Looks like Midtown Atlanta will be getting another location for your sweet tooth! The Sweet Hut Bakery opened in Metropolis Midtown last year and seems to be doing well. Now,  you’ll have a spot for your cookie craving!

Insomnia Cookies Midtown Atlanta to Open at University House

Insomnia Cookies is a rapidly expanding late-night bakery concept that was founded in a college dorm room in 2003 at the University of Pennsylvania, by then student, Seth Berkowitz. I can so see the success of such an idea….back in college, it’s midnight and you want something sweet! AND it can be delivered? Holy Cow!  They specialize in delivering warm, delicious cookies right to the doors of individuals and companies alike. So all you GATech students….get ready for cookies!

Insomnia Cookies Midtown Atlanta July 28, 2015Insomnia Cookies has offerings of cookies, brownies, cookie cakes and even cold milk. Some locations serve and deliver ice cream…let’s hope that will be the case at the Insomnia Cookies Midtown Atlanta!  Residents in nearby Plaza Midtown, Aqua and MidCity Lofts will have a convenient spot for a late night sweet snack. It looks like you will need to make your coffee at home! And if you are a MARTA commuter, the store is just a block and a half from the Midtown MARTA station…grab a few cookies for the kids and the ride home!

The website for Insomnia Cookies also has great suggestions such as sending gifts to your college student! (Take note all of those parents we have sold Midtown Atlanta condos to for their GATech student!!) Looks like they will also do birthday gifts or group orders for your next event or meeting.

MyMidtownMojo.com looks forward to welcoming Insomnia Cookies Midtown Atlanta! We’ll be sure to sample them and let you know!

University House is scheduled to open next month in time for the Fall session at GATech. If you’ve driven by..they got some work to do, so we will expect to see the businesses open soon thereafter!

 

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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Buckhead’s Establishment to Re-establish at Colony Square!

Establishment Midtown July 28, 2015It looks like another Buckhead favorite wants to join the excitement of Midtown Atlanta!

Establishment of Buckhead will soon be Establishment Midtown and call Colony Square home! I have to say I never visited this watering hole while it was in Buckhead, but it looks to have a pretty cool vibe going on! I can see it being an awesome place for one of the after parties for the Atlanta Film Festival, who’s 40th Anniversary is in 2016!!

Keep an eye out for more news of the opening of Establishement Midtown and some follow up photos from MyMidtownMojo.com

Leasing Diagram

 

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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Post Midtown Millennium Breaks Ground on 11th Street

Post Millennium Construction July 17, 2015There truly is no end in sight for the apartment construction bonanza in Midtown Atlanta. Dirt is moving on seemingly every corner…and there is hardly a condo building in sight!

Post Midtown Millennium Breaks Ground on 11th Street

The forever vacant lot on 11th Street, between the Residence Inn and the Federal Reserve Entrance will be home to a 23-story, 356 unit apartment building called Post Midtown Millennium. The building and location is unique in that it is being built over the top of the MARTA line. There is no direct connection to the station, but it will be just a short one-block walk to the Midtown MARTA station.

Post Midtown Millennium July 17, 2015One can presume it will have the usual amenities such as a fitness center and pool area (I’m guessing on the top of the lower-portion of the building as seen here on the left.)  The roof of the building does not appear to have anything on it, but time will tell of course.

This will certainly busy up 11th Street with activity as 60 11th Street, the sister to 77 12th is also under construction less than a block away! Cranes, cranes, cranes you do see!

I’m asked by many if they think any of these new buildings will convert to condominiums before they open? That really depends on the financing the developer obtained and if it allows for a conversion, or if the building has to first open as apartments for 2-5 years, and then convert.

Let’s just hope they don’t all (or several of them) convert at once…or then we will go for NO new condo inventory to TO MUCH!

 

Midtown Atlanta Apartment Construction July 17, 2015

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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