Interesting Stories Archives - MyMidtownMojo.com

Last updated by Thom Abbott at May 25, 2018.

New Hotel Proposed for Beltline in O4W

May 25, 2018 by Thom Abbott Leave a Comment

There is never a lack of interest, or desire to live, work or build on the Beltline! That is evidenced by the recent announcement by Portman Holdings, LLC who has just purchased a prime little corner at Irwin Street and the Beltline!

New Hotel Proposed for Beltline in O4W

The company purchased the site, a little more than 1 acre for a mere $5.5 MILLION! It closed May 9th, according to a story in the Atlanta Business Chronicle. Portman, known for their major hotel construction will seek to build a “cool lifestyle boutique hotel” on the site. While still to early in the planning stages, 145-170 keys are being proposed. The company is talking to hotel brands not found in the Atlanta area, and the article also mentions a food an beverage and event space.

One might recall that a hotel was proposed for the site back in 2015, but that deal, with Beltway Investment International, Smart Hotels, LLC, and Hospitality Ventures Management Group never moved forward.

A second hotel ( or maybe it was first?) is also proposed as part of the New City LLC project that is next to the Historic Fourth Ward Park. That project could break ground later this year.

We’ll update this article with some on-site photos, but the photo BELOW shows the location of the new hotel.

Thom Abbott

I'm a real estate broker living and selling the City lifestyle of Intown Atlanta Communities. From the high rise condominiums of Midtown and Buckhead to the bungalows and traditional homes of Chamblee, Brookhaven and Doraville, I enjoy introducing people to parts of Atlanta and everything they have to offer. I'll help you find the right home in any of these or other exciting Intown Atlanta communities that border Midtown Atlanta and The Gold Line!!

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Will Atlanta See A Regional Transit System

March 7, 2018 by Thom Abbott Leave a Comment

That’s the billion-plus dollar question for sure….

Will Atlanta See A Regional Transit System

If you are fortunate enough to live in Midtown, you may get more use out of the current MARTA system than others due. If you think about it…if you live in John’s Creek for example, by the time you would drive your car to the Doraville (Or Chamblee) MARTA station, park, and then continue your commute to work via transit, you probably would get there in the same amount of time if you just stayed in your car.

And…what if you live in Duluth, and work in the Cumberland area? Well, you’re just plain out of luck.

I came across this article in the Saporta Report. It talks about the challenges I’ve known for a long, long time. There are to many people (in this case jurisdictions) involved to get anything done on a regional basis. The need for a TRUE regional transit authority and system is really a key to the future of Atlanta. It’s future being you don’t spend 3 hours in your car each way to work if you have to live in the suburbs.

As Brian says in the article, ” Currently a transit line from the Cumberland Business District to Duluth would require crossing four different counties and three different transit systems. First, state funds should be prioritized for regionally-important projects that serve multiple jurisdictions. Even with these bills, the majority of transit funding will continue to come from local sales taxes, and individual counties are unlikely to prioritize projects that span multiple jurisdictions. A transit line from Cobb County to Gwinnett County is incredibly important to the region, but none of the four counties involved can build the project on their own. The ATL should ensure that sufficient funding is available for regionally-significant projects.”

And I’m not forgetting the way-out areas either. Imagine high speed rail from places like Columbus or Macon where people would have a option (and a quick one) to get to Metro Atlanta for work, without having to pay the cost of living in this city. Ah….one can dream right?

Will Atlanta see a Regional Transit System?

The article from Brian Gist, Senior Attorney at the Southern Environmental Law Center can be found HERE.

Thom Abbott

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Coworking Spaces in Midtown and Downtown Atlanta

February 21, 2018 by Thom Abbott 1 Comment

You’ve probably noticed the rise in Atlanta of co-working spaces. The names We Work and Industrious might most ring a bell, but there are many other options in Midtown and Downtown Atlanta….even I was surprised!

Coworking Spaces in Midtown and Downtown Atlanta

As the article link below mentions, coworking has become very popular all over the country, but most recently we have seen quite the boom of these kinds of spaces all over Atlanta. While the article focuses on the Midtown and Downtown Atlanta areas, I know that We Work is opening at the Perimeter and Industrious has a Buckhead location.

Whether you are a single person looking to have an “office space” outside of your condo, to a startup company, these flexible work spaces can offer you much of what a normal office might offer, but for far less money because of the sharing of resources.

If you are considering a coworking space, be sure to check them out in person, and see what they are like. If you may need to meet clients, how accessible is the space for your guests? I know I looked at space in the Industrious offices at Ponce City Market before we opened our Midtown Atlanta office on Juniper Street. There were a few to many layers of security (at least at that location) that would have not made it user friendly for a real estate office. (And now we have a storefront anyways…so much better!)

But if you are considering living in Midtown or Downtown, and need office space not provided by your company, or your start-up NEEDS office space, check out the list in this article!

Coworking Spaces in Midtown and Downtown Atlanta

Thom Abbott

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Citizens For Progressive Transit January Newsletter

January 21, 2018 by Thom Abbott Leave a Comment

We know that transit is a major buzz word around Metro Atlanta (and the state of Georgia) these days. Sadly, city and state leaders have lagged behind in taking much action on this. But the time is now. 72% of Georgia voters want state funding to expand mass transit.

I’ve attached a monthly newsletter from the organization Citizens for Progressive Transit. It has some GREAT articles. Like the mention of the decline of Georgia’s rural population and economy. TEN YEARS ago the GA DOT discussed regional passenger trains that would like these smaller cities to Atlanta. CAn you EVEN imagine being able to live 2 hours outside of Atlanta and ride a train into the city?

Transportation Camp South 2018

Also mentioned is Transportation Camp South which will take place February 24th at Georgia Tech. The annual event brings planners, scholars and activists together for a day of learning. You can find more information on their Facebook Page.

We plan to be there this year to keep a pulse on this important conversation for Atlanta AND Georgia.

You can find the January 2018 Citizens For Progressive Transit Newsletter HERE.

Thom Abbott

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North American Properties Mark Toro

January 17, 2018 by Thom Abbott Leave a Comment

Atlanta certainly has numerous “movers and shakers” when it comes to real estate development. My good friend Scott Selig, who recently passed, is one of them. Steve Baile, also with Selig Enterprises is another. But one individual that I have always been impressed with is Mark Toro from North American Properties.

If you’ve not seen Avalon in Alpharetta….hope in the car and go. A development that barely got started, and then the market crashed. North American Properties came in and it’s amazing what is there now.

Come a little bit closer to “home” and North American Properties successfully repositioned Atlantic Station, and has since sold the retail development to another group. Now, Mark and his team are working to transform Colony Square into the next great Midtown place to be!

Atlanta Magazine, in 2015, named Mark Toro as one of the “55 Most Influential Atlantans.”

Additionally, North American Properties has been tapped to develop a mixed-used project around the Infinite Energy Center in Gwinnett County, some 30 miles from Midtown Atlanta. This is a unique public/private project, being built on land Gwinnett County owns. (The parking lots around the Arena will become garages and mixed-use buildings!

Mark is a Midtown Atlanta resident, and serves on the Midtown Alliance’s Executive Committee.

Bisnow, a business publication recently published an interview with Mark Toro, which you can find HERE.

Thanks Mark, for all that you have done, and are doing for Midtown Atlanta and beyond!

Thom Abbott

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Monthly Gross Income	$
Monthly Debt Expenses ^[?] Monthly Debt and Obligations Should Include: Monthly Credit Card Payments Monthly Auto Payments Monthly Child Support Monthly Association Fees Other Monthly Obligations, but NOT utility bills.	$
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New Hotel Proposed for Beltline in O4W

New Hotel Proposed for Beltline in O4W

Thom Abbott

Will Atlanta See A Regional Transit System

Will Atlanta See A Regional Transit System

Thom Abbott

Coworking Spaces in Midtown and Downtown Atlanta

Coworking Spaces in Midtown and Downtown Atlanta

Coworking Spaces in Midtown and Downtown Atlanta

Thom Abbott

Citizens For Progressive Transit January Newsletter

Transportation Camp South 2018

You can find the January 2018 Citizens For Progressive Transit Newsletter HERE.

Thom Abbott

North American Properties Mark Toro

Thom Abbott

Monthly Debt and Obligations Should Include:

Thom Abbott

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