Midtown Atlanta Business Archives

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!!

Follow Me:

Embassy Suites Atlantic Station Moves Forward

May 23, 2018 by Thom Abbott Leave a Comment

Once upon a time, lodging options in the Midtown area were pretty sparse. You either went luxury or almost nothing else. Fast forward to 2018, and you have numerous hotels to choose from, and several new options on the horizon. Embassy Suites Atlantic Station will be one of those new options.

Embassy Suites Atlantic Station Moves Forward

Horizon Hospitality Management has filed a permit application with the City of Atlanta for a 10-story high rise building, next to The Atlantic Condominiums at 200 17th Street. The photo to the right shows what I think will be the location of the property, based on the renderings provided in an article at WhatnowAtlanta.com. There is a possibility the site could be next to the tennis courts that are alongside The Atlantic.

Details mention 175 rooms taking up some 145,020 square feet and potentially a “high end steakhouse” fronting 17th Street. Hmmmm…steak. Designed by Mike Clifford of the Atlanta-based firm of LPBC, the project could break ground later this year and be ready for guests by 2020. (Remember, 2000 and we thought how is that possible, and now we are talking about 2020!!!!)

While North of the campus, this hotel would be another option for guests and parents visiting Georgia Tech.

Below is a rending of the proposed Embassy Suites Atlantic Station, as well as a couple site photos I snapped today. We’ll be keeping an eye on this one!

Currently, the only other hotel at Atlantic Station is the Twelve Hotel.

Thom Abbott

Follow Me:

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

Follow Me:

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

Follow Me:

Another Midtown Parking Lot Soon To Be Gone

January 15, 2018 by Thom Abbott Leave a Comment

Parking in Midtown Atlanta is going to be a premium…..more so as the surface lots getting “eaten up” by new construction buildings. And Another Midtown Parking Lot Soon To Be Gone!

Another Midtown Parking Lot Soon To Be Gone

A 14-story dual brand hotel has been proposed for the parking lot just across Ponce de Leon Avenue from the Fox Theater. The hotel will consist of 154 rooms under the Marriott Courtyard flag and another four floors with 128 rooms in the Marriott Element brand. The hotel floors sit above five levels of parking with 185 spaces that will be accessible to the public. Automobile access to the building will be provided off Ponce with a circular drop-off area and internal ramps to the deck above. The developer proposed a ground floor restaurant and lounge/bar at the corner with a second floor terrace overlooking this iconic intersection which is anchored by the Fox Theatre, Georgian Terrace and Ponce Condos.

Of course, many of the residents of Windsor Over Peachtree with North facing views will have….no more view. In fact, they will be looking right at a parking garage for those first 6 or so floors, depending on how the garage lays out. And the remaining floors will either be looking at the garage or the guest rooms of the hotel. Hmmmm.

I always work with my clients when showing Midtown Atlanta condos, and mention any possibilities of what could happen to a view, along with the statement, “no view is ever guaranteed.” And it’s true. Now, if a newer building has just been built, you may know what your view will be for awhile…but anything low-rise could be subject to a sale and a tear down.

This location will certainly be helpful to out-of-town visitors in for an event at the Fox Theater, as well as the Emory Crawford Long Hospital is just two blocks South of this location. Access to the hotel without a car, will be easy as the North Avenue MARTA station is in the same block as the hotel. The address of the parking lot is 640 Peachtree Street and is shown on the map below.

Search Midtown Atlanta Condos For Sale HERE!

Thom Abbott

Follow Me:

Price of Home	$
Down Payment		%
Mortgage Term		yrs
Interest Rate		%
Monthly Payment	$

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.	$
Down Payment:	$
Interest Rate:	%

New Hotel Proposed for Beltline in O4W

New Hotel Proposed for Beltline in O4W

Thom Abbott

Embassy Suites Atlantic Station Moves Forward

Embassy Suites Atlantic Station Moves Forward

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

North American Properties Mark Toro

Thom Abbott

Another Midtown Parking Lot Soon To Be Gone

Another Midtown Parking Lot Soon To Be Gone

Search Midtown Atlanta Condos For Sale HERE!

Thom Abbott

Monthly Debt and Obligations Should Include:

Thom Abbott

Quick Links

-

Featured Links