Atlanta Developers Untethering to Connect with Millennial Tenants

Rendering of Hines Company’s T3 West Midtown development, Atlanta, GA, with WiredScore’s Atlanta office head, J.D. Jeske.

ATLANTA, GA—With ground broken this month on the 230,000-square-foot T3 West Midtown office development within Atlantic Station, Hines and its partner Invesco Real Estate are acknowledging the rising importance of technology infrastructure in making office space attractive to contemporary tenants.

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Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at steve@statebroadcastnews.com.

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Real estate transactions total $6,532,095

May 1, 2018

• Crown Ridge Homes, LLC of Rutledge to Michael Talaga of Huntertown, Id., 532 Village Road, Madison, $545,500.

• Crown Ridge Homes, LLC of Rutledge to Kenneth P. Grant of Madison 548 Village Road, Madison, $399,900.

• David Neuhart of Columbus, Ga. to Knock Homes, LLC of San Francisco, 1220 Westminster Way, Madison, $314,000.

May 2, 2018

• Doris A. Vandergriff of Cumming, to Samuel J. Lamont of Oxford, 1601 Sugar Creek Trail, Buckhead, $405,000.

• Anne Hayes Tanner of Franklin, Tenn. to Jeremy Everett Durden of Mansfield, Atlanta Highway, Rutledge, 8.653 acres, $61,000.

• Deborah V. Tanner of Madison to Dylan Jefferson Carson of Atlanta, Crawford Road, Madison, 18.61 acres, $134,923.

• James W. Boyd of Madison to Kendra Lynne Wyatt of Madison, 1041 Creek Point Drive, Madison, $85,000.

• Denise Fagan of Lansing, Ill. to Wesley Brooks of Buckhead, Lot 4 Saffold Road, Buckhead, 2.77 acres, $16, 620.

• James R. Moorhead, Sr. of Rutledge to Jack Dunworth of Madison, 1070 Rawlings Drive, Rutledge, 2.67 acres, $243,000.

• Hidden Falls Development LLC of Madison to Nancy R Winston, Trustee of the Nancy R. Winston Living Trust of Gambrills, MD, 131 Hidden Falls Court, Rutledge, 1.6 acres, $292,500.

• William S. Stevens of Eatonton to Linda S. Willard of Buckhead, 1330 Morgan Drive, Buckhead, $219,900.

• Jonathan C. Cowan of Madison to Ronald M. Erwin of Madison, 1700 Lower Apalachee Road, Madison, 5 acres, $195,000.

• Victoria C. Boule of Madison to Rosa Marie Jordan of Madison, 1290 Wildflower Way, Madison, $189,900.

May 3, 2018

• J.C. Mechanical & Construction, LLC of Rutledge to Donald L. Krup of Dacula, Ga., 260 Hidden Springs Drive, 1.061 acres, Rutledge, $58,800.

• Mary Lee Thompson of Eatonton to 354Poplar, LLC of Madison, 376 Poplar Street, Madison, $90,000.

• Reverse Mortgage Funding, LLC of Lansing, Mich. to Wilmington Trust, National Association, a national banking… of Lansing, Mich., 1050 Creekwood Circle, 046C 364, .18 acres, Madison, $243,900.

• Wilmington Trust, National Association, a national banking …. of Lansing, Mich. to Tonna Carter of Madison, 1050 Creekwood Circle, Madison, $234,900.

May 4, 2018

• Gary Gustin of Rutledge to Tracy Kiley of Rutledge, 010 065F, $175,000.

• Patrick L. Hartney of Madison to 1420 Meadow Lane, LLC of Madison, 1420 Meadow Lane, 3.75 acres, Madison, $435,000.

• Linda S. Willard of Buckhead to Cameron V. Coody of Madison, 2931 Atlanta Highway, Madison, 2.944 acres, $400,000.

• Linda S. Willard of Madison to Cameron V. Coody of Madison, 2941 Atlanta Highway, Madison, 8.188 acres, $60,000.

• Weldon R. Crook of Madison to Charles D. Meyer of Madison, 875 William Street, Madison, $263,000.

May 7, 2018

• Kyung Hwan Kim and Jung Sook Hong of Madison to Lekey D. Mosley of Madison, 3370 Bostwick Highway, Madison, $205,000.

• Emily W. Asbell of Suwanee, to Bhugesh Patel of Madison, 1131 West Road, Rutledge, $275,000.

• Jimmy D. Lacy of Sylva, NC to SGS Enterprises, LLC of Madison, 2811 Greensboro Highway, 2.49 acres, Madison, $135,000.

• Shelaine Oliver Hawkins of Rutledge to Carl B. Bachmann of Atlanta, Durden Road, Rutledge, $4,000.

• Andrew C. Curtis of Albany, . to Allen J. Glore of Milledgeville, Ga., Three Notch Road, Buckhead, 2.866 acres, $20,000.

May 9, 2018

• William T. Singleton of Good Hope, to Nathaniel E. Williams of Madison, 1041 Anticoch Church Road, 4 acres, Madison, $148,600.

• Jeanette M. Kresge of Hubert, NC to John Ford of Social Circle, Shepherd Road, Rutledge, $64,532.

• James M. Moon, III of Calhoun Falls, SC to John B. Ford, Jr. of Social Circle, Rutledge, $68,120.

May 10, 2018

• Wilmington Savings Fund Society, FSB, d/b/a Christinia Tr … of Minneapolis, MN to Thomas Preston Investments, LLC of Atlanta, 1079 Norris Road, Madison, $135,000.

• Friesen Real Estate Holdings, LLC to Madison-Morgan Conservancy, Inc., 516 South Main Street, 1.884 acres, Madison, $360,000.

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Millican sets track speed record in qualifying in Atlanta Dummy Post

COMMERCE, Ga. (AP) — Clay Millican set the Top Fuel track speed record at Atlanta Dragway, clocking 331.12 mph in qualifying for the NHRA Southern Nationals on Friday.

Seeking his third No. 1 qualifier this season and 13th of his career, Millican had a 3.758-second pass during the second round of qualifying. He also holds the national elapsed time record, set at Pomona earlier this season.

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Millican sets track speed record in qualifying in Atlanta

COMMERCE, Ga. (AP) — Clay Millican set the Top Fuel track speed record at Atlanta Dragway, clocking 331.12 mph in qualifying for the NHRA Southern Nationals on Friday.

Seeking his third No. 1 qualifier this season and 13th of his career, Millican had a 3.758-second pass during the second round of qualifying. He also holds the national elapsed time record, set at Pomona earlier this season.

"To go 331 mph in Atlanta is pretty cool," Millican stated. "The car is the quickest in the world and I’m proud of that. We’ve had a little problem when it’s hot outside. What surprised me is that this car is starting to run speed because last year we didn’t run speed."

Robert Hight led Funny Car qualifying with a pass of 3.952 seconds at 327.59 mph. Greg Anderson led Pro Stock qualifying, and Matt Smith held the top spot in Pro Stock Motorcycle.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Property Details for 325 E Paces Ferry Rd NE Apt 2103

325 E Paces Ferry Rd Ne Apt 2103, Atlanta, GA 30305
325 E Paces Ferry Rd Ne Apt 2103, Atlanta, GA 30305
Property Features
Bedrooms: 1
Baths Full Main: 1
Breakfast Bar325 E Paces Ferry Rd Ne Apt 2103, Atlanta, GA 30305
325 E Paces Ferry Rd Ne Apt 2103, Atlanta, GA 30305
Property Features
Bedroom Desc: Mstr On Main
Main Full Baths: 1
Dining Room Desc: Liv/Dine Rm Comb

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2018 Best Places To Live: 2 Georgia Cities Make US News Rankings

ATLANTA, GA — While it has Southern charm, Atlanta is also a hub of job creation in the hunt for Amazon’s second headquarters, a transit hub and a sports mecca, all of which placed the metro high in a new ranking of cities. Affordability, the availability of jobs and quality of life are all things people consider when deciding where to move. U.S. News & World Report’s 2018 Best Places to Live in the United States shows people are moving to the South, Western states and the Midwest. Atlanta came in at 47th place in the ranking of the country’s 125 largest metropolitan areas, while Augusta was ranked 76th.

Austin, Texas, was named the No. 1 best place to live for the second consecutive year. Colorado Springs, Colorado, took the No. 2 spot, bumping Denver, Colorado, to No. 3, and Des Moines, Iowa, came in at No. 4. Fayetteville, Arkansas, came in at No. 5 for the second year in a row. Rounding out the top 10 were Portland, Oregon; Huntsville, Alabama; Washington, D.C.; Minneapolis, Minnesota; and Seattle, Washington.

"When deciding on a place to settle down, it’s important to understand that where a person lives can impact their well-being," Kim Castro, executive editor at U.S. News, said in a news release. "U.S. News created the Best Places to Live to highlight areas across the country that have the characteristics residents are looking for, including steady job growth and affordability. The top-ranked places are areas where citizens can feel the most fulfilled socially, physically and financially."

(For more news like this, find your local Patch here. Like us on Facebook. Also, download the free Patch iPhone app or free Patch Android app.)

To come up with the 2018 Best Places to Live ranking, U.S. News looked at data from the Census Bureau, FBI and Department of Labor. The various qualities residents look for — for example, the job market, affordability and quality of life — were weighted according to the results of the of a public survey in which 2,500 random internet users in 125 metro areas were asked where they would prefer to live.

Americans were less interested in the number of people moving in or out of a metro area and the strength of the job market than they were in overall quality of life and affordability.

Here’s what the publication had to say about life in Atlanta:

"Sure, the sweet tea abounds and it’s common to hear the occasional "y’all" in casual conversation, but Atlanta has long been redefining prevailing perceptions of the South and its so-called Southern charm.
Among the nation’s fastest-growing metro areas, the Georgia capital is attracting newcomers from around the country, and people are looking to this part of the country for culture and commerce like never before. If you learn about everything Atlanta has to offer, it’s easy to see why. Atlanta features award-winning restaurants and chefs, iconic locales that rival any across the country – including the Tony Award-winning Alliance Theatre, the CNN Center and the Western hemisphere’s largest indoor aquarium.
Although a sprawling, constantly developing area may mean construction sites at every turn, a dense tree canopy covers any unsightliness, and prompts Atlanta’s reputation as the "city in a forest." The Chattahoochee River that traverses the metro area, and Stone Mountain, the world’s largest chunk of exposed granite, located just northeast of the city proper, also offer a quick escape from any urban anxiety. And there’s still a sense of that Southern charm that pervades the dynamic metropolis. "I’m not used to people holding the door open for me," transplants often say."

Though its population didn’t grow as quickly in 2016 as it did in previous years, Austin ranked high on the desirability survey. Colorado Springs got high marks for quality of life and a booming job market, and the Gallup Sharecare Well-Being Index shows residents generally feel fulfilled socially, physically and financially, and U.S. News said its data shows high school students in Colorado Springs are sufficiently prepared for college and face a better job market than others did in recent years. Des Moines moved up five spots on the list because of a decent cost of living, quality of life and increased job prospects.

Several cities were newcomers to the top 10, including Portland, which saw the largest jump in desirability of all cities on the list. Though the quality of life, net migration and job market rankings in Minneapolis didn’t change, more survey respondents expressed a desire to move their than they have in previous years.

U.S. News said one of the biggest surprises was Huntsville, which has the second-largest research park in the country in Cummings Research Park, which houses several major employers, including Science Applications International Corp., Northrop Grumman Corp. and the University of Alabama, all of which offer jobs in the burgeoning science, technology, engineering and math fields. The U.S. Army also employs a number of residents at Redstone Arsenal, where NASA’s Marshall Space Flight Center is located. Huntsville also boasts the highest value score out of all the places on the list.

PHOTO: An aerial view of the Atlanta skyline via Shutterstock

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Real Estate Notebook: Failure of Atlanta Beltline bill could delay major projects – Atlanta Business Chronicle

The Beltline has suffered a setback.

The 22-mile redevelopment of abandoned railroad corridors around the city, arguably the country’s largest urban renewal project, may now see some of its biggest ambitions delayed.

That’s because the so-called Beltline bill appears to be dead in the General Assembly, Atlanta Business Chronicle reported March 28.

The legislation would have allowed owners of commercial and multifamily properties along the Beltline to tax themselves to raise funds to complete a network of trails, which have become important urban spaces throughout parts of the city.

The legislation was not among 80 bills the Georgia Senate was scheduled to consider on the final two days of this year’s session.

The news comes just weeks after a high-point for the Beltline’s expansion, when the city and Atlanta BeltLine Inc. announced the purchase of 63 acres along the future Southside Trail for almost $26 million. It was one of the largest remaining land purchases needed to finish the Beltline, said Atlanta Mayor Keisha Lance Bottoms.

The Beltline legislation could have created a special district, where commercial property owners could have taxed themselves. The idea may have generated up to $100 million over the next 30 years. That would have supported major Beltline projects, including the $70 million to $90 million construction of the Southside Trail. It’s already more than halfway through its design phase. Now, that project and others may be delayed.

Beltline officials could view the setback much like they did the T-SPLOST defeat a few years ago — a disappointment that underscores their need to keep fund-raising.

But, losing $100 million stings.

The Beltline bill had cleared the Senate Economic Development and Tourism Committee. However, several senators questioned the legality of creating a special improvement district made up of commercial and multifamily properties along the Beltline, Atlanta Business Chronicle reported.

The state has a series of community improvement districts, particularly around metro Atlanta, that raise money for transportation improvements inside those districts, but there has never been an special improvement district in Georgia.

Toll Bros. enters Atlanta

National homebuilder Toll Brothers Inc. is starting work on a 348-unit apartment building in Brookhaven, where Emory University and Children’s Healthcare of Atlanta are expanding their campuses.

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Toll Brothers is starting a 348-unit project in Brookhaven.

Toll Brothers’ new project is taking shape in Executive Park at Interstate 85 and North Druid Hills Road. It’s inside Emory’s 60-acre healthcare campus and next to the Atlanta Hawks practice facility and Emory orthopedic outpatient center.

Nearby, Children’s Hospital of Atlanta has its $1.3 billion campus.

Both projects are reshaping development in Brookhaven along the North Druid Hills road corridor.

Toll Brothers is calling the project Oleander, its first apartment building in Atlanta. Stephen Bates, Atlanta director of acquisitions and development, said it’s a key piece of the area’s overall master plan.

The project is slated to be finished by Summer 2019.

Brookhaven is seeing a development boom along its eastern edge, where the two Atlanta health-care giants are the catalysts. Emory is developing 2.3-million-square feet on 70 acres in Executive Park. Children’s Healthcare of Atlanta chose the area for its Center for Advanced Pediatrics.

Focus Brands HQ sells

The corporate headquarters for Atlanta restaurant franchisor Focus Brands Inc. has sold for $18.3 million. Crossgate Partners bought the 63,049-square-foot building in Sandy Springs.

The seller was MidCity Real Estate Partners, the Atlanta real estate company that five years ago took a chance and purchased the former Crawford & Co. headquarters building when it was completely vacant.

Two years later, MidCity struck a big lease with Focus Brands, the franchisor and operator of more than 5,000 stores in 60 countries. Gary Lee, with Marcus & Millichap, brokered the sale of the building, which is part of the Glenridge Springs mixed-use development at Glenridge Drive and Interstate 285.

Chamblee mixed use

Three existing warehouses next to the Chamblee MARTA station are set for a makeover into a new mixed-use development.

Atlanta developer Parkside Partners is calling the project Eastside Chamblee, a 90,000-square-foot adaptive reuse of three existing warehouses on New Peachtree Road. It will include loft office space, retail space, a showroom and restaurants.

The three buildings will be renamed “The Row,” “Union” and “Link.” Each building will feature new roofs, skylights, enlarged windows, roll-up doors and amenity space.

Warner Summers is the architect.

Parkside Partners is marketing spaces at the project, ranging from 2,500 square feet to 48,000 square feet.

It hopes the adaptive-reuse development can mirror the success of its other Chamblee projects such as Trackside, a joint-venture with developer Pattillo Industrial Real Estate. That 74,000-square-foot office building has an anchor tenant in Pattillo and is also beside the Chamblee MARTA station.

Chamblee, a nearly 110-year-old former industrial area once known for railroads and dairies, has seen investment and development blossom. The projects are reshaping the city into a walkable community. Plans for a new town center are also underway.

Developers are eyeing projects in Chamblee because of its location along the Peachtree Road corridor just north of pricey Buckhead, where affordable, vacant properties have become somewhat scarce.

Chamblee is also benefiting from its connection to the MARTA station. Transit-oriented projects, including those in Chamblee, have grown into one of metro Atlanta’s most important development trends over the past several years.

University moving downtown

Herzing University is relocating from Buckhead to downtown, where it will occupy a full floor at the landmark Hurt Building.

Herzing will lease 30,000 square feet on the 4th floor. It will bring approximately 300 students to the historic building each day.

Jones Lang LaSalle Inc.’s Claire Ross and Mike Werner represented Hurt Building owner Gamma Real Estate.

The Hurt Building, with its triangular form influenced by Louis Sullivan and the Chicago School, has been a downtown landmark since the 1920s.

The building, at 50 Hurt Plaza in the Five Points area near Georgia State University, was developed by Atlanta engineer and b and builder Joel Hurt. It’s listed on the National Park Service’s registry of historic places.

Almost two years ago, New York real estate firm Gamma Real Estate, with local operating partner Dion Meltzer, bought the 18-story building for almost $33.6 million.

Downtown is seeing a resurgence that mirrors similar turnarounds in other U.S. cities.

In Atlanta, Newport, a German real estate company, plans to invest $500 million in a sweeping redevelopment of south downtown that one day will total 1.8 million square feet in the city’s historic commercial heart. Zeller Realty Group is another important player in downtown Atlanta’s renaissance, especially in the Fairlie-Poplar District, where MARTA, Georgia State University and a re-energized Woodruff Park are catalysts for new investment.

ATL DESIGN

A $100 million shark expansion got attacked.

Georgia Aquarium officials presented the project for the city’s fourth largest tourist attraction, but not everyone on the downtown development review committee was impressed with the design.

“There has to be a better solution,” said Robert Svedberg, a principal with TVSDesign, Atlanta’s 13th largest architectural firm.

While he appreciated the impact of the Aquarium on tourism and role in the community, Svedberg called the expansion’s design introverted, because it doesn’t have an entrance along Baker Street.

SPI (special public interest) zoning codes in the aquarium’s district of downtown call for an entry along a public way. Aquarium officials, however, are asking for a variance to waive that requirement. For now, the design of the new “Pemberton Place” would give pedestrians the effect of walking beside a long, solid wall as they make their way down Baker Street.

“It’s inconceivable,” Svedberg said. The committee hasn’t made a declaration about the project yet. “We have received positive feedback on the expansion and the proposed design,” said Debbie Campbell with the Georgia Aquarium.

She added, the aquarium contributes to the thriving neighborhood. “We are working closely with our community partners … and our design firm, PGAV,” she said.

A weekly recap of Atlanta’s real estate market.

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