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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GA WOW Houses: Indoor Pool, Outdoor Lounge, 22,000 Square Feet

Whether you’re looking for a new home or the latest in design trends or just looking for ample square footage for more closet space or a walk-in shower — why not start at the top?

Here are some of the top homes featured this week on Patch sites in the Atlanta area. Click on the photo or the headline for more photos and info. You can also scroll down for a list of the latest homes on the market a little closer to home.

WOW House: 22,000 Square Foot Gated Estate In Atlanta

There’s "roomy." Then there’s this week’s "WOW!" House for Atlanta. Checking in at an amazing 22,000 square feet, there’s lots of room to roam in this majestic, gated European-style estate.

Hiram Wow House: $1,150,000 Buys 11 Acres, Mineral Water Pool

This gorgeous Southern Living, custom-built estate is on 17.28 acres of the most beautiful land you will see.

WOW House: Indoor Pool, Huge Columns In DeKalb

Built in 1976, this gated estate home in Stone Mountain’s Smokerise area underwent a renovation which was completed in 2015. This week’s "WOW!" House for DeKalb Countysits on 3.3 acres and is a roomy 9,732 square feet.

WOW House: $2.6M Southern Plantation Estate

Magnificent 12+-acre estate nestled on the border of Roswell and Woodstock. A long winding drive, tranquil pond, pastures and woods set the stage for a southern plantation home that is a masterpiece of design and detail.

WOW House: Outdoor Fireside Lounge, 5-Car Garage In Cobb

This three-story custom estate home in Marietta is this week’s "WOW!" House for Cobb County, offering the best of luxury living both indoors and out.

Take a look at more metro Atlanta real estate news:

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Best in Real Estate: $1B Children’s Healthcare of Atlanta hospital a key feature of new campus – Atlanta Business Chronicle

The more than $1 billion Children’s Healthcare of Atlanta pediatric hospital will be a centerpiece in the health system’s planned “healing environment,” built just for children, that is unique to the state of Georgia.

CHOA’s North Druid Hills Campus is the Mixed Use/Special Use Deal of the Year winner this year in Atlanta Business Chronicle’s Best in Atlanta Real Estate Awards.

CHOA is the largest healthcare provider for children in Georgia and one of the largest pediatric clinical care providers in the country.

Last November, Children’s Healthcare unveiled a proposed master plan for its new, 70-plus-acre North Druid Hills Campus. The plan was formulated with input from community members, patient families, physicians, nurses, employees and local government leaders. It will transform primarily older low-rise office buildings in the Interstate 85/North Druid Hills Road area into what CHOA describes as “a pediatric healthcare destination set in a healing, natural landscape.”

CHOA needs the new campus to keep up with population growth.

“We realized in 2016 that we would need to grow to overcome the space constraints at our primary campuses,” CHOA CEO Donna Hyland said. And, “We looked at this challenge as an opportunity to build a new hospital and campus that will allow Children’s to deliver better outcomes for Georgia’s kids, and foster a healthy, active community.”

The North Druid Hills project includes a $1 billion-plus hospital to replace CHOA’s current Egleston Hospital facility, located on the Emory University campus. The new hospital will have two patient towers, with 446 beds housed above a four-story diagnosis and treatment area. Plans also call for a clinical support building to be attached to the hospital.

The new Children’s campus will also boast more than 20 acres of green space, including paths and walking trails.

“Our campus will be a more than 70-acre healing environment built just for kids, which is a first for our state,” said Hyland, “and science shows that kids get better faster, and their outcomes improve, when they are in natural environments with fresh air and sunlight.”

The project also includes the 260,000-square-foot Center for Advanced Pediatrics, which is under construction with completion slated later this year.

Children’s anticipates investing more than $40 million to help improve public health and safety near the campus, including a redesign of the I-85/North Druid Hills intersection.

CHOA was named a Best in Atlanta Real Estate Awards finalist in 2017, with Emory University, for land assemblage in the area.

Children’s expects its Development of Regional Impact (DRI) review to take four to six months from the Jan. 31 submission. Construction will likely begin in 2020, with anticipated completion in 2026.

The City of Brookhaven annexed about 18 acres of the new campus late last year.

“Once completed, the Children’s Healthcare campus will be the majestic southern gateway into the City of Brookhaven,” Mayor John Ernst said.

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GA: Atlanta Transit Bills Headed for Votes This Week

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DataBank And Georgia Tech Team Up To Develop New Data Center In Atlanta’s Technology Square

A new public-private partnership between DataBank and the Georgia Institute of Technology is in the works to deliver enhanced solutions to a growing and sophisticated Atlanta technology base.

DataBank, a provider of data center, cloud and interconnection services, announced it will develop a 94K SF data center in downtown Atlanta. Georgia Tech will be an anchor tenant, and university students will have the opportunity to work with advanced equipment and computing systems. The data center will enable students to gain research experience and work alongside business professionals.

The new data center enters the market as Atlanta continues to become a hotspot for data center real estate. As more companies relocate to the city, workers and their families are migrating to the greater Atlanta area. More people are using technology for work and play, and the need for reliable digital connectivity is higher than ever. To meet this increasing demand, companies and agencies have begun leasing space in data center facilities.

The industry initially saw data center investments in major markets including New York, New Jersey, Dallas, Chicago, San Francisco and Ashburn, Virginia. There is now increased need for data connectivity in emerging tech hubs like Minneapolis, Pittsburgh, Cleveland and Atlanta.

“We’re seeing much more demand in what we in the industry refer to as edge markets, which are essentially emerging cities like Atlanta,” DataBank CEO Raul K. Martynek said. “It’s all about finding markets with untapped potential.”

The new facility at Georgia Tech is part of Porter Holdings’ 645K SF mixed-use office complex at the university’s Technology Square. Students and faculty will have access to insights using the space’s high-performance computing center, which can provide information at a higher speed than the average computer. Georgia Tech will provide power for 50% of the development and plans to lease out the other half.

“This partnership will provide an opportunity to drive data further,” Martynek said. “The center will help Georgia Tech increase interaction with public and private actors in the Atlanta tech space. Another gratifying aspect to the partnership is that it is an opportunity to better prepare Georgia Tech students for their high-tech careers."

The partnership also gives DataBank the chance to expand its footprint in Atlanta. The engineering talent at Georgia Tech will be an integral part of the center’s success. The institution’s access to analytics and strong partnerships with the National Institutes of Health and the National Science Foundation will help DataBank drive innovation in the industry, Martynek said.

"Technology Square represents a significant investment by Georgia Tech, the City of Atlanta and the State of Georgia to create and advance a vibrant technology ecosystem around the university,” Georgia Tech Executive Vice President for Administration and Finance Steven Swant said in a statement. “The data center is at the core of that effort."

This development is only the beginning. Just about every industry is using data, analytics and software in one way or another, Martynek said. The continued growth of data centers in cities across the country is proof that demand for connectivity is not slowing down. The acceleration of cloud adoption is expected to double the size of the data center industry over the next five years.

Martynek will be speaking at the Data Center Investment Conference & Expo Southeast in Atlanta. Find out more here.

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Property Details for 3655 Habersham Rd Unit 376B

3655 Habersham Rd Unit 376 B, Atlanta, GA 30305
3655 Habersham Rd Unit 376 B, Atlanta, GA 30305
Property Features
Beds Total: 1
Main Full Baths: 1

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Atlanta Schools Make Decision On Thursday Classes

ATLANTA, GA — Atlanta Public Schools will remain closed for a second day on Thursday, with frozen roadways and bitterly cold conditions in the metro area expected to last at least another 24 hours.

On its website, the school system said the decision was made in conjunction with Gov. Nathan Deal’s decision to close state offices for a second day as well.

APS Superintendent Meria Carstarphen announced the decision on Twitter, saying extreme cold temperatures and icy road conditions are expected to persist and that holding school would not be safe for staff, students or school buses in the metro area.

Wednesday morning, the Atlanta Police Department said it had worked 93 traffic accidents since midnight — seven of the with injuries. Deal had issued a state of emergency late Tuesday for 83 counties, spanning much of north and central Georgia, urging Georgians to stay off of roads that iced up in freezing temperatures overnight.

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Most areas of north and west Georgia received up to an inch of snow Tuesday afternoon and overnight, according to the National Weather Service. Shortly before 1 p.m. Wednesday, the temperature in Atlanta was still a frigid 18 degrees, according to the National Weather Service.

Alert: All APS schools as well as district office to remain closed Thursday, January 18. pic.twitter.com/ly9Z4kCv7O— ATL Public Schools (@apsupdate) January 17, 2018

Photo via Atlanta Public Schools Superintendent Meria Carstarphen

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Jonathan Rose, Columbia to Complete $18M ATL Redevelopment

Rendering of Edgewood Court redevelopment

A partnership between Jonathan Rose Cos. and Columbia Residential has purchased a 204-unit apartment community in the Edgewood neighborhood of Atlanta. Edgewood Court Apartments is fully affordable, with all units designated for people at or below 60 percent area median income.

Jonathan Rose partnered with Columbia Residential as a co-owner, co-developer and long-term property manager. The two companies have an $18 million capital budget for the redevelopment of Edgewood Court. Financing will be provided by Georgia Department of Community Affairs through an allocation of 4 percent Low-Income Housing Tax Credits and tax-exempt bonds issued by Invest Atlanta. The property was constructed in 1950 and received renovations in 1981. All of its units are part of the federal HUD Section 8 program. The federal contract will be renewed for 20 years.

“At a crucial moment when Atlanta and the rest of the country is facing an affordable housing crisis, it’s more important than ever to create and preserve quality and affordable communities for an undeserved population. We’re committed to delivering sustainable, state-of-the-art housing and accessible community services that will enhance lives and serve families for years to come,” said Jim Grauley, co-founder & partner at Columbia Residential, in a prepared statement.

Upcoming features

Edgewood Court currently comprises 62 one-bedroom, 119 two-bedroom and 23 three-bedroom units.

The new owners’ renovation plan focuses on energy conservation and sustainability measures certified by Enterprise Green Communities. Upgrades will include:

18 additional ADA-accessible units New amenities like a fitness center, computer lab, community garden and a playground. Repaved roads and walkways New roof and gutters

Construction will begin in the first quarter of 2018 and is slated for completion in early 2019.

Located at 1572 Hardee St., Edgewood Court is near multiple recreational destinations, such as parks and a soccer field. There are also nearby bus stations and a subway station can be reached in about 20 minutes. The intersection of Moreland Avenue and Caroline Street presents multiple shopping and dining destinations, less than a mile away, while downtown Atlanta can be reached in about 10 minutes.

“Edgewood Court represents a terrific opportunity to work with residents and local stakeholders to revitalize and preserve this community amidst a rapidly transforming neighborhood,” said Nathan Taft, managing director of acquisitions at Jonathan Rose Cos., in a prepared statement. “We are pleased to work with Columbia to further our mission in Atlanta and to have received the support of Invest Atlanta and Georgia DCA to purchase and transform the property into a community of opportunity.”

Image courtesy of Jonathan Rose Cos.

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