Tuesday, April 30, 2013
Yes, more apartments coming to Buckhead.
How many times have you seen that headline in the last five months? Well, get used to it. Even more apartments are coming to Buckhead. COE Architecture International, an architecture firm based in Los Angeles, just finished its design plan to convert the aging nine-story office building at 550 Pharr Road into an apartment complex. According to the Atlanta Business Chronicle, the building was developed in the 1970s and was foreclosed upon in October for $7 million. Lyon Communities Development, based in Newport Beach, CA, is redeveloping the office building and named COE as its design firm. COE is best known for its renovation of Hollywood Palladium nightclub on Sunset Boulevard and has also worked on various high-profile residential …
Wednesday, April 17, 2013
Progress continues on the 355-unit apartment development located within the Terminus complex at the corner of Peachtree and Piedmont roads.
In March, Crescent Resources broke ground on Circle Terminus, a $67 million mixed-use community that will be the first apartment-living option in Buckhead’s Terminus master development. The 355-unit apartment development located within the Terminus complex at the corner of Peachtree and Piedmont roads. Circle Terminus will consist of three separate buildings which each have three levels of parking topped with five stories of apartments. Lord Aeck & Sargent of Atlanta is the project architect and Crescent Resources LLC is the site's developer. The first Circle Terminus units are expected to be available in the spring 2014. Check out the Circle Terminus project in this video, courtesy of Immovable Media. See also: Crescent Resources Starts …
Tuesday, March 5, 2013
250 units coming to Maple Drive; Site development begins on 355-unit Circle Terminus project.
Alliance Residential Co. submitted its building permit application to the City of Atlanta for its five-story apartment complex at at Maple Drive, between Peachtree Road and East Paces Ferry. What Now Atlanta reports that the Phoenix, AZ-based company plans to build the 250-unit multi-family housing for an estimated $25 million. The complex would be named Broadstone Maple Apartments and would sit on two acres after a small office building is razed, Atlanta Business Chronicle reported. In other apartment news, workers are making headway on the Circle Terminus project, a $67 million 355-unit apartment development located within the Terminus development at the corner of Peachtree and Piedmont roads. Circle Terminus will consist of three …
Monday, March 4, 2013
Buckhead is already home to many apartments and more are on the way. How many is too many for Buckhead?
Buckhead is a name synonymous with luxury, and everyone wants a piece of that, including those who live in apartments. The demand for apartments continues to increase and developers are flocking to Buckhead to offer the supply that will meet the demand. Former Atlanta Mayor Sam Massell said in his recent State of Buckhead address that more than 3,500 apartments were announced in 2012 to be in some stage of development in Buckhead. Massell did address "overbuilding" in his talk and said he was afraid that some of the apartments will be “struggling with rents.” If this pace of apartment-building continues, Buckhead will have doubled its inventory in six years, he said. It was just announced that Buckhead would be seeing another 700 apartment…
Thursday, February 21, 2013
"Buckhead is the address of choice," Massell said repeatedly in his annual State of Buckhead address to the Buckhead Business Association.
Former Atlanta Mayor and the undisputed “Mayor of Buckhead” Sam Massell told a packed house of about 75 businessmen and women that Buckhead is thriving and headed in a positive direction, due to its effective leadership and partly because of its continued development of more than 3,500 new apartments. Massell delivered his annual “State of Buckhead” address to the Buckhead Business Association at the City Club of Buckhead on Thursday morning, and his message boasted the community’s growth and continued prosperity due to its engaged and strong leadership base. “The state of Buckhead, economically, is one of very sound health,” Massell told Buckhead Patch after the breakfast meeting. “It’s continuing on a positive path.” The Buckhead name …
Sunday, August 28, 2011
Lawsuit brings end to tax abatement for JLB Pharr Road project
The Atlanta Development Authority has backed down from giving $62 million in bonds and a $2 million tax abatement for luxury apartments on Pharr Road in Buckhead. The ADA and the apartment developer JLB Pharr Road filed a "notice of voluntary dismissal" last week in Fulton County Superior Court after a lawsuit filed by the Fulton County Taxpayers' Foundation, according to foundation attorney John F. Woodham. The foundation's intervention "caused the ADA to capitulate and throw in the towel," Woodham said in an email "No more tax abatement." The case had been scheduled to go to a bond validation hearing last week before Superior Court Judge Doris L. Downs, but the voluntary dismissal was filed before the hearing. Work has begun on the …
Monday, August 22, 2011
Camden Trust also gives break on final month's rent
Camden Property Trust, the new owner of the Paces Apartments in Buckhead, has given residents until Jan. 15 to leave the complex. Last week, residents were notified that they'd have to leave within 30 days of receiving a letter from Camden and that "demolition of all buildings will be completed by the end of this year." But the Houston company, which recently purchased the 30-acre site for $39.3 million, has apparently put off the demolition plans until next year. Residents also were told they would not receive any financial renumeration from the company, but now they will not have to pay rent for the final month before moving out. The free month will be prorated, so that a resident moving out on Dec. 29 will receive 29 days free, while …
Wednesday, August 17, 2011
New owner Camden plans demoliton by end of this year, letter says
Paces Apartments residents soon will receive 30-day eviction notices from Camden Property Trust, the new owners of the sprawling, 30-acre complex in the heart of Buckhead. “There was no lead time given to anybody,” resident Margaret Harman said Tuesday. “There was a note stuck on your door.” The notice said that Camden plans to quickly demolish the apartments at the site at 77 E. Andrews Drive long owned by the Grant family. With frontage on East Andrews Drive and West Paces Ferry, Roswell and Valley roads, the property is a prime Buckhead location. The Houston-based Camden recently purchased the Paces for $39.3 million according to a report in the Atlanta Business Chronicle. “Currently the precise timing is not known, however it is …
Urbanist
1:25 pm on Monday, May 6, 2013
Ugly, Allie? This is distinctively different from pretty much every other building within Atlanta's skyline....which makes it unique and beautiful by default! more ›