A Ripple Effect in Atlanta

A Ripple Effect in Atlanta The Atlanta, Georgia real estate market is booming in both the commercial and residential sectors, and local MidCity Real Estate Partners has its hand in developing the flourishing metro area. The master developer recently completed two projects – 5616 Peachtree Road and Alpharetta City Center – with its newest development, The Grove at Town Center in Snellville, scheduled to break ground in the fall of 2020. 5616 Peachtree Road, an office building northeast of Atlanta, opened in February 2020. The first of 10 new buildings at Alpharetta City Center (the corporate Headquarters of DataScan Holdings) were completed in 2018. MidCity is thrilled for the opportunity to contribute in-demand commercial and residential real estate to the area and has had the foresight to develop in the burgeoning Atlanta suburbs of Chamblee, Alpharetta and Snellville. As its commercial and mixed-use building open, the firm anticipates a response of more growth in the metro area. “These developments really cause a ripple effect,” says Kirk Demetrops, Principal, President and Founder of MidCity. “And, these walkable town centers in suburban locations may be in further demand post-COVID-19 Filling A Void 5616 Peachtree Road is a redeveloped 40,000 square-foot industrial structure previously owned by a perfume manufacturer. MidCity acquired the vacant property and developed it into an urban-style, open-layout office building with ample windows and parking. The site is in a walkable area near public transportation and restaurants with a direct connection to the Rail Trail (pedestrian/bike path) serving Chamblee. Many companies are choosing to move their headquarters to the area to cater to the needs and desires of young professionals. “[These companies] are going to areas not traditionally sought after, but this where their employees, many of them millennials, want to be – [places] that offer loft-style building, public transportation, walkability, a sense of place and other drivers,” says Demetrops. MidCity’s Alpharetta City Center project is an award-winning, mixed-use “town center” development that expands Alpharetta’s downtown area adjacent to City Hall and the county library. The $100 million project consists of 75,000 square feet of retail and dining, 36,000 square feet of Class A office space, 168 luxury apartments and 42 single-family homes. Demetrops says that one of MidCity’s most notable core competencies is its thorough understanding of the development process from inception to completion. Together, Demetrops and his business partner, Executive Vice President Roger White, determine the most valuable use of a given property for all parties involved, then implement the concept into panning, underwriting, zoning, design and budgeting. The firm maintains strong relationships with its architects, contractors and subcontractors, which helps the developer deliver the highest quality products. One of its long-time partners is Atlanta-based Fowler Design Associates, which worked on 5616 Peachtree Road. That being said, to align with the unique vision of a project, MidCity typically assembles a different team for each development. In some instances, such as a city center, the firm selects multiple architects. “We don’t want the building to look the same,” says Demetrops. “We want to have an architect or even several architects make it look like it was a lot of different people who built this town center over time.” In addition to architects, MidCity selects its residential, retail and housing partners based on the distinct needs of a mixed-use project. For the Alpharetta City Center development, the real estate firm partnered with South City Partners, Morris & Fellows and Hedgewood Homes. New Town Center MidCity’s upcoming project, The Grove at Town Center, is an 18-acre multi-use project spearheaded by the City of Snellville, which wanted to build a town...

read more

Snellville picks MidCity as developer for $85 million Towne Center project

Snellville is partnering with two developers on an $85 million first phase of its new town center, the latest suburban Atlanta city embracing the chance to create a vibrant downtown.   The Grove at Towne Center will be led by a joint venture of Casto, a more than 90-year-old real estate company based in Columbus, Ohio, and MidCity Real Estate Partners, an Atlanta firm that brought walkable, mixed-use development to downtown Alpharetta.   The first phase is set to begin in 2020, depending on the development team’s ability to secure construction financing in coming months. It will include 250 apartments and over 50,000 square feet of retail, restaurant, office and entertainment space. Paths for pedestrians and cyclists will also connect to the Snellville Greenway.   The Market Center will anchor the project. Early ideas for the building include a brew pub and upscale event space. The Commons area will also allow the city to create a public gathering space for festivals and other events.   The Grove at Towne Center is a microcosm of widespread downtown revitalization underway across the country, with local examples in Alpharetta, Duluth, Suwanee, Lawrenceville and other cities. As more people return to downtowns, it’s also a reminder of how many regional power retail centers and malls that flourished in the 80s and 90s are under pressure to stay relevant with consumers.   “Historically, in areas of the Northeast, the Midwest and Europe, the town center was everything,” said Kirk Demetrops, president of MidCity. “There was a 20-year trend where land was cheap, and the power centers and the malls were in vogue. There’s still room for those. But, the town center is coming back as a place that brings people together.”   “We’ve been working on this for a year,” Demetrops said. “It’s a really good match for us.”   This article first appeared in the Atlanta Business Chronicle on August 27th, 2019 by Douglas Sams. To see the original article, click...

read more

MidCity Real Estate Partners Nominated for Award from Urban Land Institute

MidCity Real Estate Partners is nominated by the Urban Land Institute as a finalist for the award of “Excellence in Town Center Development” for our work on the Alpharetta City Center. Learn more about the project here.

read more

Alpharetta City Center Wins Development Of Excellence Award

Alpharetta City Center, the public-private partnership redevelopment in the city’s core, was honored Friday with a 2018 Development of Excellence Award by the Atlanta Regional Commission.   The project won the award in the category of Exceptional Merit for Context-Sensitive Town Center Development. The awards, given during the agency’s State of the Region Breakfast held Nov. 2, recognize the developments and places that are improving quality of life in the 10-county Atlanta region.   Alpharetta City Center’s walkable 26 acres are home to Alpharetta City Hall, a Fulton County Library branch, as well as restaurants, retail, offices, luxury apartments, single-family houses, and 2.5 acres of green space. The project is a result of a public-private partnership whose groundwork was laid 15 years ago when the city first set forth its goals to build a true downtown through its LCI program. In the years since, it has worked steadily to create City Center from mostly underutilized commercial spaces around the intersection of North Main Street and Academy Street.   The transformation is dramatic, as the project has replaced an assortment of empty lots and underused buildings with a unified building design that blends seamlessly with the surrounding historic downtown, including a network of bike-ped paths that connect housing to schools, retail, and other amenities. The development is designed around five major green spaces. At its center, the Town Green connects the new City Hall to the restaurants and shops of Main Street.   City Center has attracted a great deal of development, including chef-driven restaurants and residential, retail, and offices — including DataScan, whose headquarters now fill a 26,000 square-foot building.   The development has important green touches, too. Pervious surfaces — which help reduce storm-water runoff — make up more than 10 of its 26 acres. This was accomplished by replacing old streets and parking lots with greenspaces that house freestanding buildings. In addition, pervious materials were installed wherever possible to mitigate storm-water, and an underground system filters storm-water runoff before it reaches the property’s detention pond.   The top award, the 2018 Development of Excellence, went to La France Walk, a residential community in Atlanta’s Edgewood neighborhood that features varied housing options and price points to encourage greater diversity and walkability.   ARC also presented its Great Places Award to The Aerotropolis Area, a dynamic part of the Atlanta region that includes communities around Hartsfield-Jackson Atlanta International Airport.   Other awards recognized: the city of Chamblee and Mercy Park senior housing and healthcare facility, and Constellations, a lovingly restored workspace in downtown Atlanta that honors the building’s history and the civil rights legacy of the neighborhood.   This article was first published by Patch on November 2nd, 2018 and was written by Kristal Dixon. To see the article as it was first published, click...

read more

ARC’s Developments of Excellence Awards Recognize Community-Enhancing Places

Alpharetta City Center is the beating heart of downtown Alpharetta. Its walkable 26 acres are home to Alpharetta City Hall, a Fulton County Library branch, as well as restaurants, retail, offices, luxury apartments, single-family houses, and 2.5 acres of green space.   The project is a result of a public-private partnership whose groundwork was laid 15 years ago when the city of Alpharetta first set forth its goals to build a true downtown through its LCI program. In the years since, it has worked steadily to create City Center from mostly underutilized commercial spaces around the intersection of N. Main Street and Academy Street.   The transformation is dramatic. The City Center has replaced an assortment of empty lots and underused buildings with a unified building design that blends seamlessly with the surrounding historic downtown, including a network of bike-ped paths that connect housing to schools, retail, and other amenities. The development is designed around five major green spaces.  At its center, the Town Green connects the new City Hall to the restaurants and shops of Main Street.   City Center has attracted a great deal of development, such as chef-driven restaurants and residential, retail, and offices — including DataScan, whose headquarters now fill 36,000 of a 45,000 square-foot building.   The development has important green touches, too. Pervious surfaces — which help reduce storm-water runoff — make up more than 10 of its 26 acres. This was accomplished by replacing old streets and parking lots with green spaces that house freestanding buildings. In addition, pervious materials were installed wherever possible to mitigate storm-water, and an underground system filters storm-water runoff before it reaches the property’s detention pond.   This article was first published by the Atlanta Regional Commission on November 2nd, 2018. To read the original posting of this article, click...

read more

Developer proposes swapping hotel for office building in Sandy Springs, Ga.

A developer wants to change a 14-year-old plan for a project in Sandy Springs to swap a hotel for one of two office buildings.   MidCity Real Estate Partners sees demand for an additional hotel due to the Mercedes-Benz USA headquarters and the City Springs mixed-use development nearby the 3.7-acre NorthPlace site at Barfield Road and Mount Vernon Highway, according to a Reporter Newspapers story.   Fulton County approved the original designs for NorthPlace in 2004 before Sandy Springs incorporated. MidCity Real Estate Partners is seeking to have Sandy Springs approve a hotel in place of one of the office buildings, with construction to start next year.   The building site at 6403 Barfield Road is west of Ga. 400 and is adjacent to the Promenade at Northplace condo development. It is located at 6403 Barfield Road.   The original plan was for two multistory office buildings with ground-floor retail. Under the new proposal, one of those buildings would become a 7-story Aloft hotel, a brand owned by hotel chain Marriott.   The footprint is identical, and the only change is the use of one of the buildings, said MidCity executive Kirk Demetrops. Read more here.   This story was originally published in the Atlanta Business Chronicle on October 3rd, 2018 and is written by Jessica Saunders. To read the original post, click...

read more