MidCity Signs Two New Leases, 5616 Peachtree Loft Office in Downtown Chamblee, GA now 95% Leased

ATLANTA, GA (February 1, 2024) – MidCity welcomes Architects Orange and ADAPT. Architects Orange, headquartered in California, is a multi-office full-service architect firm specializing in over 15 disciplines. ADAPT is an Atlanta based sports physical therapy clinic providing services in Fitness, Athletics, Therapy and Advanced therapeutic training programs.   About MidCity Real Estate Partners  MidCity Real Estate Partners invests/develops/redevelops Commercial, Residential and Mixed-Use Properties. Projects range from Award Winning Public-Private Town Centers to Vacant Office Buildings. MidCity excels at Value Creation through each phase of the CRE Business Cycle MidCity was founded in 2009 by Kirk S Demetrops, as successor company to The Griffin Company, a 35-year-old full service commercial real estate development and construction company where Mr. Demetrops was President.   With a combined 80 years of experience, MidCity offers a full range of expertise including: Acquisition/Disposition, Development and Construction Management, Master Developer, Marketing/Sales/Leasing, Asset Management and Advisory Services.   Current projects include The Grove at Towne Center (Snellville, GA), 5616 Peachtree (Chamblee, GA) and NorthPlace (Sandy Springs, GA). Previous projects include Alpharetta City Center, Focus Brands Headquarters, JAS Worldwide Headquarters, & Hammond 400 Office Park.   ### If you would like more information about this topic, please call MidCity at...

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Northside Medical Snellville opens at The Grove at Towne Center

Snellville Mayor Barbar Bender said the city’s The Grove at Towne Center is “catapulting us” into the future. And the addition of a new Northside Hospital medical building is a big part of that.   On Wednesday, Northside Hospital, Physicians Realty Trust and Realty Trust Group celebrated the opening of Northside Medical Snellville with a ribbon-cutting ceremony. The 45,000-square-foot medical office building and adjacent 7,500-square-foot medical retail building are part of Phase II of The Grove development.   Adding to the mixed-use development, Northside is bringing a multi-specialty surgery center, orthopedics, women’s imaging, general surgery and physical therapy to The Grove, located at 2306 Wisteria Drive.   “This is an exciting day for Northside, and it’s an exciting day for Snellville as well,” Debbie Bilbro, CEO of Northside Hospital Gwinnett and Northside Hospital Duluth, said. “For the first time, we have opened a Class A medical office building in Gwinnett County that is not on a hospital campus. It tells you what we’re planning to do for the future.”   Bender said the opening is a great day for Snellville residents and for the surrounding area.   “This completely rounds out our health care offerings in the city and provides so many great services, so convenient, for all of our citizens,” she said. “What a great time to be in Gwinnett — all of these great forces coming together and catapulting us into the future.   “In August we celebrated 100 years for the city of Snellville, and I like to think this Grove development and the downtown that we’re building is where Snellville’s come through 100 years and we’re setting it up for the next 100 years, and we’re so happy that Northside’s going to be a part of that.”   Gwinnett Chairwoman Nicole Love Hendrickson said the new medical center is a nice addition to the southeastern part of the county.   “This beautiful, beautiful state-of-the-art facility will address a variety of access needs for patients including surgery, orthopedic care and women’s imaging, just to name a few,” she said. “Patients will not only have quality care closer to home, but they’ll also have access to Northside Hospital’s broad network of best-in-class facilities with highly skilled, caring professionals who provide leading-edge care and therapy.”   Bilbro said Northside Hospital is committed to expand its resources to meet the health care needs of Gwinnett and surrounding communities, and Northside Medical Snellville is the latest large-scale investment by the hospital, joining the following projects: A new medical office building opened this spring on the Northside Gwinnett campus in Lawrenceville with imaging and surgical centers now open and other tenants expected in the coming months. Six Northside Hospital Health Choice Urgent Care centers in Gwinnett County, the latest having opened this month at 665 Duluth Highway in Lawrenceville. Continued work on a 15-story patient tower at Northside Hospital Gwinnett, which includes new imaging centers, additional cardiovascular and emergency surgical units, expanded ancillary and support services and more that is slated to be ready by 2025. Northside Medical Buford, a 100,000-square-foot building with a range of services on Buford Drive that’s expected to open next year. Northside Medical Braselton on Friendship Road in southern Hall County Construction where construction is underway.   “We hear it, that (Gwinnett County) is the second largest county in the state of Georgia,” Bilbro said, “but it’ll soon be the largest county in the state of Georgia. We want to be here to bring health care services to the community, closer to home, as we are doing today.”   This article first appeared in the Gwinnett...

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Honore Vista Zoning Approval Granted

ATLANTA, GA (September 12, 2023) – The Board of County Commissioners of Sarasota County, Florida have approved the mixed-use zoning of 32 acres on Honore Avenue, adjacent to Laurel Road and I-75 in Nokomis, FL. Located less than ½ mile from the new Sarasota Memorial Hospital, approved uses include multi-family, medical office, storage, hotel and assisted living. Construction is projected to begin in 2024.   About MidCity Real Estate Partners  MidCity Real Estate Partners invests/develops/redevelops Commercial, Residential and Mixed-Use Properties. Projects range from Award Winning Public-Private Town Centers to Vacant Office Buildings. MidCity excels at Value Creation through each phase of the CRE Business Cycle MidCity was founded in 2009 by Kirk S Demetrops, as successor company to The Griffin Company, a 35-year-old full service commercial real estate development and construction company where Mr. Demetrops was President.   With a combined 80 years of experience, MidCity offers a full range of expertise including: Acquisition/Disposition, Development and Construction Management, Master Developer, Marketing/Sales/Leasing, Asset Management and Advisory Services.   Current projects include The Grove at Towne Center (Snellville, GA), 5616 Peachtree (Chamblee, GA) and NorthPlace (Sandy Springs, GA). Previous projects include Alpharetta City Center, Focus Brands Headquarters, JAS Worldwide Headquarters, & Hammond 400 Office Park.   ### If you would like more information about this topic, please call MidCity at...

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Snellville food hall underway at new town center

Construction is starting on the brick centerpiece of The Grove at Towne Center, a major redevelopment project aimed at creating a downtown environment in Snellville. A two-story food and entertainment hall known as The Market is now underway. The 24,000-square-foot building will be one of the final pieces of the town center, which will comprise of a library, shops, restaurants, apartments, public space and other uses. In 2019, Snellville tapped CASTO and MidCity Real Estate Partners to develop the town center near U.S. 78. City leaders have spent decades pushing for the creation of a de facto downtown, an effort sweeping through Atlanta’s suburbs. Doraville and Johns Creek are a few of the other communities in the midst of adding similar projects. “Being in the retail business, you see the decline of malls, where people used to spend a lot of their time,” said Shannon Dixon, executive vice president of asset management, development and leasing at CASTO. “Now, people want to be able to shop, go to a brewery, be outside, work and live in the same place.” The Market is expected to reach completion in spring 2024, Dixon said, with a goal of attracting local and regional tenants. It will be built in front of The Grove Commons, a I-acre greenspace for events. The grass is already laid, while a stage with a tree-shaped canopy is now under construction. A shared parking deck with 750 spaces opened last year, followed by the completion of a mid-rise apartment building called The Tomlin. The units are nearing 95% occupancy after opening to residents in December. An additional 26 apartments will be available for move-in later this year. A collection of six buildings with shops, restaurants and other businesses are expected to be completed by the end of this year. Great American Cookie, Marble Slab Creamery, restaurant Parkside District and nail spa The Solan are among the first tenants to claim retail space. Gwinnett County Public Library is opening a new branch beside the future home of The Market. THRIVE Coworking is filling the top floor with 26 private offices, three conference rooms and phone booths. The rest of the library will be filled with meeting and collaboration rooms, learning labs, computer stations and study rooms. On the opposite side of Wisteria Drive from The Grove, Northside Hospital is close to wrapping up construction on a medical office building with an ambulatory surgery center, urgent care and other outpatient facilities. It plans to start assisting patients in November. Snellville is located 30 miles to the east of Atlanta. The Grove serves as an homage to the city’s history, as it bears the same name of a gathering spot for travelers and traders during the early 20th century. “It checked all the boxes for us as far as everything it could offer a community,” Dixon said. “It’s within 20 minutes of Atlanta, yet it’s close to scenic areas such as Stone Mountain.” This article first appeared in the Atlanta Business Chronicle on Aug 2, 2023 by Tyler Wilkins. To see the original article, click...

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MidCity Real Estate Partners Celebrates 14-Year Anniversary

ATLANTA, GA (July 3, 2023) – MidCity Real Estate Partners celebrated its 14-year anniversary on July 1, 2023. “We started July 1, 2009, at the depth of the Great Recession, hard to believe 14 years has gone by. I want to thank my team and partners for our continued success to deliver high quality projects” said MidCity’s President and Founder Kirk Demetrops.   About MidCity Real Estate Partners  MidCity Real Estate Partners invests/develops/redevelops Commercial, Residential and Mixed-Use Properties. Projects range from Award Winning Public-Private Town Centers to Vacant Office Buildings. MidCity excels at Value Creation through each phase of the CRE Business Cycle MidCity was founded in 2009 by Kirk S Demetrops, as successor company to The Griffin Company, a 35-year-old full service commercial real estate development and construction company where Mr. Demetrops was President.   With a combined 80 years of experience, MidCity offers a full range of expertise including: Acquisition/Disposition, Development and Construction Management, Master Developer, Marketing/Sales/Leasing, Asset Management and Advisory Services.   Current projects include The Grove at Towne Center (Snellville, GA), 5616 Peachtree (Chamblee, GA) and NorthPlace (Sandy Springs, GA). Previous projects include Alpharetta City Center, Focus Brands Headquarters, JAS Worldwide Headquarters, & Hammond 400 Office Park.   ### If you would like more information about this topic, please call MidCity at...

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Atlanta Office Leasing Picks Up Speed, But Sublease Availability Is Growing Faster

Companies offering their space for lease to other businesses are an increasingly large factor in the Atlanta office market. There was 7.7M SF of office space on the sublease market in Atlanta at the end of the first quarter, 34% more than a year ago and a new all-time high for the region, according to Avison Young’s quarterly report. Roughly 2.1M SF of that availability is currently vacant, while the majority of the sublease space is being occupied but marketed nonetheless, said Sara Barnes, the director of insight for Avison Young’s Southern region. But the 5.6M SF of office space on the sublease market is raising alarms for the health of the office market overall and exemplifies the continued uncertainty companies have with just how much office space will be enough at a time when hybrid work has become the norm, Barnes said. Four of the top 20 leases signed in the first quarter were sublease deals, including Procure Advisors’ 44K SF sublease at One Overton Park in the Cumberland/Galleria area, Colliers said in its quarterly report. Chronic uncertainty on office space needs can easily turn to actual vacancies once company leases run out. “Less space is the ultimate need of most companies,” said Kirk Demetrops, the founder of MidCity Real Estate Partners, a firm that has developed a number of corporate offices in Atlanta, including buildings for JAS Corp. in Central Perimeter and DataScan’s headquarters in Alpharetta City Center. “[Sublease space] is going to be a competitor in the marketplace.” As companies continue to gravitate toward newer offices in their efforts to recruit and retain workers, subleases are becoming a more viable option. With some subleases being offered with furnishings, taking over the space of another company is allowing corporate executives to tamp down on real estate expenses, Demetrops said. More offices were emptied than filled in the first quarter, with Metro Atlanta’s absorption turning a negative 42K SF, keeping the overall vacancy rate at 22.7%, according to Avison Young. While the 1.3M SF leasing activity was up by 1.7% over the fourth quarter, according to Cushman & Wakefield, much of that activity was dominated by companies renewing their leases. Some of the largest renewals this past quarter included Q2 Solutions’ 81K SF lease at 1600 Terrell Mill Road in Marietta and Paradies Lagardere’s 47K SF renewal at Overlook I in Cumberland/Galleria, according to Avison Young. “The day Covid hit in March ’20, the fate of our space has been debated in the newspapers,” Demetrops said. “Right now, it appears that it’s not coming back in the old form.” This article first appeared on the site Bisnow.com on April 24, 2023 by Jarred Schenke. To see the original article, click...

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