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...

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Winter Construction leaving 50-story downtown tower for Chamblee

Winter Construction is leaving a 50-story downtown tower for creative office space in Chamblee.   The nearly 60-year-old Atlanta company is relocating from 191 Peachtree to a small warehouse at 5616 Peachtree Road that is being renovated in downtown Chamblee.   The Chamblee building will be converted into loft office space. Winter will serve as general contractor for the project. It plans to move into the building by February.   “It’s the latest example of a company moving out of a class A space because they wanted a different kind of environment,” said Kirk Demetrops, president and founder of Atlanta-based MidCity Real Estate Partners.   Winter’s decision comes a few months after consulting giant McKinsey & Co. said it was relocating from downtown to a $200 million project on the Atlanta Beltline’s Eastside Trail. Other companies have also moved from traditional office towers in parts of the city such as Buckhead.   A joint venture between MidCity and Anchor Capital Partners acquired the 42,500-square-foot building, which is in a part of Chamblee transforming into a walkable area filled with restaurants and connected by a trail system. The joint venture paid almost $3.5 million for the property.   Plans call for renovating the industrial building into a 36,500-square-foot creative office project.   Chamblee is in the midst of a renaissance because it has embraced the development of apartments in vibrant mixed-use projects, Demetrops said. Many of the city’s older industrial buildings are being retrofitted, and they are attracting both companies and new restaurants to fill that space.   Chamblee is also benefitting from the ongoing redevelopment of the former giant General Motors plant. The planned $2 billion Assembly Yards project is just north of where MidCity and Anchor are renovating their building.   Cushman and Wakefield was the broker in the relocation of Winter to Chamblee. Patterson Real Estate Advisory Group arranged the construction loan and JV equity financing. First Citizens Bank is providing the construction loan.   This article was first published in the Atlanta Business Chronical on August 19th, 2019 by Douglas Sams. To read the original publication click...

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Aloft hotel planned for Sandy Springs

An Aloft hotel is planned for a new mixed-use project in Sandy Springs. A joint venture of Childress Klein and MidCity Real Estate Partners sold a 0.65-acre site for the 140-key hotel at its NorthPlace development. RevPAR Development paid $3 million for the site and will develop the hotel. It’s planned at Barfield Road and Mount Vernon Highway, near the headquarters of Mercedes-Benz U.S. and the Sandy Springs MARTA station. The NorthPlace project will also include a 250,000-square-foot office and retail building developed by Childress Klein and MidCity. Aloft is a contemporary hotel brand under Marriott International Inc. It serves to complement the W brand, offering a similar stay at more affordable prices. Georgia’s first Aloft opened downtown near Centennial Olympic Park in 2014. “Office tenants are looking for an amenitized environment,” said Kirk Demetrops, president and founder of MidCity. “Aloft is a great complement to the mixed-use project.” Another Aloft hotel is planned at SunTrust Park. This is an excerpt from an article that was first published in the Atlanta Business Chronical on August 2nd, 2019 and is written by Amy Wenk. To read the article in its original publication, click...

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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.

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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...

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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...

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