City Springs to Life: Arts Anchor for Sandy Springs new city center
Demetrops is a former owner of the lot where the Adley at City Springs mixed-use project is being built within the City Springs district. He’s also now the developer of Alpharetta’s City Center, a similar downtown place-making project.He said City Springs should be a “tremendous asset for the city for years.” “With our … experience [and] involvement in town centers, we find that there is a desire to create an identity, or personality, for the town center. The Performing Arts Center and distinctive architecture of the entire project, in my opinion, are the unique features,” he said. Read the entire article here: Sandy Springs...
read moreChildress Klein, MidCity Plan Atlanta Office Park
Atlanta—Childress Klein and MidCity Real Estate Partners recently snapped up the NorthPlace project development site in Atlanta’s Central Perimeter submarket, paving the way for an office park featuring as much as 370,000 square feet. It’s a case of déjà vu for MidCity, which, in 2015, joined forces with Crocker Partners on the same project. No one’s talking dollar signs pertaining to the transaction with the seller, who was, according to Fulton County records, CP NorthPlace LLC, an entity controlled by Crocker Partners. While previous plans for NorthPlace called for three buildings, Childress Klein and MidCity envision two office towers on the 3.7-acre site; one offering 250,000 square feet and the other featuring 120,000 square feet. MidCity will manage construction operations for the project, which should find a warm reception. Demand in Central Perimeter appears to be none too shabby, particularly if dollar signs tell the story. Class A asking rents in the submarket reached almost $28.5 per square-foot in the fourth quarter of 2016, beating out metro Atlanta’s record high Class A average of $27.5 per square-foot by nearly an entire dollar. As Kirk Demetrops, president of MidCity Real Estate Partners, said in a prepared statement, “Central Perimeter continues to be one of Atlanta’s most desirable markets for office users.” MidCity will spearhead leasing at the Warner Summers-designed NorthPlace, targeting corporate and medical office users. This article originally appeared in CP Executive. Click here for the original article. ...
read moreChildress Klein, MidCity to Develop 370,000 SF Office Project in Atlanta’s Central Perimeter
SANDY SPRINGS, GA. — A joint venture between Childress Klein and MidCity Real Estate Partners has purchased 3.7 acres of land in Sandy Springs for the development of NorthPlace, a two-building office campus totaling 370,000 square feet. Situated within Atlanta’s Central Perimeter office submarket, the office development will sit at the intersection of Barfield Road and Mount Vernon Highway, one block from the new Mercedes-Benz U.S. headquarters and two blocks from the Sandy Springs MARTA station. Comprising a 250,000-square-foot building and 120,000-square-foot building, NorthPlace will offer signage visibility along Ga. 400. Childress Klein and MidCity will co-develop the property, and MidCity will oversee day-to-day construction responsibilities and will market the project to prospective corporate and medical tenants. A timeline for construction has not been announced at this time. Click here to read the original article in REBusiness Online...
read moreCrane Watch Update: Colony Square, North Place, 1105 West Peachtree
A new year kicks off with several big projects entering the planning and development pipeline — from the far northern Atlanta suburbs to Midtown. Atlanta Business Chronicle is keeping track of the latest with its interactive feature Crane Watch, a map of all the new projects on your skyline and in your neighborhoods. See the updated Crane Watch map here. In Sandy Springs, Childress Klein and MidCity Real Estate Partners recently formed a joint venture on a 3.7-acre property at Barfield Road and Mount Vernon Highway. The project is called NorthPlace. Click here to view the original article in the Atlanta Business Chronicle. ...
read moreNew momentum for big Sandy Springs office project
Plans for a 370,000-square-foot Sandy Springs office project overlooking Georgia 400 may have new momentum. Atlanta’s Childress Klein and MidCity Real Estate Partners recently formed a new joint venture on the 3.7-acre property at Barfield Road and Mount Vernon Highway. Click here to view the original article in the Atlanta Business Chronicle.
read moreNew developer takes on Roswell Road mixed-use project in Sandy Springs
Davis Development is the new developer of the mixed-use project planned for 6075-6077 Roswell Road, according to property owner Kirk Demetrops of MidCity Real Estate Partners. Camden USA pulled out of the high-profile project late last year. “We got a strong group that intends to move forward with the project as approved,” Demetrops said, calling Georgia-based Davis a “really top-notch developer of multi-family housing.” The 4-acre project would replace an existing office building and post office with 291 apartment units, commercial space and a parking deck. Construction may start late this year after existing tenants’ leases expire, Demetrops said. The Davis project is next door to Mill Creek’s similar large-scale, mixed-use redevelopment of the Hilderbrand Court shopping center, which began demolition work last month. Kirk S. Demetrops is president of MidCity Real Estate Partners This article originally appeared in the Sandy Springs Reporter...
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