Highest and Best Use
Highest and Best Use
I am frequently asked to describe the mission and skill set of MidCity. We say “we have vision,” “we are innovative,” “we can execute,” etc. Those are all true but one term, “highest and best use” seems to say it all to me. This somewhat academic term focuses on the potential changes to a property and if those changes are 1) financially feasible and will yield the highest risk adjusted financial return, 2) physically possible and 3) legally allowable (currently zoned or rezoned). For our own properties or in an advisory role, we excel at bringing properties to their highest and best value.
Kirk S. Demetrops
President & Founder
read moreOur latest properties
5616 Peachtree Road
Located in Downtown Chamblee at 5616 Peachtree Road, MidCity Real Estate Partners, with partner Anchor Capital Partners, delivered in 2020 a 36,500 SF fully renovated adaptive re-use / creative loft office. Winter Construction relocated their corporate headquarters from 191 Peachtree Tower to occupy 52% of the building. The Building is currently 95% leased. Downtown Chamblee is rapidly emerging as a highly desired corridor of office tenants seeking walkability, 24-hour activity, mass transit and superior access to the region.
NorthPlace
Award winning mixed-use project located on Barfield Road at Mt. Vernon Highway and GA 400 in the Central Perimeter submarket of Atlanta, GA. Project includes a 141 room Aloft Hotel and 102 “stacked” townhomes known as the Promenade at NorthPlace. NorthPlace offers a pad ready, zoned development site for high density (up to 12 stories) office and/or residential with ground floor retail. Superior access and prominent building signage to GA 400 are best-in-class for this project. For more information, please visit www.north.place
The Grove at Towne Center
MidCity’s second public-private town center development, The Grove at Towne Center has created a new 18-acre city center for Snellville, GA, a mature suburban city in the heart of Gwinnett County. MidCity’s partner CASTO, along with the City of Snellville and Gwinnett County, have delivered nine (9) new buildings and a 750-parking space parking deck. Buildings include The Tomlin (288 Class A apartments), Elizabeth H. Williams Gwinnett County Library, Thrive | Coworking, Northside Medical Snellville, The Market Building and 25,000 SF of restaurants and shops. The $100M+ project fully opens in 2024.
