Sandy Springs Business owners want more for Powers Ferry Landing
City leaders say the Powers Ferry Landing’s business district needs more encouragement and attention to get it out of its rut. Developers say the district has loads of undeveloped potential, but geography holds the area back. Many people aren’t aware Powers Ferry Landing is in Sandy Springs… Kirk Demetrops, a local real estate developer, said the interstate also provides challenges. “I think the traffic on I-285 alone caused this area to be more difficult to get to,” he said… Originally Published in the Sandy Springs Reporter Read More...
read moreMain Street Alliance publishes wish list
A group of Sandy Springs business owners are reminding the public of their vision for the city’s downtown while the city works to complete its master plan. The business owners call the previous efforts at downtown development “well-intentioned but ineffective” and say the city has a “difficult regulatory environment.” The business owners are part of the Main Street Alliance, a group of 30 companies that own 130 acres of property in downtown Sandy Springs… Alliance member Kirk Demetrops said the group felt the need to release a shorter, simpler version of its 2011 report because of the renewed focus on downtown development. “We wanted to reinforce that we think there’s a very simple set of solutions for downtown Sandy Springs, and to diverge from that, we think, would be a mistake,” Demetrops said… Originally Published in the Sandy Springs Reporter Read More...
read more2010 in Sandy Springs: parks, bridges, a new ceremony
The property was supposed to go to the dogs. Vines and bamboo covered the 27 acres on the edge of Bull Sluice Lake. Nobody thought much about the land in an out-of-the-way spot at the end of beat-up Morgan Falls Road. City officials figured it would be a good place for residents to exercise their pets… A group of property owners in downtown Sandy Springs formed a new group intended to develop a common vision for the city’s commercial center. Mimms Enterprises CEO Lonnie Mimms Jr., who helped pull the group together, said the organization hoped to make the area more than a speed bump on the commute from homes in Cobb County to jobs in the medical district nicknamed Pill Hill. “How do you take it back from commuter traffic?” Mimms asked. “There obviously is no easy answer, or it would have been done.” On Sept. 7, the organization, which included developers such as Kirk Demetrops and Jan Saperstein, presented its plan to the city officials. Mayor Eva Galambos hailed the presentation as “the beginning of a new world.”… Originally Published in the Sandy Springs Reporter Read More...
read moreReal estate vets aim to ‘reinvent’ properties
Forum Development Group co-founder Ron Pfohl and The Griffin Cos. President Kirk Demetrops are launching their new firm, MidCity Real Estate Partners Inc. The partnership was forged as Atlanta building owners face pressure to restructure debt on many of their properties as the job market slows leasing and rents and values continue to fall. The situation is creating opportunities for firms like MidCity Real Estate Partners to buy buildings and developments that are struggling to lease up in the current market. Originally Published in the Atlanta Business Chronicle. Read More...
read moreLaw Firm in talks for Terminus lease
Greenberg Traurig LLP is looking at Buckhead’s Terminus 200 office tower, where it could sign at least a 125,000-square-foot lease. Cousins Properties Inc., owner of the 25-story tower, has entered the early stages of negotiations with the law firm, a source familiar with the situation confirmed… Forum Development Group co-founder Ron Pfohl and The Griffin Cos. President Kirk Demetrops are launching their new firm, MidCity Real Estate Partners Inc. The partnership was forged as Atlanta building owners face pressure to restructure debt on many of their properties as the job market slows leasing and rents and values continue to fall. The situation is creating opportunities for firms like MidCity Real Estate Partners to buy buildings and developments that are struggling to lease up in the current market. Originally Published in the Atlanta Business Chronicle. Read More...
read more