Looking into ‘downtown’s’ future
The Sandy Springs Reporter recently invited a panel of people with an interest in the community and its future to contemplate what has happened and what might yet occur in the heart of our young city… Kirk Demetrops: I’m just going to step back and talk a little bit about the City Hall property. We can make our own plans, we can have pretty pictures, but I think we have to ask ourselves what we want it to be. Do we want it to just be a City Hall or do we want it to be a mixed-use property? I’ve heard a lot of different opinions. But we have to ask ourselves, “What should it be that will make it a catalyst?” That’s the real question. Because if we decide that it should just be a City Hall, but that it won’t be a catalyst for what we want the whole downtown to be… Originally Published in the Sandy Springs Reporter Read More...
read morePole Position
A recent run of good-sized deals and an improving vacancy picture have breathed new life into the once-moribund Central Perimeter office market. As a result, there’s more than one developer waiting for the right moment to start a new project — not necessarily wanting to build without an anchor tenant, but also not wanting to miss the boat altogether. The Griffin Co. Senior Vice President Kirk Demetrops said there is a lot of excitement about the Central Perimeter, which has 26 million square feet of office space… Originally Published in the Atlanta Business Chronicle. Read More...
read moreSandy Springs eyes remake of Roswell Road
Just as the city of Atlanta wants to transform its signature Peachtree Street into a Southern version of Chicago’s Magnificent Mile or New York’s Fifth Avenue, the fledgling city of Sandy Springs is trying to make Roswell Road its Peachtree… Kirk Demetrops, senior vice president of longtime Sandy Springs developer The Griffin Co., said Roswell Road would benefit greatly if Sandy Springs could get Fulton to re-establish the tax allocation district that was put in place just before its incorporation, or perhaps create a community improvement district for the corridor… Originally Published in the Atlanta Business Chronicle. Read More...
read moreThe residential plug-in
It’s called The Manhattan, a 27-story condominium tower that developers think foreshadows residential development in the Central Perimeter area in coming years. Southeast Capital Partners Inc. is building the 222-unit high-rise as part of Perimeter Place, the massive mixed-use project by The Sembler Co. across from Perimeter Mall… With two mixed-use projects in the works, The Griffin Co. is bullish on the Central Perimeter. “It’s always been a great office market but underserved residentially compared to everywhere else,” said Senior Vice President Kirk Demetrops. “People want to live close to where they work. Mixed-use is a way to underwrite these projects because you can deliver some parts now and wait on others…” Originally Published in the Atlanta Business Chronicle. Read More...
read moreMorris, Manning & Martin stays put at AFC
One of Atlanta’s largest law firms has decided to hold its place in Buckhead. Morris, Manning & Martin LLP has renewed and extended its lease in the east wing of the Atlanta Financial Center on Peachtree Road in Buckhead, said Tori Kerr, project manager for Hines Interests L.P., the co-owner of the office building… A longtime Atlanta developer has sold off its own home. The Griffin Co. has sold its own headquarters, Perimeter Place, an 82,800- square-foot office building at 800 Mount Vernon Highway in the Central Perimeter market. The buyer is Jackson Oats Shaw Corporate Real Estate, the upstart real estate investment firm that rounded up a bunch of money in 2004 to buy commercial properties throughout Atlanta… Originally Published in the Atlanta Business Chronicle. Read More...
read more