Future looks uncertain for developer Griffin Co.
The Griffin Co., the Sandy Springs-based real estate development company, apparently is going through a potential reorganization at the least and could be dissolved, according to rumors on the street, after the unexpected death of founder Joel Griffin in late February. Among the rumors in the past week were that the company’s office was being closed, that there had been many layoffs and that Kirk Demetrops, who was named president of the company last fall, was no longer running the company… Originally Published in the Sandy Springs Reporter Read More...
read moreDeveloper Griffin dies at 62
A great visionary. Committed to his community. A true professional. An engaging, self-made man. A tremendous dreamer. Those were terms used to describe fifth-generation Atlantan and Sandy Springs civic and business leader Joel Justin Griffin, 62, who died of a heart attack at home Feb. 27. Griffin started Sandy Springs-based The Griffin Co. in 1975 to develop neighborhood shopping centers. In the early 1980s, the company pioneered office condominiums and developed six office condominium parks, totaling more than 850,000 square feet, and the landmark 20-story, 350,000-square-foot office condominium The Peachtree in Midtown… Originally Published in the Sandy Springs Reporter Read More...
read moreGriffin plans City Centre development
Sandy Springs native Joel Griffin’s development company, The Griffin Company, plans to build MainStreet Sandy Springs, the first major mixed-use residential/retail/office project on Roswell Road, in the heart of the area city officials have designated as the city’s Town Centre. The $75 million project, on a 5.24 –acre site in the 6000 block of Roswell Road that includes the Bank of America building, will include 75,000 square feet of professional office space, 50,000 square feet of retail shop space and 280 luxury residences. Griffin said the plaza along the drive in from Roswell Road will be a focal point of the development… Originally Published in the Sandy Springs Reporter Read More...
read moreDevelopers, users cozy up to condominiums
The benefits of owning their own buildings, combined with a lack of single-user facilities for sale, is driving demand for office, office/warehouse and (to a limited extent) retail condominiums among Atlanta-area businesses. Developers, meanwhile, often find working this niche of the property market more profitable in submarkets where, although occupancy is healthy, rents may be low… Farther north, The Griffin Co. sold out its 11,600-square-foot 50 Old Ivy office development in Buckhead upon completion last summer. Meanwhile, half of the 90,000 square feet of office on tap for its planned Centennial Walk mixed-use development in Roswell will be of the for-sale variety, according to Griffin Senior Vice President Kirk Demetrops… Originally Published in the Atlanta Business Chronicle. 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 more