$80M ‘City Center’ could transform Alpharetta
The development team, led by Atlanta-based MidCity Real Estate Partners and Morris & Fellows, is finalizing arrangements with capital partners. The project could include 220 housing units, 75,000 square feet of retail and restaurant space, and 33,000 square feet of office. It’s an extension of the $30 million first phase of the Alpharetta City Center project that is anchored by city hall. This Article Originally Ran In The Atlanta Business Chronicle For More, Please Click...
read moreIs a new city vision taking shape on Roswell Road?
Across the street, in the 6000 block of Roswell Road, developer Kirk Demetrops with MidCity Partners is requesting a zoning change for the property, where a seven-story office building and Bank of America stand. According to Demetrops, Bank of America has been issued a building permit to construct a new branch where KFC and Checkers were located, adjacent to the proposed development. If rezoning is approved by Sandy Springs City Council, the MidCity Partners development could include a mix of office, retail and residential. That project is scheduled to go before the Planning Commission on Jan. 15 and the council on Feb. 17. This Article Originally Ran In The Sandy Springs Reporter For More, Please Click Here and Turn to Page...
read moreHighwoods adds One Alliance for $140 Million
Highwoods Properties Inc. continues expanding its portfolio of intown trophy office towers. Highwoods (NYSE: HIW) has acquired One Alliance Center, a 20-story building in Buckhead, an affluent section north of downtown Atlanta that’s filled with the city’s densest concentration of luxury shopping, and several of its largest investment banking firms and commercial real estate companies. The Raleigh, N.C.-based real estate investment trust paid about $140 million for the 22-story tower. Its total investment is expected to be $143.4 million, or $259 per square foot. That includes the purchase price and $2.9 million in building and tenant improvements committed under existing leases… MidCity buys former Crawford HQ MidCity Real Estate Partners is expanding its presence in the metro region’s largest and most active office submarket… Originally Published in the Atlanta Business Chronicle. Read More...
read moreMidCity buys former Crawford HQ
MidCity Real Estate Partners is expanding its presence in the metro region’s largest and most active office submarket. MidCity has acquired the former Crawford & Co. building at the Perimeter and Georgia 400 for $3.1 million, or $36 a square foot. The building has been vacant since Crawford & Co. relocated in 2007. MidCity plans to completely restore the 85,000-square-foot former headquarters. Additional investment could exceed $7 million… Originally Published in the Atlanta Business Chronicle. Read More...
read moreYear in review: What 2012 was about, for Sandy Springs
In 2012, Sandy Springs began a time of rapid change. The city settled lawsuits that had dragged on for years, pursued economic development and completed a design of plans for what leaders hope will be a vibrant downtown… Major business news included Branch Properties’ decision to buy the struggling City Walk development, and Regent Partners has purchased the Concourse Corporate Center in Sandy Springs, which includes the iconic King and Queen buildings. The Sandy Springs/Perimeter Chamber of Commerce began promoting its initiative to turn the city’s famous “Pill Hill” into a Silicon Valley of medicine. Kirk Demetrops, president of MidCity Real Estate Partners, announced a $36 million development of seven medical office buildings at the northwest corner of Ga. 400 and North Hammond Drive. The city also hired an economic development director, Andrea Hall… Originally Published in the Sandy Springs Reporter Read More...
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