The 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 moreHines unloading two metro area buildings
The builders of King & Spalding LLP’s office tower in Midtown are unloading two other area office buildings. In September, California Public Employees’ Retirement System (CalPERS) and minority owner Hines Interests L.P. sold off its interest in Overlook III, a 438,000-square-foot office tower on Paces Ferry Road in Cobb County… Flippin’ burgers The Griffin Co. has scrapped plans for a SoBo (South Buckhead) office condominium building. The developer instead has put the 1.6-acre site at 1820 Peachtree up for sale for an undisclosed sum. “Our concept for 1820 Peachtree right now is on hold,” said Kirk Demetrops, senior vice president of Griffin… Originally Published in the Atlanta Business Chronicle. Read More...
read moreFlippin’ Burgers
The Griffin Co. has scrapped plans for a SoBo (South Buckhead) office condominium building. The developer instead has put the 1.6-acre site at 1820 Peachtree up for sale for an undisclosed sum. “Our concept for 1820 Peachtree right now is on hold,” said Kirk Demetrops, senior vice president of Griffin. The site — between the Macquarium Building and the former Mayflower apartments — is currently home to a Wendy’s restaurant. Griffin, which purchased the parcel in 2003 for $2.75 million, had plans to develop an 11-story, 145,000-square-foot office/condo project. Originally Published in the Atlanta Business Chronicle. Read More...
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