Written: June 21, 2017

306 new homes proposed in Cobb County

Developers are proposing four new residential developments in Cobb County that would have a total of 306 homes.

3757 Floyd Rd Property LLC is proposing a 58-unit townhome community on 7.3 acres. Homes would be 1,500 to 2,000 square feet and up, according to plans filed with Cobb planners.

Meritage Homes of Georgia LLC is proposing 174 homes on 47.5 acres at the southwest intersection of Floyd Road and Glore Road in Cobb County. The project would include townhomes of 1,700 to 2,300 square feet and up, and single-family detached homes of 1,800 to 3,200 square feet and up.

Traton Homes LLC is proposing 56 homes on 16.3 acres at the southwest intersection of Burnt Hickory Road and Bob Cox Road in Cobb County. Homes would be 1,800 to 2,800 square feet and up, with Traditional/Craftsman architecture.

And CPS Development LLC is proposing 18 homes on 8.9 acres on the west side of Wesley Chapel Road and the south side of Sandy Plains Road. Homes would be 3,000 square feet with Traditional/Craftsman architecture.

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Boston Consulting Group confirms $9.2 million, 200-job Atlanta expansion

Boston Consulting Group (BCG), a global management and consulting firm, will create more than 200 jobs and invest $9.2 million in a new regional support center in Atlanta.

 As part of the expansion, the “Big Three” consulting firm will lease 40,000-square-feet — or two floors — in an undisclosed downtown Atlanta building and create more than 500 jobs over a decade. Construction is expected to begin in June 2017 and to be completed in June 2018

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Rebuilt I-85 bridge to open by Monday morning

The rebuilt Interstate 85 bridge over Piedmont Road will reopen to traffic in time for the morning commute on Monday or even sooner, a full month ahead of the original schedule, Gov. Nathan Deal announced Wednesday.

The bridge collapsed March 30 when a fire broke out in construction materials stored below the bridge. Since then, motorists have been forced to detour around one of the most heavily traveled highways in metro Atlanta.

Originally, state Department of Transportation officials said the bridge couldn’t be rebuilt before mid-June. But the project was fast-tracked to a 24-7 job and chief contractor C.W. Matthews Contracting Co. Inc. was offered up to $3.1 million in incentives to speed up the work, which will allow it to be done in just six weeks.

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Lenox Square cancels July 4th fireworks, partners with Centennial Olympic Park

After 57 years of hosting one of the Southeast’s largest light shows, Buckhead’s Lenox Square has canceled its annual July 4th fireworks celebration, mall owner Simon Property Group said Wednesday.

Instead, it will partner with Centennial Olympic Park to deliver the “best fireworks show in Atlanta,” according to a media release.

“By partnering with Centennial Olympic Park, which is only nine miles away, we can deliver an even better experience for everyone involved and provide much needed operational relief to the city of Atlanta during a very busy holiday,” Robin Suggs, general manager of Lenox Square, said in a statement.

Jennifer LeMaster, chief administrative officer for the Georgia World Congress Center Authority, the state agency that oversees Centennial Olympic Park, said Lenox Square will provide a “generous donation” for the fireworks celebration in downtown.

“We look forward to sharing some of the recent – and ongoing – revitalization efforts in downtown Atlanta and helping them celebrate Independence Day this year in the heart of Atlanta,” LeMaster said.

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Opening of Mercedes-Benz Stadium delayed again to late August

The opening of Mercedes-Benz Stadium has been delayed again. It is now set to open for an Atlanta Falcons pre-season game against Arizona on Aug. 26. The delay comes as questions lingered about whether the stadium’s one-of-a kind retractable roof would open and close as planned for its first games. The stadium most recently was supposed to open for an Atlanta United game on July 30. Early projections had it opening around March.

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Plant Vogtle contractor Westinghouse files for bankruptcy

lant Vogtle constructor Westinghouse Electric Co. filed for bankruptcy protection on Wednesday, raising questions about the fate of four half-finished reactors at Vogtle in Georgia and in South Carolina.

The global nuclear construction firm, owned by Toshiba Corp., incurred billions of dollars of cost overruns building the nuclear reactors. The result is a financial disaster that threatens the viability of its Japanese parent. Toshiba said Westinghouse had $9.8 billion in liabilities as of Dec. 31, according to a story in the Wall Street Journal.

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Nearly 35 percent of Atlanta area millennials make their homes with parents

Nearly 35 percent of millennials in the Atlanta metro area make their homes with their parents.

A new report from apartment search site Abodo found that 34.6 percent of people ages 18 to 34 are living with their parents in the Atlanta-Sandy Springs-Roswell metropolitan statistical area. That makes the Atlanta metro area one of 16 cities nationwide where the percentage exeeds the national average, 34.1 percent.

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Georgia Film Academy’s first class: New grads have begun careers in booming movie/TV industry

Georgia is now the No. 3 filming location in the United States, with nearly 250 movies and television shows filming here in the last year. These often required hundreds or even thousands of crew members to make them a reality, and because Georgia’s crew base has yet to catch up to the influx of productions, many of these jobs went to workers flown in from Los Angeles. The Georgia Film Academy is looking to change that.

Last year, the Georgia Film Academy (GFA) was launched by the University System of Georgia and the Technical College System of Georgia to train in-state crew members and keep film jobs in the hands of Georgians. Interest in the academy was incredibly high, with 6,000 showing interest in fewer than 200 spots in the first cohort.

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Buckhead property along future Beltline expansion sold to self-storage developers

For the past few years self-storage has been one of the country’s hottest, albeit least sexy, real estate investments.

So it shouldn’t be that surprising a joint venture paid just over $4 million for a south Buckhead property where it will develop a 120,000-square-foot self-storage building. The location: less than an acre just off Peachtree Road along a future section of the Atlanta Beltline.

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Big casinos set their sights on Georgia

The effort to legalize casino gambling in Georgia comes as “The world’s largest casino corporations have set their sights” on the state, The Wall Street Journalreports, “hoping state legislators will consider opening up one of the nation’s last untapped regional markets to full-service gambling.”

Seven corporations including MGM Resorts International, Wynn Resorts Ltd. and Las Vegas Sands Corp. have hired more than 50 lobbyists to press their case in the state, the Journal reports.

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