Written: February 24, 2017

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.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Alpharetta will get its own Beltline

The city of Alpharetta wants to bring its version of the Atlanta Beltline to the suburbs, an attempt to better connect the growing city and build its appeal across the state.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

More projects near MARTA, more redevelopment in Midtown

  • 1372 Peachtree, a small, vacant Midtown building that’s been undergoing an extensive renovation over the past few months. WeWork has reached an agreement for a long term lease with the building’s ownership, a pension fund advised by Lincoln Property Co.
  • Development around the Avondale MARTA station. That includes Alliance Realty Services LLC, which wants to rezone almost nine acres at East Ponce de Leon and North Arcadia avenues for up to 270 apartments and a grocery store, according to an application to DeKalb County. The project would also include additional retail space.
    • Atlanta developer South City Partners also closed Jan. 11 on the 3.1-acre property, which is just east of the Avondale MARTA station on College Avenue. South City would develop a four-story building with 197 residential units and 8,000 square feet of retail and restaurant space. The project would rise along East College Avenue and Hillyer Street.
    • A plan that could help create a new dense suburban development node in Gwinnett County. North American Properties is the developer of a mixed-use project planned for the Infinite Energy Center Campus. Gwinnett wants the development to consist of residential, office, retail, restaurants and new parking at the complex near the intersection of Interstate 85 and Sugarloaf Parkway. The site already is home to a 13,000-seat arena, a convention center, an exhibit hall, a ballroom and a 708-seat performing arts center.
    • West Midtown’s continued evolution from an old industrial area, with the latest evidence coming from The Allen Morris Co. It’s proposing a $210 million development along Howell Mill Road, as it aims to break ground later this spring. The Allen Morris Co. recently tweaked the design of the giant project.
Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Georgia regents to discuss UGA project, CODA design, Tech golf facility

A significant new project at The University of Georgia, the new CODA tower at Georgia Tech and a golf course at Georgia Tech are among the real estate projects the Board of Regents of the University System of Georgia will discuss at their Feb. 14 meeting.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Whole Foods to close nine stores, including one in Georgia

Whole Foods Market Inc. will close nine stores, including one in Augusta, Ga., and scale back on its expansion plans, reports The Wall Street Journal.

The company’s stock has lost more than half its value since its most recent peak in 2013. In a call with investors on Wednesday, Chief Executive John Mackey said Whole Foods (NASDAQ: WFM) is trying to adapt due to the fact that “the more conventional, mainstream supermarkets have upped their game.”

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Loudermilk breaks ground on Buckhead office building

An Atlanta real estate company is starting construction on a nine-story medical office building, the latest project rising in the Buckhead Village.

The Loudermilk Cos. is developing the 120,000-square-foot project at 371 East Paces Ferry Road, the first intown Atlanta medical office building to launch construction in several years.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Plans filed for big project on Beltline’s Westside Trail

Architects have filed plans to start converting 23 acres of warehouses along the Atlanta Beltine’s Westside Trail into a community of food and beverage makers including another location for Atlanta’s popular Monday Night Brewing.

Kronberg Wall Architecture is seeking a permits to build out 22,300 square feet in the warehouses for Monday Night Brewing and new decks for outdoor seating and drinking. It’s part of a much larger planned project on the Beltline that would also include manufacturing operations, along with tasting and tours for local brands such as HoneySuckle Gelato, cheesemaker Southern Aged and Doux South Pickles.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

$1.07B industrial deal includes 20 metro Atlanta properties

Properties in metro Atlanta were part of a $1.07 billion, 19.8 million-square-foot industrial portfolio that DRA Advisors LLC purchased from Cabot Properties Inc.

The portfolio is spread across 21 markets throughout the United States, including major industrial hubs such as Dallas, Chicago, Columbus and Houston as well as Atlanta. Its 184 properties are 94 percent leased to more than 500 tenants, according to Cushman & Wakefield, which along with Eastdil Secured represented Boston-based private equity real estate investment firm Cabot Properties in the trade.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Cyclorama moves Thursday to Atlanta History Center

The Battle of Atlanta Cyclorama painting will move Feb. 9 from its Grant Park home to the new 23,000-square-foot Lloyd and Mary Ann Whitaker Cyclorama Building at the Atlanta History Center.

The full move will take two days, the organization said.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Developers back off hotel idea for Midtown skyscraper

Developers of a proposed Midtown skyscraper at 98 14th Street have backed off the idea of wooing a hotel brand.

The tower, initially pitched as a mixed-use project potentially rising up to 74 stories and including a hotel, is now being planned as a 53-story condo building, according to a development team led by Olympia Heights Management.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *