Written: May 18, 2017

Atlanta developer Stan Thomas files bankruptcy for Tennessee project

The Atlanta-based owner of half of the massive Ovation development in Cool Springs, Tenn., filed for bankruptcy protection hours before the property was set to be sold at auction.

The May 17 bankruptcy filing had the desired effect, canceling a foreclosure sale that was scheduled for noon today on the steps of the Williamson County Judicial Center in downtown Franklin. It would have been a dramatic twist for a high-profile project more than four years in the making, one that aims to create an urban mixed-use environment in the region’s longtime suburban corporate headquarters hub. Ovation, which will cost more than $1 billion to build, is planned to include up to 1.4 million square feet of office space — including the new headquarters for Mars Petcare U.S. Inc., one of the county’s largest employers — as well as 480,000 square feet of retail, restaurants and entertainment space; 950 residential units; and 450 hotel rooms.

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Date released for 2019 Super Bowl in Atlanta

The National Football League today announced Super Bowl LIII will be played at Atlanta’s Mercedes-Benz Stadium on Feb. 3, 2019.

“We are excited to officially have the date for Super Bowl LIII from the NFL,” said Dan Corso, president of the Atlanta Sports Council and chairman of the Metro Atlanta Host Committee. “Atlanta’s preparations are well under way as we get ready to showcase the city to the rest of the sporting world.”

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Gov. Deal to gas stations: Stop price gouging

Gov. Nathan Deal is reminding gasoline retailers that price gouging is illegal in Georgia.

The governor issued an executive order Monday restating the existence of the state law in light of reports of a huge spike in pump prices at some gas stations since a supply disruption caused by a pipeline leak, which is currently undergoing repairs.

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Paces Properties acquires aging InTown Suites hotel for $8 million

Paces Properties, the Atlanta developer behind Krog Street Market, has acquired an aging extended-stay hotel overlooking Interstate 85.

An affiliate of the firm paid $8 million for the InTown Suites hotel at 1944 Piedmont Circle, according to Fulton County court records. The deal closed July 29.

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Atlanta developer Robin Loudermilk buys iconic Villa Juanita for $7.2 million

Well-known Atlanta developer Robin Loudermilk is buying Tuxedo Park mansion Villa Juanita for $7.2 million — one of the priciest residential sales ever in Buckhead.

Loudermilk said he plans to move into the home at 509 West Paces Ferry Rd. with his wife, Frances. He calls Villa Juanita one of the last original and iconic homes left in Atlanta.

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