Written: October 16, 2017

Luxury Buckhead residential community breaks ground

Shovels for the long-expected luxury residential community in Peachtree Hills have finally hit dirt.

More than a decade after first being announced, a 216-unit senior living project in Peachtree Hills has broken ground, its developer says.

The entire development will cover about 20 acres in the historic south Buckhead neighborhood known for its dense tree canopy and Peachtree Creek.

Site development on the project, officially called Peachtree Hills Place, is underway. Construction on the first units could start later this fall.

It has more than $117 million in financing from SunTrust Bank, Atlantic Capital Bank, Iberia Bank and Capital Bank.

Peachtree Hills Place is geared to the high-end homebuyer. It will include 204 condos in six, four-story buildings. The condos will range from $730,000 to $1.8 million. Twelve custom-built single-family homes will start at $1.8 million.

The project was first pitched in 2005 on the cusp of the historic recession, with plans for more than 260 luxury apartments.

Asked about changes to the project’s overall plan and the more-than decade long process to get to groundbreaking, Isakson said, “We were patient.” An important step included getting feedback from the project’s first homebuyers, who suggested a few tweaks. “We worked through a myriad of things,” he said.

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Grady Memorial Hospital plans $13 million diagnostic center off Camp Creek Parkway

Grady Memorial Hospital Corp. plans to open a $13 million diagnostic center off Camp Creek Parkway inside its new medical office building.

The hospital on Sept. 22 filed plans with the Georgia Department of Community Health (DCH) to establish a multimodality diagnostic center. The project would require 32,000 square feet of interior build-out.

As Atlanta Business Chronicle reported in April 2017, Grady is opening an ambulatory care center, called Comprehensive Care Center of Camp Creek, on Princeton Lakes Way.

To build the new center, Grady partnered with Ackerman & Co., which has developed three other medical office buildings in the Camp Creek area.

Ackerman Medical founder John Willig in April estimated the building would cost $8 million to $8.5 million.

Grady will need to file a Certificate of Need and gain approval from DCH before beginning work on the diagnostic center.

The new MOB is slated to open in early 2018.

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Groundbreaking ceremony set for new state Judicial Complex

Gov. Nathan Deal and Georgia Chief Justice Harris Hines will preside Thursday at a ground-breaking ceremony for the new state Judicial Complex being built on the former site of the Georgia Archives building.

One of the most expensive building projects in state history at $105 million, the court building will be on Capitol Avenue in downtown Atlanta, just south of the Georgia Capitol. It will house both the state Supreme Court and Georgia Court of Appeals.

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Houston’s hospitals treat storm victims and become victims themselves

Water poured into hospitals. Ambulances were caught up in roiling floodwaters. Medical transport helicopters were grounded by high winds. Houston’s world-renowned health care infrastructure found itself battered by Hurricane Harvey, struggling to treat storm victims while becoming a victim itself.

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DR Horton pays $5 million for next phase of formerly stalled development

Here’s another sign the suburban Atlanta housing market is back on its feet.

DR Horton is starting the next phase of a 90-acre Gwinnett County housing development that had stalled during the Great Recession and went back to its lender.

The expansion could add another 150 homes to the Mill Creek area, a sprawling network of housing and schools between Suwanee, Buford and Braselton.

DR Horton already owned the first phase of the project, known as Lakeview at Hamilton Mill. Developing the next phase, or about 35 acres, could bring the entire project to 230 homes.

Earlier this summer, it paid $5.1 million to acquire and develop the remainder of the site at Interstate 85 and Doc Hughes Road, according to Gwinnett County property records.

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Mercedes-Benz Stadium retractable roof will not be ready for Falcons home opener

A one-of-a-kind retractable roof will not be ready to open for the Atlanta Falcons’ first home games at the new Mercedes-Benz Stadium.

Team officials made the announcement earlier this afternoon.

No date was given when the retractable roof would become fully automated, meaning it could open and close with the press of a button.

For now, it can be opened manually, but the complex, mechanized process takes about six hours. Steve Cannon, CEO of the Falcons parent AMB Group LLC, said he is confident the roof will function as planned at some point this season.

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$612 million Atlanta medical office deal announced

Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE:HR) said it’s agreed to buy 15 medical office buildings in the Atlanta metro area from Meadows & Ohly, LLC for a total purchase price of $612.5 million.

The properties are located on hospital campuses or fully leased to three leading health systems in Atlanta. The properties total 1.3 million square feet and are 96.2 percent occupied.

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More than 500 residential units planned in new Buckhead Village project

A Dallas real estate company is proposing one of the largest mixed-use projects yet for the rapidly developing Buckhead Village.

Dallas-based JLB Partners wants to rezone its three-acre site at West Paces Ferry and Paces Ferry Place, where it could develop more than 500 residential units.

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Sarasota, Fla., OK’s deal committing Braves to spring training facility through 2048

The Atlanta Braves would be committed to spring training in Sarasota County, Fla., through at least 2048 under final agreements unanimously approved this week by the county.

The facilities and non-relocation agreements receiving unanimous approval this week also commit the Braves for paying for any cost overruns for the $75 million to $80 million complex in North Port, Fla., and set an October funding deadline. A key piece of funding still pending is a $20 million state grant; the agreements pave the way for that grant application, according to a story Tuesday in the Sarasota Herald-Tribune.

Sarasota County’s vote Tuesday was perhaps the most important to date to finalize the team’s move that has been more than two years in the making.

“We’re now the dead center of Major League Baseball,” Commissioner Charles Hines said. “Even if you don’t go to those games or don’t like them, it adds another feather to our cap, our community … we’ve got it all; what a great opportunity.”

Plans for the complex include a roughly 8,000-seat stadium, practice facilities and public multi-use fields. It will be located just south of the State College of Florida, Manatee-Sarasota campus near U.S. 41 and River Road in the West Villages commercial and residential district.

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Nearly 50,000 pack ​Centennial Olympic Park in Atlanta for Shaky Knees Music Festival

Nearly 50,000 Rock music fans packed Centennial Olympic Park for the fifth annual Shaky Knees Music Festival just one week after about 46,000 dance music fans descended on the park for the second annual Shaky Beats Music Festival.

The festival featured headliners The xx, LCD Soundsystem and Phoenix with support from Cage The Elephant, Pixies, The Shins, Nick Murphy, X Ambassadors, Third Eye Blind and Portugal. The Man. In total, more than 60 bands performed on three stages over the course of the three-day rock music festival.

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