Written: August 14, 2017

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.

Tags: , ,

Leave a Reply

Your email address will not be published.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

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.

Tags: ,

Leave a Reply

Your email address will not be published.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

$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.

Tags: ,

Leave a Reply

Your email address will not be published.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

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.

Tags: ,

Leave a Reply

Your email address will not be published.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

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.

Tags: ,

Leave a Reply

Your email address will not be published.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

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.

Tags: ,

Leave a Reply

Your email address will not be published.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

8 new residential projects around metro Atlanta

Metro Atlanta residential developers are proposing hundreds of new homes from Cherokee County in the north to Fayette County on the south.

Tags: ,

Leave a Reply

Your email address will not be published.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

Cobb’s Interstate North complex gets a makeover, renamed Pennant Park

Rubenstein will rename the nearly 1-million-square-foot office project Pennant Park. Construction is expected to be completed by early 2018. ASD|SKY is the architect.

Tags: ,

Leave a Reply

Your email address will not be published.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

Details emerge about Centennial Olympic Park makeover

New images and details have emerged of the $25 million renovation now underway at downtown’s Centennial Olympic Park.

Todd Hill, director of the Atlanta office of DTJ Design, which is completing the design of the park, made a presentation to Georgia World Congress Center Authority officials on Feb. 28.

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 *