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.

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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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Outer suburbs pacing metro Atlanta growth rate

With Metro Atlanta’s outer suburbs leading the way, the 10-county metro region added 78,300 residents between April of last year and this April, the Atlanta Regional Commission (ARC) reported Thursday.

The fastest growth occurred in Cherokee and Henry counties, with population increases of 15 percent and 12 percent, respectively since 2010. The city of Atlanta, which had been steadily losing population for several decades until the 2000 census, grew by 7 percent between 2010 and this year.

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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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Buckhead finalizes first master plan in 15 years

Someday Buckhead will be easier to get to and around by car and foot as trails and new transportation improvements eliminate much of the gridlock on busy streets. People — many of them young — will live, not just work, here. Walkable avenues will be adorned with public art and the district will finally have a central public gathering point. That’s the vision of a newly released master plan called “Buckhead Redefined.”

Getting to that vision will take money, code changes, persuasion and about five to 10 years. Nothing will come to fruition overnight, but the plan’s supporters see it as the beginning of a new era for Buckhead. An Atlanta City Council vote on the plan is expected in the fall.

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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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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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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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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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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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